Bitcoin: The Last Cycle

We all have our own ideas on what the future of Bitcoin holds and how high the price will eventually go. For people who are bullish about Bitcoin, usually, their price predictions are very high with the sky being the actual limit. There are a lot of factors that come into play when determining this answer. You need to take into account the strength of the dollar and other currencies, the world macro factors, inflation, if Bitcoin has been adopted as legal tender in other countries, if it has surpassed gold as a store of value, and finally if it has been the world reserve currency. The list goes on and on, but I’m sure you are getting the point.

Each day that Bitcoin survives, it becomes stronger, and those price predictions begin to have a higher chance of becoming a reality. I am about as optimistic as a person can be for the future of Bitcoin. So if you are anything like me; it becomes more of a question of not the price going up, but will these four-year cycles continue? The four-year cycle is centered around the Bitcoin halving, which cuts the mining reward in half approximately every four years.

Throughout Bitcoin’s short history, the price has been directly correlated to this event. About seven months…