BTC has definitevely entered a new, flatter slope of growth
This is the BTC chart since 2012. Those who warned that a higher market cap would result in a slower nominal growth going forward were, obviously, correct.
This new growth channel still technically allows for $150,000 before 2022, but also for prices as low as $20,000. Eventually, (maybe in 10+ years) a flat curve will likely develop signaling BTC's readiness to be used as a stable global currency. But the road will be long and governments are only intensifying their crackdown on currencies out of their control. But we will win....or die in glory.
This new growth channel still technically allows for $150,000 before 2022, but also for prices as low as $20,000. Eventually, (maybe in 10+ years) a flat curve will likely develop signaling BTC's readiness to be used as a stable global currency. But the road will be long and governments are only intensifying their crackdown on currencies out of their control. But we will win....or die in glory.
Comment:
150k in play. top trendline can still be touched this cycle.