short termers are scared and selling while bitcoin is ranging. Long termers (these days that's mostly institutions) are buying up bitcoin by the truck load. Look at companies picking up thousands of bitcoin a week (some weeks tens of thousands) to add to their treasuries, and the ETFs picking up tens of thousands of bitcoin weekly.

Basically, a supply shock is coming. Institutions are eating a buffet of bitcoin while prices remain range bound. Price is gonna eventually break upwards at which point the retail market / short term people are gonna realize there is way less bitcoin in the market than there was a few months ago as they start buying at higher and higher prices to not miss the pop upwards. Price probably zooms up to $120k's this summer, maybe even over $130k.

For the couple years since the bear market ended, every roughly half year the price pops up and then is range bound for another half year. It's been about half a year since the last jump up, and supply is being sucked up with prices going sideways..I think we'll see the next jump up soon.

Also right now there are it seems multiple companies EACH eyeing ~billion or multi-billion dollar purchases (Metaplanet alone is talking about making a $5B purchase). If those companies all buy in the next few weeks we could see like 100k bitcoin taken out of the market very quickly just from a handful of companies. It is definitely feeling like we are getting close and closer to the dam breaking and having the price pop up to the next level.

BTC is hanging out under $110k, just under it's recent ATH, and right around the previous ATH's hit in December and January.


But so many things are happening for Bitcoin right now.

- Trump's tyrannical economic and political attack on the US is making the world very wary of the US, the US Dollar, and of continuing to buy US debt. This means people are looking to get away from USD and are looking for a strong store of value. Old fashioned people/institutions will and have been going to gold, but those who are up to date are moving into Bitcoin.

- Several nations are talking about adopting a Bitcoin reserve at some point once the political will is there (US being one of these), and Pakistan just announced it will be the next country to do so.

- US States are starting to adopt Bitcoin reserves, with NH being the first, and TX looking like it's about to become the second. Likely a few more on the way in the next year.

- BTC ETFs are again on an inflow surge, scooping up thousands of bitcoin basically every weekday.

- It has just recently become a weekly thing for one or two companies to announce they are starting up bitcoin treasuries, and add this to the usual weekly buys of Strategy and Metaplanet, basically every week corporations are buying up hundreds of millions to a couple billion dollars of bitcoin.

- Block just announced they are adding BTC payments next year to their payment PoS apps, and there are TONS of stores that use them for payments. While I doubt they'll actually be processing many bitcoin payments, and it'll take a bunch of years for that volume to really grow to anything significant, this at least is hugely symbolical in that it means merchant adoption of Bitcoin is beginning and gets a huge jump start next year.

- Various other bullish things of Bitcoin being added/adopted in the world that I keep seeing in the news.




With all this happening, it's actually pretty dang surprising Bitcoin only broke it's ATH by a couple thousand dollars and didn't blast off much higher. I think there's a lot of retail and traders selling for short term profits at the moment after Bitcoin went up by over $35k from the April bottom. Once this short term profit taking clears out, it's hard to imagine the price won't blast off at least up to the $120k's this summer.

Institutions are eating up tens of thousands of bitcoin every week for the long term. The dam is gonna break and we're gonna get the next leg up soon I think.

Obviously it's a great strategy for any company - moving from holding corporate treasuries in inflating fiat to hard-currency bitcoin.

I personally wouldn't use these companies as an investment just because they own bitcoin. For an individual, owning bitcoin is much better and more useful and safer than investing in companies just because they own bitcoin.

But yeah for the companies themselves, it's great as part of their corporate financial strategy to make their company fiscally stronger.

And it's great that the trend is finally starting to catch on after stopping at only a handful of public companies back in 2020/2021. Since about a year ago, once the ETFs  showed that Bitcoin was starting to break into traditional finance, new companies started to do it again and I'd seen usually one announcements per month of new companies adding bitcoin during that time, but over the past month or so that seems to have drastically picked up to one to two (sometimes even three) companies per week! The corporate treasury adoption of Bitcoin is finally continuing and speeding up!


Still waiting for the day when one of the big trillion+ dollar companies (amazon, facebook, nvidia, meta, microsoft, google, apple) that are each sitting on 40-100 billion dollars of cash decide it is finally time to do the smart thing and put some of that into bitcoin. Each of these companies could easily buy like 5-20 billion dollars in bitcoin without feeling like they went too heavily into bitcoin. One of these companies adopting a bitcoin treasury I think would really be the signal that yes this is becoming mainstream now even for the largest companies and not just for smaller, mostly zombie, companies as a way to prop up their stock. But who knows how many months or years we are away from those giants getting with the program.

