Cathie Wood Says $1M Bitcoin (Again); Why She Might Be Right
- Thread starter The_Krakenite
- Start date
Dear God please no! All she'd do is drag us into a depression by allowing the economy to blow up so her fund can show profits!
But the question is, which will come first? $5000 or $1M? That guy (or gal, I can't tell the difference) is an idiot.
There has to be a reason behind for something to reach such a high value, otherwise it's just a pyramid scheme. I guess Cathie Wood is the new celebrity touting crypto? LOL
You can hope, but realistically that sort of draw-down only happens due to rug-pulls in shit-coins.
If she is long I go short
FWIW, my bet is there will be another bull run.
But what the StF and other abstract theories don't take into account is the response of Governments around the world. The amount of capital it would take to drive BTC to $1M would be staggering, and I can't see Governments just standing by and letting that happen.
At $1M, BTC would represent an existential threat to the global financial system. I would expect a massive coordinated intervention by Governments long before it got anywhere near that level.
But what the StF and other abstract theories don't take into account is the response of Governments around the world. The amount of capital it would take to drive BTC to $1M would be staggering, and I can't see Governments just standing by and letting that happen.
At $1M, BTC would represent an existential threat to the global financial system. I would expect a massive coordinated intervention by Governments long before it got anywhere near that level.