Bitcoin Expert Predicts A $100 Trillion Market Cap

[TH Anlaysis]

In 463 days the Stock to Flow model predicts BTC to $100k

The CME has just announced a micro futures contract, tradeable from May, which will increase awareness, adoption and general liquidity of all things Bitcoin. As their big BTC futures contract is now too expensive for most traders to get involved with.
BTC is approaching the market cap of Gold, so unless Gold can get out of the 2k-1.7k range, BTC could be a legit store of wealth sooner rather than later.

 

[Nobert]

My intuition tells me that it is not impossible that a small group tries to take over control over the entire world by using BTC (and other crypto's).
First they create "money" out of nothing.
Next step is to convince people only to use BTC. They do that by pumping BTC. The BTC are controlled and their value is defined by that small group. People will buy BTC because they are greedy and want to become rich. That is what the whales want.

If BTC would be recognized as a payment solution, several people who created BTC would become billionaires without ever having done anything but deceiving people.

I think it's more likely a country or even few.

A small group... Or a massive country/countries?

Which one/s, how do you think ?

 

[Snuskpelle]

That's because the system improved, not because our nature has changed. Any crime, any political movement/ideology that could disturb/harm our current state of modern society, is being reacted to and dealt with much faster. But i doubt that there's some significant changes in our emotional responses, or for that sake in general intelligence.

I watched a documentary on this recently. Some scientists now think that we are _actually_ less violent and more controlled (less impulsive/emotional) than several hundred years back. A key change is that violence and lack of self control started being punished by society, making self controlled individuals more likely to survive to the next generation.

 

[virtusa]

Which one/s, how do you think ?

I have no idea
I would logically think the nationality were the biggest wallets are originated from. Chinese are by far the biggest BTC holders.

 

[Nobert]

I have no idea
I would logically think the nationality were the biggest wallets are originated from. Chinese are by far the biggest BTC holders.

Hmnn. Wouldn't US ban it in a second tho ?

Besides all of the global bad guys like Iran, Russia, China etc. have strict laws when it comes to it, comparing with western world.

 

[Nobert]

A key change is that violence and lack of self control started being punished by society.

And society is run by the system.
(Those got improved in the last few centuries)

In the times of war, when system collapses, - our true nature shines once more.

 

[virtusa]

Hmnn. Wouldn't US ban it in a second tho ?

US should indeed ban it for national security.

Besides all of the global bad guys like Iran, Russia, China etc. have strict laws when it comes to it, comparing with western world.

That's logical as they want to keep 100% control of the country they control. For them it is easy as they are dictators. They just liquidate opponents if they make problems. Look at Navalny in Russia.
That's more difficult in a democracy, and makes it also more vulnerable.

Russia knows very well how dangerous a crypto is:
https://bitcoinist.com/russia-fsb-wants-to-interfere-in-crypto-regulation/

And to be prepared and keep the herd happy they give them a crypto controlled by Russia:
https://www.dcforecasts.com/altcoin-news/russias-sberbank-wants-approval-to-launch-their-own-crypto/

 

[Nobert]

US should indeed ban it for national security.



That's logical as they want to keep 100% control of the country they control. For them it is easy as they are dictators. They just liquidate opponents if they make problems. Look at Navalny in Russia.
That's more difficult in a democracy, and makes it also more vulnerable.

I have this little theory :

https://www.elitetrader.com/et/threads/cryptos-to-control-inflation-part-2.358042/

 

[SunTrader]

Amazing how many are so so so concerned about BTCUSD.

What if it had never gone above the value of a bennie.

A bennie for those who don't know is a Ben Franklin $100.00 bill.

They would move on and find something else to be so so concerned about.

Why don't you folks pretend BTCUSD crashed back down to $100.00 and move on anyway.

 

[DiceAreCast]

What are you talking about? BTC mining right now already consumes more energy than the one consumed by several countries combined. And you compare it to a few soda bottlers and potato chips makers? Lol

Way way less than the fast food/junk/snacks/soda market produces.

The US has one massive obesity problem so if people are really worried about excess energy usage, focus on that sector and kill 2 birds with one stone.

BTC's energy usage is nothing compared to things like the above, and we haven't even started to talk about the energy used and wasted on the war on terror (massive failure) and the war on drugs (even bigger failure with $1trillion wasted).

So if people want to talk about Bitcoins energy usage without talking about MANY other things, it proves they don't care about energy waste and are just getting their talking points from the media.

Bitcoin's energy usage is a third rail...