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Bitcoin: What If We Are Wrong ??
Institutional Crypto Research Written by Experts
10x Research
April 22, 2024
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👇1-12) George Soros's "two opposing theories" concept refers to his conflicting market views, allowing him to flexibly respond to changing conditions. Soros would develop a hypothesis for either market direction, jumping on the hypothesis that the market was confirming.
👇2-12) Bitcoin has followed predictable cycles, a fact that many of the most prominent crypto experts preach but seem to overlook at turning points. For instance, in November 2021, when the last bull market peaked, none of them advised cashing out. Similarly, in Q4 2022, when Bitcoin was expected to dip to 12,000, they failed to recommend buying.
👇3-12) All our analysis is based on quant analysis, and on October 28, 2022, we suggested it was time to buy and that Bitcoin could rally to 63,160 into the 2024 Bitcoin halving (+215% upside, actual halving price: 63,491). We also suggested on February 1, 2023, that Bitcoin could rally from 22,000 to 45,000 by Christmas (+100% upside, actual price on X-mas: 43,613). For 2024, we suggested Bitcoin could rally to 70,000 (+70% upside) based on the risk of diminishing cycle returns. We wanted narrative confirmation before committing to much higher Bitcoin price targets.
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