- Bitcoin’s potential parabolic growth fueled by adoption and ETFs.
- Bitcoin’s halving event and geopolitical uncertainty contribute to upward momentum.
- Robust network, inflation hedge, and psychological factors enhance Bitcoin’s appeal.
As the crypto community awaits an inevitable bullrun in the future, a crypto enthusiast shares their point of view on the current market. In particular, the analyst states their reasoning for why they believe Bitcoin will experience parabolic growth in the ongoing cycle.
As we can see from the tweet above, the analyst shares 10 reasons for the possibility of Bitcoin’s parabolic growth. The reasons dash between Bitcoin price charts, crypto and traditional financial market changes, regulations, and global crypto adoption sentiments.
For the first compelling reason to indicate Bitcoin’s trajectory towards new heights, the post brings up crypto adoption. The post says that the lack of a solid real-world use case has hindered crypto mass adoption. Furthermore it says Elon Musk’s potential collaboration with X app for crypto-based payments could be a game-changer.
Next, the post draws light to the rising use of Crypto ETFs. In detail, top financial players are turning into crypto ETFs, to provide easier access to cryptos through traditional stock markets. This will likely drive up Bitcoin’s price.
Another huge sign is the Bitcoin Halving even in April 2024. To expand, Bitcoin’s halving event occurs approximately every four years. It does so to reduce new supply and put upward pressure on its price.
Adding on, the post brings up geopolitical uncertainty. It says, amid global crises, Bitcoin has emerged as a preferred store of value. In turn, it shone during the banking crisis and the ongoing Ukraine war.
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On the other hand, the post looks at Bitcoin price charts and the Bitcoin Logarithmic Growth Curve takes the spotlight. The post sees a bright future for Bitcoin, as set by its logarithmic growth curve (y = 923.49 x^2 – 4×10^6 x + 4×10^9).
In addition, historical patterns suggest that Bitcoin goes through repeating four-year cycles. These include bear markets, bottoms, halvings, and parabolic bull markets, the post says we are in the next Bitcoin cycle.
Lastly, the post also mentions the fact that Bitcoin is not a security, has a robust Bitcoin network, hedges against inflation, and holds psychological momentum in a highly emotional crypto market.
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