Also the GBTC with that discount that other companies took advantage of. When the premium went negative, that's when things hit the fan.
If it wasn't for that and FTX, we might have been close to or exceeded 100k
His model was ridiculed and he humiliated himself? Come back to reality. He made an educated guess on something wildly unpredictable and he guessed wrong. No big deal, there's no shame attached to that.
I once called him out for using a log scale as it basically made the variance of his future predictions infinite once btc moves past $100K. Got ripped by his minions.
Funny thing is it's more likely he's gonna be wrong still. Personally don't think BTC hits 100k this cycle either. It's at the end of a 15 year bull run that was probably the greatest bull run any asset has ever had.
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