Is A Massive Bull Run About Here ?
Over the last few years I have been stocking up on bitcoin and well I some times kick myself in the butt for not taking a larger paycheck when we saw 20k lol However that being said I still feel like given time bitcoin will hit 50k and to do that the market cap only needs to be roughly 1 trillion which is actually really low. You see over 7 trillion is currently invested in gold even more in the stock market. So just 1 trillion is very possible with even a minor shift.
That minor shift to me seems to be building up and signaling for a bull run and here is why.
#1 - Bitcoin halving
Bitcoin will be halving from 12.5 per block all the way down to 6.25 per block. This is going to really limit the supply of new coins that the market has been use to. People still hold on to their bitcoin and continue to stack and on top of this the volumn of bitcoin usage has climbed to all new highs which leads me into...
#2 - More and more transactions
We are starting to see companies really adopt bitcoin as a form of payment and transaction volume actually crushed that of Paypal. I only see this continuing to climb as lightning network grows.
#3 - Movement
Lets face bit bitcoin has been holding steady at 3,500 - 4,000 range for a long while now. Volatility is at an all time low and has been and become more stable. As some of the above factors start kicking off such as halving and more and more transactions the demand will climb and the supply will reduce. Remember there is only 21 million ever of which I am sure a few million might have been lost for all time. This further puts demand on the supply and with nearly 8 billion people and 21 million coins total. (for instance just take the USA at 325.7 million people would mean 21 million spread out over just the USA evenly would be 0.06447... bitcoin per person.)
What are you thoughts on bitcoin? When do you feel the rise will come?
I have come to believe that we experiences a bubble which was surprising for me as it barely reached $1 trillion whereas past bubbles like the dotcom went well beyond that. I think things are stabilizing which will help create a base for more improvements to those assets that are truly creating value for their communities.
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Good point and also who cares if it was a bubble. If the dotcom was a bubble look at the massive value of it now lol
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I still believe in bitcoin. I am sure will hit 50k by 2025
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