Here's how this will happen ๐
Bitcoin has always followed a 4-year crypto cycle
โ 1 year of recovery
โ 1 year of halving (the same year BTC hits a new ATH)
โ 1 year of a full-blown parabolic run
โ 1 year of crash (70%โ80% drawdown)
Right now, we are into the halving year, and BTC is expected to hit a new ATH in Q4 of 2024
Currently, the BTC price is mimicking the 2020โ2021 cycle, so let's see how things will proceed
โฆ๏ธ Correction before halving (maybe to $30k-$35k)
โฆ๏ธ A few months of consolidation during the summer
โฆ๏ธ Bullish Q4 of 2024 and a new ATH of $70,000
โฆ๏ธ $100k $BTC in Q1 of 2025
โฆ๏ธ Full-blown altseason where alts will pump 100x-1000x
โฆ๏ธ Some consolidation and correction in Q2 of 2025
โฆ๏ธ In Q3 of 2025, the pump will resume, and BTC will hit $200kโ$250k in Q4 of 2025.
๐โ๐ฆ ๐๐๐๐ ๐โ๐๐ ๐ป๐๐๐๐๐?
โก๏ธ The BTC price is always driven by supply and demand.
โก๏ธ With the halving and ETF approval, there will be a reduction in supply emissions, and demand will increase.
๐โ๐๐๐ ๐๐๐๐ ๐โ๐ ๐๐๐๐๐ฆ ๐ถ๐๐๐ ๐น๐๐๐?
1๏ธโฃ COMPANIES CASH HOLDING
In the US alone, companies hold over $4.5T worth of cash on their balance sheet, which is depreciating in value every year.
With the introduction of new accounting rules, it will be easy for institutions to hold BTC on their balance sheet.
2๏ธโฃ BONDS
Right now, there are over $10T worth of bonds that are yielding 0% or negative, and this money will enter into BTC.
Imagine even 5% of that money entering BTC; it will push BTC to new highs.
3๏ธโฃ GOLD MARKET SHARE
BTC is the new digital gold, and it has every characteristic that makes gold money.
Slowly, people are realizing that BTC is the new gold, and they are flocking to BTC.
Gold has a MCap of $12T, and now with spot ETF approval, it will be even easier for gold investors to dump their gold and hold BTC, which is the superior money.
๐โ๐๐ก ๐โ๐๐ข๐๐ ๐๐๐ข ๐ท๐?
๐ Hold utility-based coins
๐ Don't panic, and always verify before taking any action.
๐ Book profits when there is euphoria.
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Also, tell me your price prediction for BTC in 2025.