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BR #34: Are you ready to fly?

Dec 03, 2023

(1-minute read)

Bitcoin has clear 4-year price cycles.

However, every cycle comes with its own surprise.

This time the Bitcoin cycle seems to be moving 9-12 months earlier than in prior cycles!

Most notably, Bitcoin's price has just grown 7 weeks in a row from $26,000 to $39,000.

The last time we saw such a consistent price rise was exactly 3 years ago.

At the time, in late 2020, Bitcoin grew in 7 weeks from ~$10,000 to ~$18,000.

Then a brief consolidation followed before the real bull market started.

Three big factors make me expect a big price rise sooner than expected:

  1. Bitcoin's hash rate keeps breaking all-time highs.
    In prior cycles, the hash rate was rising way smoother than it is now.
    The current rise is of unprecedented speed.
    Many speculate that countries, corporations, and big players are mining Bitcoin instead of buying it on the market. This way they avoid directly affecting bitcoin's market price.
  2. The Bitcoin ETF is expected within 1-3 montsh.
    This will enable the world's biggest asset managers to buy BTC easier than ever before.
    What is more, once Bitcoin's market cap surpasses $1T (~$55,000 per bitcoin), large institutions will HAVE to invest in Bitcoin. Unlike small investors who will see bitcoin as expensive, large investors will see it as more attractive.
  3. The Bitcoin halving earthquake is coming in 4-5 months.
    And this time way more people have done their homework.
    They know the price will jump and they are trying to outpace the move this time.

All of the above and many other factors make me think that this bull market will be different in that:

  • Bitcoin can reach a new all-time high of $70,000 in the coming 4 months;
  • Once it goes there, the price is highly likely to jump a lot more;
  • It is hard to predict how high we will go, but my prediction is that the price growth will surpise many.

To sump up:

$100k will be just the appetrizer.

The main course could easily be +$200k.

And then we could have a surprisingly sweet dessert.

I hope you are not sleeping on this biggest wealth transfer in human history.

The one new global money is monetizing in real-time. Don't wait for it to reach $100k.

Make sure you have at least 5% of your net worth in this asset before the end of 2023!

This is financial advice.

P.S. Also if you still hesitate about why and how to buy and hold Bitcoin:

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