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I'm quite surprised at all of the psychics around here. Let me exercise my mysticism while we're at it.
A "mega-spike" in the coming month is incredibly unlikely. These mega-spikes are typically preceded by a relatively calm base followed by a slow ramp up followed by an increasingly exponential ramp. I doubt the price action can just go from "are we in an uptrend or downtrend?" to "OMG I better panic buy at any rate possible!!!" But you never know. Some crazy awesome news might start the rally any time.
On the other hand, a full year of $300 - $600 is rather unlikely as well. There is too much adoption happening. There is too much awareness being spread. It is likely that the COIN ETF will launch opening up access in an entirely new and huge way. There is the GABI fund estimated to start trading on 9/1. Just wait until offshore money starts to realize the potential. I have a feeling that's one of GABI's primary targets, and that's estimated to be a 22 - 31 trillion dollar market.
But you know, my crystal ball may provide different results than yours.
Good comment. Would you say you are expecting a steady return to $600 - $1000 by the end of this year?A "mega-spike" in the coming month is incredibly unlikely. These mega-spikes are typically preceded by a relatively calm base followed by a slow ramp up followed by an increasingly exponential ramp. I doubt the price action can just go from "are we in an uptrend or downtrend?" to "OMG I better panic buy at any rate possible!!!" But you never know. Some crazy awesome news might start the rally any time.
On the other hand, a full year of $300 - $600 is rather unlikely as well. There is too much adoption happening. There is too much awareness being spread. It is likely that the COIN ETF will launch opening up access in an entirely new and huge way. There is the GABI fund estimated to start trading on 9/1. Just wait until offshore money starts to realize the potential. I have a feeling that's one of GABI's primary targets, and that's estimated to be a 22 - 31 trillion dollar market.
But you know, my crystal ball may provide different results than yours.
