- 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.
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.
Read Also
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
