Mining

Very often it's better to not listen to the news, or the hype of all the mad things happening in the world around us. Most of the time, it's better to just sit down and focus on the things that we can measure. So to a large extend we try to do that this week, although we must admit the the blue wave in the U.S. is probably the primary driver behind the strength we saw last week. It's very likely going to be the source of a whole lot more strength in the week ahead.

I have been rather vocal over the last few years on what my price target was for Bitcoin in December 2021. As some regular readers might remember, I had called for a price of $200k (yes, two hundred thousand Dollar) per Bitcoin. Clearly, I got that one wrong. It was a forecast made in 2018 and one that got rather close to being perfect, even though it was ultimately wrong. Let’s look at how I got Bitcoin wrong.