The real top
Many keep saying we are going to $150,000 per Bitcoin this cycle.
The problem is right now the 2021 high of $69,000 is now $82,000 adjusted for inflation.
Is it reasonable the 2025 high would be only double that of the 2021 high? What if we begin expanding money supply in next 18 months?… Then would be less than a double.
This is why I don’t recommend trading. Even if you’re right in real terms the actual target is shifting so much with devaluation of the USD.
Maybe a 2025 top of $150k in 2021 was reasonable but now factoring in debasement could be $200k-$300k.
Maybe the next bottom is $80k in 2024 terms but by the time we get there it’s $125k nominal.
Who knows.
My point is that you have no idea and are acting as if diminishing returns nominally makes any logical sense.
To clarify: I have no idea either.
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