It's hard to take you seriously when you use terms like "sleepy joe". Only idiots/extremists like Trump say those sorts of things.

Also you're way too obsessed with presidents of one country if you refer to Bitcoin ATHs being hit under such "leadership". Bitcoin has nothing to do with Trump or any other president. Please don't try to associate the best and most incorruptible money humanity has ever had with the most corrupt president the US has ever had.

lol, the latest in a long history of dumbest lawsuits ever.

I guess this is why I always see people include the phrase "this is not financial advice", cuz some idiot will try to sue you if they make a bad move in the market with some asset someone mentioned lol

I'll be interested to see what the ETF markets did today. Since institutional investment is what is driving Bitcoin price growth these days, the ETFs are a good barometer of if the momentum will keep pushing up or stall for a bit.

If ETFs bought huge today as the price passed the old ATH from January, that's a good sign that price is heading into the next surge to take it to the next level in the coming weeks (perhaps $120k).


Personally I could care less what the price does in the short term. I would just like to see solid 20+% annual growth the rest of this decade so that it's passing a quarter million or maybe even $300k by end of the decade.

Exactly. It takes all of 5 seconds for someone to learn that any amount of Bitcoin can be bought, not just whole Bitcoins. And it takes another 5 seconds for people to learn that the smallest unit of Bitcoin is a Sat which is 100millionth of a Bitcoin.

Absolutely no reason to change anything about the format of Bitcoin units.

And anyone is free to think of bitcoin in either of the main two units or any sub-unit of those - bitcoins, Sats, milli-bitcoins, micro-bitcoins, kilo-Sats, or whatever denomination makes the most sense for them. Nothing needs to change for that to occur. Just as the dollar doesn't need to change it's base unit for people to think of their money in terms of thousands of dollars, you just stick a 'k' after the number of thousands.

Bitcoin doesn't ever need to be priced in something that isn't a bitcoin, it doesn't ever need a new format for units. It is very easy to learn the basic units of Sats and bitcoins. Anyone who doesn't know these basic facts that just means they have literally never spent even one minute learning about Bitcoin.

These hairbrained change-the-units ideas are a problem that doesn't exist and are made by people just looking to create confusion in Bitcoin.

Looks like a good chance for today to be the highest day in this chart, and possibly even to hit a new ATH...actually just checked the price it just broke $109k and is only tens of dollars away from the ATH, so yeah ATH is basically getting broken right this moment!


Wonder if this is the start to a pump to the next rung up the price ladder, like to $120k+, or if it still needs to build momentum for a while for a true breakout to new levels.

It's a very dumb idea. There is zero reason to change the naming for Bitcoin units. It would only confuse people and have zero upside. It would purely be a negative thing.

#2 position ahead of all the companies could definitely happen before the end of the decade, maybe even sooner.

Passing Gold though will likely take a few decades. Even if Gold price didn't increase at all, that'd take over $1M Bitcoin, so we're talking probably at least 15 years. But there's a decent chance Gold increases a good amount over that time, so maybe more like 25 years.

Of course on the other hand, considering how much Gold has gone up the past year, the price of Gold could definitely head back down for a number of years, as it did most of last decade, so that it's possible if Bitcoin is like $800k, let's say, by last 2030s, it could already have passed Gold's market cap. But if Gold keeps growing even a few percent a year it'll take much longer than that.

I retired off Bitcoin back in 2019 when it was around $10k. So my answer to the question is yes haha, did it almost 6 years ago! Thanks Bitcoin!

lol not at all.

Bitcoin is spread pretty evenly in the political spectrum. It's just that among elected politicians, for some reasons Democrats mostly don't like Bitcoin, while Republicans have started accepted it lately. I would guess Democrats don't like it because they haven't actually researched it but have just read articles about it's energy usage, and they don't understand the finer details about mining that make it not bad for the environment, like the fact that the mining industry naturally chases cheap energy which drives them toward renewables and wasted energy.


