What do you all think about BTC, is it that we are not going to see 150K this year or just that it is a pull back that is currently happening? Because i said this with the analysis I have seen so far on the chart.
I see 10,000,000 price for bitcoin in 5 years. 10 years 100,000,000 as the price of bitcoin goes parabolic. 1 billion dollars per bitcoin is definitely possible as no more bitcoins can be minted past 21m. Making bitcoin a rare asset with high demand since you cannot make more. If Trump gets his wish of 0% interest that means wallstreet can borrow for free and load up on bitcoin causing a price explosion. Most likely Trump will get his wish in 2027.
I would Hold Bitcoin till you Die. It will easily, eventually, hit 6 million. Bet everything you have to get in on early now. Fortune favors the brave.
but so will the cost of a car a light bulb a candy bar a rock a bullet a toothbrush everything will also go up as bitcoin goes up they are tied together everything is.
I was being sarcastic. I could care less about debating and analyzing the future value of things. I'm an S&P option day trader who lives day by day, independently. That's my only consideration. Wash my hands by the closing bell.
Bitcoin Halving Cycle Projection — The Explosive Gains Are History Cycle Halving Year Halving Price Multiplier Projected Peak Peak Year 1 2012 ~$12 95x ~$1,150 2013 2 2016 ~$650 30x ~$19,800 2017 3 2020 ~$8,500 8x ~$69,000 2021 4 2024 ~$63,000 3.5x ~$220,000 2025–26 5 2028 ~$145,000* 1.5x ~$330,000 2029–30 6 2032 ~$275,000* 1.3x ~$429,000 2033–34 7 2036 ~$360,000* 1.2x ~$515,000 2037–38 8 2040 ~$440,000* 1.18x ~$608,000 2041–42 9 2044 ~$515,000* 1.16x ~$705,000 2045–46 10 2048 ~$610,000* 1.14x ~$803,000 2049–50 11 2052 ~$705,000* 1.13x ~$907,000 2053–54 12 2056 ~$803,000* 1.11x ~$1,007,000 2057–58 > *Estimated based on previous peak becoming the next halving price. --- What This Table Really Means The life-altering upside — buying at $10 and waking up rich — is gone. That was Bitcoin’s adolescence. From here on, it’s about capital preservation, not lottery tickets. The road to $1M BTC is slow, methodical, and likely to take another 30 years if nothing breaks the curve.
Assume those predictions become true. What kind of a discount would actual income generating assets have to be sold at to reach those prices? Do you really think people are going to sell off all their shares in the sp500 down to a PE of let's say 2, in order to chase Bitcoin? But let's say they do and 90% of the words liquid wealth is invested in Bitcoin.... How does the Bitcoin price manage to continue to increase now that almost all investments into actually income generating activities has stopped? If 90% of the wealth is tied up in Bitcoin, that leaves only 10% to generate new wealth with with to continue to buy more Bitcoin. It seems like you would be lucky to get even 10% a year appreciation in that case. Meanwhile you already sold off all your stock to someone else at a PE that would have earned you 5X that. I swear some people haven't even spent 5 minutes thinking over the logical outcomes of what they are suggesting. But sure, keep thinking the price of Bitcoin can go "parabolic" as if there is unlimited wealth to sell off in the pursuit of owning more Bitcoin.