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2026-02-05 10:12:57 UTC

flix on Nostr: People keep asking me about the Bitcoin price, so here's what I think. First and most ...

People keep asking me about the Bitcoin price, so here's what I think.

First and most important: nobody knows the future. Markets are second order complex systems and anybody trying to make predictions is guaranteed to fail.

Having said that, the law of supply and demand is the best long term predictor in markets. Limited supply and growing demand strongly suggest that the long term trend in Bitcoin will be up. Something very critical would have to change to alter that.

Within that long term trend any further predictions are foolish.

However... if we want to be foolish... I would guess that the 4 year cycle is still in effect. That would weakly imply:

2021 up 📈
2022 down 📉
2023 up 📈
2024 up 📈
2025 up 📈
2026 down 📉
2027 up 📈
2028 up 📈

If it is foolish to guess what the price will do next year, it is even more foolish to try to guess how much.

Better to just stay humble and stack sats.