I work in the finance world, the amount of “splurge” spending absolutely exploded during the covid lockdowns.Everyone and their brother was buying boats, RVs,UTVs, etc.The vacation they planned for two years was no more, no more going out to eat,cocktailing with friends,all gone
I might be wrong here but according to most financial analysts the 2021 run hit as high as it did because of the pandemic and the enormous stimulus package (as in printer going brrr, M2 money supply going woosh) that Americans (in particular) received.
Last cycle should've been 100k, but two worst case scenarios occurred, its amazing that btc did a 20x with all those circumstances involved. Next halvening wont have a global pandemic, and wont have that massive inflation spike, will be very interesting how it breaks through
"Dispite being so publicly wrong"", he predicted btc would go from 4k to 50k, however the 100k was a stretch because the "US Fed were hawkish". Btc could have went over 80-100k if it weren't for pandemic never happening nor inflation during 2020's halvening.
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