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Bitcoin hasn't changed its strategy !

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@clixmoney
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2 min read

Bitcoin seems having a good and solid strategy to change the world.

More than 13 years passed since the creation of bitcoin. Many other cryptocurrencies were creating during all this time. But bitcoin kept hitting its ATH and other cryptocurrencies followed it. Because most of cryptocurrencies are traded mostly in bitcoin. So, their prices are proportionally related to BTC.

When it was created it costed pennies, then only in a less than couple years turned to a dollar than into few. So, that was crazy as well.

For example in 2011 it hits almost $30. And compared to a penny that's +3000%. I think none of any asset in the history ever made that amount of benefit. And here it shows its strategy. As you see it went again from about $30 to about $3 by the end of 2011. That's minus -90% only compared to the one of the first ATH.

After about 3 years (in 2013) it hit again another top and went to more than $1000. Compared to $30 that's again about +3000%. Then it fell (in 2015) as always to about $300 and that's minus -70% only.

Then after another 3 year it went to almost $20k, and that's +2000% comparing to the previous ATH (all-time high). Then it fell again to about $10k during about another 3 years and that's minus -50%. So, it started to grow a bit slower and to fall a bit less.

And then again after 3 years it hit more than $60k in 2021. It's interesting how we see the all-time high of bitcoin 3 years almost always. Maybe the next ATH will be the 2024 and that will be even crazier. But from 2018 to 2021 it did only about +300%. And now it may lose only about minus -30% of its value of the last ATH. So, we can expect it to go about $40k or around that. What's correct right now. And the next ATH may go only about +100% and that's about $120k.

So, depending on this strategy it may never hit $1 million. But it may almost get to $500k after about 10 years. And maybe only then we will start to see the opposite direction.

The most important is to be thankful to bitcoin because it pushed to create so many other cryptocurrencies that people enjoy now.

Posted Using LeoFinance Beta