Bitcoin to $200,000Bitcoin / U.S. dollarBITSTAMP:BTCUSDrogomezpalacioIn the fateful August of 2029, I am convinced that Bitcoin shall storm to its zenith at two hundred thousand American dollars, there to plant its banner before recoiling once more into the sombre valleys of the bear market that ever follows such triumphs. You will recall my former prophecy, which—I say it not in vanity, but in honest record—I fulfilled with unerring precision. No arcane algorithms, no strained stock-to-flow ratios, no labyrinthine technical divinations were required. The truth lies plain before any eye that cares to do a simple thing: look. It moves with a rhythm as ancient and inexorable as the tides, almost circadian in its mysterious and divine pulse. What awe there is in the wisdom of the crowds. And whether through self-fulfilling and unwavering belief of mere mortals or rather more interesting still -- some emergent or designed property of the code itself, the price is as predictable a thing as anything in the history of man. Upon the axis of time we behold the four-year cycle, living and breathing still, its peaks rising like the crests of great waves upon the ocean of commerce. That much is evident to the meanest understanding though some will undoubtedly shout "this time its different!" The axis of price demands a steadier gaze, yet it yields to patient scrutiny; a schoolboy with his calculator might chart it in an afternoon. Across the cycles past, a grand pattern emerges, marked as though by the hand of destiny in coloured squares of fortune. Three epochs there are. The purple realm is the valley of fear—the long, grim draw-down from the previous heights, where hope is tested and the faint-hearted quail. The yellow marks the mid-cycle, wherein buying pressure gathers like storm clouds, and violent but shorter retracements test the resolve of the steadfast. Then comes the green—the glorious season of greed, when the multitude and even your grandmother clamour to enter the fray. We stand now within the purple shadow, deep in the bear market’s iron grip. The FUD tears across the wires tearing gashes with its sharp claws: fears of quantum sorcery, of sovereign risk, of geopolitical tempests, of institutional collusion, and a general malaise that settles like a pall upon the spirit of the age. Yet let this truth be graven upon your hearts: good things come to those who wait, though the waiting may try the soul. And yes, better opportunities may come knocking before the final battle. You may not wish to linger three full years from this day for a threefold return upon your capital, but history shows that fortune favours the patient and the bold. Hold fast as the storm rages and the cycle turns. The green dawn shall break again. Good luck to you all. And may all the world's riches attend the resolute.