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RE: Bitcoin will reach $703.687 per Bitcoin before 2020 following it's current trendline

in #steemit7 years ago

You know, I hope you're right but I think such a high valuation in two years may not be realistic. Simply put the market cap of BTC by 2019 at a $700,000 per coin price would be around $11 Trillion, more than the daily volume traded on Forex (~$5B)

These things do move in waves for sure. And we just hit a massive one upwards over the past few months. But I don't know if it can sustain that level of acceleration by extrapolating three months of data and projecting it forward two years :)

But hey, I'd personally love to be wrong here. Crossing fingers hehe

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You are absolutely right here... but as described, if the trendline is being respected... and only if ::))

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