But of course extreme right wingers are always the loudest and most belligerent people in society and blindly attack everyone else, so right wing extremists like to claim that liberals don't like Bitcoin and that Bitcoin is a right wing thing now lol. In reality among the general public the only divide between liking Bitcoin and not liking Bitcoin is whether someone knows what Bitcoin actually is, and has nothing to do with political spectrum.


Ideologically, liberals naturally like Bitcoin because it improves people's rights and economic opportunities.
While conservatives naturally like Bitcoin because it is non-govt money so they see it as anti-govt. Though for conservatives, Bitcoin makes strange bed fellows because Bitcoin is also all about freedom and transparency, while conservatives these days are all about corruption and authoritarianism and stripping people of rights, but I guess conservatives anti-govt views in this case are overriding their love of corruption and authoritarianism.

Any one who thinks Bitcoin has become right wing probably only thinks that because they themselves are right wing and live in a right wing echo chamber and don't have access to much in the way of honest news. Sadly that is the case for conservatives these days, which is why they've become so radicalized and have had such a break with reality and have a love of criminality corruption and authoritarianism these days.

Sounds like he's saying they will allow their clients to buy the existing BTC ETFs through JPMorgan, rather than create their own Bitcoin product. I guess there are people who literally only use one brokerage to invest with and so this will likely open up new people to the Bitcoin ETFs.

But the main thing about this news is symbolic: one of Bitcoin's biggest public haters who constantly attacks it, basically just said that while he personally still feels the same way, he has to admit that out in the real world he is wrong and that his company needs to be involved with Bitcoin.
Just shows you that even the harshest critics of Bitcoin eventually eventually have to admit they were wrong.

That's just stupid.

So to the casual observer the price of a bitcoin would suddenly fall from ~$100k to 0.1 cents lol. Doesn't exactly sound like a good idea.


And the whole thing would be very confusing. Everyone who knows about Bitcoin understands there are 21 million bitcoin and each bitcoin is 100 million Sats. That's not a difficult concept, literally just explained it in one sentence haha. The idea that this is too confusing for people to understand and after 16 years the entire naming scheme of Bitcoin should be changed, and that "BTC" units would be different than "bitcoin" units...that's all just terribly confusing for no good reason.

This is really a bizarre proposal. And like...the protocol wouldn't change at all right? This would just be a UX change in bitcoin applications right? So how would you even enforce this? It would just lead to a state in which some applications/exchanges/websites make the change and a bitcoin is a Satoshi while others would stick to the original format where a bitcoin is 100 million Satoshis.

lol whoever came up with this idea is literally just trying to cause chaos and confusion and hurt Bitcoin's perception.


Also strangely, I just heard about this by reading an article on CMC about it before coming here and seeing this thread, but the CMC article said it was something completely different lol - it said the proposal was to get rid of Satoshis entirely and make the base unit 1 million bitcoins instead of 100 million Satoshis. So already people are confused about what the proposal even is, I can't imagine the confusion if parts of the Bitcoin ecosystem actually decided to implement this nonsense.

Up at $106k now. And has been gradually building up strength this month. Could very well see new ATHs and possibly over $110k this month if market can keep slowly building up momentum, thousand by thousand.

lol 5 years?! What is with the crazy desire to have it go up so fast? I mean sure that would be great but obviously it isn't remotely realistic. We aren't in the 2010's anymore. Bitcoin can't move 10x anymore like that.

A good reasonable timeline for reaching $1M Bitcoin is 2040, give or take a couple years.

A $1M price for bitcoin isn't "kinda wild", it's inevitable. Eventually $1M will be very small compared to Bitcoin's price, though by the time it is in the tens of millions much of that is just going to be from inflation of the dollar. But it's gonna take time to grow to $1M territory. We're still many years away from such prices.



Just think about it this way: it took bitcoin 7 years to go from hitting $10k for the first time to hit $100k for the first time (and the one before that, $1k to $10k, took 4 years). Bitcoin growth has been and will obviously continue to slow over time. It's completely absurd to think the next 10x would happen quicker than the last one. So the next 10x from $100k to $1M is going to take a lot more than the 7 years it took for the last 10x. 15 years is a reasonable time frame.

For sure the economic and govt instability/chaos/madness of the US starting in 2025 is not good for Bitcoin. Investors like stability.

