All The Pieces Are in Place for a Bitcoin (BTC) Supercycle

Dan Held shared: All the pieces are in place for a Bitcoin supercycle:

– World reserve currencies being challenged

– 20-year inflation highs

– Huge Bitcoin awareness and accessibility

– War/Pandemic eroded trust in institutions.

Community Response:

Unless they will use this situation to launch CBDCs and then try to restrict the competition including Bitcoin which will fail in the end but can extend the adoption cycle in the midterm.

That makes no sense. They’re not at all the same type of asset.

He’s not wrong. An unfortunate maelstrom of circumstances as they are.

I’m afraid it won’t happen if we don’t get a stock split… i.e mBTC or similar.

Do you understand unit bias at all? You can already get over 2000 sats per US dollar, post transactions (of any value) to the main chain for around a dime, perform transactions over Lightning for a penny, (and use milli sats over it), and even do deci-satoshi on Liquid™.

Yes, I do but most newbie bitcoiners don’t. That’s the point.

The next generation of finance will all be cryptocurrencies so this is true but probably not in the way that you are suggesting.

I just want to be able to plan and prevent risks.

Probably best to hedge against the incoming CBDCs in that case.

So why we are not seeing a big pump? 42K…

The last point is not favorable.  Also, things do not exist in a vacuum. As much as I share most of the sentiment and hopes, it needs to be said that we are in a crypto-hostile environment at the moment as well as extreme volatility. Hold yes but buy not yet until 53+K.

That’s why we all should invest usdt in bitcoin…

Bitcoin should be over 70k right now, with all this in play.

Good / but one crucial thing missing / the Fed needs to start printing like mad.

The dollar will continue to increase. BTC will continue to fall.

Use the strong dollar to buy your cheap BTC.

As predicted by Dan in August 2021 and probably even earlier… “Now Late August 2021, Dan Held Speculates Bitcoin Undergoing a Supercycle”.

I like plain language, does this mean bitcoin is going up or down in the future?

This, driving to Bitcoin adoption, is wishful thinking. The pointed situations could lead to change in the dominant global empire, as the rise of China is imminent. The next reserve currency might be the renminbi and the crypto “consumer” comparable to the war against drugs.

How’d that war on drugs work out? More imagine it with an item with no physical presence.

We have all of the necessary ingredients for a massive Bitcoin adoption.

You miss one thing: virtually everyone in the west supports the sanctions against Russia, which would be harder to do with bitcoin. They also have a unique chance to attack bitcoin now.

Why do I suddenly see more push to BTC than ever before? Is this that earlier entrants aren’t able to dump? Even thin selling pushes the price down and Twitter is full of records.

Annual report, eventually it will happen, but BTC doesn’t like to be predictable.

Glad I started stacking 3 years ago – Golden rule number 1. GET OFF ZERO.

Inflation is being felt on everyday spending in developed countries for the first time in years. I think this will finally trigger many into trying Bitcoin as a store of value.

But you can’t USE it. “Normal folk” want to and need to USE their money. To like, buy food and stuff. Mass adoption isn’t going to show up for a store of value. When people are going broke they have no value to store. Then it’s just left to whale games.

This reminds me of last year when Lark kept telling everyone they weren’t foolish enough lol saying bitcoin will end the year 100k & over (along with EVERY other influencer expert) and I offered him a 10,000 dollars bet it wouldn’t in Oct, Nov & Dec & when it crashed he blocked me.