My Prediction about Bitcoin’s Bottom: Price: somewhere between $3200-$4300 Timing: sometime between Jan2019-Aug2019pic.twitter.com/AZDmMFTY0W
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Well, the thing is they were saying the same thing about the recent spike to 20K. This bull market will likely do the unimaginable. The fundamentals involved are macro ones - a currency capitalizing, and instability in conventional currencies, economies and asset classes.
Your chart begins both the top line and bottom line in the middle of BTC history, only from before the previous bubble which is not “fair”
instead, this goes from the very beginningpic.twitter.com/ZpYMDJ5RJD
What are the fundamentals? Keep in mind $6K would have looked ridiculous in 2012 when it was $6. Nothing goes up 1000x, right?
think about the amount of raw wealth that would need to inflow into bitcoin for it to be $1M. That implies ~21T market cap! 3x the size of Gold. I don't doubt it will happen, just not as quick as 2024.
I would say some kind of damage would be done to the US dollar at that point. I think we need to be wary of money illusion, where we take current numbers/ prices/ exchange rates as normative going into the future.
I agree with you 100% ideologically just think people getting comfortable with non physical, no governmental money might take a bit more time than you expect
I think the fat cats on Wall street will swoop in once the previous ATH is recovered. Leaving just a few pennies for the masses sadly...
It really comes down to the desire to hodl. I, for one, would hodl on to a large portion of my BTC at any price, even $1M+. So if most hodlers are like me and mining is reduced to a trickle through the next 2-3 halvings, it could happen.
Really? Why wouldn't you swap half your BTC for a real asset such as land, or a 100ft yacht, or whatever? It's just money right?
Depends on the world conditions but those are all seizable and btc isn’t
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