$BTC TOTAL CRYPTO MCAP in 2014-2017 cycle reached ATH (all time high) of approx 535B. In 2018-2021 cycle ATH mcap reached 3.05T. (On Nov 22 2020 total crypto mcap reached 2014/2017 cylcle 535B) Now here we are in Nov-exactly 4 years later, & we just reached 2018/2021 ATH of 3.05T
NOT FOR THE CHALLENGED👇😅
I've been hearing so called pro chart readers, say this cycle top for btc could come by March 2025 & top off 110K/115K. Now I do agree btc hit its previous ath mcap 8/9 months earlier then last 2 cycles, BUT it remainded there till Oct
Total Cyrpto Mcap (TCM)
* In Nov 2020-TCM reached previous cycles 2017 ATH mcap of 535B
* Now exactly 4 years later, in Nov/2024-TCM has hit previous cycles 2021 ATH mcap of 3.05T
Bitcoin Mcap
* As of Nov 20th 2024/halving year, btc is 6X above its bottom in 2022
- Last cycle Nov 20th 2020/halving year, it was also 6X from its bottom in 2018
* Hit its ATH mcap of 320B in Dec 2017 (& gets back to that 320B ATH mcap in Nov 2020)
- Then hits 2021 cycle ATH mcap of 1.28T in Nov a year lateer
- Currently at 1.95B mcap (got back to 2021 ATH 1.28T mcap in March 2024 & held there till mid Oct-last month)
* So btc 2021 ATH cycle mcap/1.28T did a 400% gain over 2017 320B ATH mcap
- & currently btc 2024 mcap is sitting 36% above 2021 ATH mcap of 1.28T
So if anyone is caught up still, if these so called expert chart guys are right, & btc only hits say 110K top for this cycle, it would put its mcap high at 2.178T-approx only 98% higher than previous ATH in 2021 cycle
Now I understand as an assets mcap increases, growth rate must slow due to higher volumes. BUT given what is taking place-a global transition of one financial systems value into another, common sense would dictate that a 98% gain over 2021 ath, is a big dump from 400% gain between 2017 & 2021
A 150%-175% increase off 1.28T/2021 mcap, would make way more sense & give more merrit to visible data * Putting btc mcap 2025 mcap high at 3.2T/160K to 3.52T/177K
My opinion, ha🍻