I also have doubts about it keeping the same pattern as 2014 and 2018. As well as the big boys scooping up the lower prices I suspect they are building walls at about 58k to 60k to keep it down and swooping in on the drawbacks . CHIPAGEDDON Then we add the drought in Taiwan . 90% of the worlds most advanced computer chips are made in Taiwan . It takes a huge amount of water to produce computer chips .roughly 37.8541 litres for one chip or more realisticaly 8327.906 litres to produce one wafer including about 5700 litres of ultra pure water. This is water so pure that if humans drunk it they would become very sick. It cant be recycled because it becomes contaminated in the process. Despite some media reports that the demand for more mining rigs was causing a world wide shortage of chips across a range of industries cars, phones, household appliances you name it this is the real cause of the shortages . About twelve months after the last two halfenings the miners began replacing their rigs with the latest model . They all needed to do it to remain competitive . In order to pay for the rigs they sold those coins that they had been saving for USD flooding the market with coins which in turn triggered FOLIA (fear of losing it all) from those who hadn"t done their homework and were over leveraged while rushing to buy through FOMO . If the rigs are not produced why would the miners need to cash out.
This could all change if the chip producers solve their water problem
