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Hi All,
I thought it would be interesting to plot bitcoin so far this year vs. this time four years ago (i.e. the previous cycle) over a period of 18 months.
The red curve is Bitcoin.
The blue curve is 16 * Bitcoin four years ago shifted four years into the future. The factor of 16 is based on the low of this past cycle (3200) vs the low of previous cycle (200). By total coincidence they were almost perfectly matched at start of year. Plots were performed using python pandas data frames.
As you extend the plot out to a full two years it looks very intimidating, but at 18 months seems hopeful but plausible. Very exciting to see us keeping ahead of the red, and can only hope it lasts!
Exciting times!
