In the previous post, we analyzed that the number of days from peak to peak increased by a factor of 1.62 in every wave so far since the creation of bitcoin.
Adding trend channels and Elliot waves principles I counted 5 sub-waves to find the macro peaks.
This analysis shows that we are in the middle of wave 3-3 and that wave 3-3 should end in the summer of 2024 at 1M to 2M per bitcoin and 20T to 40T market cap.
After that, the analysis shows a multi-year correction wave 3-4 and a final wave 3-5 to end macro wave 3 in 2038.
It's hard to imagine bitcoin growing to these values, it will require all countries holding bitcoin as a reserve like El Salvador and issue CBDCs to replace FIAT, that many other crypto assets succeed and that we tokenized real estate, tokenized art music and collectibles, tokenized environmental assets and tokenized stocks. At that point we will probably live in a digital economy where IOT and robots use digital assets to operate and that humans spend a lot of time in the metaverse. I can see that happening by 2050 with exponential growth and singularity.
I will look back to this post in 30 years to see how this played out. 🤞
Adding trend channels and Elliot waves principles I counted 5 sub-waves to find the macro peaks.
This analysis shows that we are in the middle of wave 3-3 and that wave 3-3 should end in the summer of 2024 at 1M to 2M per bitcoin and 20T to 40T market cap.
After that, the analysis shows a multi-year correction wave 3-4 and a final wave 3-5 to end macro wave 3 in 2038.
It's hard to imagine bitcoin growing to these values, it will require all countries holding bitcoin as a reserve like El Salvador and issue CBDCs to replace FIAT, that many other crypto assets succeed and that we tokenized real estate, tokenized art music and collectibles, tokenized environmental assets and tokenized stocks. At that point we will probably live in a digital economy where IOT and robots use digital assets to operate and that humans spend a lot of time in the metaverse. I can see that happening by 2050 with exponential growth and singularity.
I will look back to this post in 30 years to see how this played out. 🤞