There will only be 818,913 more bitcoin mined before the next halvening event.
That is only $3 billion worth of bitcoin.
Let bears enjoy a few extra percentage points.
Worrying about catching the exact bottom is like trying to pick up a penny in front of a steamroller.
https://twitter.com/alecziupsnys/status/1099746204433506304?s=21Well nobody new is buying at the moment, let alone $3B of new money. Down we go.
Well, that doesn't include any existing holders who wish to cash out a little bit to fiat.
A net sale is a given for the next year or so, but that might only mean a slow drift down, not a sudden move at a predictable time..
IMO any new buyers in the next year or two will take up the issuance, leaving the price in a stable range. If volatility is low for a long time, it will ease objections about volatility making real use cases difficult..
Between 3k and 4k until 2021 is quite possible.