David Puell
Resolved (2)
- ✓
We're more or less anticipating $104,000 to $124,000 price targets by end of year. (BTC year-end 2024 target, based on bitcoin's historical performance multiple potentially reaching 2.48x to 2.94x by December's end.)
“We're more or less anticipating $104,000 to $124,000 price targets by end of year”
BTC traded as high as $108,389 in [2024-11-28..2024-12-31], reaching the $104,000 target.
- ◐
On how far through the bull cycle Bitcoin was as of late Nov 2024: 'If you're measuring bottom to top, I would say we're at about 55% to 65% of the way there' — a 'sort of middle of the bull.'
“If you're measuring bottom to top, I would say we're at about 55% to 65% of the way there”
Called 'middle of the bull' (55–65%) at $95,666; some upside followed to the $126,296 top (~72% bottom-to-top), so more along than stated, then crashed — mixed.
Open (2)
- ⏳
Even if the US government did nothing more on Bitcoin, Bitcoin will continue monetizing and be worth a lot more in about 10 years.
“the U S government never said the word Bitcoin again, never did anything relating to Bitcoin again. Uh, like Bitcoin is still going to go to, you know, uh, uh, it's still going to kind of continue on its monetization. Like, I think that is ... a safe bet to make that in 10 years, uh, Bitcoin will be a lot more”
10-year monetization thesis with deadline 2036; window open, undetermined.
- ⏳
ARK Invest 2030 BTC valuation model (authored/presented by Puell): bear case $500,000, base case $1.2 million, bull case $2.4 million by 2030.
“We believe that this more experimental exercise highlights that Bitcoin's scarcity and lost supply are not reflected in most valuation models today.”
Not reached yet (high $126,296 since 2025-04-25); 2030-12-31 horizon not passed as of 2026-07-01.