Max Wright is a crypto analyst/ investor who seems to have a really good track record for predicting the bitcoin market. I recently watched several of his videos. I don't know too much about him, and of course everybody is always selling the hell out of themselves, but I am no expert, so I thought maybe some of this information would be useful to others as well.
Wright explains the significance of bitcoin halving events, when the reward for blockchain miners is reduced by 50%. I was unaware of the cyclical nature and the practical effects of these events, which he explains in this youtube video.
He explains that Bitcoin is on a 4 year cycle, 2 up, 2 down -more or less. We have already reached the bottom of the current cycle, and he now predicts a 20-40x rise by 2021. in other words, 1 or 200 thousand dollars per coin.
