Coin Bureau: BTC will rise

Said on Mar 6, 2024, at 4:04 in the video.

What was said
Coin Bureau

@coinbureau

“even though these allocations are likely to be small in percentage terms in dollar terms they could be enough to perpetually push up btc's price”
Watch at 4:04Crypto Market Update: What’s Next For BITCOIN & Altcoins?!
PredictionBTCwill riseChecked at fixed windows, from 30 days to 5 years
What happenedafter 1 year
Correct

Entry price (first close after the video)

$66,074

Mar 6, 2024

Price at close

$89,932

Mar 6, 2025

Return

+36.1%

S&P 500 +13.8%

BTC closed at $66,074 on Mar 6, 2024. On Mar 6, 2025 it closed at $89,932, a return of +36.1%. SPY returned +13.8% over the same window. The call was that it would rise.

30 days

Correct

90 days

Correct

180 days

Incorrect

1 year

Correct

The window it was checked over

BTCWindow checked
$20,000$40,000$60,000$80,000$100,000$120,000Sep 2023Jan 2024May 2024Sep 2024Jan 2025May 2025Said on Mar 6, 2024
$20,000$40,000$60,000$80,000$100,000$120,000Sep 2023Mar 2024Oct 2024May 2025Said on Mar 6, 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 v4Correct$66,074Mar 6, 2024$67,821Apr 5, 2024+2.6%S&P 500 +2.0%
90 daysR-DIR v4Correct$66,074Mar 6, 2024$70,538Jun 4, 2024+6.8%S&P 500 +4.0%
180 daysR-DIR v4Incorrect$66,074Mar 6, 2024$59,132Sep 2, 2024−10.5%S&P 500 +11.3%
1 yearR-DIR v4Correct$66,074Mar 6, 2024$89,932Mar 6, 2025+36.1%S&P 500 +13.8%
3 yearsR-DIR v4Pending——Mar 6, 2027——
5 yearsR-DIR v4Pending——Mar 5, 2029——
Why: 30 days

BTC closed at $66,074 on Mar 6, 2024. On Apr 5, 2024 it closed at $67,821, a return of +2.6%. SPY returned +2.0% over the same window. The call was that it would rise.

Why: 90 days

BTC closed at $66,074 on Mar 6, 2024. On Jun 4, 2024 it closed at $70,538, a return of +6.8%. SPY returned +4.0% over the same window. The call was that it would rise.

Why: 180 days

BTC closed at $66,074 on Mar 6, 2024. On Sep 2, 2024 it closed at $59,132, a return of −10.5%. SPY returned +11.3% over the same window. The call was that it would rise.

Why: 1 year

BTC closed at $66,074 on Mar 6, 2024. On Mar 6, 2025 it closed at $89,932, a return of +36.1%. SPY returned +13.8% over the same window. The call was that it would rise.

Why: 3 years

Not yet resolved. The window closes Mar 6, 2027.

Why: 5 years

Not yet resolved. The window closes Mar 5, 2029.

What was said around it

foreseeable future and of course that will be positive for BTC and this ties into the second reason why BTC could continue to go up only and that's passive flows now if you've been keeping up with our weekly crypto reviews you'll know that most trafi investing is done in a passive manner put simply trafi institutions will automatically buy assets as part of their allocations as such it's likely that some trafi institutions will include the spot Bitcoin ETFs as part of their automated allocations now that they're available even though these allocations are likely to be small in percentage terms in dollar terms they could be enough to perpetually push up btc's price that's because of the third reason why BTC could continue to go up only and that's the restrictions around its Supply according to Glass node only around 11% of btc's Supply is current ly on exchanges to all intents and purposes that's the only tradable BTC available the rest is being huddled in wallets that stands for holding on for dear life by the way now consider that the spot Bitcoin ETFs have gobbled up 1 million BTC in Just 2 months even when you factor in the BTC being produced every day by Bitcoin miners there is

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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