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BTC VS AMAZON CHART
Saw a guy on YouTube post this chart and found it thought provoking to say the least. Left hand side is BTC (this morning) and the other is from the Amazon stock in 1999 (dot com crash). I'm a short term futures trader and don't have a dog in this fight either way, just found his take interesting.
Screen Shot 2024-03-05 at 12.01.34 PM.png
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Stocks/Investments Moderator
Chart crime for many reasons. But if we follow the price comparison and zoom out Bitcoin will be trading at about 2.5 million sometime in the future.
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I think people can see whatever they want to see in a chart if they look hard enough. Like I said, I don't have a dog in the fight. Just thought it was interesting.
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The financial engineer I follow thinks 75-80K before the halving moving on up to $100K afterwards, then a 50% correction to no lower than the 50s, then marching on up to 300K before 2026. Time will tell. I'll be holding my core position through it all no matter what, just as I have since 2018.