The popular saying amongst many LINK marines is "1,000 LINK EOY." Of course, we generally do not get bogged down in the details of the year in which we are referring. In this video, we take a more pragmatic approach and investigate if a $1,000 LINK is even theoretically possible this market cycle. To investigate this, we focus on the LINK/BTC valuation over the macro-scale and try to better understand where Bitcoin is headed. If we can better grasp where Bitcoin may be headed over the next few years, and also identify the general trend that LINK is in against BTC, then using simple stoichiometry we can come with a crude approximation to a future LINK price in USD. Remember this video does not show anything regarding what I think will happen, because what I think does not matter. We stick with the data and go where it takes us and no where else. Let me know what you guys think of this type of analysis in the comments below! TA Video by Benjamin Cowen.
