Rich Dad Poor Dad author predicts Bitcoin will be $1.2 Million in 5 years

An equally interesting/important speculation ... will lumber be $12,000 per kbf (vs $1000 now) and what will capital gains tax rate be?
 
SabreMan said:
He is going to look like an idiot when bitcoin goes down to $12000 during the next crash. Off by a magnitude of 100
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Say he's right and you are right but BTC hits 1.2M first. Hence the rise then the crash.

BTC is at 60K now so that's a return of 20x. Then BTC drops to 12K and that's a loss of 99%

What's the larger number? 20x = 2000% or 99%?

If you say 99%, you are the idiot.
 
If so , suggesting the world economy will be maybe 80 trillion in 5 years , (68 trillion at present ) at 1.2 million bitcoin will be 20* current mkt capitalisation , just over a trillion at present , therefore bitcoin will be responsible for a quarter of world economy, but if alternative coins stay in roughly similar proportion crypto coins will account for nearly half of world economy . I find that unlikely , and I suspect alternative coins will make up a greater proportion in the future ( one reason being the above reasons limiting the upside to owning bitcoin , we won't see the meteoric rise in bitcoin we've already seen , but may see some sort of meteoric rise in some newer coin that has a far smaller capitalisation. Whichever way you look at it most of bitcoins percentage gain is far behind it, atleast for the next few decades.[/QUOTE]
 
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