$150k A Reality By 2023 ?

For those of you who love charts you can see from the birth of crypto a cycle that keeps playing out. This next cycle seems to push us to 2023 at a value of $150k per bitcoin but it also shows one more thing. Bitcoin has not yet hit it's bottom.

This screenshot is from the Source of Josh Rager - Bitcoin Price Projections.

It shows our peak date of the next cycle to be on July 30th 2023 just 4 years and a few months away.

I have stronger hopes for this rally as a number of issues which stopped growth in 2017 will not be a part of this rally or so I hope.

Two key things that really held bitcoin back from booming passed 20k where

Bitcoins Limited Block size and Bitcoin Cash

This caused a civil war which turned into Bitcoin into a split off to Bitcoin Cash which now is valued at just about 7% of what Bitcoin is worth. It even turned into another war that split it more into Bitcoin SV. I expect this to continue but not interfere with bitcoin itself. Instead those forks will happen on bitcoin cash and SV. This was one of the major confusing things that happened during the rally and really turned people off and one of the many reasons I will never support either one of those coins.

The other was the block size and limited transactions with high fees. This has for the most part been corrected and I feel systems are in place that can be scaled to fuel it into stronger growth and not have the fees as a road block anymore.

Growth looks very promising here.

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