How long must the protocol run before everyone accepts the fact that Bitcoin WILL surge towards 6 digits, and possibly become stable at 6 digits after 2 more bull cycles?
Bitcoin can never become stable but volatility can reduce. After bull cycles? Bolatii has been decreasing right from when bitcoin was created if every halving period are compared.
First halving, 2012Initial price: $11
Highest prices: around 1100
That means it increased approximately 100x
Second halving, 2016Initial price: around and below $700
Highest price: all time all of $19,665.36
That means it increased over approximately 28x
Third halving, 2020Initial price: around and below $8000
Highest price: all time all of $16900
That means it increased over approximately 8x
Volatility has been decreasing right from the beginning, the volatility will also continue to decrease as adoption increase.