$BTC is pushing to break its previous all time high price in USD. The coin has already broken the ATH in terms of CAD though :) By the time I publish this post, we may have a new ATH.
Not sharing any technical indicator and it is not about any prediction on how far the price can go in the coming months. This post is to appreciate the fact that the price cycle works as predicted and expected by most of the crypto OGs.
I got into the crypto space in 2018 which was right after the previous all time high in bitcoin price. There was optimism about the tech but the supporting infrastructure was still growing. I never had the technical ability to understand hash rate, through put, or mining. I was more interested on the policy narrative of how BTC can be the non-sovereign currency all the nerds were hoping for.
SOCIAL FI
The social-fi experiment that started with steemit and similar other clones introduced me to the blockchain based networks like many others. I stuck with the space and tech even when the price tanked.
Not sure if I am right on the narrative as $BTC is now adopted by the titans of tradfi that includes Blackrock and many others.
The whole policy narrative of bitcoin as the "coin" has flipped to become bitcoin as an asset. It is now being considered a hedge against inflation or an asset that can replace or coexist with Gold.
No matter what the narrative is, one thing is for certain - that the USD price of Bitcoin will go much higher than what it is now. That means more green candles if you can hold on to this asset for a longer time frame.
BTC Trade
The first trade I made was to buy the coin at 7K. I got out when it breached the 10K price point.
I remember the conversation I had with @toofasteddie then. I asked if that was the right time to sell. He told me about the timeframe and said "we will not be able to buy this asset sub 10K again". He was right as we never saw BTC below 10K after that.
The Hive community always helped me understand the trajectory BTC was going through. As we all know and anticipate, the coin will have its ATH and corrections. The price will go up and down but the trajectory of the BTC price in USD will go up eventually due to the impact of many policy narratives, macro economic indicators and geo political scenarios. At least, that's how I feel :)
Let's enjoy the start of the positive sentiment. Don't get REKT.