(My price points are referenced in CAD).
People always refer to ATH's, and the couple of crazy bullruns we had in the end of 2017, and once covid hit.
I don't think those bull runs are indicative of the real price of bitcoin. They are sexy sure, and everyone loves high flying numbers... But if you look at all time charts and cut out the mountain peaks, you see a real steady growth.
From prices before the bull run in 2020, bitcoin has doubled.
I don't know how to articulate it very well, but covid saw interest rates basically cut to 0%, and governments doing everything they could to keep the ball moving forward while facing a once in a hundred year crisis. If you expect trading scenarios like this to happen every couple of years you might be disappointed. (Is the price spike from the "halvening" or from the unprecedented fiscal management globally during a once in a century pandemic?)
I think the people that expect bitcoin to hit 100k-200k+ in the next bull run, are not factoring in extreme anomalies in market conditions.
Bitcoin was 5k before the 2017/18 bull run, and bitcoin was 10-15k in 2020 before the covid bull run, and now it's holding it's own in the 22-26k price range despite INCREDIBLY bearish events that sparked panic in the bitcoin / crypto world. I think this is really promising.
Sure, maybe bitcoin could go parabolic when aliens invade or some other unforeseen event happens, but... I think the:
- 5k to 15k in 2 years and, 15k to 25k in 2 years
Is the most realistic value trajectory, which still makes it one of the most incredible stores of value and appreciating assets in our current times. Somewhere in the range of 80-150% growth every 2-3 years is fucking insane.
Anyways... I just wanted to give a realistic not "WHEN MY LAMBO!?!?!" take on the longterm gains on bitcoin.
if in 2024 it is 50k, and 2026 it is 100k, and 2028 200k, and 2030 400k, I am going to be one happy camper.
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