Topic: Bitcoin "Perfect Storm" Brewing for Summer 2020? - page 2. (Read 1387 times)
I've seen this discussed a few times & 2020 is the time when I think the price will break out violently in an upwards surge. The halving is around that time & like you said when hundreds of thousands of people descend on bitcoin friendly Japan for the Olympics we are likely to see upwards of $25,000 per coin.
the Olympics is far away and just a one time (granted big) event in the future. but lets not forget all the tourists that are visiting Japan every day of the year.
according to tourism.jp (the Japan's Tourism Research & Consulting Company) the estimated number of international travelers to Japan in April 2017 reached to 2.6 million and according to Wikipedia Japan attracted 24.03 million international tourists in 2016.
all these people are going to a bitcoin friendly country where they will be introduced to this international cryptocurrency which they can carry with themselves on a small piece of paper or on a small USB like hardware wallet or on their cellphones and nobody can search them in the airport and ask "why are you taking $10,000,000 out of the country with you" because they can't say why you wrote some words (seed) on a piece of paper.
according to tourism.jp (the Japan's Tourism Research & Consulting Company) the estimated number of international travelers to Japan in April 2017 reached to 2.6 million and according to Wikipedia Japan attracted 24.03 million international tourists in 2016.
all these people are going to a bitcoin friendly country where they will be introduced to this international cryptocurrency which they can carry with themselves on a small piece of paper or on a small USB like hardware wallet or on their cellphones and nobody can search them in the airport and ask "why are you taking $10,000,000 out of the country with you" because they can't say why you wrote some words (seed) on a piece of paper.
Is it too early to be speculating about the price of Bitcoin in light of what happens in the Summer of 2020?
The eyes of the world will be on Japan when it hosts the 2020 Summer Olympics, not to mention the thousands of international atheletes, fans, spectators and tourists who will converge on the land of the Rising Sun. As we all know, Japan is one of the most bitcoin friendly - if not THE most bitcoin friendly - country on the planet right now with it's acceptance of Bitcoin as a legal currency.
Also, for those not yet aware, the next Bitcoin halvening will occur sometime during the Summer of 2020.
Not only will there be some decent exposure just from the fact of bitcoin friendly Japan hosting such a yuge international event
(sure, the Olympics has lost some of its prestige, but still), but there will lso be the inevitable hype surrounding the ?third bitcoin halvening to occur around the same time (albeit price increases have historically occurred weeks to months after the actual halving event date).
Add to that, we could by that time have a consensus solution to the problem of scaling implemented.
To summarize:
Bitcoin-friendly Japan hosting 2020 Summer Olympics + Bitcoin Halving in Summer 2020 +/- possible consensus solution to scaling problem = Perfect Storm? Or just a minor squall?
My over-exhuberent amateur bitcoin speculation intuition vibes are telling me ~$30K price for bitcoin towards the last quarter of 2020 - barring any catastrophic negative event(s) occurring between now and then.
What do you think? Too early to predict? Am I putting to much significance on things? Out of my mind with $30K?
The eyes of the world will be on Japan when it hosts the 2020 Summer Olympics, not to mention the thousands of international atheletes, fans, spectators and tourists who will converge on the land of the Rising Sun. As we all know, Japan is one of the most bitcoin friendly - if not THE most bitcoin friendly - country on the planet right now with it's acceptance of Bitcoin as a legal currency.
Also, for those not yet aware, the next Bitcoin halvening will occur sometime during the Summer of 2020.
Not only will there be some decent exposure just from the fact of bitcoin friendly Japan hosting such a yuge international event
(sure, the Olympics has lost some of its prestige, but still), but there will lso be the inevitable hype surrounding the ?third bitcoin halvening to occur around the same time (albeit price increases have historically occurred weeks to months after the actual halving event date).
Add to that, we could by that time have a consensus solution to the problem of scaling implemented.
To summarize:
Bitcoin-friendly Japan hosting 2020 Summer Olympics + Bitcoin Halving in Summer 2020 +/- possible consensus solution to scaling problem = Perfect Storm? Or just a minor squall?
My over-exhuberent amateur bitcoin speculation intuition vibes are telling me ~$30K price for bitcoin towards the last quarter of 2020 - barring any catastrophic negative event(s) occurring between now and then.
What do you think? Too early to predict? Am I putting to much significance on things? Out of my mind with $30K?
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