Bitcoin Prediction: BTC Targets $540k
Another bullish prediction about the price of Bitcoin pops up. Today, the crypto market looks great, and Bitcoin is trading in the green, just like most of the digital assets.
At the moment of writing this article, BTC is priced at $10,846.43.
Bitcoin to hit $540k
It’s been revealed that the pseudonymous trader who made the accurate call that BTC will fall by more than 40% back in 2019 is back with another prediction. Now, he is saying that Bitcoin may be on a long-term path to $540,000.
According to the latest news coming from the Daily Hodl, Dave the Wave is relying on a chart shared by on-chain market analyst Willy Woo in order to illustrate that Bitcoin is in its early days of adoption,
If the current market represents 2.5%, then that would put price at 500K with 100% adoption/ full capitalization. This is the S curve. https://t.co/ZXj5YNlckp
— dave the wave (@davthewave) September 29, 2020
Dave believes that Bitcoin’s growth in terms of market share is just getting started.
Dave predicts that Bitcoin’s value will go straight to $540k in the next decade.
1/ I see things are starting to get more fractious among the s2f community. As known, I broke with it quite some time ago. Before doing so, I managed to extract from the founder a set of criteria by which it could be invalidated, something that’s essential to all credible models.
— dave the wave (@davthewave) September 27, 2020
He continued and said: “2/ Without these criteria, you may only ever have people saying ‘it’s only a model,’ even as its previous price predictions fail to materialize. In that case, you may as well say ‘number go up.’ Here are the criteria from the founder himself. It gives s2f another year…”
We recommend that you check out the complete thread in order to learn everything that he had to say.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.