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Max Wright predictions for Bitcoin. by pinkspectre

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bitcoin · @pinkspectre ·
$30.15
Max Wright predictions for Bitcoin.
Max Wright is a crypto analyst/ investor who seems to have a really good track record for predicting the bitcoin market. I recently watched several of his videos. I don't know too much about him, and of course everybody is always selling the hell out of themselves, but I am no expert, so I thought maybe some of this information would be useful to others as well.

[](https://cdn.steemitimages.com/DQmR4pethz6oeRUtwLfnbWaKCJqVAtZ7KTKn8MDqHsJn4q8/image.png)

Wright explains the significance of bitcoin halving events, when the reward for blockchain miners is reduced by 50%. I was unaware of the cyclical nature and the practical effects of these events, which he explains in this youtube video. 
https://www.youtube.com/watch?v=qJ5IJbrx6zY&t=1138s

 He explains that Bitcoin is on a 4 year cycle, 2 up, 2 down -more or less. We have already reached the bottom of the current cycle, and he now predicts a 20-40x rise by 2021.  in other words, 1 or 200 thousand dollars per coin.


![](https://cdn.steemitimages.com/DQmPjtXq3nsv544dHJCxPSkkXQWeeLtP4igL5Ye4K4y8nMM/image.png)
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@leaky20 ·
$0.13
If that's true, $100-200 thousand dollar bitcoins, that's crazy. I hope he is right. I guess that's actually a modest estimate compared to Mcafee's prediction of 1 million by 2020 hahaha

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@pinkspectre · 
McAfee is a nut, but I'd hang out with him!
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@sassypuffin ·
$0.12
That's quite the prediction. 200K is a lot. I hope that he is right. That would be amazing

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