From BITCOIN ANALYST .. Bitcoin $300,000-$400,000Not one bitcoin analyst .. from many
They all say similar things like Bitcoin will start rallying in hard in May this year and the rally will go on for 1 to 2 yrs... similar to the 2017 Bitcoin Normal Cycle Peak ... Bitcoin price will hit $300,000-$400,000 in this coming Bitcoin Normal Cycle Peak ... afterward bitcoin price would go into a massive crash.
Bitcoin will trade sidway for few yrs and later takes off again according to Bitcoin Analyst... and that's when you see Bitcoin go into its SUPERCYCLE PEAK taking Bitcoins ~~~~> $800,000 to $2 million
Well, they have their own methods of calculating where bitcoin is heading.
The 2017 bitcoin rally is more of a Speculative Rally based on HOPE .. as in hoping people will accept bitcoin one day..... everything is based on hope and speculation in 2017
The current Bitcoin Rally of 2020-2021 ... this rally is based on ADOPTION and MASSIVE MONEY PRINTING .. as in people finally believing and accepting Bitcoin as a alternative investment vehicle to Gold. People no longer "Hope it will succeed like in 2017 " ........ now people know it will succeed and more and more companies are adopting the Bitcoin Crypto / Blockchain Technology.
Well, if all these Bitcoin Analysts turns out to be correct on what they say and Bitcoin runs to $300,000-$400,000 in 1 to 2 yrs......... Galaxy stock price should have no problem hitting $500.00 and beyond
The latest news out China now sees Bitcoin as a investment alternative.. looks like China might open up to bitcoin again in the near future.
https://www.kitco.com/news/2021-04-19/China-calls-bitcoin-investment-alternative-as-Fed-maintains-crypto-is-speculation.html