That's an interesting perspective that I haven't heard before. Maybe it will trigger something similar to gold, but we'll have to see. History never repeats itself but it does follow patterns.

Bitcoin is much different than gold, but it has similar attributes on the market. Namely, it's being treated as a safehaven asset in times of trade wars and other uncertainties. It's being seen as another way to transport money. It's a store of value that only gains over time.

But will it run that high if (and only if) the ETF gets approved? Are retail investors really that keen to jump on it? Hedge funds? It's not a definite cause and effect here that we can state. Just comparing it to gold has no guarantee of success.

Yeah, just watch the price instead of wishing the price to be somewhere else. Forecasting is almost never accurate, especially if the person making the prediction doesn't own the asset. Why would someone care if the price went up or down if they didn't actually have some of it in their account?

And on the other hand, someone who owns a lot of it will be full of wishful thinking that it'll go up to a gajillion dollars so he can be a millionaire overnight. That's not a prediction.

Predictions can only be done in mid-short term using calculations and previous price action. Even then, they're not fully accurate.