{"id":275364,"date":"2020-10-14T09:17:00","date_gmt":"2020-10-14T13:17:00","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=275364"},"modified":"2020-10-14T09:17:00","modified_gmt":"2020-10-14T13:17:00","slug":"timothy-peterson-says-90-probability-of-btc-never-going-under-11k-again","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/timothy-peterson-says-90-probability-of-btc-never-going-under-11k-again","title":{"rendered":"Timothy Peterson Says 90% Probability Of BTC Never Going Under $11K Again"},"content":{"rendered":"

Timothy Peterson stands as the Global Macro Manager at Cane Island Alternative Advisors, and is the author of the valuation model for Bitcoin, based on Metcalfe\u2019s Law. In a recent series of tweets, Peterson speculated that Bitcoin would be valued at around $12,000 by November\u2019s end, with the price reaching $1 million per BTC<\/a> within the time of a decade.<\/p>\n

\u201cLast Time To Buy BTC At X Price\u201d<\/strong><\/h2>\n

This twitter thread was published on the 11th of October, with Peterson stating that Bitcoin has a 90% probability of never again going below $11,000 in value.<\/p>\n

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6\/10 On November 30th, 2020, #Bitcoin<\/a>'s price will be at or above $12,000 (90% probability). Write it down, screenshot it, whatever. I don't care if you believe me or not. pic.twitter.com\/EpmDdAPu2T<\/a><\/p>\n

— Timothy Peterson (@nsquaredvalue) October 11, 2020<\/a><\/p><\/blockquote>\n