Anyway I think it seems clear the old 4 year market cycle is over now anyway. Long gone are the days of 2013/2017 bull runs. After 2017 when most people found out about Bitcoin, and then watched it crash in 2018, the average person is now too scared to jump into Bitcoin when it goes up. The "but it always crashes" mentality is there. Anytime I talk to someone about Bitcoin post-2018 they say either "it always crashes" or "it's too late I missed it". So there's no more giant bull runs with blow off tops where millions of people are flooding into Bitcoin all at once. Now for people to get into Bitcoin it is generally going to be because they each individually finally did their research. It's a much more gradual process of people educating themselves, rather than a flood of new people chasing hyped up quick gains.

But that's for retail. Obviously institutional players, still quite new to Bitcoin, are the ones driving the growth. I think, as long as the lunacy in the US doesn't lead to a global depression, we should generally see annual growth in Bitcoin now, instead of the boom/bust 4 year cycle. Plenty of volatility, dips and pumps and sideways and whatnot, but no giant year bull market.

Like you say, smaller rises and smaller bull runs. Like we've already seen the past few years. $15k -> $30k then stall for a while, then to $35k then stall, then to $40k's and stall for a bit, then the ETF launch brought it to $70k+ then stall for a while, then hype around US bitcoin reserve brought it $100k+ but then that hope dimmed for at least the time being combined with the new US admin economic chaos so it's stalled again now. I expect this sort of dynamic to continue in the coming years. Gradually going up in this fashion.

So yeah rather than a super cycle, I think it is better described as simply no more boom/bust 4 year cycle now. Smaller ups and downs on something closer to a half-year timeline. With Bitcoin moving up a leg once or twice a year in general, either from big institutional adoption events or simply when resistance breaks after months of sideways. I could see $200k being reached maybe in 2027 if the global economy survives the politics going on right now, after 3 or 4 more of these once-every-six-months-or-so pumps.

Of course major institutional adoption events could speed up or enlarge these pumps. Like say is US actually passes that 1M bitcoin reserve bill (or if several other nations announce bitcoin reserves), or if one of them trillion dollar companies announces they are switching to a bitcoin treasury, or something like that.



Hyperbitcoinization, or the "gradually then suddenly" idea, is a myth people tell themselves to get excited. We're looking at a couple decades of gradual growth to a mature and normalized market as local/regional/national govts adopt Bitcoin reserves, companies adopt bitcoin treasuries, and TradFi investors adopt Bitcoin through ETFs, while the general public slowly educates itself and starts saving in Bitcoin, growing the general public adoption a few percent each year. No more miracle years, and not likely to be any sort of massive super cycle. Just gradual adoption as Bitcoin is out of its early years and now has the long probably couple decade slog of going from new player in finance to respected mature asset.

I hope that is sarcasm haha. This isn't the 2010's anymore, Bitcoin can't grow like that anymore, which is clear from this decade.


I think $500k is realistic in 2035, and $1M in 2040. Could be a couple years faster if stuff like corporate and govt adoption of Bitcoin really ramps up / starts up in the next few years and starts to normalize Bitcoin rather than Bitcoin continuing to be seen as a pariah financial asset by most people for a long time to come. On the other hand it could take a couple years extra if that sort of adoption continues to proceed very gradually as it has so far this decade.

The "Businesses", "Funds & ETFs", and "Governments" amount of bitcoin is gonna grow a ton in the next decade as owning bitcoin by those types of entities becomes more normalized and commonplace. Those groups will eat up likely a few million of the "Individuals" share of bitcoin over the next decade or so (along with most of the unmined bitcoin), even as there could very well be another 50-100 million new individuals during that time buying up bitcoin. Gotta love the endless supply cruuuuuuunch for Bitcoin.

You realize there is a different between market cap and the inflow of money right?

A $150k-$200k price would be a market cap increase of $1T to $2T, but of course the amount of inflowing money needed to achieve that is a fraction of that amount.
So bitcoin doesn't need a trillion or two dollars to get to those prices, but maybe something like $100 billion inflow (without significant selling) to reach those price ranges. It's possible, though I don't think terribly likely in that short of a time. That'd probably take ETFs picking up several tens of billions of dollars the rest of this year, MSTR pick up a couple tens of billions of dollars, govts to pick up another ten billion dollars, other corporations to pick up another 10 billion or so, and individual buyers to go on a bit of a buying spree as well. At least to reach the $200k price. $150k is obviously quite a bit easier, but will still take significant inflow from new sources.