You are viewing a single comment's thread from:
RE: Will BTC Be Worth 1 Million USD by End of 2020 ?
In order for the price of bitcoin to not reach 1 million requires a lot of things to not happen.
- The stock market doesn't crash, at all.
- There isn't any huge bond sell offs.
- The US doesn't engage any more wars
- The dollar maintains its strength.
- Hyperinflation doesn't set in.
- The price of food doesn't jump because of the long winter just experienced.
If any of those change, then we will hit $1,000,000 very easily.
US inflation will make $1,000,000 bitcoin possible by 2020. That's what, a market value of $20 trillion?
Oh yes, a market value of $20 trillion with a line of billionaires trying to get in.
(but the market value is misleading. Half of the bitcoin hasn't moved. Owned by Satoshi)
Yea, when do we get to price bitcoin in Euros? Can we do that?
No, we can't do that! Because we are 'mericans, and that just aint cricket! :-p
At some point all the currencies will be priced in bitcoin. (or some other thing that shows up to become the standard, and it could be some agreed upon metric)
The dollar, for now is the world reserve currency. And so, i don't think we will ever see it priced in Euros... accept in a list of prices in Yen, Yuan, Euros...
Sounds very exciting! I hope we can move even beyond $1 million BTC because it would be fun when all the people that never invested would see that. It's painful to be ignorant in life when you see what you could have become! A multi-millionaire with ease by doing some smart humble decisions that your geek friends were talking about! I ignored Bitcoin at $10 value... That was painful when you saw it go to $10K!
Something that all these people do is lurking around at the same time that they live in denial. I know because I did that myself! Go to Twitter see some tweets from your Bitcoin investor friends.. Almost hoping that the price would decline eventually! But technology like this is here to stay. Since we all know how tired literally everyone is of Banks. My Bank closed my Bank card I called them in the morning. They said that they did it because of a 10 dollar Spotify transaction... Or something like that... It's a disaster their monopoly have made them so lazy. They have too much power!
We all know that when the mainstream herd moves into Crypto and Western millionaires that the price will totally explode... The West is still doomed because I think the Bank will still be able to take down that place. They doesn't just want to go down themselves. But a few smart Geeks can get in on Crypto and start to plan their escape. Eventually our whole lives will become Tokenized. Which means even more opportunity and leisure from the extra money.
The fun thing now when we have this new digital money system is that we love when it shows red numbers! Since the Crypto industry moves so fast we know it will turn green very fast again. It's more exciting than the old system. While the old stock market when it shows red it can truly be a disaster. Because it may take years for it to recover! This is too slow for us new geeks that are used to 30x profits in 1 year time.