Uncategorised
The Bitcoin Supercycle: Can BTC *really* reach $1,000,000 by 2022?
Date: 2021-03-05 16:15:05
Bitcoin Supercycle is the theory that this time it’s different – we aren’t in a normal 4 year bull bear cycle but rather a Supercycle that will take us to $1M per Bitcoin and never face another 80% or so drawdown during a long bear market. In this video I want to take a closer look at this theory popularized by Dan Held and dive into the 4 reasons that support this theory, my 2 reasons that could invalidate it, and also some trading and take profit strategies for your Bitcoin holdings if we do in fact experience a supercycle. Hopefully you find this overview and explainer valuable because this sure is a fascinating Bitcoin related topic for me!
Dan Held’s original post:
Over $350 in exclusive offers for you:
Get up to $250 by signing up for BlockFi:
Timestamps:
0:00 Intro (What is a Supercycle?)
2:31 Macro environment is different
3:24 Institutions are here
4:41 Infrastructure is better
5:39 Singular digital gold narrative
6:23 What are the Bitcoin price targets?
8:41 Some hurdles to Supercycle
9:00 Effect of a recession
9:48 Unpredictable government actions
11:40 Trading strategies for a supercycle
13:10 Kevin’s final verdict
#Bitcoin #Supercycle #BTC #Price #Prediction #Target #Analysis #DanHeld
