[nobrains]

>> Crypto has a major correction; bitcoin finishes the year well under $100k.

This is easy. Bitcoin reaches it's high between Jun and Oct. This is based on historical 4 year trends.

Then falls. Falls around 70%. Again, this is based on historical trends.

And yes, while past performance is not indicative of future performance, the bitcoin cycle has been following this, and when everyone expects this, it ends up happening by the virtue of everyone's expectation.

[throw0101d]

> Then falls. Falls around 70%. Again, this is based on historical trends.

A semi-joke-y observation about a monkey wrench that may be thrown into the mix:

> The main argument for a Strategic BItcoin Reserve seems to be that Bitcoin holders worry about an impending shortage of greater fools and need the US government to act as the greatest fool of last resort.

* https://twitter.com/davidfrum/status/1870564077535470079

[fire_lake]

Only 4 data points.

There are meaningful differences this time around: Trump support of Bitcoin lobby and mainstream ETFs.

[MuffinFlavored]

If you assume that BTC's market cap increases 5x-10x per $1 in inflow it receives, if it does another $100b in inflows next year, it'll be between $120k-$130k