Jay Gould
Building · commentator
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Resolved (2)
- ✓
Bitcoin will not hit new all-time highs — a $1 bet against Jeff's scenario of a 2022 bear-market rally running toward the prior ~$69k high (the episode's earlier 'all time high this summer' thread).
“I’m going to bet you here, Jeff, I’m going to bet you a dollar that we’re not hitting all time highs.”
BTC's high was $32,384, stayed at/below $69,000 (through 2022-12-31).
- ✗
Bitcoin will not actually trade down to $20k — front-running buyers will step in before it gets that low.
“I don’t think it’ll ever get that low because I think people will just start coming in trying to front run it, but you’re right, it’ll probably intend to get that low”
BTC fell to $15,460 in [2022-03-23..2024-03-23], below the $20,000 floor.