Bitcoin: We’ve Been Lied To
Many Bitcoin theorists who used previous cycle data as any indication of what might happen this cycle, and there are quite a few, are being let down in a major way. This is even accounting for the diminishing returns each cycle due to the growing marketcap of Bitcoin.
I hate to pick on Stock to Flow again. It’s not like we’re majorly of course, but we are projected to be about $13k, pushing $14k soon.
So, straight up liars then? Well, there is however, some glimmer of hope-i-um. So whip your gas tanks out, because here it comes.
Disclaimer: I am not a financial adviser and this is not financial advice.