Wall Street Money Mountain ‘Lining Up’
The latest in a cluster of buoyant forecasts for the Bitcoin price to surface in recent weeks, Meyer tipped fellow analyst Tone Vays for suggestions on what to expect over the next eleven-and-a-half months.
$115,000, despite being a theoretical possibility based on previous behavioral cycles, would be “very overvalued,” Mayer adds.
“Current (Bitcoin) run very similar to Jan-Mar 2013 run ($7->$266->$90; $700-$20k->$9k) with backlogged new accounts, etc. then Silk Road catalyst (salable supply shock) for $100->$1,200. Mountain of (Wall Street) money lining up,” he wrote in accompanying comments…