BTC to break 1 million (extended supercycle with inflation)

I don’t own BTC, I do own other crypto assets.

I think btc is set for a supercycle that will top out above $1mil/coin. I’ve seen “conservative” estimates targeting 100-200k but the theoretical limit could be much higher if other factors like hyperinflation come into play. I also think the “double peak” nature of the cycle will increase potential as many speculators will have a second chance to accumulate during this phase.

If we just consider the slight possibility of hyperinflation it makes the risk/reward potential much more promising. We’ve already seen lumber prices and other raw materials increase in price like oil. In general, just looking at the global economy; it seems extremely over leveraged because USD is over printed and over valued.

Considering the extended cycle theory it’s expected that this cycle will naturally extend into 2022 and possibly longer. The longer the cycle extends, the more likely it is that it hits during a period of high inflation fear in the market which will synergistically amplify the peak.

If we do have hyperinflation in the US it will affect the global economy and everyone across the globe will look for alternative stores of value. BTC could easily surpass $1mil per coin if this occurs and the next bear market could see it dropping to 100k/coin as the bottom.