Bitcoin wont just enter a bull market, it will be violently repriced seemingly overnight.
Historically (back when gold was still the foundation of money) during periods of financial crisis, economic melt downs, bank failures, and monetary system breakdowns gold would be "repriced". The price of gold in US dollars would adjust seemingly overnight to account for all the damage that was done by the crisis in order to bring back stability.
These repricings were always unexpected and violent.
The next time we experience a financial crisis it wont be gold reasserting itself and being repriced, it will be bitcoin asserting itself for the first time in human history. This will cause bitcoin to be "repriced" violently by the free market. Im talking about a repricing period of six months or less with weekly green candles of $20k $30k or even $50k.
Bitcoin will be trying to reprice to a level that brings stability back to global finance in the midst of a record breaking financial panic, and this requires a price we cannot even fathom today.
When bitcoin does assert itself as the solution to a global financial panic its repricing will happen seemingly overnight.
This is already happening in countries with collapsing currencies. Back in August there was a violent 20% candle in Argentinean pesos.
But always remember, it's not Bitcoin getting repriced in dollars. It's dollars getting repriced in Bitcoin.
reply
You are still stuck on the fiat mindset, stop thinking about price chart and just let go
reply