For the sake of a public record, I would like to lay out my prediction for how this next #Bitcoin #BTC #Crypto bull market plays out...
@RaoulGMI @PrestonPysh @AriDavidPaul
Bitcoin will top out somewhere between $200k and $300k.
I am not of the belief that this is going to be the "final cycle" where BTC soaks up the world's wealth, goes to $1 million and rewrites financial history. I do not think...
That Bitcoin is headed permanently to the moon on this go round. After this cycle peaks I would expect a 60 to 80% retrace.
The macro narrative is taking shape that BTC is a hedge against inflation, however...
I don't think we're actually going to get the inflation everyone expects.
In order to get secular, painful, obvious inflation I think that several things need to happen. We need a more accommodating government (MMT) which we don't...
Have yet, as evidenced by Mitch blocking the $2k stimulus.
At this point we don't have the system necessary to fire the fiscal bazookas fast enough to overcome the forces of deflation.
I think that we'll get a MMT government eventually, but it could take several years...