The Bitcoin market is a place where investors are never satisfied with what is happening now or recently. Instead, they are always focused on the future. Searching for what will not only be the next catalyst to send Bitcoin’s price parabolic. But also the thing that will continue to increase BTC’s adoption.

One thing is for certain: Bitcoin’s future has never looked so bright.

Current State of Bitcoin

As we head into the next bull cycle, it’s arguable that we’ve never had this many bullish things taking place all at once.

The largest financial player, BlackRock, is suddenly becoming very bullish on Bitcoin and essentially forcing the SEC to finally approve the Spot BTC ETF in the USA. Wall Street was finally able to participate in a bull cycle. At the moment, everyone seems to have been laser-focused on the ETFs and the capital inflow that they’ve been bringing to BTC.

All the while, they have begun to overlook the BTC halving that just occurred in April 2024. Never forget that the halving has always been the catalyst that ignited each Bitcoin bull cycle. There is no reason to expect otherwise this time around. If anything, its effect on Bitcoin will seem as though it’s ramped up on steroids due to the combination of both the halving and BTC ETF.

Nation-State Game Theory

It’s clear the direction that Bitcoin is heading toward in the near future. Countries have begun to adopt Bitcoin, and Nation-State game theory is about to go into overdrive.

Over the years, OG Bitcoiners have often declared that Bitcoin was essentially programmed to pump. Simply put, with it is unconfiscatable, secure, the hardest form of money, has a max supply of 21 million BTC, having a known inflation rate that will continue to be cut in half every four years until it becomes zero. It was always going to be a game of musical chairs.

The first adopters of Bitcoin would reap the rewards of obtaining life-changing wealth. And those who are late to Bitcoin will find themselves in a much more difficult situation.

While thinking this, Bitcoiners always had retail investors in mind, never in our wildest dreams did we think that this would begin happening with nation-states as well.

The first domino to drop was El Salvador adopting BTC as legal tender in their country. But that was only the beginning. Just this summer, Donald Trump announced that if elected President, he would start a US National Bitcoin Reserve. Also, something that has flown under the radar is that the democratic party in Japan recently announced that if they’re elected, they will cut the Bitcoin and crypto taxes from 55% to 20% in Japan.

The tide is quickly changing, and countries have begun to implement their own Bitcoin strategy. Everyone is afraid to be the last one to the party. Once nation-state adoption goes into hyperdrive, none of us are bullish enough.

Building on Bitcoin

There was a time in the not-distant past when it was considered taboo to want to update the Bitcoin layer one blockchain. It got to a point where a large amount of developers got bored and eventually went to build elsewhere.

However, that all began to change two years ago with the creation of Ordinals (NFTs) on Bitcoin. Soon after, BRC20 tokens were introduced, and suddenly, the impossible became possible on Bitcoin.

To the normal person, it may seem like not much has changed, but the truth is that this might be the most important change in crypto throughout the last five years. All of a sudden, excitement came back to the Bitcoin ecosystem, and developers began rushing back to BTC as well. The largest and most secure blockchain had once again become a place where anything could happen.

Never underestimate the power of money. Developers will always follow the money, and no other blockchain can compare to Bitcoin. It’s very likely in the next few years, we will soon see DeFi, Stablecoins, tokens, cheaper and faster transactions, and even games happening on Bitcoin. We are about to enter a whole new frontier in Bitcoin’s lifecycle.

Price

We have reached that point in the Bitcoin cycle where it seems that everyone is making their own price prediction. Some of these predictions are becoming outlandishly bullish.

We have seen Cathie Wood from ARK Invest and also Fidelity both predicting a Bitcoin price of millions of dollars per coin by 2030. And that is just their base prediction. Their bullish forecasts are much higher.

The important thing to remember about price predictions is that they are just that: price predictions. There is no guarantee that they will come true.

In fact, don’t forget all of the price predictions from the 2020 Bitcoin cycle. BTC was fresh off of making a new all-time high of $64k and Tesla had just put Bitcoin on its balance sheet. Nearly everyone in the market thought for certain that Bitcoin would soar over $100k, and that would just be the beginning.

However, as we now know, that wasn’t the case and the cycle quickly came to an end.

With all of that said, this Bitcoin cycle is unlike anything we’ve seen before. For the first time in Bitcoin’s history due to the BTC ETF, we saw it make a new all-time high before the BTC halving even occurred. This could mean two different things.

Either Bitcoin’s price is far ahead of schedule and could go much higher than any of us could imagine. OR, this cycle could be coming to an end faster than any other cycle. The truth is that no one knows how this cycle will play out.

As for me, I believe that we are about to witness Bitcoin’s price do something very special. Those of us who have been investing diligently in Bitcoin over the years will see life-changing wealth.