After shaking off the worst selloff in months without a scratch, the current Bitcoin uptrend seems completely unstoppable. Despite the incredible momentum that took the cryptocurrency from $10,000 to $40,00o in a flash, the creator of the world’s most cited valuation model says the asset has yet to reach the “point of no return.” When that happens, the real parabolic advance will unfold.
Here’s what to expect from Bitcoin when it enters the final phase of its bull run later this year.
Plan B: Bitcoin Rally Heats Up, But Hasn’t Reached “The Point Of No Return”
Bitcoin fever is hotter than ever, now the topic of interest of top economists, institutional investors, and hedge fund managers. After writing it off as just a fad, Wall Street and the wealthy are finally beginning to hold the digitally scarce asset.
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The sudden surge of demand coupled with diminishing supply,