
I lose this belief in Bitcoin, yet it will soon be much more valuable than you think!
In this interview, Bitcoin expert Roman Reer (Blogtrainer) and Mario Lochen discuss the current state and future of Bitcoin. Topics: bear market, cycles, geopolitical influences, and Bitcoin's role as a store of value.
Current Market Situation and Four-Year Cycle- Bear market end? October 2024 as a possible low point, based on historical four-year cycles. However, the recent rally could shift the cycle.
- Strongest Bitcoin week ever in dollar terms (+$14,300–14,500) – a sign of new momentum.
- Self-fulfilling prophecy? The cycles might break due to mass expectations.
- Roman moves away from Bitcoin as everyday payment. Instead: reserve asset – similar to the gold standard, but digital.
- Stablecoins are no competition, as they depend on the dollar and share its trust issues.
- Bitcoin as a global reserve asset could allow the dollar to remain as a 'credit layer' above it.
- US debt of $40 trillion drives demand for hard assets.
- High interest rates vs. debt problem: A dilemma that benefits Bitcoin in the long run.
- Geopolitical tensions (Iran, BRICS) are often expressions of the fight over the monetary system. Bitcoin offers independence from the dollar and renminbi.
- Strategic Bitcoin Reserve (Trump): Not necessarily state-owned, but through companies like BlackRock, Strategy. The US already has a high Bitcoin concentration.
- States buying secretly? Speculations about Intel's mining division and Putin's statements.
- Bitcoin is not centrally controllable – unlike the crypto sector as a whole.
- No danger to Bitcoin – even a collapse of Strategy would have only short-term effects.
- Criticism: Too aggressive debt issuance and contradictory communication ('never sell Bitcoin' vs. actual sales).
- No acute threat: Dangerous quantum computers would need millions of error-free qubits; today we have ~100.
- Bitcoin can upgrade – e.g., quantum-safe addresses. The risk is relevant in 10–20 years but solvable.
- Planned change to the holding period (abolishing tax exemption after 1 year) will not generate additional revenue, but will drive capital outflows.
- Alternatives: Loans against Bitcoin (no tax event) or moving abroad.
- Austria as example: Minimal tax revenue from similar reforms.
- Positive: Bitcoin as a reserve asset, less volatility, AI as a new use case (agents paying each other).
- Risks: Wars and high interest rates short-term, but long-term, loss of trust in fiat strengthens Bitcoin.
Roman sees Bitcoin as a root solution to the problem of currency debasement and state control. Freedom and decentralization are core values. The path is long, but the direction is clear.






