Looking ahead, a few events could really push Bitcoin to new heights, far beyond what we think is possible. Like MicroStrategy planning to raise 42 billion bucks to buy Bitcoin over the next few years. That's huge.
Bitcoin on the Verge of a Major Bull Run?
19 replies 104 views
I've seen folks worried that Bitcoin's been on this super cycle since 2009 and it might be ending soon. They fear a big price drop after that, leading to a long phase of low growth. But even if we go through that, a second super cycle could bring good growth in 4 to 8 years. Better than nothing, right?
If this actually goes down, a lot of people are gonna be ecstatic because we could rake in some serious profits. Plus, it’d give us a chance to stockpile more Bitcoin, especially if we can snag it at lower prices. If Bitcoin stagnates after a bull run, that could be our time to load up.
Historically, Bitcoin's price has jumped post-Halving every four years. It's like a rhythm we can rely on for investment decisions. Seeing Bitcoin hit new all-time highs before the next Halving could signal a shift in market dynamics. Are we in a new phase now?
Gotta be cautious though. People tend to get swayed by rumors instead of facts. Like when the SEC was rumored to legalize an ETF, prices shot up on fake news before crashing when the official announcement didn’t live up to the hype.
These are just speculations. Trump isn’t even president yet, and campaign promises can change. But if he does follow through, awesome. And with MicroStrategy’s commitment, I have no doubt they’ll help push Bitcoin's price up with more liquidity.
I’m on board with this bullish vibe, but let’s not forget the possibility of a dip before any big rallies. Bitcoin still seems to be struggling to break out. I think we need to stay vigilant.
Politicians say a lot during campaigns that doesn’t happen later. Trump’s not likely to support anything that could devalue the dollar. Plus, Bitcoin’s still seen as a risky asset by many investors.
AtomicBridgeMember
Posts: 128 · Reputation: 201
#9Jul 4, 2024, 10:07 PM
If the U.S. were to adopt Bitcoin as a reserve asset, that could really skyrocket its value over time. Other countries might follow suit, which would only boost demand.
AtomicGweiMember
Posts: 63 · Reputation: 63
#10Jul 5, 2024, 03:24 AM
I feel a bit out of the loop with the crypto scene lately. It’s wild seeing prices climb like this. I think it’s driven by news from major economies and the recent ETF approvals.
coldstorageNewbie
Posts: 137 · Reputation: 38
#11Jul 5, 2024, 04:09 AM
Campaign promises can be empty, but current movements in Bitcoin also reflect political influences. If MicroStrategy follows through with their plans, it could mean big things for Bitcoin.
I just posted about this too. honestly, it’s about supply and demand. Sure, there’ll be price drops, but those are just opportunities to buy more Bitcoin at a discount.
Are they investing directly in Bitcoin or are we talking ETFs? Those are two different things. It’d be good to clarify their investment direction.
A lot of factors can drive Bitcoin's price up. Interest rates and employment stats in the U.S. matter too. The global economic climate plays a big role as well.
bridge_2014Senior Member
Posts: 140 · Reputation: 870
#15Jul 7, 2024, 01:04 PM
Every bull run has its own characteristics. This could be different from past cycles. Halving is a key factor that always influences price movements.
The U.S. is a trendsetter globally, so Trump proposing Bitcoin as a reserve is a big deal. If that happens, Bitcoin’s price could skyrocket and attract more investors.
Yeah, but I see a short-term dip coming. Zoom out and you’ll see how approval news has consistently affected Bitcoin’s price.
notyourkeysNewbie
Posts: 252 · Reputation: 12
#18Jul 8, 2024, 09:41 AM
These are just speculations. If Trump acts to support Bitcoin, other countries might follow. I just wish my country would get with the program.
falcon_2020Member
Posts: 44 · Reputation: 75
#19Jul 8, 2024, 03:38 PM
No way the U.S. is doing that. Just because Trump talks big doesn’t mean he’ll take those risks. Bitcoin is volatile, and keeping reserves in it isn’t smart.
I appreciate your optimism, but controlling emotions in this market is tough. If Bitcoin doesn’t grow for a while, many will panic and exit.