{"id":455587,"date":"2021-01-30T01:00:49","date_gmt":"2021-01-30T01:00:49","guid":{"rendered":"https:\/\/uniquehot.com\/?p=455587"},"modified":"2024-06-11T09:54:02","modified_gmt":"2024-06-11T09:54:02","slug":"gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/","title":{"rendered":"GMI Model Estimates Bitcoin Fair Value At $300K By October 2021"},"content":{"rendered":"

Bitcoin price has held on tightly to support at $30,000<\/a>, and according to Raoul Pal’s Global Macro Investor Report, the leading cryptocurrency by market cap could 10x from there by October 2021.<\/p>\n

GMI’s model uses Metcalfe Value to make the prediction, and currently suggests the cryptocurrency is severally undervalued. Could that lofty target be only nine months away? Here’s what past market cycles say about the estimate.<\/p>\n

Raoul Pal’s GMI Report Calls For $300K BTC Before The End of 2021<\/h2>\n

Raoul Pal has decades of global macro investing experience. He’s regularly been outspoke about Bitcoin and its long term value proposition. The GMI founder was particularly vocal about the cryptocurrenc<\/a>y prior to the breakout in Q4 2020.<\/p>\n

Valuations have only increased from there,<\/a> and significantly so. However, according to a recent model from a GMI Report focusing on Metcalfe Value, things are only warming up.<\/p>\n

Related Reading | Bitcoin Trend Strength Suggests No End In Sight, Second Most Powerful Historically<\/a><\/strong><\/em><\/p>\n

The chart includes the GMI Model Metcalfe Value<\/a> and its proximity to Bitcoin price. The “value” has acted as a sort of middle-point for the cryptocurrency’s valuation.<\/p>\n

