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Analyst: Model predicting Bitcoin will hit $288k is no better than “moon cycles” Analyst: Model predicting Bitcoin will hit $288k is no better than “moon cycles”
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Analyst: Model predicting Bitcoin will hit $288k is no better than “moon cycles”

To most, Bitcoin’s rally from literal irrelevance to becoming one of the most valuable assets in the world is hard to explain.

Analyst: Model predicting Bitcoin will hit $288k is no better than “moon cycles”

Cover art/illustration via CryptoSlate

To most, Bitcoin’s rally from literal irrelevance to becoming one of the most valuable assets in the world is hard to explain.

The critics say that the value of the cryptocurrency is entirely based on speculation by foolish retail investors willing to buy into what they think is a Ponzi scheme.

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