I acctually read the second book he wrote, called "Diary of a professional commodity trader" and you can see that his 48years experience in trading is rock solid.
I am just not sure that old school traders like him are very experienced in predicting the Bitcoin price. We know Bitcoin is not your average "Commodity/Currency" and the slightest bad news can have an enormous impact on the price.
The Bitcoin ETFs and the impact of the media hype surrounding the upcoming "Halving" will boost the price, but I cannot see that we will see any price above $100 000.
I am just not sure that old school traders like him are very experienced in predicting the Bitcoin price. We know Bitcoin is not your average "Commodity/Currency" and the slightest bad news can have an enormous impact on the price.
The Bitcoin ETFs and the impact of the media hype surrounding the upcoming "Halving" will boost the price, but I cannot see that we will see any price above $100 000.
When new supply goes from 900/day to 450/day and if demand remains constant then it could go quite high. Adding in additional demand from investors for the ETFs (many RIA's don't even have them on their platform, nor do some brokers (e.g. ml edge which is large) will only drive demand higher and with new supply cut in half...
So, could it go to 200k? Yes, will it? Who knows :-)
