Post
Topic
Board Bitcoin Discussion
Re: The bitcoin market and miner will still in bull until start of 2022
by
pooya87
on 13/05/2021, 05:57:16 UTC
These over-issued currencies can only go to the stock market, housing market, commodities, and Bitcoin.
First of all they minted the new money and it is not yet entered the circulation. It would take time and will cause a big inflation over time.
Secondly if that amount of money had found its way into bitcoin then bitcoin price should have been over a million dollar by now.

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2020 is the day when Bitcoin halves.
Bitcoin having was 2 years ago not this year and will happen again in 2 years.

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Generally speaking, the bull market will come in the second year after the halving.
The bull market starts after the previous cycle ends which was in 2019ish and we have been in a bull market ever since price broke the $4k resistance.

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world's top 500 listed companies have come to buy bitcoin or buy mining machines.
This sounds made up nonetheless buying ASICs is not going to increase bitcoin price!