True analysts are predicting a price drop 2023/2024 before an increase again. Demand is going up much faster than supply. Even AKE report this morning (spod production down) shows how hard it is to produce. This is a disruptive change and analysts have no data to work on so are essentially guessing. When mobile phones came out the analysts predicted sales of 50k units per year (out by a factor of 100 at the time). Common sense indicates that when demand is far greater than supply (and demand growth is exponential - new supply cannot keep up), I think the analysts may have it wrong again.
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79.0¢ |
Change
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| Open | High | Low | Value | Volume |
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