BTC projection vs GOLD
This is a fundamental projection, and this has little to no technical analysis. I believe BTC to be a logarithmic asset. You will notice that my estimation follows the regression line of many popular projections based on BTC's logarithmic chart. I believe the total crypto market will reach at least 45% of gold's market cap, due to the influx of institutional money. This would only be a 6x growth in market cap for BTC. Traditionally, after BTC peaks, the money floods out into the altcoins, while adding more money to the market. That is why I used the total market cap recorded on Dec 17, 2017, rather than the peak market cap of cryptocurrency. The ratio between BTC's market cap & the total market cap is set at 48% for this projection. I assume BTC's market cap will drop to 25% of the total market cap, shortly after BTC reaches its final ATH for this bull run, however I am projecting BTC's ATH, nothing else.
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