$60k Bitcoin is just the start.Bitcoin is at a tipping point.I\u2019ve written about a Bitcoin Supercycle before.The idea is gaining traction.It\u2019s igniting debates between Bitcoiners and investors about whether or not it\u2019s actually occurring as we speak.Bitcoin has standard market cycles based around its halving events.What\u2019s a halving? \u2014 halvings decrease the supply output, cutting the rewards that Bitcoin miners receive in half.This triggers a bull year followed by three bear or sideways years.We saw this most recently between 2017 and now.Bitcoin hit the $20k price point before proceeding to trade down throughout all of 2018 and then sideways for the next two years.Then, we entered our current cycle.This is the tipping point.The concept of a Bitcoin Supercycle implies that Bitcoin will no longer follow its historical pattern built around the halvings.It assumes we\u2019ve hit a critical mass of users.This is a new base layer of Bitcoin HODLers that are both more plentiful and more heavily invested than during prior cycles.These include the Michael Saylors and MassMutuals of the world but also the 6.1 million active Coinbase users and the like.It\u2019s a mix of both sophisticated and corporate investors and sustained growth among individual Bitcoiners.Want more content like this? Sign up for my newsletter.Dan Held says a Bitcoin Supercycle means:Reduction in Supply + Increase in Demand = Number Go UpThe key is that Bitcoin looks different this time.The supply reduction is driven by that implied critical mass of users and longer-term holders that includes a segment of next-gen institutional buyers.They\u2019re gobbling up Bitcoin, reducing supply, and creating a cycle of demand that leads to number go up\u2026Bitcoin has closed within 10% of $60,000 for 10+ days.It\u2019s consolidating at $60k.If you zoom out on the month, BTC has done this for even longer with the exception of a single 48 hour\u2026<\/p>","protected":false},"excerpt":{"rendered":"
$60k Bitcoin is just the start.Bitcoin is at a tipping point.I\u2019ve written about a Bitcoin Supercycle before.The idea is gaining traction.It\u2019s igniting debates between Bitcoiners and [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts\/4222"}],"collection":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/comments?post=4222"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts\/4222\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/media?parent=4222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/categories?post=4222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/tags?post=4222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}