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.
2031 isn't late if you see the growth of GDP per year then it would be really hard for Bitcoin to be a 10-20 trillion asset in 2028 or 2029. The total GDP of the world in 2022 was around $100.56 Trillion according to the world bank and it's expected that the total GDP of the world in 2023 will be around $105 Trillion and with such small growth the total GDP of the world will be around $131 Trillion to $140 Trillion by year 2030 or 2031. I also believe that it would be amazing to see Bitcoin getting $20 Trillion out of that $131 Trillion into into its marketcap but that will be more like a dream then reality.
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.
Yeah, I believe that we might see ETF's getting approved in the month of December and that would trigger the price of Bitcoin to reach $50k easily. I know the odds aren't in the favor of this idea and $50k in 2023's December seems a little bit higher than other predictions but surely if the ETF gets approved then in a matter of days we'll see huge price pumps.
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.
Yeah, I think that BTC price will pump over previous ATH in 2024 but it won't be able to achieve the full ATH of this coming bull market in 2024. I guess it will be a little difficult for Bitcoin to cross $60k to $70k in 2024's after the halving but once it achieves that then we may see a price correction again and in late 2024 we may see Bitcoin's price over $90k or beyond and yes $100k is going to be a tough one to cross.
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.
Nope that's the bare minimum that I'm expecting but I guess it may reach $150k to $200k in 2025 and that's a possibility I guess. But, for that we will have to see more activity from the investors and man the BlackRock alone is a giant so anything can happen in 2025.
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?
I guess we will see the correction that would be a little bit below $69k if Bitcoin reaches the ATH of around $120k but if makes $150k or $200k ATH then I'm pretty sure that it won't be going below $80k but surely if something like the previous bear market takes place then the price may go below $70k for sometime, and I believe that would be the best price in those years for accumulators.
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.
I'm not saying that in 2031 we will be selling all of our BTC holdings but some of it so we can enjoy other things in life but a few people may hold Bitcoin even if it crosses $1M price mark and I would consider those people extremely long-sighted. Well, theoretically Bitcoin can reach $5 to $50M in value but that thing surely won't happen sooner.
a new ATH that's going to be higher then the previous ATH.
...
Yep, that will be a new ATH but that won't be the bull market's All Time High that we all are expecting. I believe when Bitcoin crosses $69k then that would be considered as a new ATH but it will still have the potential to go beyond that price tag in the coming bull run and reaches to a price mark which will then be the ATH that we are expecting to see.
Poll
