The 2020–21 Bitcoin bull run has been nothing short of breathtaking. And to think it’s just getting started makes it even more mind-blowing.

For Bitcoin vets, this isn’t necessarily a surprise. I mean Bitcoin bull runs do run with its halving cycle. But this bull run may be the last best opportunity to see Bitcoin reach spectacular new highs over a prolonged period of time.

The lead up to what’s happening now set the foundation for what’s to come in 2021 and beyond. Everyone knows what the foundational events of 2020 were but here they are in a nutshell:

  • MicroStrategy ditches cash for Bitcoin as its treasury reserve to the tune of 70,470 coins (in three tranches) valued at nearly $2.4 billion. …

The excitement around this Bitcoin halving cycle has risen to a level never before experienced even by the most enthusiastic Bitcoin OG maximalist. As Bitcoin’s price crossed it’s all-time high of about $20,000 on December 16, 2020, everyone in the Bitcoin community began popping the champagne to celebrate what they’ve known for years: Bitcoin is the best, most genius hard money and store of value ever invented.

Image for post
Image for post

And with it crossing into new, uncharted all-time high territory, the only questions that remain are how high will Bitcoin go and where are we in this cycle?

On November 9, I published an article that received a lot of attention called The 2020 Bitcoin Halving Bull Run: Why This Cycle is Different. In the article, I took a look at the macro economic conditions in this bull cycle that will ultimately make this cycle longer and stronger than any previous cycle, likely carrying us beyond the next halving. Interestingly enough, weeks later (and even today) you started to hear the analysts and pundits on YouTube echo my thoughts. …

In the crazy world of cryptocurrency there’s a lot to keep up on. It’s the 24-hour, seven day a week marketplace that never sleeps and there’s so much to take in, it makes it nearly impossible to keep up.

Image for post
Image for post

Luckily there are many great places to go to keep up with not only the Bitcoin and crypto news of the day, but to get you your daily dose of technical analysis (T-A) on what might be coming next. But how do you know which analysts are great and the ones that are — well not so great?

I’ve spent the last few years following and unfollowing many of these so-called “experts”. And let’s face it, not all of them are great. You’ll spend way to many hours drudging through so many so-called “experts”, you’ll start to get nauseous. Some may have some good nuggets of information you’ll come across, but they leave a lot to be desired when it comes to delivery. And if it’s not delivery that’s holding them back, it’s production values. …

Whether you’re a newbie or a veteran HODLer, one of the most anticipated, celebrated, and watched events in the Bitcoin universe is the halving. This is when — roughly every four years — the amount of Bitcoin that miners earn is cut in half. An automatic deflationary trigger that occurs every 210,000 blocks that are mined, it’s perhaps the single most important feature that is built into Bitcoin’s protocol to automatically reduce the number of coins introduced into circulation.

Way back in 2009 when Bitcoin was new, miners received 50 BTC as a reward for each block mined. Approximately 10.5 million Bitcoin were minted in these early years before the first halving took place in November 2012. When this first halving occurred, the amount of Bitcoin miners would received for each block was cut in half — to 25 BTC. Likewise, the next halving — in July 2016 cut the miner reward to 12.5 BTC per block mined and in May 2020, the reward was automated reduced (halved) to 6.25 …

Corporate adoption of Bitcoin is inevitable. With the dollar’s value melting away and interest rates poised to go negative, everyone — both individuals and corporations alike — are looking to preserve the value of their cash.

Enter Bitcoin.

With companies like MicroStrategy making a bold $450 million dollar plus play to preserve its cash holdings in what CEO Michael Saylor referred to as a “melting ice cube” and Twitter putting its toe into the Bitcoin water with a relatively mild (by comparison) $50 million investment, Bitcoin has all of the sudden caught the attention of corporate America.

And this is just the beginning. …


Mitchell Koulouris

Bitcoin, blockchain, cryptocurrency pundit & blogger, and former Nasdaq company CEO. Follow me on Twitter @MitchKoulouris

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store