Bitcoin's Next Major Target + BTC vs. Gold
First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. I may or may not have a conflict of interest. That being said, let me get into a few insights. The next target Bitcoin needs to hit within two weeks if it wants to near the 
12K price by July is 10.5k. This will be the threshold target that needs to pass the resistance for it to continue a bullish temporary positive retracement. I also think for a long, there is a possibility Bitcoin could surpass its nearly 20k high within 24 months if it continues gaining momentum. If it meets the July target, then it could potentially surpass the 20k benchmark within 12 to 18 months. Compared to tangible assets such as Gold, the logarithmic curve for BTC is at a higher growth scale. Many traditionalist think BTC has no value because of tangibility. However, cryptography and math are the values of the future, and BTC is ahead of the curve of traditional asset classes. That being said, when looking at financial experts such as the legendary Warren Buffet or even Peter Schiff, they are alot smarter than me in the financial world when it comes to a variety of things. This includes financial modeling and economic/geopolitical forecasting. My risk averseness though is likely that of a Quant compared to a traditional investor (Quants prefer growth over stability). Buffet and Schiff are like old-schoolers of Wall Street. Sometimes people are historically wrong. I think for Buffet and Schiff, if BTC keeps gaining momentum and my hunch is right, they may have been on the wrong side of history. Hopefully for them, it wouldn't be another Steve Ballmer iPhone moment. Overall, I'm trying to look at Bitcoin through the lenses of an asset class.
12K price by July is 10.5k. This will be the threshold target that needs to pass the resistance for it to continue a bullish temporary positive retracement. I also think for a long, there is a possibility Bitcoin could surpass its nearly 20k high within 24 months if it continues gaining momentum. If it meets the July target, then it could potentially surpass the 20k benchmark within 12 to 18 months. Compared to tangible assets such as Gold, the logarithmic curve for BTC is at a higher growth scale. Many traditionalist think BTC has no value because of tangibility. However, cryptography and math are the values of the future, and BTC is ahead of the curve of traditional asset classes. That being said, when looking at financial experts such as the legendary Warren Buffet or even Peter Schiff, they are alot smarter than me in the financial world when it comes to a variety of things. This includes financial modeling and economic/geopolitical forecasting. My risk averseness though is likely that of a Quant compared to a traditional investor (Quants prefer growth over stability). Buffet and Schiff are like old-schoolers of Wall Street. Sometimes people are historically wrong. I think for Buffet and Schiff, if BTC keeps gaining momentum and my hunch is right, they may have been on the wrong side of history. Hopefully for them, it wouldn't be another Steve Ballmer iPhone moment. Overall, I'm trying to look at Bitcoin through the lenses of an asset class.
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