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.
Bitcoin is now predicted to go to 10M within 10 years...
- Thread starter Trader Curt
- Start date
It's naturally deflationary so I expect price to increase but 10m based on what?
Fair enough, but to compare it to lottery tickets? That's just blind hate and jealousy talking
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.
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.
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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.