Bitcoin’s First Full Market Cycle Ends With $3T Cap, $150K BTC, and Major Attack

Most people are keenly aware of Bitcoins potential, but until that potential is closer to being realized, nearly all of its value is derived from the masses speculating over its future value and use as a global currency. But its difficult to perfectly predict the future, and uncertainty around regulation, and future competition from the likes of Facebook and even other altcoins puts Bitcoins future as the sole crypto to rule them all in jeopardy.

One particular trader and investor, with over 25+ years of trading experience across forex and crypto markets, says that as Bitcoin completes its first-ever full 16-year market cycle, the leading crypto asset by market cap will have reached a value of $150K per BTC, have a $3 trillion dollar market cap, will have experienced a major, coordinated attack, and suffer a grueling six-year-long bear market before the next phase in the assets lifecycle begins and Bitcoin reaches its true potential.

Crypto Analyst Predicts Full 16-Year Market Cycle for Bitcoin, $150K BTC

All financial markets cycle, in different timeframes. The crypto market just went through a hype-driven peak, followed by a year-long drawdown and bear market. That cycle is now starting to display the beginning signs that the cycle is restarting.

But this was just one minor cycle, and in financial markets, there are commonly many other cycles to be considered. Oftentimes, markets cycle alongside United States presidencies, and others are simply tied to time.

Related Reading | Bitcoin Price Monthly Moving Average Growth Hints At Where Crypto Market Cycle Is At

As Bitcoin is nearly more than two thirds of the way through of its first ever full sixteen year market cycle, and with a new macro cycle beginning, career trader with over 25 years experience in forex and crypto markets, has attempted to predict some of the major milestones and challenges the cryptocurrency will face along the way, as it gets closer to fully reaching its potential as a digital replacement for money.

The analyst says that once we see Bitcoin above $150K per BTC, with a $3 trillion market cap and broad institutional participation, ETF’s, retirement money, and a working layer 2 payments capability Bitcoin will finally become a target worth attacking.

He expects heavy and coordinated regulation and/or outlawing of Bitcoin, coinciding with the top of the next Bitcoin bull run in circa 2021, and itll lead to a six-year long bear market. And crypto investors thought the 2018/2019 bear market was long and painful.

Loukas does entertain the fact that hes not Nostradamus, and could be full of shit, but in a market driven by speculation, so too are other crypto investors taking a position in the asset class were all hoping our prediction for future valuation and use case comes true.

Related Reading | Majority of Crypto Investors Never Experienced Bear to Bull Transition

If it does, it wont be without many painful challenges along the way. But Bitcoin was designed to be resilient and thus far has survived a decade of naysaying, all while its value or underlying technology isnt fully understood by the public stopping it at this point will be nearly impossible.

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The post Bitcoins First Full Market Cycle Ends With $3T Cap, $150K BTC, and Major Attack appeared first on NewsBTC.

14.06.2019 / 13:20 25
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