$ 300k for May 2020, $ 1M for December 2020, myth or reality?
It is not a prediction (crystal ball, where are you?), But simply answer the question: is it possible and under what conditions?
My graph on the left shows that Bitcoin would "be enough" for a valuation increase like the one known in 2019 to reach $ 1 Million per unit at the end of December 2020, satisfying the well-known predictions of John McAfee or Jesse Lund (former IBM Blockchain World Wire manager). All inscribed in a global bullish parallel channel since the beginning of Bitcoin in logarithmic scale, and satisfying the fractal of my graph on the right that I explain below.
For my graph on the right, I reported a fractal (drawn in blue) of the history of Bitcoin with its previous big bullrun until its peak in late 2017: matching as accurately as possible the course with that of 2017-2019, we get a parable whose peak would be $ 300,000 in May 2020. This is an exercise that I had already done in the past, and that gave similar results ($ 300k also to similar deadline), see my associated ideas below, but now it's supported by the known course from January to August 2019.
In other words, all this is just as improbably unlikely as the historic Bitcoin crazy race, offering him a $ 20,000 ATH in December 2017. Since I'm just presenting the same progression, no more, no less.
My graph on the left shows that Bitcoin would "be enough" for a valuation increase like the one known in 2019 to reach $ 1 Million per unit at the end of December 2020, satisfying the well-known predictions of John McAfee or Jesse Lund (former IBM Blockchain World Wire manager). All inscribed in a global bullish parallel channel since the beginning of Bitcoin in logarithmic scale, and satisfying the fractal of my graph on the right that I explain below.
For my graph on the right, I reported a fractal (drawn in blue) of the history of Bitcoin with its previous big bullrun until its peak in late 2017: matching as accurately as possible the course with that of 2017-2019, we get a parable whose peak would be $ 300,000 in May 2020. This is an exercise that I had already done in the past, and that gave similar results ($ 300k also to similar deadline), see my associated ideas below, but now it's supported by the known course from January to August 2019.
In other words, all this is just as improbably unlikely as the historic Bitcoin crazy race, offering him a $ 20,000 ATH in December 2017. Since I'm just presenting the same progression, no more, no less.
In short, with a capitalization of Bitcoin that would never be "only" $ 20 trillion for 1 BTC = $ 1M, but a liquidity volume much better suited for mass adoption, especially by companies looking for transfers international money, it is impossible to deny that this scenario is no more insane than the history of Bitcoin itself!
This is not an investment advice, at most a mindset. It's all about demonstrating that only altcoins can promise wonders, so it's not necessarily ridiculous today to buy a 5-digit BTC: an x10, a x50 or even x100 is still - more than ever? - conceivable, and surely with much better fundamentals than those of any altcoin!