Nope, I’m not drunk (yet). But I do have three reasons why this insane number might not be so insane after all.
1. The Halving Is Halvingly Powerful
Historically,
#Bitcoin halvings are like Mario eating a mushroom.
Every 4 years, rewards are cut — and prices go nuts about 6 months later.
• After 2016 halving:
$BTC went from ~$600 to $20,000
• After 2020 halving: BTC jumped from ~$8,000 to $69,000
The latest halving just happened in April 2024.
If history rhymes, 200K might just be the next verse.
2. ETF FOMO Is Real and It’s Glorious
BlackRock, Fidelity, and their Wall Street buddies are now playing the BTC game.
Bitcoin ETFs mean billions of dollars can now flood in — Not from degen frogs… but from your grandma’s retirement fund.
They’re not buying
$PEPE — they’re buying Bitcoin.
And they’re doing it with size.
3. Supply Is Shrinking, Demand Is Raging
Let’s do some quick math:
• 90% of all BTC has already been mined
• Exchanges are running low on available coins
• Institutions are hodling like it’s a religious experience
Meanwhile, retail is slowly waking up, fueled by TikToks and “crypto is back” YouTube thumbnails.
Demand up. Supply down. Econ 101 says… price go up.
So… Will Bitcoin Hit $200,000 in 6 Months?
Maybe not.
Maybe yes.
Maybe it goes to 500K and I cry because I sold at 45K to buy a Dyson fan.
Disclaimer: This is not financial advice. It’s frog-fueled speculation.
Do your own research, or at least check TradingView before yeeting your savings.