These BTC halving cycles are money in the bank
Buying bitcoin isn't spending your money, it's saving it.
While that may be true generally, it's even more true when you really dissect the post halving price cycles.
The patterns just keep repeating, well mostly.
Check this out:
(Source: https://twitter.com/ChartsBtc/status/1376273109766967299/photo/1)
Each cycle has been almost 20x the prior cycle.
If that were to repeat again this time around, we would be looking at close to $400k at the peak of this cycle.
That number seems absurdly high to me, so I will go with more conservative estimate of $200k so I don't get too disappointed if it doesn't happen.
At some point these cycles will stop working, but it's probably not going to be this cycle as it's already following the previous ones to a T up to now.
Can't wait to see the next phase.
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It's weird to think we are just getting started.
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Part of me wonders if this rally is going to end sooner than most people think.
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It would be pretty weird to see an 80% drop only take bitcoin to about $40k or so. Big monies.
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It is almost scary to think that the cycle keeps going from here. I keep seeing signs things are over heated but to think there could be a reality where we are just getting started is insane to think about.
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