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Unpopular Opinion: Entering a BTC supercycle does NOT mean BTC @ 1,000,000 USD next year. It just means we gradually trend up without an 70%-80% pull back.

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by COINS NEWS 235 Views

I made a thread about a week ago with regards to BTC supercycle theories / people posting their ideas about it. 2 of these cycle theories were data-driven, and dictated by nothing more than numbers, one simply cited environmental factors like the Federal reserve and interest rates, etc. If you're curious you can read about that thread here: https://np.reddit.com/r/CryptoCurrency/comments/pe6uf1/3_credible_analysts_who_think_this_time_we_break/

We can get in to the sentiment of who you can trust to analyze data but the 2 data-driven analysts I mentioned make their money through patreon and not shilling coins, the third one works at kraken so there is some level of financial interests in making this happen from him. I will cite environmental factors that some altcoiners with zero bitcoin are not thinking of right now:

  1. Four Latin American countries have made moves to regulate crypto in a people-friendly manner.
  2. Complimenting the above, regardless of how you feel about it, lightning is a working product, check this 30 second clip on making a payment.
  3. I have to cite the environmental factors that people like Raoul Pal and Dan Held are - low yield rates on treasury bonds while inflation hits 5% in America.
  4. To compliment point number 3 - inflation across the globe. People are looking for anything at this point.
  5. El Salvador is definitely just a spark for the rest of the world and the countries that need bitcoin. We will see more countries making their moves in the future as we are at the beginning of a bell curve by nation states.

That is all.

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