BTC to go 5x from here? It would if it copied gold...
When gold got an ETF, the price went up 5x shortly after
The price of bitcoin could go up significantly from here if it follows what the price of gold did.
The price of gold went up roughly 5x shortly after it got an ETF.
Check it out:
(Source: https://twitter.com/BTC_Archive/status/1448947974004936708/photo/1)
Ironically the charts look similar as well.
Bitcoin hasn't even made a new all time high yet.