Maybe she did already and that's why she's pushing it so hard. I mean did she give her rationale to explain why thinks BTC would hit $1,000,000 by this date 2030, in 8 years or did she just throw that number out there?
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Bitcoin Will Worth $1 Million By This Date, Predicts Cathie Wood
- Thread starter themickey
- Start date
Maybe she did already and that's why she's pushing it so hard. I mean did she give her rationale to explain why thinks BTC would hit $1,000,000 by this date 2030, in 8 years or did she just throw that number out there?
There have been a number of speculative bubbles, onions, tulip bulbs, South Seas, Mississippi bubble, Japan economy, Nickel, Dot Com Internet stocks, Crypto then NFT's.
They all have one thing in common, flash in the pan.
Ya gotta look for the next best thing, not look over your shoulder forlonly at what once was.
Those thinking crypto going to a million bucks, mate you've missed the boat, it's all over red rover.
They all have one thing in common, flash in the pan.
Ya gotta look for the next best thing, not look over your shoulder forlonly at what once was.
Those thinking crypto going to a million bucks, mate you've missed the boat, it's all over red rover.
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I don't know why they let bears like Cathie Wood fud Bitcoin ¯\_(ツ)_/¯
In all seriousness, even if Bitcoin stays at a price of $10K-$15K for the next 50 years, it would have served its purpose and Bitcoiners like me would consider it a major success
There is more to Bitcoin than just fiat-converted price
What is more important is that the number of users keep increasing about 150M worldwide (300M worldwide cryptos users), currently
Looking forward to the next user-growth target of 1 Billion worldwide users in the next 5-10 years
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The importance of that will not be understood by nocoiners and that's ok. Let's check back in a 1-3 years on our progress
In all seriousness, even if Bitcoin stays at a price of $10K-$15K for the next 50 years, it would have served its purpose and Bitcoiners like me would consider it a major success
There is more to Bitcoin than just fiat-converted price
What is more important is that the number of users keep increasing about 150M worldwide (300M worldwide cryptos users), currently
Looking forward to the next user-growth target of 1 Billion worldwide users in the next 5-10 years
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The importance of that will not be understood by nocoiners and that's ok. Let's check back in a 1-3 years on our progress
The problem is all the forked shit/shitcoins. I am long BNB to 345.
Shitcoins (altcoins) can be very lucrative in increasing the bitcoin stack or the $ returns or divided into both
A famous example is the Ethereum ico
1 btc = 2000 Eth per Initial Coin Offering terms & conditions
2000 Eth in today's price is $2.36M or 142 btc
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In your example, BNB has decimated the btc conversion rate since its inception so even a Bitcoin-maxi would have benefited if the person converted a portion of the btc stack to BNB... and BNB has performed well during this bear market relative to the overall cryptos market
Probably similar thinking in Forex where if a rich person 25 years ago in Venezuela, Argentina, or Turkey was able to convert a significant portion of their net worth to US $ (or assets)
Maybe, or maybe it will outperform the USD
Bitcoin is not trying to replace USD which is just another fiat currency
Bitcoin is trying to become true hard money that is not debt-based
Gold and silver-bugs would understand this, but they hate Bitcoin, so there's that
If bitcoin does not increase in price then literally by definition it has not performed better than the dollar (absent ability to lend it vs lending dollars).
Yes, I misspoke that it was a pre-defined condition of $10-15K
But I stand by my previous statement that Bitcoin would still be a great success for what it was designed for