Leo; how are you? Now; we are in a strong bullish market; what do you think about future price prediction?
The current bullish market is arising purely from practical use cases which I already discussed in my other thread before 1 to 2 years back. It means more and more tech companies and funds, banks and country wide adoption is happening now and it is not like last pump and dump phenomena in which just one fundamental news pumped the price and then, dumped it again heavily afterwards.
For example, if Facebook will launch it's own crypto which it announced to launch next year, then it will act as an entry to crypto for one third of world population in one shot which is around 2 to 3 billion people. Similarly BAKT is about be launched soon this year though I don't have much information about it.
Now, it took almost 1.5 to 2 years to recover from that bearish market because of pure practical use cases and not because of sudden news announcements and hence, this bullish market seems to be more strong than before. But we have to wait and see until it breaks the all time high of 20K and settles above that level for sometime.
Then, my count down will start from 20K, 40K,80K,160K, 300K,800K, 1 M to 2 M USD per BTC which I already discussed many times in my first thread.
But most people ignored my comments at that time and laughed at me and I was probably the first myfxbook user who introduced myfxbook users about cryptocurrencies based on purely from fundamental analysis of crypto use cases.
Now, after 2 years it seems that many people are becoming aware and adopting cryptos. But I have to 100% agree that I was wrong about timings for price predictions. Hence, I am not willing to predict any specific price under specific times, because I recommend only for holding cryptos and using cryptos and don't recommend margin trading.
But I strongly stick with my same price prediction which I did few years back. That is 1 BTC will settle between 2 to 3 Million USD and I am serious about saying this that 1 BTC=2 Million USD or more within next few years, but when it is difficult to say.
Artificial General Intelligence