An actual 𝕏 Spaces conversation I listened to recently:
"So you believe in Bitcoin?"
"Million plus, long-term. Super bullish."
"You hold any?"
"No, I'm fully out. Waiting for $40–50K in Oct/Nov for the cycle low."
"So you're a bullish Bitcoiner… who owns zero Bitcoin?"
"Yes."
Bitcoin is about to go through its first supercycle: from $16,000 to $250,000+.
The cycle began Nov 2022 at the $16,000 bear market low.
The first peak was $126,000 and the mid-cycle low was $60,000.
The next cycle peak will land in the second half of 2027 to the first half of 2028, and I would be surprised to see anything less than $250,000 at the supercycle top.