A good while back I heard that btc should eventually get to 12 million. A recent news headline said 10 million. A recent thread here says over 4 million. I’ve been following the price movement for a while but I really don’t know a thing about the “fundamentals” of btc. Where do those 300X projections come from?
What happened to 12 million BTC?
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Who said as much as that? I think 100k is probable down the line but wouldn't like to say when. Wild projections are just pointless really. Even my own 100k is based on it being deflationary and the ATH being around 70k. I do think BTC is trading more like currencies though as more money comes in. But picking ATHs in it is as pointless as saying where could gold get to in 10 yrs. Who knows!
These were headlines that I have ran across in the last few years. They seem to believe that btc will hit those numbers because once it is all mined it can’t diluted by a central banks. But this all depends on whether the majority of the population will accept btc as payment for property and services.
So speculative though isn't it as the last BTC to be mined will appear in the year 2143. At this rate we don't know what the state of the planet will be let alone the price of BTC. I'm a fan of BTC and crypto but these outlandish numbers are pie in the sky.
I predict that gold is going to $600,000/oz. You better mortgage everything you have and lose up.
that is the biggest misconception. Consensus can change it and all sudden we can have 41 million limit of BTC to be mined, than 100 million BTC to be mined. Crypto bubble is fueled by fake money, stable coins, that represent 70-80% of daily volume.
Back in 2019 and 2020, people on this board were making fun of me for thinking Bitcoin would make it back to 20k. But instead of going to 20k, it went all the way to 69k and I proceeded to take in some of the biggest profits of my life.
false. You would need the majority of node operators and miners agree to that change (which would be against their interests) never ever going to happen
You can barely get anyone to agree on anything let alone the majority of people to vote for something that makes them poorer Again this is never going to happen