The expiration of the federal reserve’s bank term funding program in March is not an accident and it’s no coincidence this is before the halving.

A liquidity crisis coupled with US Marshall’s service 250,000 bitcoin auction and return of the 130,000 recovered MtGox coins to victims will have a big negative impact on price.

Will it be enough to “delete the peak” on this cycle? I hate to be contrarian, but you might need to consider an 8 year bitcoin investment horizon instead of the typical 4 year horizon.