Will the next FOMO wave take us to 6 digits?

The context is allready in progress, Venezuela, Iran, Cuba, Mexico, Turkey, but a lot more countries are slowly going to CC since their local currency is inflating to hyper inflating.

Right now the market seems to be in a balance, the offered Bitcoins match demand. This is partly thanks to these currencies being allready inflated a lot so available fiat can buy just a little Bitcoin compared to some years ago. But the overall demand is just increasing since more and more currencies will get more inflationary.

At some point demand will simply outrun supply. This will make Bitcoin go up again to the point it will become headlines in the news again. Then the next wave of new FOMO kicks in. Besides the countries that are more or less forced to use Bitcoin due to their native fiat inflating away, a lot of other people will be triggered to accumulate.

Once this turning point sets in I presume we are in for a surprise. The last down turn has done a good job getting rid of the weak hands. The next halving is coming, let alone if it would collide or just follow after the demand overwhelming supply from the previous described situation, it could also just be the trigger for the next run. Lightning should be able to handle additional transactions or the network overflow would be the last trigger needed to push lightning into mainstream. You can bet institutional money won't sit on the side line the moment we pass previous ATH.

I'm quite confident next bullrun will make us see the first $10k jump a day. Are you buckled up?

Submitted April 22, 2019 at 02:56PM by Btcyoda http://bit.ly/2ZsCvDB