Which trader or investor held cryptos for the past 10 years? Nobody, not a single one. Those that held through such long periods are die hard believers and entrepreneurs.
Well, perhaps, but that's exactly how the big boys are treating it. Lottery tickets. Check out the investment by JPMorgan or Bridgewater or most other large banks and hedge funds. Not all, but most hold miniscule positions in cryptos. They are utterly meaningless in the context of their total holdings. The same with investments in meta. They basically use it as a sandbox to play around and experiment a little. That's the level of their current commitment. That is very different for many policy makers, the investment in cryptos is significant for many. And that's what really upsets me. That they, who are in power to make important decisions are actually biased and clouded by their self serving interest.
I take more of an issue with the implication that the PAYOFF of bitcoin is like a lottery ticket, as opposed to the size of big firms' positions.
Wild speculation. Could be $0 in 10 years. It's still a highly speculative asset. If Nasdaq holds up, probably goes higher short-term simply because it trades like leveraged Nasdaq.
Total value of all bitcoin approx. $1Trillion. Total value of ALL the world's stockmarkets approx. $90Trillion Total value of all bitcoin at $10Million per coin approx. $250Trillion. (in 6 years)
This is the target price for the next 2-5 years $500K/btc The target price in 10 years is $1M/btc After that, we'll have to re-assess if the adoption and use-case is still taking place Some people think I'm shilling, but the threads that I start and that ones shared by other Bitcoin and crypto supporters here on ET are a measure and indication of the network growth and adoption of Bitcoin and crypto assets ecosystem And the no-coiners haterz attack us for sharing on the Crytpo Assets forum which is a section on ET dedicated to this asset class Anyone with a critical thinking ability will see that there must be a reason the following are involved in Bitcoin and crypto assets ecosystem? Fidelity Goldman Sachs Morgan Stanley JP Morgan Visa & Mastercard PayPal US Bank Bank of New York Blackrock Paul Tudor Jones Ray Dalio Stanley Druckenmiller George Soros Tim Cook Elon Musk Tesla Mercado Libre Pension fund in Australia Biggest bank in Australia Biggest banks in Germany Dubai Switzerland El Salvador US Senators and Congressmen US Cities and States Michael Saylor Microstrategy Japan and on and on and on and on
Stockmarkets is more: 116.78 Trillion. https://www.liberatedstocktrader.com/stock-market-statistics/ And if the stock market grows 25,000% the next 6 years it will be 29,195 Trillion. All bitcoins can crash at zero too, by 2028. My point is: you can create and calculate things according to your own phantasy and become a billionaire or go broke. If you see the volatility and the skyrocketing or crashing crypto's, any normal person with some brain would never make any predictions.