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@cryptokid Likely correct.
$BTC typically tops 17 months after the halving, that's around Oct 2025. We're also 3 legs into the trend and nearing $150k resistance.
As BTC nears its cycle top and beyond, capital flows into ETH because there's more upside potential.
Top likely end of 2025.
@Erdan78414942@cryptotea@grok I'll make this easy for you. If there is $10B in sell orders between $118k-$120k and someone buys $5B of them, what will happen to the price?
@TheCryptoLark None at the moment. Bitcoin is too far into its bull run, *maybe* some ETH because it could double from here.
I would probably buy gold and risk a 20% pullback versus a Bitcoin 50% pullback, then buy Bitcoin when it hits the bear market low like in the $70k range.
You are correct. The gold supply would not keep up with economic growth and likely lead to deflation.
I believe the monetarist view was correct (Milton Friedman), the money supply should grow in lockstep with GDP to avoid inflation caused by excess money supply. Government spending is the problem, not fiat inherently.
The money supply may not be pegged to gold, but nothing is stopping people from holding gold or Bitcoin.
I find it amusing that these Bitcoin maxi's think they've found the holy grail of money but typically don't understand a thing about economics.
@realcryptoface Yup.
$BTC's Lifetime Resistance is in sight at $150k.
Leg 3 of the bull run, 17 Months after the halving is October 2025. The highest ROI month historically is Nov, $150k is highly likely.
@mikealfred I wouldn't expect a 2017-style euphoria phase; this is the new norm.
We're likely heading toward the cycle high of around $150k-$160k in October-December 2025. After that, $BTC will likely retrace 70% to around $50k.
There's no reason yet to believe BTC won't repeat history.