Bitcoin Soars to $100K Amid Pro-Crypto SEC Leadership

1 min read
Source: Financial Times
Bitcoin Soars to $100K Amid Pro-Crypto SEC Leadership
Photo: Financial Times
TL;DR Summary

Bitcoin has reached the $100,000 milestone, sparking discussions on its future valuation and market trends. Traditional valuation methods like Total Addressable Market, Stock-to-Flow, Metcalfe’s law, and Cost of Production are considered inadequate to capture the essence of this milestone. Instead, a humorous approach using tarot card readings suggests Bitcoin's past involved expansion, its present involves short-term gains and denial, and its future points towards institutionalization and steady progress.

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