NUGGETS OF ALPHA
Based on Saylor’s poll, Bitcoin’s midpoint target price for 2024 is $130,850
Historical performance calculations produced by econometrics averaged 192% per halving year
In the history of Bitcoin, never has a halving cycle begun with a diminishing supply
Price attracts buyers—the more the price moves, the more buyers will emerge
We are witnessing a historic shift as BlackRock and other institutions are gearing up for the spot BTC ETF. Such funds that typically have invested in giant corporations like Apple and Amazon are now forging a new path to Bitcoin, linking a massive $10+ trillion capital pool to a sub-$1 trillion asset. This groundbreaking move paves the way for potential demand, which could dramatically affect Bitcoin's availability.
Here are the results of a poll conducted by Michael Saylor on X with approximately 200,000 respondents. The expected value midpoint price from the respondents equates to $130,850. In crypto, people follow price combined with FOMO. When money flow comes in, it makes the whole asset class attractive.
“CNBS” publishes a lot of weird stuff on Bitcoin and Crypto. However, I wanted to share this chart summarizing a recent compilation of price targets from analysts for Bitcoin in 2024. Avg of all is $154K!
@Cefu_0804 tagged me on a X post with this model a few days ago that got my attention, so I decided to break it down.
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