Everyone knows the forecast of John McAfee, who sees Bitcoin at one million. Me too, by the way. The latest price target of the Bavarian State Bank of 90,000 dollars per coin is almost conservative.
Gold has a stock-to-flow ratio of 58. After halving, Bitcoin's stock-to-flow ratio rises from 25 to 50. Bitcoin would then be as rare as gold . On this basis, the price would increase by a factor of ten.
The Bitcoin course will recover soon. Before the two halvings at the end of 2012 and 2016, a bottom formation was observed twelve months before the date. This also seems to be the case now.
And central banks are planning to introduce their own cryptos. This strengthens Bitcoin additionally and is no competition.
I see the price development accordingly. In my opinion, the price could go even higher.
Let's see what happens.
Happy trading. :-)
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