>>510069229 (OP)They will say it's because confidence is lost in the current financial system.
Not true. This is a supply squeeze just like silver during the 1980s.
All the parallels are there:
- Bitcoin is viewed as a higher risk, higher reward version of gold, just like silver
- 1/3 of silver's tradeable supply was purchased by the Hunt Brothers, similar story today with the Bitcoin treasury companies buying roughly 1/3 of Bitcoin's tradeable supply
- silver had three 6 year cycles before going parabolic. Bitcoin has had four 4 year cycles before going parabolic
- silver hit a market cap of around 4 trillion dollars (in 2025 dollars) at the peak of the parabolic move. A similar market cap for Bitcoin would translate to a price of around 210k
Do not buy the narrative that 'this time is different'. This time is the same as the previous cycles, but much bigger. The result is that the bear market will be even more brutal, just like with silver
The US dollar also isn't dead, and is likely to experience a massive upside squeeze when the dominos start falling in crypto
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