{"id":14819,"date":"2021-08-31T01:00:00","date_gmt":"2021-08-31T01:00:00","guid":{"rendered":"http:\/\/ci028bfd75d00025a2"},"modified":"2025-01-29T14:52:12","modified_gmt":"2025-01-29T14:52:12","slug":"is-a-bitcoin-price-double-bubble-imminent","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/is-a-bitcoin-price-double-bubble-imminent","title":{"rendered":"Is A Bitcoin Price &#8220;Double Bubble&#8221; Imminent?"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p><em>The below is from a recent edition of the Deep Dive, <\/em>Bitcoin Magazine<em>&#8216;s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, <a href=\"https:\/\/members.bitcoinmagazine.com\/\">subscribe now<\/a>.<\/em><\/p>\n<p>With the price of bitcoin hovering near $50,000, momentum has returned to the market and strong hands have <a href=\"http:\/\/members.bitcoinmagazine.com\/the-daily-dive-048\/\">accumulated more bitcoin than ever<\/a>. A 2013-style double bubble is in the cards.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/screen-shot-2021-08-30-at-20323-pm.png\" title=\"\"><\/figure>\n<p>The 2013 cycle saw the price of bitcoin draw down 75% from the highs before rallying a staggering 1,750% in less than six months. We aren&#8217;t suggesting that the rally will occur again with the same performance, but rather an explosive \u201cdouble bubble\u201d within the traditional four-year boom-and-bust cycle.<\/p>\n<p>The market has gone through quite a similar cycle compared to 2013 as well, with an initial parabolic run up, a large amount of coins becoming liquid before an aggressive reaccumulation and parabolic run up.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/screen-shot-2021-08-30-at-20331-pm.png\" title=\"\"><\/figure>\n<p>If bitcoin continues to transfer to strong hands at the current pace, a parabolic run-up will commence that most in the world cannot fathom. Bitcoin, at nearly a $1 trillion asset today, can elevate to a $5 trillion asset in 2022 with relative ease.<\/p>\n<p>After all, $1 of capital that flows into bitcoin adds far more than just $1 of market cap to the asset, and during a bull market when most market participants are holding, the market value to realized value of bitcoin explodes upwards. If 1% of capital flows out of global debt funds into bitcoin as a safe haven, as the <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-25\/the-world-economy-s-supply-chain-problem-keeps-getting-worse\" target=\"_blank\" rel=\"noopener\">global economy experiences massive supply chain disruptions<\/a> causing rising prices across the board.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/01\/screen-shot-2021-06-22-at-101721-am.png\" title=\"\"><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>With the bitcoin price hovering near $50,000, it appears a 2013-style &#8220;double bubble&#8221; is in the cards.<\/p>\n","protected":false},"author":2539,"featured_media":5351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[85,132],"class_list":["post-14819","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-bitcoin-magazine-pro","tag-bitcoin-price"],"author_data":{"id":2539,"name":"Dylan Leclair","nicename":"dylan-leclair","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/01\/dylanheadshot-edited-96x96.png"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/img_6427.png","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/14819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2539"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=14819"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/14819\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/5351"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=14819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=14819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=14819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}