Actually today I read an article by someone named Dan Held (looking him up he's apparently an early bitcoin adopter and an executive at Kraken) who is saying exactly what I'm saying here in this thread. That Bitcoin is now entering a super cycle, as he calls it.

So instead of the typical 4 year cycle coming to a close in a year, Bitcoin is now entering a super cycle that will create a bull run that lasts for multiple years, instead of a peak in a year followed by an 80% crash and a 3 year wait for the price to come back up before the next leg up. The end of this 4-year cycle will morph into a larger super cycle thanks to acceptance from institutional investors. This super cycle is a new phase for bitcoin investment - moving from a retail investor driven market to one driven by institutional investors with enormously more money to throw around. It's the type of thing where we are gonna see maybe a half decade of growth with no substantial bear market in bitcoin as institutions work their way into the market. This super cycle will take Bitcoin from $20k to $1 million (or something like that) in that time frame.


Here's the article. This guy is thinking exactly what I have been thinking recently:

https://dailyhodl.com/2020/07/08/bitcoin-super-cycle-could-bring-btc-to-1000000-in-four-to-five-years-heres-how-according-to-dan-held/