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/biz/ - Business & Finance

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56952631 No.56952631 [Reply] [Original]

Where are we going to top out in the next bull run and when?
100k would be 2.5x from here.
Even ignoring lost coins and taking the $800 billion market cap at face value, gold with $13 trillion is still over 15x. That seems a little imbalanced.
It's not just ETFs that are coming. Many tradfi banks are jumping on the bandwagon to offer crypto custody and trading as well. That increase in availability has to lead to some growth.
Decreasing interest rates for the elections will likely contribute as well.

>> No.56952691

>>56952631
Banks were doing that in 2021 but then decided not to bother anymore after bitcoin rugged at 69k

My bank was all pro crypto until November 2021 crash and then they decided to go full anti-crypto and have been anti-crypto ever since, making it hard to make deposits into crypto exchanges, putting limitations on it, etc: prior to 2021 there was no such issues with crypto and my bank

This is the number 1 bank in Australia btw

>> No.56952696

>>56952631
$100k is never gonna happen

>> No.56952699

>>56952691
Australia lmao. Imagine living in that shithole

>> No.56952738

>>56952691
In Switzerland a bunch of state-owned banks including the 4th largest of the country (PostFinance) are introducing crypto between now and spring 2024.
The largest German banks Deutsche Bank and Commerzbank recently obtained crypto custody licenses.
https://www.reuters.com/business/finance/deutsche-bank-hold-crypto-institutional-clients-2023-09-14/
Brazil's largest bank just did this too.
https://finance.yahoo.com/news/brazil-largest-bank-ita-unibanco-055356427.html
I know there are ways to downplay all of these individually, and I agree that the bear market didn't help, but it seems many tradfi players are going pro crypto again in anticipation of the next bull market.

>> No.56952873

>>56952631
not sure what to call it. last run people called 50k and we blew past to 70k which was taken down mainly by sbf shenanigans.

>> No.56953290

>>56952873
How about 150k then? In October 2025?

>> No.56953375

>>56952738
Cba and other aus banks have been offering crypto services for a while now but who wants to buy crypto through a bank at ridiculous prices with ridiculous fees that you can’t transfer out to your own wallet? The reason aus banks are putting holds on aud deposits to exchanges isn’t to keep customers within their crypto ecosystems though. It’s because they’re now being forced by the government to reimburse retards falling for crypto scams.

>> No.56953532

100K will be incredibly disappointing, especially considering 2021 was cut short by macro so we could've reached it 2 years ago.

$200K is fair, $300K is very bullish, $500K is 2017 all over again

>> No.56953553

>>56953532
Delusional moonboy, you spergs even know how is that liquidity going to manifest in order to reach such numbers or do you absolute mongrels just spout figures like a mantra?
>muh ETF
Not something you can rely
>muh retail
Normies are broke
>the banks will pump my bags
And them giga dump on you with no mercy

>> No.56953811

>>56953375
There has to be some amount of customers who don't care about all of those things you mentioned.
>ridiculous prices
Depends on how much you trade, likely irrelevant for many. And you're getting more convenience.
>withdraw to own wallet
Personal wallets are garbage in every way except for having your own keys. Many customers won't mind holding their crypto in the bank.
This thread is about price potential, not libertarian crypto visions btw.
>aus
Don't forget to take your booster shot btw.

>> No.56953886
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56953886

>>56952631
Read the alpha OP. I made a 3 weeks full force analysis using dexscreener and cmc on pattern movements, wallet deposits across all chains, whale accumulations and rate of buys and sells and the current trend is all accumulation. There are 77% more buyers across all chains than there were in 2021 which leads me to believe we are in need of one single event that sends ripples and starts the bullrun.

>> No.56954222

>>56953886
I like this. Top price and date prediction?