Peak Bitcoin, hardly.
As I wrote in Forbes In 2021 the world will wake up to a brand new reality when it comes to Bitcoin – the unlikely truth that Bitcoin’s programming has cyclical effects on its economy.
This At least four distinct market cycles have occurred. Bitcoin The bubble has been called a myth, skeptics ring their hands and each time they have, Bitcoin recovers more or less 4 years later to set new all-time highs above its previously “sky-high” valuation.
I personally watched Bitcoin From $50 to $1300 in 2013. ThenI watched the money go from $1,000 to $20,000 by 2017 and then from $20,000 to $70,000 in 2021.
So, I’m just here to relate that, from my past experience, this market cycle is just heating up.
For Those who have been in Bitcoin, there’s one tried-and-true and that’s Google Search. As long as I’ve been in BitcoinThis is the best indicator for the strength of the markets.
Search is low, you’re probably in a bear market. Search Are we heading back to record highs? This New entrants are learning about BitcoinBecome an active buyer.
RememberThis is a new habit. Bitcoin HODLers are slowly shifting their assets to a completely new economy. So, Google Trends The search represents a snapshot Bitcoin’s immigration. It Shows how many new sovereigns are moving their money to the United States.
And it’s something that all who are worried about whether bitcoin’s price topping out in 2024 should pay attention to.
Last The year is the Bitcoin In the past, price increases have followed previous halvings. Maybe you’re tempted to think, “this time is different” – not me. I look at search, and I see a graph that continues to accelerate toward price discovery. Trust When I say that no one I know sells bitcoin, I mean it.
As Buyer interest is increasing as shown above. These new buyers will have to purchase that Bitcoin You can find it somewhere. Add A coming of nation states, US States, and a coming Trump Administration to ease burden on industry?
WellThe chart above really says it all.
This The article is a Take. Opinions expressed are entirely the authThe following are some examples of how to use's and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
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