Recently my exchange made a survey where most people believe that Btc will Top at 120-150k. I assume most people think it will only 2-3x compared to last cycle because of law of diminishing returns and it barely did a 3,5x last cycle.
However i believe that Btc will go much higher this cycle for the folowing reason
The last cycle was suppressed by Ftx taking all the customer funds and not investing it into Btc. If Ftx actually did their job instead Btc would have surpassed 100k last cycle already. So i believe a 5-6x would have been the correct increase without the Ftx fraud. From 100k the top could increase by 3x-5x to 300-500k while still following law of diminishing returns.
Thus my prediction will be:
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Btc hits 100k and gets some mainstream attention
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Btc hits 150k-175k and a lot of seasoned Investors will cash out due to law of diminishing returns.
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Btc grows further past 250k, beating the law of diminishing returns
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Btc gets massive mainstream attention and talks of a supercycle and it reaching 500-1000k this cycle become mainstream. Lots of new retail investors and people who cashed out earlier reinvest
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Btc hits its top somewhere between 300k and 500k, before bottoming between 90k-150k