Glad to see #Bitcoin above 60K today. And it is really following the stock-to-flow model.
100K or anything close to it by December? Absolutely! End of bull cycle by December for Bitcoin? No, recent projections tell us that this will last until the first or second quarter of 2021.
We are also seeing a departure from the four-year cycle based on Bitcoin halving. Some may say that it is too early to say but a USD 1M Bitcoin enabled by mass adoption, scarcity and institutional investments is possible by the end of this decade or early next decade. If not, the most will be the beginning of the next decade.
Altcoins may suffer this month and will recover some in November but will lose the leeway again by December. Altcoins will start to recover by February. Hopefully, a season of its own. So if you are not yet prepared for a life-changing bull ride, then you still have the time.
(This is not an investment or financial advice. Kindly do your own research diligently.)
I agree with you, I think we'll see BTC at 200K USD+ by year end. 100K for sure. It is also just my opinion.
Do you think the "departure from the four-year cycle based on Bitcoin halving" will persist?