Where is Bitcoin Going?

Crypto's boom bust destiny explained.

Bitcoin hit all time high again, exceeding USD100,000 momentarily (SGD >130,000). Greater fools (including this author) buying at the previous peak are now elated because they finally broke even. Based on what happened in previous halvings, there could be a little more upside. The chart below from Google shows the full price history (in SGD).

Bitcoin seems to follow a rough four year boom bust cycle largely driven by what is known as halving. The timing of the actual bottom and how high it can skyrocket is difficult to call but based on the price chart above, we can make the deduction that halving is an important event in Bitcoin. Rather than explaining everything myself, I have asked A.I. for help. Isn’t it wonderful we live in this artificial intelligence era?

1. Halving Explained

Bitcoin's four-year cycle, also known as the "halving cycle," is primarily driven by the cryptocurrency's underlying protocol and the economics of its supply and demand. Here are the key description and f…