Three Arrows Capital co-founder Su Zhu has admitted that his “supercycle” price thesis and projection that bitcoin could hit $2.5 million hasn’t played out as expected.
"និក្ខេបបទតម្លៃម៉ូតូទំនើបគឺខុសគួរឱ្យសោកស្តាយ ប៉ុន្តែគ្រីបតូនឹងនៅតែរីកចម្រើន និងផ្លាស់ប្តូរពិភពលោកជារៀងរាល់ថ្ងៃ,” គាត់ បាននិយាយថា: នៅលើ Twitter ថ្ងៃនេះ។
The supercycle was an idea pushed by Zhu that suggested the crypto market would gradually rise during this market cycle, avoiding a sustained bear market.
In an interview on the UpOnly podcast in February 2021, Zhu suggested that bitcoin’s price could go as high as $2.5 million per coin. That’s if bitcoin were to capture the same market value as gold.
Yet bitcoin’s price has fallen from about $50,000 when that interview was broadcast to below $30,000. During that time, the total crypto market cap has declined from $2.8 trillion to $1.2 trillion, while prices of various crypto assets — including non-fungible tokens (NFTs) and metaverse land — have also swung dramatically.
សម្រាប់រឿងរ៉ាវបែកបាក់ជាច្រើនទៀតសូមប្រាកដថាធ្វើតាម The Block on Twitter.
Source: https://www.theblockcrypto.com/linked/149111/su-zhu-says-his-supercycle-price-thesis-was-regrettably-wrong?utm_source=rss&utm_medium=rss