I've seen a lot of charts pointing to massive numbers for BTC, but can it really happen?

It is all the rage to make wild price predictions about bitcoin over the years, and it seems that trend is back.

After McAfee walked back his wild claim, others are seemingly picking up the torch.

I see charts like this posted all over:

(Source: https://twitter.com/CalizMister/status/1275484831124729857)

Talking about how bitcoin could go to almost $300k during this next cycle if it were to behave similar to the last hype cycle.

However, will it really behave in a similar fashion?

The last rally was driven by retail flooding in all at once and Wall Street launching a derivatives product for the first time.

Plus we have the very likely possibility that Bitfinex and Tether played some shady games as well to prop up the price.

The market is very different now and just about everyone has heard of it now as well.

I am not sure there will be the rush from retail to purchase this time around, especially after most got burned last time.

I do think we still could see some very big moves from the current level, but I am just not sure about $300k within a couple years.

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