(As a reminder, you can get free, real-time crypto charts in SlopeCharts).
Forty thousand dollars per bitcoin. One hundred thousand. Three hundred thousand. The predictions are as numerous as the people making them.
I don’t pretend to know which one is going to be reality, and neither should anyone else. I do find the simplified presentation of price movements during manias to be an interesting road map, however. We all know that last week cryptos went crazy, with some losing more than half their value. On Friday, and into this weekend, they are beginning to strengthen, and I suspect many crypto-bulls have heaved a sigh of relief and are comforted by the fact this was just another one of those scary downturns. They don’t say HODL for nothing, you know.