Bitcoin / BTCUSD hit last month the once unthinkable benchmark of 100k.
It took 2 Cycles to do so since it reached the previous benchmark of 10k.
The log sequence of hitting those benchmarks started at $0.10. It took quarter (0.25) Cycle to go from 0.10 to $10, i.e. x100 jump.
The next x100 increase was from 10 to $1000 and it took BTC half (0.5) Cycle to do so.
Then we move to the x10 jumps, 1000 to $10000, which took it a perfect 1 Cycle.
We already discussed above 100k and the pattern is obvious. For each of those logarithic jumps, Bitcoin needs double the time, i.e. it doubles the previous Cycle expectancy.
This means that for the million dollar mark (1million), it should take 4 Cycles to do so (2 Cycles it needed from 10k to 100k x 2).
This gives us a rough estimate for the end of 2041!
Realistic or not in your opinion?
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