Why an Investor Is Predicting Bitcoin Could Hit $700,000
- Thread starter johnarb
- Start date
Oh geez he must have a really big position to offload. Lol
Heck, $700,000 is conservative!
Although up 360x's ish from it's low's currently, which makes 75x's look easy, I'm not to sure if there is enough money in the world to cover that kinda profits.
Expect, downtrend over all, although up move, expect lower high, the a lower low, then dispear as more and more countries regulate against it.
Expect, downtrend over all, although up move, expect lower high, the a lower low, then dispear as more and more countries regulate against it.
So if bitcoin reaches $700,000, cryptocurrencies will be worth almost as much as all the farmland, and about 25% of the total stock market.
Did you expect a crypto to “think” of anything like that? I thought the same if stuff hits the fan cryptos are wiped. Not only that what’s stopping governments from converting their current currencies to digital?
I do not know when (or if) bitcoin will ever hit $700,000. Currently, bitcoin is being called a bubble at $9,000, and at $150B, many of the central bankers are dismissing it as insignificant.
I'll answer your question in a different way. I will be very happy when bitcoin hits $50K this year and based on the chart I posted, it's still hardly overvalued.
Market share will have to increase hugely due to high demand to get it there, so it'll worth more than the stock market and everything else on that list added up, ie BS!!
It's a bubble, it'll burst!!