Bitcoin To $1.3M By 2028? Questionable, Says 10x Research
Portfolio Pulse from Murtuza Merchant
A report by 10x Research challenges the accuracy of the Stock-to-Flow model for predicting Bitcoin's future prices, particularly the $1.3 million projection by 2028. It highlights the model's failure to account for human behavior and changing market dynamics, suggesting a more conservative growth pattern and emphasizing the importance of trading Bitcoin's cyclical trends.
May 10, 2024 | 4:31 pm
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The report by 10x Research suggests skepticism towards the $1.3 million price target for Bitcoin by 2028, arguing that the Stock-to-Flow model fails to consider key factors like human behavior and market dynamics. It also notes Bitcoin's diminishing returns in each cycle, projecting a more conservative future growth.
The report directly challenges bullish price predictions for Bitcoin, potentially influencing investor sentiment and short-term price movements negatively. By questioning the validity of a widely used predictive model and suggesting a limit to Bitcoin's growth, it could lead to decreased investor confidence and a bearish outlook in the short term.
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