My initial target from April 2021, while Bitcoin’s price was over 50000$, was 7500.
Updated target is 850$.
As explained in my previous entries the last crypto bull market with Bitcoin going from 3000 to 65000 was similar to the late stage internet bubble. Now we enter a period of correction/rationalisation that will last a couple years before going back up organically.
Current cryptos valuations are grotesque. This whole industry still have no real world usage. Quit dreaming about fast 100x profits. The great crypto rise was between 2009 and 2017. Now all the normies are in it.
Short it. Buy the bottom. And forget it.
Updated target is 850$.
As explained in my previous entries the last crypto bull market with Bitcoin going from 3000 to 65000 was similar to the late stage internet bubble. Now we enter a period of correction/rationalisation that will last a couple years before going back up organically.
Current cryptos valuations are grotesque. This whole industry still have no real world usage. Quit dreaming about fast 100x profits. The great crypto rise was between 2009 and 2017. Now all the normies are in it.
Short it. Buy the bottom. And forget it.