\"gmi<\/p>\n

A chart created by Global Macro Investor shows the path to $300K per BTC | Source: GMI Report<\/a><\/pre>\n
Currently, Bitcoin is tracing significantly below its Metcalfe Value<\/a>, according to the report. Past instances of Bitcoin bull markets have always risen beyond the Metcalfe Value, but simply catching up in this case would take the cryptocurrency to a $300,000 per BTC by October 2021.<\/p>\n
Trajectory Matches Target, But Metcalfe’s Value Could Suggest More Is Possible<\/h2>\n
The project does indeed line up with predictions from other analysts, firms, and more. Even taking the exact trajectory of the last cycle<\/a>, and super imposing it over the current cycle would indicate a peak of around $325,000 per BTC.<\/p>\n
Related Reading | Robinhood Reminder: Not Your Keys, Not Your Bitcoin<\/a><\/em><\/strong><\/p>\n
However, if the Metcalfe Value truly is accurate, and the cryptocurrency is this accurate, $300,000 as the ceiling is an extremely cautious estimate. Again, past instances of the bull market peaks have always risen beyond \u00a0the Metcalfe Value according to the GMI Report chart.<\/p>\n
\"bitcoin<\/p>\n
The trajectory from the last cycle matches GMI's estimate | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Prices around where previous peaks reached beyond the value, would put the price of each Bitcoin somewhere near $1 million apiece.<\/p>\n
If that’s the case, buying at any point over the next nine months could be the greatest opportunity of our lifetimes. However, other attempts to assign a fair market value to the crypto asset using Metcalfe’s Law, have much lower estimates.<\/p>\n
Featured image from Deposit Photos, Charts from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price has held on tightly to support at $30,000, and according to Raoul Pal’s Global Macro Investor Report, the leading cryptocurrency by market cap could 10x from there by October 2021. GMI’s model uses Metcalfe Value to make the prediction, and currently suggests the cryptocurrency is severally undervalued. Could that lofty target be only nine months away? Here’s what past market cycles say about the estimate. Raoul Pal’s GMI Report Calls For $300K BTC Before The End of 2021 Raoul Pal has decades of global macro investing experience. He’s regularly been outspoke about Bitcoin and its long term value proposition. The GMI founder was particularly vocal about the cryptocurrency prior to the breakout in Q4 2020. Valuations have only increased from there, and significantly so. However, according to a recent model from a GMI Report focusing on Metcalfe Value, things are only warming up. Related Reading | Bitcoin Trend Strength Suggests No End In Sight, Second Most Powerful Historically The chart includes the GMI Model Metcalfe Value and its proximity to Bitcoin price. The “value” has acted as a sort of middle-point for the cryptocurrency’s valuation. A chart created by Global Macro Investor shows the path to $300K per BTC | Source: GMI Report Currently, Bitcoin is tracing significantly below its Metcalfe Value, according to the report. Past instances of Bitcoin bull markets have always risen beyond the Metcalfe Value, but simply catching up in this case would take the cryptocurrency to a $300,000 per BTC by October 2021. Trajectory Matches Target, But Metcalfe’s Value Could Suggest More Is Possible The project does indeed line up with predictions from other analysts, firms, and more. Even taking the exact trajectory of the last cycle, and super imposing it over the current cycle would indicate a peak of around $325,000 per BTC. Related Reading | Robinhood Reminder: Not Your Keys, Not Your Bitcoin However, if the Metcalfe Value truly is accurate, and the cryptocurrency is this accurate, $300,000 as the ceiling is an extremely cautious estimate. Again, past instances of the bull market peaks have always risen beyond \u00a0the Metcalfe Value according to the GMI Report chart. The trajectory from the last cycle matches GMI’s estimate | Source: BTCUSD on TradingView.com Prices around where previous peaks reached beyond the value, would put the price of each Bitcoin somewhere near $1 million apiece. If that’s the case, buying at any point over the next nine months could be the greatest opportunity of our lifetimes. However, other attempts to assign a fair market value to the crypto asset using Metcalfe’s Law, have much lower estimates. Featured image from Deposit Photos, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":455591,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,78790,6664,4524,76835],"class_list":["post-455587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-crypto","tag-xbt","tag-xbtusd"],"acf":[],"yoast_head":"\nGMI Model Estimates Bitcoin Fair Value At $300K By October 2021<\/title>\n<meta name=\"description\" content=\"Bitcoin price has held on tightly to support at $30,000, and according to Raoul Pal's Global Macro Investor Report, the leading cryptocurrency by market\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GMI Model Estimates Bitcoin Fair Value At $300K By October 2021\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price has held on tightly to support at $30,000, and according to Raoul Pal's Global Macro Investor Report, the leading cryptocurrency by market\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-30T01:00:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T09:54:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/01\/bitcoin-moon-crypto-Depositphotos_64431303_xl-2015-scaled.jpg?fit=2560%2C2494\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"2494\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony "The Bull" Severino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/tonythebullBTC\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tony "The Bull" Severino\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/\"},\"author\":{\"name\":\"Tony \\\"The Bull\\\" Severino\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\"},\"headline\":\"GMI Model Estimates Bitcoin Fair Value At $300K By October 2021\",\"datePublished\":\"2021-01-30T01:00:49+00:00\",\"dateModified\":\"2024-06-11T09:54:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/\"},\"wordCount\":408,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/01\/bitcoin-moon-crypto-Depositphotos_64431303_xl-2015-scaled.jpg?fit=2560%2C2494\",\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"BTCUSDT\",\"crypto\",\"xbt\",\"xbtusd\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/\",\"url\":\"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/\",\"name\":\"GMI Model Estimates