Days remaining until New Year’s, 2021: 1,114
Yesterday’s Bitcoin Price: $17,326
Current Price of Bitcoin: $16,261
Yesterday’s magic number: $881.32 per day.
That is, the price of Bitcoin must rise this much on average every day to reach $1 million by January 1, 2021.
Today’s magic number: $883.07
Uh oh? Is that a bubble bursting? The magic number is going in the wrong direction for the second day in a row. Worse, today the price of bitcoin is actually down a significant amount from yesterday. Order up some Grey Poupon!