Held has previously put forth the idea of a “Bitcoin supercycle,” which posits that during the current bull cycle, BTC could go straight to $1,000,000 without a true bearish period. According to Held, the potential giant rally would be sparked by an influx of institutional capital, intensifying economic crises, and a massively bullish and solidified narrative surrounding Bitcoin.
It certainly won’t be going from $20,000 to $100,000.