How the Price of Bitcoin Goes Parabolic

The long-term bullish case for bitcoin.

Bitcoin Binge
Published in
7 min readJan 10, 2021

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Bitcoin Parabolic

Bitcoin is poised to continue on a parabolic track. Here’s a closer look at the long term bullish case for bitcoin.

US Dollar Debasement

The US dollar is the world’s reserve currency. Bitcoin has not changed that. It has, however, shed light on the depreciation of the dollar. Bitcoin gives us a new lens that has refocused our attention on the overall concept of money and how it works.

Bitcoin is a new lens that has refocused our attention on the concept of money and how it works.

Since its inception, the US dollar has experienced inflation. Inflation is considered a standard part of the monetary system. We expect it and attempt to account for it by beating inflation.

The financial crisis of 2007–2008 reinvigorated a practice of money printing and quantitative easing that had already been utilized throughout the history of the US dollar.

Quantitative Easing

The 2008 financial crisis was a wakeup call.

COVID is the financial crisis — multiplied.

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