Key Points / To The Moon
“Moon” in mainstream media
October 2020 Forbes article analysing Paypal’s Bitcoin strategy casually mentions the expectation of the “moon”:
Think about it. If you think that the value of a bitcoin is going to the moon (and will be worth $1 million each within five years, as this former Goldman Sachs GS hedge fund person has just predicted) then why would you waste even a tiny fraction of a bitcoin buying a pizza or a Pez dispenser?
Beware of The “ToTheMoonGuy”
There is an old (still active!) reddit account
u/tothemoonguy whom redditors page when they asre feeling like the crypto markets just launched and will rise and rise forever.
The legend has it the top is near once
u/tothemoonguy gets gilded.
What is the moon for crypto?
According to MoonMath, the “moon” for crypto traders seems to be on the level of seven figures USD per 1 BTC.
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An indepth look at To The Moon is here.