No if you account for diminishing returns you can predict the next bull market pretty well. Most Bitcoin maxiβs I talk to however deny diminishing returns is a thing because they donβt understand how market caps work.
Discussion
If you know what BTC actually is, you will forget about market cap. π But to each his own.
The market cap still has to be based in reality so it is a good metric to consider. Just as we know Bitcoins Market cap wonβt be 999 quadrillion tomorrow itβs pretty easy to predict it wonβt go past 10 billion within the next bull market if you consider the past. Just basic deductive reasoning.
Seeing BTC market cap is already 550 Billion, your 10 Billion prediction is shall I say wrong πππ
Itβs supposed to say trillion lmao.
Goldβs market cap is 10T, if you think BTC is better than gold, why would you sell at $550B βmarket capβ. If you donβt believe that it is better, then just buy gold. π
Iβm not going to be selling at 550 billion Iβll start selling at around a 4 trillion market cap.
Bitcoin will surpass gold but itβs going to be more than 1 bull market before it does so in my humble opinion. Nothing to be embarrassed about it took Gold centuries to achieve that market cap. Will take Bitcoin less than 2 decades. I just truly believe it wonβt be within the next bull market. If your predictions were based on reality youβd believe the same.
Wait I thought you were selling at $80k π. 4T takes us over 200k.
Nah 4 Trillion takes us to about 100K-120K USD and it all depends on how fast we achieve 80K if it happens within the next 2 months I probably wonβt start selling at 80K, if it happens after the halving Iβll probably sell more than 10% at 80K really just depends.