In 52 days a Bitcoin Spot ETF will be approved.
In 151 days the block reward will be cut in half.
In 2024 we will see the return of quantitative easing.
In 2025 we will see the mother of all Bitcoin bubbles.
Are you ready?
In 40 days Bitcoin Spot ETF will be approved and guess what we will see Bitcoin at $50k even if it doesn't gets approved.
In 140 days the block reward will be cut into half and we will see Bitcoin price over $60k or a new ATH that's going to be higher then the previous ATH.
In 2024 Bitcoin will reach over $90k by December.
In 2025 we will se Bitcoin going over $120k and we will see a new ATH in that year.
In 2026-2027 we will see another bear market which may help accumulators to accumulate more Bitcoin.
In 2028 A Bitcoin will be worth more than $300k
In 2029-2030 a Bitcoin will be over $700k or maybe at $1M.
In 2031 most of us would be enjoy the best moments of our lives by selling some of our holdings.
40 days makes little sense in regards to the approval idea since... I doubt anything is getting approved on new years eve... yet if you mean that the ETF is getting approved on or before the end of the year and the BTC price is going to reach $50k before the end of the year, then sure those kinds of things seem possible.. maybe even greater than 50/50 odds.. but who knows?
Probably, it's easier to pick apart predictions rather than to make them.
2024 seems pretty boring from your perspective.. the BTC price gets above the ATH.. but just barely 30%.. .. so it barely gets out of no man's zone.. so seems like a weird place to stop.. even though there likely will be some resistance prior to noman's zone which is around $55k and also around $100k.. but it also seems that getting so close to $100k is going to cause some difficulties to not break through.
Regarding your whole 2025, we ONLY are going to get another 30% price rise? You seem to be really thinking in absolutes rather than percentages, which maybe causes you a lot of limitations on your thinking... but hey, maybe it is better to be overly conservative rather than overly bullish, so I cannot necessarily blame you for that.
The correction in 2026 and 2027.. how far can we correct when the UPside had ended up playing out so anti-climatically? lower than $69k? Back down to $40k? That's pretty pathetic, even though sure it is possible, it seems like a bit of a long shot to be outlining such "stable" scenarios when dee cornz is not a very stable or mature asset class, and there is nothing really taking away from the various ongoing UPpity price pressures, in spite of some of the anti-bitcoin flamethrowing from regulators. but is any of that anti-cornz nonsense going to really slow down dee cornz in any significant and/or meaningful way?
From 2028 until 2031, BTC is going to break the cycle pattern?
And if we are supposedly selling BTC in 2031, what are "most of us" selling to get into? property? other investments? Consumption such as HLB? You seem to be a bit short-sighted in your bitcoin journey if you are spending time accumulating BTC so that you can get out of BTC in 2031-ish. But hey, do what you like? no one is stopping you, unless you maybe might learn something about dee cornz between now and 2031-ish.. so you have about 7-ish to 8-ish years to figure out why you are accumulating dee cornz.. presuming that you are planning to continue to accumulate cornz for a decent amount of time more in the coming years.
Early 2020/covid taught me a lesson to not count the spoils of bitcoin investment too early.
For sure, March 2020 was very scary while it was happening, but since there was such a rapid recovery, it seems somewhat of a less scary event.. but surely, a lot of people likely learned either to HODL through it or to figure out a way to buy on the way down because it is would have had been difficult to sell and buy back, as mindrust discovered after the fact.
Maybe we will still have an unpredictable nasty surprise before halving, but as the time passes by, the probability of such event negates, of course,
For sure Blackswans can happen at any time, and part of the greatness of such happenings is that they come somewhat out of nowhere, even if afterwards there might be some plausible explanations. Sure, black swans are not supposed to happen very often, but we do live in crazy-ass times... that's for sure.
although we still don't know how bitcoin would react to a prolonged recession.
True that we don't exactly know, so hopefully you are not too whimpy in regards to the ways that you are thinking about things. Remember the last time that you were whimpy? You failed/refused to buy any more corns for nearly 4 years between 2015 and 2018. Sucks to be whimpy sometimes, no?
#justsaying.
You are so much fun, Biodom... [edited out]
2031 sounds a bit late for me. Generally speaking, it is possible that a some point bitcoin basically plateaus (at much higher levels) and would be going up and down just 20-30% a year.
What I am talking about? I cannot imagine bitcoin going at a 45 degree angle for a decade, but it is possible that bitcoin will very rapidly change it's "state" from a 0.5 tril asset to a 10-20 tril asset (20-40X) and stay there for a long time. This transition could be relatively fast-for example, this cycle and the next one, finished by late 2028, early 2029.
That would make the combination this cycle and the next cycle to amount to something less than half of the last two cycles.. but if you think about it $0.5 trillion is BTC prices around $27k, and then so $10 trillion would be the size of gold's market cap (at around $500k), and so $20 trillion would ONLY be double gold's current market cap, at $1million per coin... and surely those scenarios do seem feasible even though bitcoin is around 1,000x or more of gold's value, so gold could lose some of it's market cap along the way, and sure it could take bitcoin a while to go from 10x of Gold's market cap, to 100x of gold's market cap to 1,000x of gold's market cap... yet I am having some troubles considering BTC getting stuck at 1x or 2x of gold's market cap for very long, even though I could see various sticking points that may well be quite long lasting between 10x and 1,000x.
So you, Biodom, seem to be suggesting the sticking points between $500k bitcoin and $1 million bitcoin, and I am more inclined to think of sticking points between $5million and $50 million and $100 million...and yeah that is sounding crazy to allow $100 million in there.. because that would be suggesting that bitcoin is absorbing a lot of the monetary premium of various assets. .and then I may well be assuming that various values in the world are going to go up by several times too.. so the addressable market might at some point start to get to $500 million.. but it could take 100 years or more to get to $100 million with $1 per satoshi... so maybe we should not be thinking too much about those higher scenarios, even though I still think that we would not likely have as many sticking points as you Biodom seem to be presuming around $1million and it would seem more reasonable at higher points such as $5 million or $10 million or maybe in the lower $10s of millions rather than 1/10th of those ranges..
I am not holding my breath even though you did suggest earlier that you would be living pretty good on you 20 BTC once the price reached $20 million so I thought that you were more open to some of those kinds of multiple million scenarios being in the cards for our life times... maybe 20 years or so? even though some of us are likely to be much closer (if not already) ded by that time... not wishing ill will on anyone but sometimes there can be difficulties to have assurances in those living into the future regards.
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