Could Bitcoin Really Go To $100,000 In The Next Cycle?

What are your thoughts on what we discussed? Do you think there's a possibility to bitcoin reaching $100,000? Feel free to leave a comment below! Thank you all so much for watching the video. If you enjoyed the video, please consider dropping a like, subscribing, and ringing the bell icon.

In around 300 days, Bitcoin (BTC) will experience what is known as a “halving” or “halvening”. This event, which occurs in predictable four-year cycles, sees the amount of the cryptocurrency issued every ten minutes halve, this time from 12.5 coins to 6.25 coins per block.

This is Bitcoin’s monetary policy, which is practically set in stone due to the consensus mechanisms that Satoshi Nakamoto implemented into his brainchild.

While the halving may seem mundane, with it being something that the mainstream and media outlets can easily gloss over, Bitcoin investors have clutched to these events as precursors to bull rallies.

Just look to the below chart. As the long-term, logarithmic chart of BTC’s price history accentuates, the halvings, marked by the black vertical lines, were what seemingly kicked off parabolic moves higher, during which the cryptocurrency market saw spurts of growth that can be defined by orders of magnitude.

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