This is why bitcoin is insanely undervalued

The price has not gone anywhere in six full years. In 2017 it was $20k and we're pretty much at the same price again now. Thats six full years of zero appreciation not just for a new technology but for a new technology that is disrupting the entire worlds monetary system. That is insane.

It should not be possible to buy into bitcoin for the same price six years apart. It should be a mind blowing lightning fast technology adoption cycle that takes off so fast that people who believe in fiat and banks are completely left behind. Six years is roughly half of bitcoins entire existence. It should not be possible to buy bitcoin today for the same price it was at 50% of its life ago.

Bitcoin should be at $100k today not languishing around $25k.

This tells me two things. Firstly the price is most likely being supressed and manipulated through the futures market due to futures allowing paper bitcoin (unbacked bitcoin) to exist. And secondly that when the price does finally rise it is not going to be a slow bull market. The price like a ball being held under water is going to skyrocket so fast 99% of the people who want to buy below $100k wont get the chance.

It is not a coincidence that the first futures ETF launched in October 2021 exactly at the same time the 2021 bull market stalled and the price started falling. That never should have happened, the 2021 bull market should have seen us continue rising through till mid 2022 to a price of $200k+ and then fall 60% or 70% back to $80k from mid 2022 until mid 2023. Meaning we should currently be sitting at $100k not $25k.

https://bitcoinmagazine.com/markets/bitcoin-futures-market-explained-price-manipulation

The catalyst for the price to get back to where it should be will likely be the spot ETF approval as that is what will kill bitcoin futures trading. No one will want to trade futures when they can trade a spot ETF meaning no more futures suppression will be possible.

Once the spot ETF is approved get ready for the price to rocket back to $100k where it should be and then it will start its true bull market running from $100k to $200k and taking out $200k (what should have been the previous all time high) to head towards $400k or even $500k.

There is this saying, "when retail miss the boat we miss the boat, but when institutions miss the boat they bring the boat all the way back". That is what has just happened, bitcoin was prevented from fulfilling its potential in 2021 and 2022, it was stopped in its tracks in October 2021, and now its being supressed so institutions can load up cheap while it is being held down at $25k when it should be up at $100k.

TLDR; bitcoin should have hit $200k back in 2022 and the 2023 bear market low should have been $80k meaning we should be at $100k today not $25k. Once the spot bitcoin ETF kills futures market supression we will be back at $100k faster than anyone could imagine and at $100k we will be just starting the next bull market.