Topic: Reasons for being bullish on bitcoin (Read 63 times)
Every year there is progress taking place with bitcoin. And within this year, adoption from financial institutions have been growing and increasing, which would lead to bigger chances that we will end this year having a mainstream with bitcoin. And for that, the bull run is more guaranteed, which will pave way for bitcoin to reach another all time high before this year ends.
That's it.
My prediction is that we might reach $500k as a top within the next two years.
I am not surprised with this. Every cycle is different and it's true that this might be a different cycle and bigger than 2021. Although for $500k, that's expected that we will be there even so $1M. If people are seeing the worth of Bitcoin right now, there won't be any complain but a silent accumulation and see why the biggies are doing it right now. MSTR is doing it and the other capital ventures and asset and portfolio companies are doing it. These companies are for the money and that's why wherever it is, there go they are as well. My prediction is that we might reach $500k as a top within the next two years.
My prediction is that we might reach $500k as a top within the next two years.
Even though this is just mere speculation, but it is achievable because if a suit sayer had told me that the price of bitcoin will skyrocket so speedily before the United States elections, i would have doubted it but just take a look at the price now and like a couple of months ago you will understand that bitcoin can even skyrocket five times of what the price is today in 2 years' time. Many people are still expecting a bearish season after 2025, but we may likely witness further bull run if bitcoin's strategy reserve is implemented by the incoming administration of Donald Trump, and other positive news that will cause the price to continue being bullish. Of course we are doing much better in gains than 2021 and I agree with the said reason but you prediction seems overwhelming and I think it's too much of an expectation from bitcoin.
It's 5x from where we are now. Remember that in the previous bull run, when it crossed $10,000 in summer 2020, it reached $68,000 in less than a year. That's 6.8x, and that's if we accept that the bull market started in $10,000. (It was going pretty well even before that.)Nov-Dec 2025 should be the top of this cycle (130-180k).
Hmm... Let's see. You're bearish this time, as far as I can tell. 180k is less than 2x. I wouldn't even call that a bull market. That's not 2x... more like 9-12x. Diminishing returns, but still good enough.
As always: you have to buy the dip to maximize profits, so mark your calendars (Nov-Dec 2026).
Dedollarization will happen after China's invasion in Taiwan (expected by 2027 at the latest).
The collective West will impose sanctions on China (Russia No2) -> Made in China products banned + no more 3nm chips from TSMC -> hyperinflation will kick in + nVidia/AMD/Apple stocks will melt up -> CBDC is introduced to kickstart the economy
Then you can expect BRICs to officially announce the adoption of BTC as a global reserve currency to settle international trade. Russia still has 300 billion of assets frozen. China could have up to 2 trillion $.
Fun fact: our beloved Trump isn't very keen on the idea of dedollarization led by BRICs, even though he knows who are the suckers that back the dollar.
Of course we are doing much better in gains than 2021 and I agree with the said reason but you prediction seems overwhelming and I think it's too much of an expectation from bitcoin.
It's 5x from where we are now. Remember that in the previous bull run, when it crossed $10,000 in summer 2020, it reached $68,000 about a year later. That's 6.8x, and that's if we accept that the bull market started in $10,000. (It was going pretty well even before that.)Nov-Dec 2025 should be the top of this cycle (130-180k).
Hmm... Let's see. You're bearish this time, as far as I can tell. 180k is less than 2x. I wouldn't even call that a bull market.
In 2 years from now (late 2026 - early 2027) we'll experience a new bear market due to Taiwan (Ukraine No2) and possibly yet another CEX failure (FTX No2, although Proof of Reserves is meant to prevent Ponzi schemes like that).
Nov-Dec 2025 should be the top of this cycle (130-180k).
Bookmark this post for future reference.
Nov-Dec 2025 should be the top of this cycle (130-180k).
Bookmark this post for future reference.
This is absolutely correct because government wanting to join the race, though they had been against bitcoin progress and wanting it the other way to have a total control, but they couldn't end the fight on the right way therefore they had no option to join race to start holding large some of bitcoin on their portfolio.
Your predictions is not bad as I think the market might likely hit $250k by this bull run comes next year and there is every possibility that couples of years we might likely see the price hit what you said, maybe who knows if it would happen next as the market is unpredictable.
Your predictions is not bad as I think the market might likely hit $250k by this bull run comes next year and there is every possibility that couples of years we might likely see the price hit what you said, maybe who knows if it would happen next as the market is unpredictable.
Of course we are doing much better in gains than 2021 and I agree with the said reason but you prediction seems overwhelming and I think it's too much of an expectation from bitcoin.
Perhaps predictions are always backed with reasons why you think it would go as you expect, but I haven't seen a good reason to expect bitcoin to reach or hit anything close to 500kish price.
With governments getting involved it gives an edge to expect another bull market and if I'm to be more realistic I think expecting 150kish or 200kish price is more realistic in 2 years compared to 500k as you predicted.
Perhaps predictions are always backed with reasons why you think it would go as you expect, but I haven't seen a good reason to expect bitcoin to reach or hit anything close to 500kish price.
With governments getting involved it gives an edge to expect another bull market and if I'm to be more realistic I think expecting 150kish or 200kish price is more realistic in 2 years compared to 500k as you predicted.
I just want to write down the reasons why I think we'll experience another bull market. If you compare it with previous history, I think that we might experience ever larger gains than those in 2021.
- Governments, now apparently, want to be involved. Specifically, they want to hold reserves[1][2].
- I predict that the Big Tech will follow. Recently, Michael Saylor advised Microsoft to switch into a Bitcoin standard. In 3 minutes, he compressed all the reasons why it makes sense for Microsoft to convert their capital into bitcoin[3]. I'd bet that Big Tech officials already stack sats in secret.
- We now have ETF. BlackRock is involved.
That's it.
My prediction is that we might reach $500k as a top within the next two years.
[1] https://www.congress.gov/bill/118th-congress/senate-bill/4912/text
[2] https://bitcointalksearch.org/topic/just-in-swiss-law-maker-says-switzerland-needs-a-strategic-bitcoin-reserve-5521344
[3] https://x.com/saylor/status/1863323760511627565
- Governments, now apparently, want to be involved. Specifically, they want to hold reserves[1][2].
- I predict that the Big Tech will follow. Recently, Michael Saylor advised Microsoft to switch into a Bitcoin standard. In 3 minutes, he compressed all the reasons why it makes sense for Microsoft to convert their capital into bitcoin[3]. I'd bet that Big Tech officials already stack sats in secret.
- We now have ETF. BlackRock is involved.
That's it.
My prediction is that we might reach $500k as a top within the next two years.
[1] https://www.congress.gov/bill/118th-congress/senate-bill/4912/text
[2] https://bitcointalksearch.org/topic/just-in-swiss-law-maker-says-switzerland-needs-a-strategic-bitcoin-reserve-5521344
[3] https://x.com/saylor/status/1863323760511627565
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