The Honest Truth About Bitcoin Hitting 250k in The Year 2022

in #bitcoin3 years ago

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What I'm giving you right here is extremely valuable information that very few people know about bitcoin.

So it turns out that Tim Draper's prediction of Bitcoin hitting 250k very soon is actually true.

But it's not a random event that will increasing the price that high. There is an exact reason for this and that reason is how Satoshi Nakamoto designed Bitcoin.

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You'll notice that after each time that Bitcoin crashed, the price rebounded even higher a few years later. Many people don't understand why this has been happening for the past decade. This is why:

The creator of Bitcoin, Satoshi Nakamoto, created it with the intent to have the price increase exponentially every 4 years.

The reason why Bitcoin will hit 250k is because there is a decreasing-supply algorithm put in place which puts a 50% reduction on Bitcoins blocks approximately every 4 years which is what gives us the year 2022 in Tim Draper's prediction for bitcoin hitting 250k.

Will it hit exactly 250k in 2022? It is very likely. Many experts say it will hit at least 100k by then.

The increasing scarcity and demand caused by Bitcoin's algorithm is what has been driving up the price consistency for the past decade.

It's really simple supply and demand. Most experts can recognize this easily.

Tim Draper is a billionaire/venture capitalist for those of you who don't know who he is. His argument is that media has become digitized, music has become digitized, and since it looks like everything becoming digitized is the future, currency will become digitized as well.

I'm not sure if Tim Draper's knows this information about Bitcoin's algorithm but he's right about the 4 year prediction. That part is spot on.

If you're still skeptical of bitcoin's technology you should buy 1 Bitcoin while they're still cheap(compared to 250k) and hold onto it for a decade until the price hits 1 million, not 250k.

I've purchased 2 bitcoins so far and I'm only trying to acquire more.

If you don't believe me and think this info might be bullshit, take a look at bitcoins historical data again.

Every time the price crashed it rebounded by tenfold within 3-4 years and this process won't be complete until the year 2040.

In the year 2040, Bitcoin's algorithm will be completed and all 21 million Bitcoin will be in circulation.

By that time, a single Bitcoin could be worth well over $1 million dollars thanks to Satoshi Nakamoto's genius algorithm.

Maybe one of the reasons Satoshi Nakamoto created Bitcoin is because he wanted to give people in poverty a chance to become extremely wealthy. Who knows...all I know is that bitcoin's algorithm works and it is slowly but surely turning Bitcoin into one of the most sought after investments in the entire world.

The only reason I'm releasing this information to the public and not keeping it to myself is because I believe that if you understand Bitcoin and it's algorithm, it will be easier to understand where it is headed in the future and it will allow you to benefit greatly from the price increases over the long term.

Compared to how high bitcoin's price is going to be in a decade or so, the current price of $7,746 is nothing.

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Oh, and the supreme court is saying that cryptocurrency is the future of money.

No, that's not a joke. US Lawmakers actually titled the hearing: "Digital Currency: The Future of Money”.

I'm sure the only reason the supreme court is saying that now is because they realized that they can make billions of dollars by buying bitcoin, holding it for years, and taxing the people that purchase it.

I don't care if they tax Bitcoin and regulate it, that will only increase it's success and keep it around.

Guess what? When you win the lottery, you pay taxes. When you invest in stocks or real estate, you pay taxes. If you have a high paying job, you pay taxes.

A great man once said, "if you're paying taxes, that means you're making money."

So don't ever let taxes scare you away from anything.

If anything, paying taxes on Bitcoin makes it more legitimate.

So to become wealthy from bitcoin, you'll need to buy and hold a few of them for about a decade. And keep it to yourself. If everyone knows that you own 5 Bitcoin when the price increases to 250k, that could potentially put your life in danger.

I read about a man who interviewed multiple billionaires, asking them to give the smallest response possible for how they became successful. Each billionaire gave the same response: "Delayed Gratification."

So the key the winning this game is not only knowledge but patience as well. Good luck to you all.

Please pass on this information to help out anyone that is in a tough situation. Buying just 1 Bitcoin right now will increase your net worth by millions of dollars in the future. If there is no risk, there is no reward. Remember that.

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Buy and HODL like they say.

Good analysis - interesting logic. The $250k still seems so sci-fi to me, but I'll take it.

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