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Bitcoin’s 2023‑24 rally missed the 150 k target, but the asset’s small size still leaves huge upside potential
  • The peak of the cycle was only 126 k, well below the 150 k level Lyn Alden warned would be disappointing.
  • Bitcoin’s market cap is still modest compared with gold and silver, meaning price moves can be outsized.
  • Small‑cap dynamics historically allow large percentage swings, as seen when gold and silver moved sharply despite their massive markets.
  • The disappointment is real, but the upside remains because the asset is far from saturated.
  • Future upside will depend on new narratives and broader adoption rather than pure price momentum.
Lyn AldenNatalie Brunell00:00:01

Supporting quotes

I think this has been a disappointing cycle, but I'd like to think that Bitcoin can still go up quite a bit. Lyn Alden
Bitcoin is a fairly small asset. Lyn Alden

From this concept

Disappointing Cycle, Still Upside

The most recent Bitcoin rally failed to meet lofty expectations, stopping well below the 150 k level many analysts had penciled in. Yet, because Bitcoin remains a tiny asset class, its price can still swing dramatically, much like gold and silver have done in the past. The weak bull market and muted retail participation were the primary brakes on price.

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