If Bitcoin Follows Previous Cycle

[Oceat]

That $240k seems a bit too much in the next bull market but I can't say anything since it's also the same pattern of Bitcoin price in the past. I'm also wondering where are these money coming from if someone would actually buy it but bigger companies are able to afford to buy even a single Bitcoin.

If there's a FOMO Bitcoin will eventually hit that price but it's just too soon to be expecting that and I think it's going to happen in the next bull run after we have this bull run in a couple of years.

[Lucius]

×2 compared to the last ATH is over $120k. That's quite a high decent ROI from where the price is now, to wherever the bottom of this current cycle would be. I would be quite satisfied with that as well.

Almost $140 000 if we look at the last ATH was $69 000, but if we look at it from the perspective of the lowest price, then it would be more than x8 price increase, which is nothing excessive compared to the previous cycle when we went from $3000 to even $69 000. As someone who is a long-term holder, I am more interested in the period near the end of this decade when 99% of all BTC will already be mined.

Then the rules of the game should also change, because if you have 2 million BTC that have yet to enter circulation in combination with everything that is already available, the price that Bitcoin has in relation to fiat is more than good.

[serjent05]

The bitcoin market is crazy, so I take every prediction whether crash or surge as a possibility.  Who would have thought that worthless BTC way back 2009  has reached $69k at its peak?  And who has thought that after reaching 1k+ way back in 2013 and crashing all the way to less than $200 will recover 20x in 2017?  Though I can say the projection of the next ATH is too high since we have to consider the difference in percentage growth of each cycle.

×2 compared to the last ATH is over $120k. That's quite a high decent ROI from where the price is now, to wherever the bottom of this current cycle would be. I would be quite satisfied with that as well.

Almost $140 000 if we look at the last ATH was $69 000,

I have the same thought about the next ATH of BTC price.