Sure, let’s see where this goes. So, there I was, minding my own business, scrolling through whatever social media was the flavor of the day, when this bold prediction about Bitcoin—yes, Bitcoin—caught my eye. Some crypto analyst, Mitchell Askew (ever heard of him? I hadn’t), paints this picture that the days of rollercoaster rides with Bitcoin are, like, totally over. Oh, but hold on! There’s this new, sloooow climb to a million bucks per coin on the horizon. $1,000,000! Sounds like quite the dream, right? Ten years, he says. Maybe he’s onto something or just dreaming big. Who knows.
So, anyway, Mr. Askew puts out this post, probably on “X” or some other platform that everyone’s using these days. He’s basically saying Bitcoin’s wild past—remember those insane bull runs from 2013 and 2017?—are just memories now. Now, it’s more like a turtle race. Kind of makes sense if you think about how everything seems to be slowing down once the big wigs—I’m talking institutions—get involved. They just have a different pace, don’t they?
And speaking of pace, Askew mentions that this change will be more like these minor pumps followed by those long moments where nothing really happens, kinda like waiting for water to boil. And here’s the twist: apparently, it’s good for those who are in it for the long haul—those patient folks aren’t just in the game for quick cash, unlike those who bail at the first sight of something shiny and new.
What’s changed, you ask? Well, he seems to think it has something to do with the Bitcoin ETFs that dropped in 2024. Apparently, that was some sort of game-changer—like when you finally figure out the remote you found in the couch actually works for your TV. According to Askew, the volatility isn’t what it used to be. Sure, still a bit wild, but more like swings on a breezy day than a hurricane of numbers.
Now, a little nugget here for those into the whole mining thing—Askew is hinting that companies like Blockware are probably in the best spot. Imagine doing the heavy lifting at a gym while getting some sweet incentives. Not entirely sure what bonus depreciation is, but sounds fancy and profitable.
Oh, and before I forget—if you’re dreaming about making a quick buck by timing Bitcoin’s tops and bottoms, he might just burst your bubble. No more, “Hey, it’s going to half a million in five months!” kind of predictions. We’re beyond that, or so he says. And he’s putting his money on this measured, steady pace, even during crazy political landscapes, like the Trump years. It’s like watching a movie in slow motion—probably a thriller, though.
Anyway, maybe I’ll keep tabs on this, or maybe I’ll just go back to watching cat videos. Depends on the day. But doesn’t this whole thing kind of make you wonder where Bitcoin’s really heading? Like, is this vision realistic or just a crypto fantasy? I guess time will tell.
