A pseudonymous crypto analyst is optimistic Bitcoin BTC/USDand predicts it should hit a clear target of $1.3 million by December.

What happened: Pentoshi told his 670,000 followers on Twitter, “I got this number using the January earnings average of 42% monthly.”

The analyst added: “Will be back to take profits. Simple math.”

Dogecoins DOGE/USD founder Shibetoshi Nakamoto the analyst scoffed, saying, “He did the math.”

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Though it might seem that Pentoshi’s math wasn’t right, when a Twitter user responded, saying, “I’m going to put a $5,000 bet on it.” You down?” The analyst scoffed, “How about $1 million it doesn’t happen. If not. I win. And if it does, I’ll pay you $2.5 million.”

Price action: DOGE traded at $0.085 in the last 24 hours, down 1.50%, according to Benzinga Pro.

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