Cathie Wood predicts a surge to $2.3 million in Bitcoin

Sergio123 said:
If it goes to 2 million then we are going into hyperinflation and everything else is going higher too.
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Only 21 MN BTC were created and I believe only 19MN are in circulation.

If BTC went to $2MN then that mean that the value of BTC would be :

2MN x 21MN = $ 42,000,000,000,000.

I believe that is $42 Trillion.
The world's GDP was $105 TN in 2023.

The 2MN not in circulation would be $4TN.

Whoever is holding the remaining 2MN will be legendary, but I still think it's the CIA.

Imagine the cost of gold and silver if BTC is 2MN.

I would not worry about the value of BTC if it does, I would be more concerned about the circumstances that move it that high; WW3, economic problems in the EU or China, someone launching a nuclear missile? I'm okay with BTC at 38K.
 
See what this unlimited fed propped up rally does to the mindset of individuals. Who in their right mind would actually believe this garbage....and on top of all this wallstreet wants the fed to cut rates so the markets can even catch more gains.
This entire market is literally out of whack at this point. $2.3 million for a fake fantasy unicorn coin.
 
DallasCowboysFan said:
Only 21 MN BTC were created and I believe only 19MN are in circulation.

If BTC went to $2MN then that mean that the value of BTC would be :

2MN x 21MN = $ 42,000,000,000,000.

I believe that is $42 Trillion.
The world's GDP was $105 TN in 2023.

The 2MN not in circulation would be $4TN.

Whoever is holding the remaining 2MN will be legendary, but I still think it's the CIA.

Imagine the cost of gold and silver if BTC is 2MN.

I would not worry about the value of BTC if it does, I would be more concerned about the circumstances that move it that high; WW3, economic problems in the EU or China, someone launching a nuclear missile? I'm okay with BTC at 38K.
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If you have bitcoin at 2.3 million where would world markets trade at.... how about nvda and tech stocks a like, the dollar, gold...real estate. If you can value a magical coin at 2.3 million how come the dow can't be at 500k..... everyone praying for 2% inflation and rate cuts and she thinks 2.3 million a coin. I could just imagine the economic outlook with bitcoin at $2.3 million
 
S2007S said:
See what this unlimited fed propped up rally does to the mindset of individuals. Who in their right mind would actually believe this garbage....and on top of all this wallstreet wants the fed to cut rates so the markets can even catch more gains.
This entire market is literally out of whack at this point. $2.3 million for a fake fantasy unicorn coin.
More...

He knows......But this just means that we are only getting 3 rate cuts instead of 5.

https://news.yahoo.com/powell-us-unsustainable-fiscal-path-002419665.html?fr=sycsrp_catchall
 
Sergio123 said:
He knows......But this just means that we are only getting 3 rate cuts instead of 5.

https://news.yahoo.com/powell-us-unsustainable-fiscal-path-002419665.html?fr=sycsrp_catchall
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There is nooo reason for rate cuts...

The entire world is booming and here in the US there is zero chances according to nearly every talking head of a recession and an extremely soft landing.

Gdp booming, unemployment rate 3.7% wages up, job numbers up huge last month. Earnings all around doing extremely well, a stock market up 13 out of 14 weeks with gigantic returns since early 2023.

Why rate cuts. Absolutely unnecessary....
And if they do cut rates I will desperately hope for inflation to skyrocket. It would be an honor to see this unfold after all these beggers want rate cuts ....
 
S2007S said:
There is nooo reason for rate cuts...

The entire world is booming and here in the US there is zero chances according to nearly every talking head of a recession and an extremely soft landing.

Gdp booming, unemployment rate 3.7% wages up, job numbers up huge last month. Earnings all around doing extremely well, a stock market up 13 out of 14 weeks with gigantic returns since early 2023.

Why rate cuts. Absolutely unnecessary....
And if they do cut rates I will desperately hope for inflation to skyrocket. It would be an honor to see this unfold after all these beggers want rate cuts ....
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Its not for lack of growth or deflation....its for the amount of built up debt already in the system and the debt servicing costs.
 
S2007S said:
There is nooo reason for rate cuts...

The entire world is booming and here in the US there is zero chances according to nearly every talking head of a recession and an extremely soft landing.

Gdp booming, unemployment rate 3.7% wages up, job numbers up huge last month. Earnings all around doing extremely well, a stock market up 13 out of 14 weeks with gigantic returns since early 2023.

Why rate cuts. Absolutely unnecessary....
And if they do cut rates I will desperately hope for inflation to skyrocket. It would be an honor to see this unfold after all these beggers want rate cuts ....
More...
Re: cutting rates. It's pretty simple. They can't afford the interest payments on the federal debt. Something's gotta give.
 
Why are you all so interested what Cathie Wood has to say? She is a lousy money manager, cannot see into the future, her opinion is just one in 8 billion, had a huge luck in 2020 and huge unluck later. The only thing she is good at is bullshit talking and taking money from investors in the form of management fees.
 
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