Each halvening has also produced smaller troughs to peaks, each cycle has produced less gains than the previous. Each cycle is tighter. I don’t think we are that close to the steep part of the s curve we still have some headwinds ahead. Either way 5M is still a 236x in 12 years 😂 time will tell.
Discussion
Well, but if Bitcoin reaches 90% adoption by 2035 then it should have a marketcap in the order of magnitude I suggested.
And that is just by purchasing power, nominal is basically guaranteed. Even Druckenmiller forecasts the USD to be obsolete by 35
I think it will be slower than that but 🤷♂️ we’ll see in 12 years
Of course it may. This is a first in history. Never in recorded history before have we deliberately invented a money from scratch.
Still, my base case is that this thing goes the way of all other disruptions.
Especially since that price target doesn’t include Fiat printing nor economic growth.