Due to my studies over Bitcoin in last 7 years, I’ve reached to the point that Bitcoin price will experience a dramatic rise in the middle of 2019, which continues moving up till the end of 2021 and it will touch its ATH which is going to be $200-300k at that time.
So many people asking me, how I end up with that huge number ($200-300k) by the end of 2021, well here is my reasons that led me to this prediction;
Halving
So far we’ve seen two Bitcoin halvings: The first one was in 2012 and it occurs about every four years or, after 210,000 blocks have been mined. Approximately a year after the first halving, Bitcoin price rose to $1,000(highest price ever recorded). In 2017 a year after second halving, Bitcoin again rose and set another ATH (All Time High) price.
To find a logical pattern, we could say Bitcoin price booms one year after each previous halving and forces more people to buy on the market rather than mining. However, history doesn’t always paint a complete picture when it comes to the cryptocurrency market.
Megatrends
I believe that when humans, live in the virtual world with their five senses, neither fiat currency nor gold could be able to be used in such world, except cryptocurrencies. In my opinion because of a fundamental definition in the economy, which is Supply and Demand, and also popularity of bitcoin which is facing open arms by people day by day, bitcoin price rises sharply in the near future and these two lead the way to get near to the price I have predicted in 2022. Accordingly, $20 Trillion won’t be a bubble at that time.
Previous trend actions
There are some significant data in charts which repeat every 4 years & the reason why some analysts cannot see them clearly, is the Greece economic crisis that happened during this time. This specific period of time affected the charts of bitcoin and misled the analysts & experts. What really happened was that the Greek citizens really needed a store of value that is safe from confiscation, can be purchased with cash and has similar properties to money. Bitcoin meets these requirements. This was combined with huge media hype and triggered off a wave of demand for Bitcoin which most of them was requested by Greek people. If we exclude Greece economic crisis from the chart of Bitcoin, my prediction for 2022 is tangible.
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