So, I gave the Bitcoin chart a brief look and it seems that the last clear ATHs were around $20,000 in December 2017, around $60,000 in October 2021 and finally around $120,000 in October 2025. From my layman’s perspective this seems to correspond to a 4 year cycle although I am not educated on THE 4 year cycle.
So,
From 2017 - 2021 = 200% (3X)increase
From 2021 - 2025 = 100% (2X) increase
From 2025 - 2029 = 50% (1.5X) increase?
So, according to my basic logic, we’re looking at $180,000 Bitcoin by around October 2029.
Given the trend since 2017, this seems to be a very realistic number. It’s certainly not the number many Bitcoiners (myself included) are hoping for, but I, with my admittedly limited knowledge, cannot see how it could be much different. Hopium predictions aside, can anyone provide concrete reasons for it being higher or significantly higher than $180,000 by 2029?
That is all - Good day to you all.
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