US$ Going to Zero - It Has Already Happened

One of the funniest videos circulating the web is one of an old fart yelling that Bitcoin is going to Zero! See the video below.

Kind of funny to think that the one thing he measures his wealth in, which is the US$, has gone to zero against Bitcoin during the time this fart stood on a stage yelling that Bitcoin will go to zero. Starting out in 2009 you were able to buy 20Bitcoin for 1US$ and 10 years later the table has turned and today you can only buy ~0.0001Bitcoin with 1US$.

You actually have to plot the data on a log scale to see to what level of zero the US$ has fallen.

I for one don't think the trend will stop and within the next 2 years the US$ will be one decimal place closer to zero (vs BTC) and this is excluding the potential effect of inflation on this fiat currency.

I took a stab at where the price of Bitcoin will go in the next year or two, before we go into the next bull run, which is based on the cycle two trend. This is shown in the graph below and most of the back-work to get to this graph has been explained in my previous posts.

The current trend we are in might be slightly steeper but with the price jumping and falling so much in this cycle I tried to stick to the previous cycle trend into the bull run. It seems that we are on the path to hit the all time high by next year May (2020) which is the same date of the Bitcoin halving event and we all know what happens after that.

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