why would you compare bitcoin to the stock market? is it a contract that entitles you to the future cashflows of the underlying assets? or do you compare it to gold when the narrative that it should protect from inflation? should we compare all asset classes to the stock market? Are they all supposed to be the same as the stock market value?
An investment in Bitcoin is estimated to be worth over 1000% in 5 years and 2000% in 10 years, ask yourself if you can confidently beat that? And for people saying it's a lottery, look at the list and are you being honest that they spending hundreds of millions and billions cumulatively on infrastructure for this crypto assets ecosystem to play lotteries? --------------------------------------- Quote from previous post: 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
The point is the premise of bitcoin going to $10M or $1M is that it will become more valuable than all the financial instruments ever created in history. So, it's not likely to happen. New world order or not.
From May, 2020: https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2020/
Yet you couldn't explain it why. I indulge you for your education. The biggest move if not most of the move has been done for BTC. So your best chance to make it rain is to pick a so called shitcoin that is cheap or just started out and hope for a big run up. Picking a coin to invest in is exactly like picking numbers for your lottery ticket. All you need is LUCK, because there is no science involved. Gus says HI!
Not until 2100 or what. Holy fuck do I still have to refute this decade old LIE?? Or do you plan living in the 2100s?
Especially those who bought between twelve and twenty dollars, freakin hodlers. What idiotes. They were warned but wouldn't listen. Fok 'em.