Part 13/18:
An important clarification is made regarding the confusion over specific price targets like $500,000. The speaker emphasizes that the stock-to-flow model—often misinterpreted—projected a possible price in the hundreds of thousands, but even missed the target by about 33% last cycle. When considering conservative scenarios and margin of error, a $239,000 figure remains within plausible range based on historical data.
Current analyses suggest that even with variations, the overall trend points toward much higher levels, supported by on-chain fundamentals, macroeconomic environment, and network security metrics.