 Merry Christmas everybody in today's video. We're talking about exactly how Bitcoin can reach the price target of a hundred and twenty thousand dollars per coin guys a Hundred and twenty thousand. That's right guys. So we're gonna go exactly how that can happen We're gonna look at this chart right here that explains every step of the way that takes into account Every single all-time high that's ever happened and then what's exactly what's happened after every halving So you can see here the first halving and how it took off the second halving how it took off the third halving is where we're currently at and Where we expect this price to go if it continues The same trends that it did before as history shows So history continues to repeat itself after each halving Then the target that we're looking at right now to reach in the next year or two is a hundred and twenty thousand dollars Per Bitcoin. So trust me. You do not want to miss out on this video guys Make sure that you like and subscribe guys hit that notification bell and drop a comment Let us know if you've been in this bull run and if you guys are interested in using the exchange that we use We use by bit and in the description We have a link where you guys can sign up through that and you'll be able to get some rewards on your initial deposit Up to around a hundred dollars or more. So without further ado, let's jump right in guys All righty guys, so let's jump right into it guys Today's video is talking about how Bitcoin can realistically hit a hundred thousand dollars, right over a hundred thousand really And that's exactly what we're gonna talk about the FOMO and greed are back this time It's even better market cycles are not a fairytale and they do exist and they do repeat themselves So if this is another market cycle that's repeating itself Where is this market cycle? Where's it going to end? In order to figure that out we have to look back at history to see what's what it's done Before so for today's video the way that we're predicting the next all-time high for Bitcoin It's going to be by using time from halving to all-time high So we're gonna look back at history at the previous two halving Exactly how long it took for them to get to all-time highs and then how high did it actually go and then we're Going to bring those numbers to the third halving and try to predict What the market cycle is going to do this time around if it repeats what it did previously So as we all know every four years a Bitcoin halving event happens, but Jay, what is a halving? So halving is when the reward that miners get for verifying transactions gets cut in half This results in deflation over time while slowly growing to a max supply of 21 million bitcoins this max supply is estimated to be reached around the year 2140 insane So with this concept in mind there will always be less and less new Bitcoin coming into circulation Bitcoin is growing in institutions interest and there is definitely a connection between the halving and the markets Sorry, I was getting my face out the way So every time a halving has happened the market shifts from a bear market to a bull market And you can clearly clearly see this in this graph the bull market extends in duration each time after a halving It was calculated that it was around a 1.44 Increase in bull market after each halving. So the first halving bull market lasted about 364 days and its all-time high was one thousand one hundred and seventy seven dollars the second halving bull market duration was about Five hundred and twenty four days the all-time high ended up being about $20,000 so with those two numbers in mind now the third halving's Estimated bull market run will be seven hundred and forty nine days with an all-time high target of a hundred and $20,000 price has always hit a new high after every single halving This is very noticeable in the chart and data here while some may prefer to estimate and predict the price based off the increase in Percentage with every new halving we are using the top of the parabolic channel as the target Which you can see here on all of these it basically looks like a resistance, right? And then we'll use the estimated duration of the new bull market to get that price So when you use this theory and formula it tells us that Bitcoin will hit around a hundred and twenty thousand dollars in May of two thousand and twenty-two this theory uses a more accurate and logical system Which lays in line with the stock to flow model as you guys can see up here the stock to flow model predicts Bitcoin hitting one hundred thousand dollars in 2021-2022 and then of course it predicts that Bitcoin will hit one million dollars by 2024 or after 2024, but that's another subject for another day So if that theory out of the way, there's one more theory that we can look at so in this theory We're using the all-time highs and a time between the two all-time highs to calculate the duration for the next all-time High the first huge peak of Bitcoin was back in 2011 when Bitcoin reached thirty one dollars and ninety cents the second huge run was back in 2013 reaching a high of one thousand one hundred and seventy seven dollars between the two thousand eleven high and the two thousand and thirteen high It took about nine hundred and three days the third huge all-time high was hit back in 2017 reaching a high towards nineteen thousand and eight hundred that took about one thousand four hundred and seventy seven days So using this same theory the fourth new all-time high is estimated to be hit in 2024 reaching a high towards two hundred and fifty thousand dollars estimated to take about two thousand four hundred and fifteen days But just going off of all-time highs in between those two peaks Isn't really an accurate measure But it is known that it always takes longer to reach a new all-time high But two thousand four hundred and fifteen days for a new all-time high just seems way too unlikely Institutions are now buying into Bitcoin So it shouldn't take that long for Bitcoin to reach new all-time highs and another thing is that the retail interest is still very very low compared to 2017 look at this chart here of Google Trends in 2017 how it topped off way up here compared to where it is currently in 2020 way down here That's that might not even be half of what it was in 2017 so here's some interesting data that makes Bitcoin a lot more bullish in the future for Million Bitcoin is lost due to lost wallets. There's currently 18.5 million Bitcoin in circulation out of those 18.5 million Four million are lost that means that twenty one point six percent of all Bitcoin currently in circulation is lost forever So why is that bullish for Bitcoin? This means that twenty one point six percent of Bitcoin's market cap is lost forever and will never move that is more than 60 billion dollars lost next the US printed 21% of all USD that's currently in circulation in 2020 these are crazy numbers that only lead to inflation in the future Look at this chart guys. Look how much was printed all the years prior and then look at 2020 21.6% of all US dollars were printed this year that is Also check out this tweet from Charlie US inflation Expectations rise to their highest level since April of 2019 1.97% and here you can see the chart of exactly where inflation is then the final thing We're gonna mention is Bitcoin on Wall Street. That's right guys the S&P Dow Jones will launch cryptocurrency indices in 2021 guys this alone will help Bitcoin Just continue to take off and continue to bring in more and more Institutional investors. I want to give credit to Jonathan Vien which supplied me with a lot of this data guys The future is bright for Bitcoin and all other cryptocurrencies. So I'm only Looking forward to 2021 and I can't wait for what it has in store for us If we were able to survive 2020 we're definitely going to thrive in 2021 Merry Christmas guys. I will see you tomorrow. Peace and love