Here's why:
Historically, the average return for Bitcoin in Q4 is 88%.
If we see an 88% gain in Q4, it would take Bitcoin close to $120,000.
Even if we get a 55% move upward (like we saw last year), it could take Bitcoin to $100,000.
But last year, we didn't have:
- Bitcoin ETFs
- Rate cuts
- Elections
- FTX's $16B cash repayments
We have all these catalysts this year. Just imagine what could happen.