BTC is right where it should be in relation to its 4 year halving cycles

in #news4 years ago

Long story short: Bitcoin has a ton of runway left
The bitcoin cycles have been extremely predictable since bitcoin was created, for that to change now would be to expect something different.

Those of you involved in finance know that is a very dangerous game.

Bitcoin is pretty much exactly where it should be price-wise in its current halving cycle.

Here is compared with the previous halving cycle:

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A quick look at the chart above shows that we probably have about 75% of our move left still ahead of us.

It points to a peak somewhere near the end of 2021 and at prices several multiples of where we are today.

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But how do we get there?
It's fun to look at all these charts and throw out these extremely high price targets but at the end of the day it is going to take real money coming in to move the price.

Especially to move the price by the hundreds of billions we are talking about.

Where is that money going to come from?

It gets pretty easy to see where that money is going to come from when you see things like this from Grayscale alone:

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