photinoman

Bitcoin to 7k or 400k by December?

photinoman Updated   
BITSTAMP:BTCUSD   Bitcoin
I draw the lines just for fun. 400k dream:)
Comment:
Well I used a simple calculation, $400k*17M BTC = $6.8T market cap. Considering Gold's $7.8T market cap, 400k BTC is not realistic. BTC can still reach $100k which makes about 1.7T market cap. Probably there will be a bear market for a while later.
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.