Robert Breedlove
Resolved (2)
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Bitcoin appears to be near a cycle bottom / on the cusp of a bull market: miner breakeven cost data (which 'accurately identified six bottoms between 2016 and 2024') is signalling another bottom, implying a Bitcoin price increase could be imminent. 'In a rational economy, assets rarely trade below their cost of production.'
“In a rational economy, assets rarely trade below their cost of production.”
Called a near cycle bottom / imminent rise from 96,930 on 2025-05-02; BTC instead fell to 58,000 and trades at 58,161 now — no bottom held, opposite of the directional call.
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Bitcoin could break $300,000 in this market cycle — '$307,000 to be exact' — reaching a new all-time high around mid-October 2021 (roughly 510 days after the 2020 halving).
“Historically, roughly 510 days after the halving event, the market tends to put in a new all-time high price. That would put us around mid-October.”
BTC's high was only $66,999 through the 2021-10-31 horizon; never reached $307,000.
Open (1)
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Bitcoin will be nominally valued at $12.5 million per coin by the end of the decade (by 2031), equivalent to about $1 million in 2021 purchasing power, driven by exponential M2 money-supply expansion / USD debasement.
“Bitcoin will actually be nominally valued at $12.5 million US by the end of the decade.”
Not reached yet (high $126,296 since 2021-05-21); 2031-12-31 horizon not passed as of 2026-07-01.