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In this video, I discuss the possibility that we are currently in a Bitcoin price supercycle, that will take Bitcoin prices much higher than current price targets of $100,000 to $300,000.

A Bitcoin supercycle could mean that we see prices of $800,000 to $1.5 million per Bitcoin in the next 12-18 months.

The current bull run, kicked off by the May 2020 halving, is quite different from the 2017 bull run in many respects:

1) It is mostly being driven by institutional accumulation of Bitcoin by investors with long-time horizons.

2) Bitcoin on-ramps and off-ramps are much more widely available and user-friendly than in 2017. The same goes for Bitcoin custody and storage.

3) The narrative around Bitcoin has coalesced around Bitcoin as digital gold, so there is no hard fork civil war, as there was in 2017.

4) Bitcoin has Wall Street support and banking regulator approval this time around. Fears of a government ban are unfounded.

5) There is no longer the need to take profits by selling your Bitcoin. Sophisticated investors will never sell, but will rather borrow against their Bitcoin holdings. This will create less selling pressure than in 2017.

6) The macro backdrop of extreme central bank money printing was not present in 2017, but is present today and will continue for the foreseeable future. This makes the need for something like digital gold more pressing than every before.

The net result is that we could see much, much higher Bitcoin prices this time around, with only a very shallow bear market with a 10-20% pullback instead of a 80-90% pullback.

Not investment advice! Consult a financial advisor.

Dan Held and the Bitcoin supercycle:
https://www.whatbitcoindid.com/podcast/the-bitcoin-supercycle

Plan B price targets:
https://twitter.com/100trillionUSD/status/1357638054815621122

https://medium.com/@100trillionUSD

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https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

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