Rough Halving dates - every 4 years
Pitchfork - if bitcoin continued to travel within the pitchfork channel.
right now i personally think miners and big bag holders are propping up prices before the halving. A quick 50% cash out dump of whatever the price is at the halving date to pay creditors/bills. After which they will lock up supply and continue to grow the black hole that is Bitcoin.
Looking at the numbers makes it seem impossible, but given that quantitative easing/0% interest rates remain a normal policy across many countries to stimulate growth i believe that as Bitcoin is deflationary and easy to store. The world most likely will hyper inflate over the next decade with Monetary Policy 3.0 which will cause bitcoin as an electronic store of value to be recognized globally as a safe haven to trade of fiat for sovereignty of your wealth. At the point where bitcoin reaches a market cap that equates the total debt of the american dollar, only then will the proof of work satoshi replace the dollar as reserve currency. My guess is between the years 2023-25.
Dont smoke weed & chart Bitcoin. Hodl till 2030!
Pitchfork - if bitcoin continued to travel within the pitchfork channel.
right now i personally think miners and big bag holders are propping up prices before the halving. A quick 50% cash out dump of whatever the price is at the halving date to pay creditors/bills. After which they will lock up supply and continue to grow the black hole that is Bitcoin.
Looking at the numbers makes it seem impossible, but given that quantitative easing/0% interest rates remain a normal policy across many countries to stimulate growth i believe that as Bitcoin is deflationary and easy to store. The world most likely will hyper inflate over the next decade with Monetary Policy 3.0 which will cause bitcoin as an electronic store of value to be recognized globally as a safe haven to trade of fiat for sovereignty of your wealth. At the point where bitcoin reaches a market cap that equates the total debt of the american dollar, only then will the proof of work satoshi replace the dollar as reserve currency. My guess is between the years 2023-25.
Dont smoke weed & chart Bitcoin. Hodl till 2030!