Bitcoin “double bubble” kon BTC up 300% sturen, Wolgens crypto Handelaar Lark Davis

Crypto trader Lark Davis said the 2013-style “double bubble” scenario would be a technical template that would grow bitcoin by 300%.

In the new video, Davis tells his 419,000 subscribers that he remains skeptical that Bitcoin has ended its bull market in a similar way to 2013, and that it has formed two major peaks before entering the bear market.

 
“I think by the end of the year, a real fireworks show for the cryptocurrency markets will start here. We don’t get 700% rally for Bitcoin, but maybe we’ll get another 100% or 200% or even 300% rally, and I know there’s still a lot of people saying, “Look, Lark, 300% rally, that’s not going to happen.” Bitcoin is huge. Sunday is just too big. It’s unrealistic to see that.’

And Bitcoin’s current market capitalization, Yes, is pretty big anyway. We now estimate the market value of bitcoin at just under a trillion dollars. At its record high price, we were over $ 1.2 trillion. A 300% increase in prices would decimate the company’s market value to between $ 4.5 trillion and $ 5 trillion.”

In the long run, Davis sees that bitcoin will reach its six-digit or seven-digit mark by 2030, or yield about 20 times higher than current prices over the next 8 years.

“But I also really believe that bitcoin will be an asset worth more than $ 10 trillion. I don’t know when that will happen, but it will. By the end of the decade and I’m sure we’ll see bitcoin trading in the top hundreds of thousands of dollars, potentially reaching $ 1 million per coin by the end of the decade.”

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Disclaimer: HODL’s views are not investment advice. Investors need to take due care before making a risky investor

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