The price peaks a year after each halving and falls back again. This is due to miners capitulating when the halving comes, and new miners coming in to replace them when the price rises.
The rise is pretty much inevitable. The deflationary economics are built into the distribution model.
By the end of 2021, it will be around $100k each. The next halving will be in 2024, and by end 2025 they will be around $1m each. Because of the increasing scarcity.
Dont care if you do this. Just explaining how:
1. I’ve already done really well, to a life changing degree. 2. I absolutely understand the economics of why I will do even better over the next decade. The math is clear.
If you aren’t moved by the economics, that’s fine. It will go up with you or without you.
