The Next Bitcoin Bull Market

Bitcoiners are a unique breed of investors. Country, language, or wealth level has no limit on your ability to not only enter the market but also to change the world and your financial future as well. Even though this group of investors is incredibly diverse, there is one question that we are all wanting to know.

When will the next Bitcoin bull market happen, and what will it look like?

The first thing you need to know is that no one knows what will happen with Bitcoin’s price tomorrow, next week, or the next bull run. If they tell you they do, they are simply lying to you. With that said, it doesn’t make it any less entertaining to brainstorm what could be. The following are my own opinions on what Bitcoin’s future could look like during the next bull run.

One of the most difficult things to see with Bitcoin is how much progress you have made accumulating your portfolio, and also how much progress the BTC ecosystem has made as well. It similar to making a stack of papers, piece by piece. At first, the pieces of paper are incredibly thin and it’s nearly impossible to see your progress. But after continuous months and years of stacking pieces of paper onto each other; that is when your pile of paper will have become something truly substantial.

That is precisely what has happened with Bitcoin throughout the last four years. Let’s take a trip back to the previous bull cycle that began in 2020. The covid pandemic has spread around the world and there was real fear. There were doubts about whether Bitcoin would even be able to survive. There has never been fear in the Bitcoin market like there was during the Covid crash in March 2020.

Aside from the fear, the Bitcoin protocol, ecosystem, and macro situation were nothing compared to what it is today. Microstrategy, Square, and Tesla hadn’t bought Bitcoin yet. El Salvador hadn’t made Bitcoin legal tender in their country BlackRock was still calling Bitcoin useless and a Ponzi scheme. The Lightning network was nowhere near as developed as it is today.

However, most of all, Bitcoin’s image in the financial world was nothing compared to today.

Through the banking crisis, being adopted by countries around the world, companies putting it on their balance sheets, and the largest investment funds such as BlackRock entering the game; this has all caused Bitcoin’s reputation to improve considerably. You can’t get through an interview with the most respected people in finance without Bitcoin being brought up. Bitcoin has also become a huge driving force in the political campaigns for the next presidential elections in the US. While not perfect, the Lightning network has also seen a huge uptick in usage and innovation.

If that wasn’t enough, the Bitcoin ecosystem has returned to having a builder’s mindset. With the implementation of Ordianals (Bitcoin’s version of NFTs), and BRC20 tokens, all of a sudden what was thought to be impossible on Bitcoin has become possible. This has caused a stampede rush of developers returning to build on Bitcoin. This leads us to believe that other “impossible barriers” on Bitcoin will soon become possible.

When Will The Next Bitcoin Bull Run Happen?

The question that everyone wants to know, is when will the next Bitcoin bull market happen? While it could happen anytime, the truth is that we are likely in store for a few more months of sideways price action within the recent range.

The reason for this is that the macro situation still hasn’t figured out what it wants to do. The US is continuing to raise interest rates, and Bitcoin prices might not begin to go up until there is an extended pause in rates, or until they begin dropping rates. Another reason is that in the short term, nothing is happening in the Bitcoin market that will likely be the catalyst needed to ignite the bull market.

BlackRock has applied for a spot ETF, but it could be months until it is approved. The SEC/Ripple lawsuit came out in favor of Ripple, but the SEC isn’t conceding just yet. The next Bitcoin halving is the sleeping giant on the horizon, but that is still several months away.

Simply put, we are in the eye of the storm. This is the time to accumulate before the market begins to accelerate and go parabolic.

How High Could Bitcoin’s Price Go?

The second question that everyone wants to know is how high Bitcoin’s price will go during the next bull cycle.

While there is nothing guaranteed, let’s take a look at what happened during the previous cycle. During the last cycle, Bitcoin went from a bottom price of $3,500 all the way up to $69,000. An increase of nearly 20x.

Up until now, the bottom for Bitcoin this cycle has been $15k. If the price would increase by 10x-20x, it would result in a BTC price of $150k-$300k. However, I’m of the theory that the last Bitcoin cycle was extremely hamstrung due to the unprecedented amount of FUD that took place. From the Covid pandemic, inflation, interest rates, the Russia/Ukraine war, China banning Bitcoin and mining, a huge drop in the mining hash rate, US harsh regulations, the summer of crypto insolvencies, and also FTX’s fraud. All of these things drastically cut the previous cycle short.

This is where I begin to become incredibly bullish about what Bitcoin will do next cycle. I would argue that Bitcoin only reaching $150k would be bearish. In fact, I have my sights set much higher. With everything that we continue to see happen with the adoption of Bitcoin, I believe the price reaching $300k to $500k per Bitcoin isn’t out of the question.

While you should take everything I said with a grain of salt, do your own research and form your own opinions. However one thing is for sure, the next Bitcoin bull market will be incredibly exciting to watch and lives will be changed forever.

How about you? What are your predictions for the next Bitcoin bull market?

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