Bitcoin is now predicted to go to 10M within 10 years...

johnarb said:
You've got to let your imagination go free

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No thanks, I'd stick with my old adage that if something looks to good to be true than it certainly is in the financial markets.

This isn't even me being overly pessimistic. It has been proven countless times in history wherever money is involved.
 
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John, you can put any math, but I hope you realize BTC would never reach current levels without Tether fraud. Once if ever, it gets busted then we will see what digital assets are really worth.
 
RedDuke said:
John, you can put any math, but I hope you realize BTC would never reach current levels without Tether fraud. Once if ever, it gets busted then we will see what digital assets are really worth.
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Tether will continue to print and expand due to demand. They are getting fiat in exchange

And as you know, there's less than 5% of Tether in circulation that are redeemable and no one is redeeming them due to a strong demand creating a high yield for Tether

Many Tether may be lost forever due to lost private keys

In conclusion, Tether will keep printing much to your dismay. I'm sorry RedDuke, my prediction is that Tether will not collapse
 
johnarb said:
prolly nothing...

Legends

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The majority of the comments are done by bots with generic phrases containing "Great" "Awesome" "Best " / "Show" "Episode" "Interview" etc. Followed by an emoji. :rolleyes:
 
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GotherL said:
The majority of the comments are done by bots with generic phrases containing "Great" "Awesome" "Best " / "Show" "Episode" "Interview" etc. Followed by an emoji. :rolleyes:
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Comments? I watched it in expanded view so I did not see the comments

Did you watch the video? I highly recommend it, these guys are subject matter experts in their fields and providing their time for everyone to benefit from

  • Michael Saylor is a billionaire before Bitcoin. He graduated from MIT
  • Mark Yusko made his fortune investing in early tech startups before Bitcoin
  • Anthony Scaramucci is a hedge fund manager with extensive experience in politics, investment banking and private wealth management

Here's the video past the audio problems in the beginning. Just click play

 
To reach 10 MM in 10 years, BTC should already have had a value of $180,000 end of 2021, if we would assume that growth would be equally spread over these 10 years. Starting date was the year when the prediction was made (2018).
The red line gives the needed value to reach 10 MM in that scenario. The blue line is the real evolution of the value of BTC in the period 2018 till end of 2021 (so the first 4 years). Today we are even much lower again, so the gap is widening.

The growth will of course not be spread equally, but the backlog on this hypothetical value is dramatical. BTC can, in the first 4 years, NEVER ever touch the hypothetical value anywhere, that is needed to reach the 10 MM. To reach the 10 MM it is however necessary to even get higher than the red line as BTC should first recover the backlog and on top of that the compounded rate of return it never could even reach.

I know, believers will say that there will be a few big moves upwards, but till today, all the previous moves upwards were not enough.

btc.jpg
 
johnarb said:
Tether will continue to print and expand due to demand. They are getting fiat in exchange

And as you know, there's less than 5% of Tether in circulation that are redeemable and no one is redeeming them due to a strong demand creating a high yield for Tether

Many Tether may be lost forever due to lost private keys

In conclusion, Tether will keep printing much to your dismay. I'm sorry RedDuke, my prediction is that Tether will not collapse
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That is what was said about Madoff for decades. We will find out in years to come.

high yield where you can print it means shit. When, if , this whole thing blows up it will be very very ugly.
 
johnarb said:
Tether will continue to print and expand due to demand. They are getting fiat in exchange

And as you know, there's less than 5% of Tether in circulation that are redeemable and no one is redeeming them due to a strong demand creating a high yield for Tether

Many Tether may be lost forever due to lost private keys

In conclusion, Tether will keep printing much to your dismay. I'm sorry RedDuke, my prediction is that Tether will not collapse
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That is what was said about Madoff for decades. We will find out in years to come
 
RedDuke said:
That is what was said about Madoff for decades. We will find out in years to come
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I'm sorry, what did they say about Madoff that is the same as what I said about Tether?

Madoff ran a big ponzi scheme. Tether is not a ponzi scheme. Look up the meaning of ponzi, then we can discuss

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By the way, this is how important Tether and Bitcoin is to the rest of the world


https://twitter.com/x/status/1508226283448463361
 
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