Coin Bureau: BTC will rise

Said on Aug 12, 2024, at 14:16 in the video.

What was said
Coin Bureau

@coinbureau

“It also highlights the possibility that last week's flash crash below 50k was the local low before the final blow-off top phase of the bull market.”
Watch at 14:16Crypto News: Bitcoin, ETH FUD, Price Predictions, SUI, HNT & MORE!
PredictionBTCwill riseChecked at fixed windows, from 30 days to 5 years
What happenedafter 1 year
Correct

Entry price (first close after the video)

$59,347

Aug 12, 2024

Price at close

$120,134

Aug 12, 2025

Return

+102.4%

S&P 500 +22.0%

BTC closed at $59,347 on Aug 12, 2024. On Aug 12, 2025 it closed at $120,134, a return of +102.4%. SPY returned +22.0% over the same window. The call was that it would rise.

30 days

Incorrect

90 days

Correct

180 days

Correct

1 year

Correct

The window it was checked over

BTCWindow checked
$40,000$60,000$80,000$100,000$120,000$140,000Feb 2024Jun 2024Oct 2024Feb 2025Jun 2025Oct 2025Said on Aug 12, 2024
$40,000$60,000$80,000$100,000$120,000$140,000Feb 2024Sep 2024Mar 2025Oct 2025Said on Aug 12, 2024

BTC closing prices, adjusted for splits. The shaded span is the one-year window: it starts at the first close after the video went public and ends at the last close on or before one year after the day the video was published.

Result at every window

All windows are shown, so none is picked
Result at every window
WindowResultAt the startAt the endChangeBenchmark
30 daysR-DIR v4Incorrect$59,347Aug 12, 2024$57,338Sep 11, 2024−3.4%S&P 500 +4.0%
90 daysR-DIR v4Correct$59,347Aug 12, 2024$80,370Nov 10, 2024+35.4%S&P 500 +12.5%
180 daysR-DIR v4Correct$59,347Aug 12, 2024$96,445Feb 8, 2025+62.5%S&P 500 +13.4%
1 yearR-DIR v4Correct$59,347Aug 12, 2024$120,134Aug 12, 2025+102.4%S&P 500 +22.0%
3 yearsR-DIR v4Pending——Aug 12, 2027——
5 yearsR-DIR v4Pending——Aug 11, 2029——
Why: 30 days

BTC closed at $59,347 on Aug 12, 2024. On Sep 11, 2024 it closed at $57,338, a return of −3.4%. SPY returned +4.0% over the same window. The call was that it would rise.

Why: 90 days

BTC closed at $59,347 on Aug 12, 2024. On Nov 10, 2024 it closed at $80,370, a return of +35.4%. SPY returned +12.5% over the same window. The call was that it would rise.

Why: 180 days

BTC closed at $59,347 on Aug 12, 2024. On Feb 8, 2025 it closed at $96,445, a return of +62.5%. SPY returned +13.4% over the same window. The call was that it would rise.

Why: 1 year

BTC closed at $59,347 on Aug 12, 2024. On Aug 12, 2025 it closed at $120,134, a return of +102.4%. SPY returned +22.0% over the same window. The call was that it would rise.

Why: 3 years

Not yet resolved. The window closes Aug 12, 2027.

Why: 5 years

Not yet resolved. The window closes Aug 11, 2029.

What was said around it

strengthening the yen too much. As a fun fact, it's believed that the BOJ purposely forced the unwind of the carry trade to strengthen the yen, which has lost 50% of its value in the last few years. Although this may not have been the intention, the outcome speaks for itself. The yen is back within a somewhat normal range against the dollar. Now, the key takeaway here is that the bulk of the yen-related volatility seems to be over. This means we won't have to worry about another BTC flash crash below 50k for the foreseeable future. It also highlights the possibility that last week's flash crash below 50k was the local low before the final blow-off top phase of the bull market. And with all that said, it's about time we looked at last week's top performing cryptos. So, last week's top performing cryptos were Sui, Zcash, Helium, BitDAO, and Akash Network. So, starting with Sui, it appears to have pumped on the news that Grayscale had launched a Sui trust. For context, Grayscale trusts are analogous to ETFs, and its Bitcoin and Ethereum trusts have since been converted into actual ETFs. Naturally, investors are assuming Sui will follow a similar path. Now, Sui is currently struggling to get above

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.

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