4 ms·

Bitcoin slow descent to zero? Or buying opportunity before the next moonshot?

• whoisjohnkid 6y ago
  no way to tell for sure, but the stock to flow model has been pretty accurate over the years and it projects around $90k+ by year end ... institutions like PayPal are buying directly from miners, others are applying with SEC to buy BTC for their funds ... price looks shaky, but the big players seem confident in the fundamentals ¯\_(ツ)_/¯
  • randomopining 6y ago
    Or are they just getting in to be the ones selling the axes during the gold rush?
    • whoisjohnkid 6y ago
      There’s definitely multiple ways to make money as an institution and yeah this is a possibility as well.