RE: Macro Movement: What if everyone is wrong?
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While I agree it's possible it trades sideways, I just can't see it doing so within such a small spread. It's still able to make massive moves in either direction at the drop of a hat. I still think $100k is in the cards, but I also don't think $30k is out yet. Who knows? We could see both those numbers hit in the next 12 months. Bringing in Wall Street has definitely mitigated the "cycle" theory, in my opinion. It's still there (the next halving is still a very significant event), but timing it has probably become much more difficult. HODL still rules the crypto world as the best way to actually make money....
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I'm honestly not sure if the next halving event really matters at all.
For all intents and purposes Bitcoin basically has 0% inflation.
There are 19M BTC mined with only 2M to go over the next hundred years.
I agree it's impact could be smaller, but it kind of incentivizes the miners to take the price higher, doesn't it? I mean if their earnings are "halved" they really need the price to double to make the same money. I don't know how much impact they can have on the price but...if they want to keep making the same money, they're going to need higher prices to sell into.
Obviously Wall Street has gotten into bed with a few of them. The incentive is there...
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