In 2008, Satoshi Nakamoto published his whitepaper and introduced Bitcoin to the world. A decade later, Bitcoin grew exponentially. First breaking the $1,000 mark then continuing to the $5,000 and $10,000. With the result to finally crash at around $20,000.
Many people seem to blame regulations for the fall of prices, at least when looking at the Crypto Markets. However, that is not the whole story. When the market crash, everyone tries to find a reason behind the crash. Along with that, it is beneficial to those that control the Bitcoin supply and the bagholders to have people think that these fluctuations are caused by anti-market events in the world, not by Bitcoin itself.
But Bitcoin did not mainly crash because of regulations or any other reason that the media tries to sell to you. Bitcoin crashed because it was set up for a big crash.
Four years after the introduction of Bitcoin to the world it crashed from $979 all the way down to $300 overnight. It then continued a slow downtrend for two years. Later, in November 2015 it started it’s uptrend again. Another two years later Bitcoin crashed again for almost the exact amount as it did four years ago overnight. So Bitcoin crashes were not something new. It was a simple repeat of the market.
What about the next bubble?
So we can expect that the smart people behind these market manipulations become the richest people on planet earth. It seems that the third wave of overly excited people will be gathered throughout the next 4 years. As a result, Bitcoin will be able to achieve huge 1300% climbs once again. So the price of Bitcoin would skyrocket to almost 400k per coin. This sounds crazy but you can still call it a small bubble by today’s standard as the total valuation is only about 800 Billion.
If you compare it to the dot-com bubble with 9,6 trillion dollars, this valuation is pretty low. So there is a lot of space for Bitcoin to skyrocket in the future. Following the trend, we expect that an uptrend should happen again in around two to three years. In four years it might reach his high point and crash again.
…But for now, Bitcoin will probably drop further.
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