There’s no denying it, the crypto industry is known for its...

There’s no denying it, the crypto industry is known for its eccentric individuals, statements, and startups. John McAfee, for example, promised to consume his family jewels if Bitcoin (BTC) doesn’t reach $1 million apiece by 2020’s end. While McAfee’s call is by far the most bizarre, especially what he wagered, he isn’t the only industry insider to expect for BTC to break out of its quintuple digits cell.

In the end, these predictions may be headline-seeking, but there are a number of catalysts that could push BTC far beyond current price levels.

Market Cycles Predict Bitcoin Could Surpass $333,000 By 2023

Filb Filb, a prominent crypto analyst that often touts zany charts, recently took to his Twitter feed to release another one of his (in)famous charts. The chart, which highlighted Bitcoin’s entire history as a liquid asset, accentuated the asset’s multi-year cycles, which were created by the Bitcoin issuance (halving) cycle.

“This time it will be Different” $btc pic.twitter.com/godjk3P2pw

— fil₿fil₿ (@filbfilb) December 27, 2018

Basing his prediction off the previous cycles, Filb noted that BTC could bottom at anywhere between $2,500 and $3,100 over the next year. And if the cards play out correctly, once the halving occurs in ~500 days, the Bitcoin price could begin its next run beyond $10,000. If the asset’s historical action is any indication, BTC could eclipse $332,733, once the effects of the halvening hit the supply and demand of crypto markets.
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