1 months ago
River’s $840,000 Bitcoin projection draws scrutiny over its assumptions
River has published a report projecting that Bitcoin could reach $840,000 in five years and urging investors to allocate 10% of their assets to BTC. The report starts from low adoption, projects future advisor participation, and applies a market-flow multiplier to estimate price. But the article by Liu Jielian argues that the model is only partly convincing: the multiplier has been falling across cycles, the framework assumes existing holders will not sell, and the asset base used in the calculation is only a static snapshot. Even so, the piece says River captures the core scarcity thesis well. Bitcoin’s supply is fixed in code, and any rise in demand must ultimately be absorbed by price.
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