If we look at the Bitcoin chart. It has a long term tend up. This is just like the SP500 which always moves up on the long term trend for the last 100 years. There is just pull backs during the recession and then it continues the trend up.
Bitcoin follows SP500 for the most part. So if we have a sell off in stocks due to recession, we could see the same for Bitcoin down to 8 to 9k. Then it would resume the long term trend up. I can understand why Cathy woods has 1 mil bitcoin prices over the long term because - the trend is always up over the long term and the chart shows this as well.
Bitcoin follows SP500 for the most part. So if we have a sell off in stocks due to recession, we could see the same for Bitcoin down to 8 to 9k. Then it would resume the long term trend up. I can understand why Cathy woods has 1 mil bitcoin prices over the long term because - the trend is always up over the long term and the chart shows this as well.