Bitcoin (BTC) Price Surges to $40K Again, Cryptocurrency Market Cap Back to $1T


— Pomp 🌪 (@APompliano) January 14, 2021

 Meanwhile,  Another investor, Plan B commented that the stock-to-flow BTC price model showed it should reach the point of no return, and gain more value.

Plan B stated, “Bitcoin $38k is nice, but I am still waiting for that larger monthly jump that usually marks the phase transition / the point of no return (red arrows).”

On the other hand, major financial firms were skeptical about Bitcoin’s price, like Guggenheim’s Scott Minerd who said Bitcoin is unsustainable and urged investors to sell it. However, many Bitcoiners said that Minerd’s tweet is intended to mislead new investors and lure them to sell so that Guggenheim can buy the cryptocurrency at a low price.