Athena Index score: pending/100
Chance of One Final Bitcoin Flush
the old four year cycle narrative is likely dead
Bitcoin is maturing into a real macro asset even if price action has not caught up yet.
I think it could quickly go to $150K or $200K if that happens.
Bitcoin, which is bearish, very strongly bearish right now.
Although I think it's close to a bottom. I think it's at or near a bottom at these levels.
they now have the ability to invest and save in the best tool for investing and saving and protecting against inflation that humanity has ever known.
I think over time, all else equal Bitcoin probably wins.
when Bitcoin recovers, because it will recover, I don't know when, but it will recover
At a fundamental level, I'm of the view that we actually deserve a run at 150.
Down below 105, things get increasingly hairy and below 95, things get really quite hairy.
And then it starts to look a little bit like the ETHBTC ratio, just, you know, a cycle behind.
I just can't honestly see where serious capital can't allocate to these stuff anymore, the old coins... there's no money left for this stuff.
Bitcoin goes up a 100x from where it is right now. If we're at $9 million or $5 million or something like that, Bitcoin is the biggest monetary asset in the world.
I would say that the only way out of this is to have a harder money to have a sound money. And then I would say that Bitcoin is the best candidate for that. So I think that's the endgame.
I can't see a world where we don't have QE and that's going to be a serious increase in the balance sheet going forward as well.
Bitcoin is not, I don't believe, ready to act as an inflation hedge.
in a big bare market in treasuries, Bitcoin isn't going to do great. It goes down.
I think it's a lock that Bitcoin eventually overthrows fiat as like the global dominant kind of currency and like the way we think about how much things are valued
why Bitcoin is insanely undervalued at $67k