Apple from 2014 vs Bitcoin now
I don’t know the potential all-time high for the current BTC cycle, but if ~$5 trillion market cap = ~$260,000
If this cycle is really about mass adoption of Bitcoin, I think neither BlackRock (because of ETF) nor governments will let it fall too much in the bear market.
Basically, they will use it to accumulate more and won’t let BTC fall below important levels.
I don’t know the potential all-time high for the current BTC cycle, but if ~$5 trillion market cap = ~$260,000
If this cycle is really about mass adoption of Bitcoin, I think neither BlackRock (because of ETF) nor governments will let it fall too much in the bear market.
Basically, they will use it to accumulate more and won’t let BTC fall below important levels.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.