Bitcoin Fair Value At $300K By October 2021\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/01\/bitcoin-moon-crypto-Depositphotos_64431303_xl-2015-scaled.jpg?fit=2560%2C2494\",\"datePublished\":\"2021-01-30T01:00:49+00:00\",\"dateModified\":\"2024-06-11T09:54:02+00:00\",\"description\":\"Bitcoin price has held on tightly to support at $30,000, and according to Raoul Pal's Global Macro Investor Report, the leading cryptocurrency by market\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/01\/bitcoin-moon-crypto-Depositphotos_64431303_xl-2015-scaled.jpg?fit=2560%2C2494\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/01\/bitcoin-moon-crypto-Depositphotos_64431303_xl-2015-scaled.jpg?fit=2560%2C2494\",\"width\":2560,\"height\":2494,\"caption\":\"bitcoin moon crypto\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GMI Model Estimates Bitcoin Fair Value At $300K By October 2021\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\",\"name\":\"Tony \\\"The Bull\\\" Severino\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"caption\":\"Tony \\\"The Bull\\\" Severino\"},\"description\":\"Tony \\\"The Bull\\\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.\",\"sameAs\":[\"https:\/\/coinchartist.io\/\",\"https:\/\/www.instagram.com\/coinchartist_io\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC\",\"https:\/\/www.youtube.com\/@coinchartist_io\"],\"url\":\"https:\/\/uniquehot.com\/author\/tonymspilotro\/\"}]}<\/script>\n","yoast_head_json":{"title":"GMI Model Estimates Bitcoin Fair Value At $300K By October 2021","description":"Bitcoin price has held on tightly to support at $30,000, and according to Raoul Pal's Global Macro Investor Report, the leading cryptocurrency by market","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/","og_locale":"en_US","og_type":"article","og_title":"GMI Model Estimates Bitcoin Fair Value At $300K By October 2021","og_description":"Bitcoin price has held on tightly to support at $30,000, and according to Raoul Pal's Global Macro Investor Report, the leading cryptocurrency by market","og_url":"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2021-01-30T01:00:49+00:00","article_modified_time":"2024-06-11T09:54:02+00:00","og_image":[{"width":2560,"height":2494,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/01\/bitcoin-moon-crypto-Depositphotos_64431303_xl-2015-scaled.jpg?fit=2560%2C2494","type":"image\/jpeg"}],"author":"Tony \"The Bull\" Severino","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/tonythebullBTC","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Tony \"The Bull\" Severino","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/"},"author":{"name":"Tony \"The Bull\" Severino","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d"},"headline":"GMI Model Estimates Bitcoin Fair Value At $300K By October 2021","datePublished":"2021-01-30T01:00:49+00:00","dateModified":"2024-06-11T09:54:02+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/"},"wordCount":408,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/01\/bitcoin-moon-crypto-Depositphotos_64431303_xl-2015-scaled.jpg?fit=2560%2C2494","keywords":["bitcoin","btc","btcusd","BTCUSDT","crypto","xbt","xbtusd"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/","url":"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/","name":"GMI Model Estimates Bitcoin Fair Value At $300K By October 2021","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/01\/bitcoin-moon-crypto-Depositphotos_64431303_xl-2015-scaled.jpg?fit=2560%2C2494","datePublished":"2021-01-30T01:00:49+00:00","dateModified":"2024-06-11T09:54:02+00:00","description":"Bitcoin price has held on tightly to support at $30,000, and according to Raoul Pal's Global Macro Investor Report, the leading cryptocurrency by market","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/01\/bitcoin-moon-crypto-Depositphotos_64431303_xl-2015-scaled.jpg?fit=2560%2C2494","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/01\/bitcoin-moon-crypto-Depositphotos_64431303_xl-2015-scaled.jpg?fit=2560%2C2494","width":2560,"height":2494,"caption":"bitcoin moon crypto"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"GMI Model Estimates Bitcoin Fair Value At $300K By October 2021"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d","name":"Tony \"The Bull\" Severino","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","caption":"Tony \"The Bull\" Severino"},"description":"Tony \"The Bull\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/uniquehot.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"GMI Model Estimates Bitcoin Fair Value At $300K By October 2021","url":"http:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/01\/bitcoin-moon-crypto-Depositphotos_64431303_xl-2015-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/01\/bitcoin-moon-crypto-Depositphotos_64431303_xl-2015-scaled.jpg?fit=2560%2C2494"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Tony \"The Bull\" Severino"}],"creator":["Tony \"The Bull\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","btcusdt","crypto","xbt","xbtusd"],"dateCreated":"2021-01-30T01:00:49Z","datePublished":"2021-01-30T01:00:49Z","dateModified":"2024-06-11T09:54:02Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"GMI Model Estimates Bitcoin Fair Value At $300K By October 2021\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/gmi-model-estimates-bitcoin-fair-value-at-300k-by-october-2021\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/01\\\/bitcoin-moon-crypto-Depositphotos_64431303_xl-2015-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/01\\\/bitcoin-moon-crypto-Depositphotos_64431303_xl-2015-scaled.jpg?fit=2560%2C2494\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"The Bull\\\" Severino\"}],\"creator\":[\"Tony \\\"The Bull\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"btcusdt\",\"crypto\",\"xbt\",\"xbtusd\"],\"dateCreated\":\"2021-01-30T01:00:49Z\",\"datePublished\":\"2021-01-30T01:00:49Z\",\"dateModified\":\"2024-06-11T09:54:02Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/01\/bitcoin-moon-crypto-Depositphotos_64431303_xl-2015-scaled.jpg?fit=2560%2C2494","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/455587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=455587"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/455587\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/455591"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=455587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=455587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=455587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}