This Is Why I'm So Bullish On Bitcoin...The Goal To One Bitcoin - Part 2

Based on my recent assessment of the equity markets, I'm starting to turn more and more of my attention to crypto. After Apple fell from $135 to a little over $100, in which I saw my 300% profits on paper dwindle down to 100% before getting out of the trade, a light bulb lit up in my head. From that moment I decided to switch my focus from equities to cryptos because the future potential rewards to risk ratio was out of this world.

Three weeks ago, I bought a 2014 Nissan Maxima.

Two years ago I put a side $1500 to put towards my down payment. However, right as I was signing the paperwork, I decided not to put any down payment, I decided to finance the entire purchase of the car price

and I decided to put that $1500 towards purchasing Bitcoin. So with the latest purchase in Bitcoin, I'm now less than 0.5 Bitcoin before I can say I'm in the 1% club.

This decision was one of the easiest decisions I ever made, despite the price of Bitcoin never going below $11k ever 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.”

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 of $3,500 — the actual price on Dec. 31 was $3,782, a difference of only 7%. Peterson also predicted a mid-range estimate of $7,000 for the end of 2019. The recorded price of Bitcoin was $7,243 on that day.

The goal is to be at 1 Bitcoin before the end of the year. Thus, the journey continues up Mt. Bitcoin...or is that Mt Gox Bitcoin.

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