The #Bitcoin halving will not only be a major catalyst on its own; it will exacerbate catalysts that have been contributing to #BTC’s historic rise.
1. The global economic landscape is changing rapidly. The reasons vary: technological innovation, energy and natural resource issues/disputes, even geopolitical instability.
What an unpredictable environment! Becoming even more so as time progresses.
The least predictable thing about #Bitcoin is price. This is why it’s so fun to make predictions: NO ONE REALLY KNOWS. However, its issuance, policy, and decentralized nature are easily predictable.
#BTC’s predictable nature is one of the biggest assets that a fat majority of people are completely missing.
Fiat has unpredictability in all the wrong places while #Bitcoin has it in all the right.
2. $70k is pennies to a lot of companies. #BTC has to become more expensive to be taken seriously.
If you have taken the time to research the progression of events that will ultimately lead to the last halving event, it’s obvious that #Bitcoin already has an infinite stock to flow as stock will never double.
This halving will put #BTC at #1 when it comes to stores of value. Right now, on paper it’s barely behind gold.
Every halving from now on will make #Bitcoin exponentially better, each bringing absolute scarcity closer to fruition.
Predictability gives me certainty in 21,000,000…yet I, nor anyone else for that matter, knows what 21,000,000 really means. It’s the first of its kind!
3. Governmental game theory has yet to take form, it’s there, but it’s got a long way to go before it becomes a major catalyst.
Right now it mostly involves who will treat Bitcoiners the best through regulations. This trend will continue, but I believe the governments are bound to realize instead of just appealing to Bitcoiners they can BECOME Bitcoiners.
Do you realize how many chairs the government could sell to stack #Bitcoin? Not to mention that pretty printer.
4. Bitcoin’s utility as a monetary vehicle will go through a metamorphosis thanks to the ETFs, which will further incentivize mainstream adoption, which will spread awareness about the halving, which will enhance the effects of the halving, which will further exacerbate the catalysts we are already aware of and even create new catalysts to enjoy.
I believe we are reaching the pivotal, suddenly moment when it comes to using #Bitcoin as collateral, this will signify the hybridization of a fiat/bitcoin standard that I will consider a transitional period: think hyperbitcoinization without a fiat collapse.
Maybe #Bitcoin won’t end fiat, but rather keep it honest and in check.
Obviously this isn’t my best case as I’d like to see an end to fiat shenanigans, but I will admit even on a 100% #Bitcoin standard, there’s still going to be clowns desperate to play shenanigans.
This realization begs a question that I will ponder on: could a hybridization of systems be better than having 0 alternatives? Even if it’s a #BTC standard? Does this mean #Bitcoin incentivizes decentralization beyond the confines of its network?
It’s like communism and capitalism, they seem like opposites, yet we’ve never seen them in their true form because a hybridization is so beneficial.
My brain finds these unique symbiotic relationships between systems fascinating.
Mutually beneficial adversaries always makes for a great story. One day I’ll tell it. 