It Is Very Likely That the Cycles Are Over
Of course, i may be wrong, and we will have one more "normal" four year bitcoin cycle.
The problem is, everything is falling apart NOW. However, this train-wreck has taken so long, maybe the Fed can hold it together another four years.
There are so many things happening or about to happen
- Civil wars. All over the world. Including in America and Canada
- Fiat Currency collapse.
- Stock markets being found out to be CORRUPT, and closing
- Ft. Knox gold found to be corrupt and/or missing
- More money, than is officially printed, found. Like > 10x
- The economy gets WORSE
- Bank collapses incoming
Basically, there will be a time when everyone is trying to sell everything just to survive.
And anyone who has any money are going to try to escape the system, and that is into precious metals, or crypto-currency.
You are early
Even with all of this monetary collapse happening, we are still in the very beginning of crypto adoption. I am unsure if we have even reached 3% yet. Even if we include the ETFs. However, enough big companies are heavily investing in bitcoin, so its skyrocketing is assured.
I believe there is as much upside to bitcoin still left, as what we experienced getting here so far. As in, if we keep the same dollar as the measurement, we will see a million dollar bitcoin 10M, 100M… the trouble is, we probably lose the dollar after going over 1M.
All upside and almost no risk. Not like betting on bitcoin at $100.
So, even if you are getting satoshis from a faucet, in the future, if you are able to keep your satoshis, you will be RICH!
In the future, people will hold a celebration when their young family members finally earn their first, full satoshi.
Things will never be the same again
Right now, and for all of (most) people's lives, we have lived in a world of dollars. Everything is priced in dollars. Every win is converted into dollars (at least mentally). We don't know of anything else.
You have to go back to WWII before you find really competing currencies. Where you could trade Marks for Pesos or Francs. Where you had an actual money exchange situation. Where you could run from one monetary collapse by converting to a neighbor's currency.
With everything falling apart, we are going to see a lot of currencies competing for our attention. We will not have the stability we have enjoyed for decades. We will have a constantly flowing sets of exchanges.
Bitcoin has the ability to be the world's reserve currency. Meaning (different from its definition now) that everything gets priced in bitcoin, because all the bigs use bitcoin to settle transactions between corporations and between govern-cements. So, it gets quite stable.
But, until then, we will see trades made with all kinds of cryptos, and precious metals, and barter and paper dollars…
Those with cryptos will be RICH!
If you have a bag of cryptos today, it is only a matter of time till you can retire.
1 Bitcoin = Retire within 4 years
0.1 Bitcoin = Retire within 8 years
0.01 Bitcoin = Retire within 12 years
There isn't enough bitcoin left for everyone to have 0.01 bitcoin. Most people will never have that much, ever.
And the years till you can retire may come much faster.
If things do not fall apart this year, we will see $300k - $500k bitcoin. But, if the wheels start coming off, we will see $1M bitcoin in short order. And soon after that, there will be no bitcoin on exchanges to know the price.
Things (like houses) will also be dropping in price, meaning your bitcoin will go even further. We will probably see houses for sale for fractions of a bitcoin toward the end of this year.
So, basically, with 1 bitcoin later this year, you may be able to buy a house, pay off your car, and pay your bills forever. And it will only get easier each year that passes.
Once bitcoin is the thing things are priced in, there are no more cycles.
The things that make the boom/bust cycles will be destroyed on the way to the bitcoin world. The sloshing around of money, the printing and retracting of currency, the monetary games, all fall apart. There will be a lot of frantic attempts to swap out of failing old-world (before bitcoin) monetary instruments.
Derivatives will probably be completely lost, as it is almost impossible to find another sucker to sell them to. (it is sad that so many of them have been sold into retirement accounts) Basically, Exter's Pyramid comes into play. Derivatives will become worthless before much of them can be converted into PMs or cryptos. As for loans, mortgages, and packages of such things, they will become worthless as banks collapse, mostly due to loan repayment failures.
Then you have cash, and that will be good for buying things, but we are talking the physical paper. The bank digits will become more and more untrusted.
Of course, the govern-cements will try to issue new currencies. Backed by gold, oil, bitcoin… but how long will they last?
Why have something that is backed by bitcoin, when you can just have, and hold, bitcoin?
So, all of this uncertainty and movement, and the old-world crumbling to dust, and people doing whatever to survive, this is all coming. The outcome is that crypto will be the new money. And bitcoin will be worth so much, that no one will talk about bitcoin, it will all be satoshis, and micro-sats and pico-sats.
If you keep your crypto bags safe, you will be rich.