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Home Cryptocurrency news Bitcoin

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

Tony Spilotro by Tony Spilotro
2 years ago
in Bitcoin, Cryptocurrency news
Reading Time: 3min read
Bitcoin’s First Full Market Cycle Ends With $3T Cap, $150K BTC, and Major Attack
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Most people are keenly aware of Bitcoin’s 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 it’s difficult to perfectly predict the future, and uncertainty around regulation, and future competition from the likes of Facebook and even other altcoins puts Bitcoin’s 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 asset’s 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.

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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.

Expect heavy and coordinated regulation and/or outlawing of Bitcoin. This will become the next bull market top and bear market catalyst. Circa 2021.

Bitcoin suffers a prolong and sustained bear market as a result. 2021-2026. Completing the first 16-yr Cycle.

— Bob Loukas (@BobLoukas) June 13, 2019

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 it’ll 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 he’s “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 – we’re 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 won’t 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 isn’t fully understood by the public – stopping it at this point will be nearly impossible.

Featured Image from Shutterstock
Tags: bitcoinbitcoin pricebob loukascryptoprice prediction
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Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a digital media executive and global remote work leader with a decade of content experience and excellent. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter and feel free to drop me a line if you would like to work together.

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