Move over S2F — Model creator says ‘90% chance’ BTC never dips below $11K again

Move over S2F — Model creator says ‘90% chance’ BTC never dips below $11K again


The author behind a valuation model for Bitcoin that’s based on Metcalfe’s Law says the crypto asset will likely be priced around $12,000 by the end of November and reach $1 million within a decade.

In an Oct. 11 Twitter thread, Timothy Peterson, Global Macro Manager at Cane Island Alternative Advisors, said there is “90% chance that Bitcoin will never again close below $11K.” Disclaimer: While he’s deadly serious, the prediction recalls the oft stated meme about the “last chance” to buy Bitcoin under $10K, which has frequently been proven wrong.

This might be the last chance to buy bitcoin under $10,000

— Mati Greenspan (tweets ≠ financial advice) (@MatiGreenspan) February 23, 2020

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However, the analyst claims his model, which he first devised in 2017, has been more or less accurate so far. Peterson claimed to have successfully predicted the end of year prices of the cryptocurrency in the past two years. For 2018, he predicted a price

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