I’m going to make a prediction.

Bitcoin has seen its last 80%+ drop in fiat price, and will likely shed the halving-cycle altogether.

The next bull market will see Bitcoin more than surpass the highs expected in the muted last one.

The last bull market saw Institutional/Wall Street adoption. They were fickle, they fomo’d and fud’ed, the proverbial ‘smart money’ under a fiat standard became the dumb money in Bitcoin…but they are still in Bitcoin. The Jamie Dimon’s of the world were forced to bow in acceptance.

The next bull market will uniquely identify Bitcoin as an asset that is making massive stair-steps toward infinity. No fiduciary or money manager globally will be able to deny this any longer, every portfolio of any kind and any size will have to have some percentage of Bitcoin, and this includes sovereign wealth and central banks. This won’t happen at the outset of the next bull market, of course, but will develop over the short years after. And this will under-pin any potential for another 80% decline - which doesn’t mean people won’t fear and anticipate another brutal bear market; but markets don’t tend to do what people assume they will do.

The next bull market will establish Bitcoin, undeniably & unquestionably, as a legitimate, non-‘speculative’ asset. And will pave the way for widespread Merchant adoption as well.