I wanted to share a data point that I found on Twitter which details the path that Bitcoin could take to reach a price point of $1 million, based on a Stock-to-Flow model.
Do you think this is realistic? Let me know what you think!
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
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Sorry to tell you all but ALL cryptos are intrinsically worthless.
1 million bitcoin means total economic collapse. Hyperinflation and the destruction of fiat currency is the only way bitcoin will be 1 million. People will rush into crypto for a hedge. Will the price of bitcoin rise fast enough to keep up with hyperinflation?
$1000 bitcoin first
Your a Dick head
Problem with Bitcoin is it will never scale for real world global adoption due to the fact that it is a PoW algorithm. Mathematically speaking Bitcoin is at a dead end, adding a flawed second layer, namely Lightning Network won’t change this. Add to this the fact that a fair percentage of BTC transactions have and will be compromised (Hacked). The fact is, Bitcoin has been superseded by blockchain and digital assets that have moved away from the flawed and mathematically defunct PoW algorithm namely PoS and Consensus Algorithms. Bitcoin still seems to have brand recognition if nothing else and for this reason i predict that Bitcoin will not acquire real world mass adoption. Because of the fact that a lot of people who hold Bitcoin have a platform to try and keep the dream alive i believe this is detrimental to crypto and will fade away as more user friendly and safer digital assets gain adoption. For example, Ripple’s XRP is gaining ground fast and addresses the problems that the current legacy system has in cross boarder transactions. My educated guess is that this asset has the real potential to become a global bridging asset. The more mature mind will conclude that the banking industry are not going to fade away as a lot of Bitcoin Maximillists would have you think. XRP at this stage represents a great mid to long term investment, Bitcoin on the other hand can only ever be the king of the pump and dump, the first digital asset to gain real world mass global adoption will be the death nel of Bitcoin
Sounds like a lot of
Hopium.. calculate the Market Cap it would need to have.. plus it‘s far far from mass adopted
It seems like you are really not reading the signs here, that we are in for more downside and an extended bear market before anything else.
Not happening, you are dreaming. I am not sure what you are smoking
ATTENTION!! Don't sell your bitcoin i just made 2.2btc
Been holding for 2 years. Once I sell , it will shoot to 1 million 100 percent . It’s waiting for me to unload
Betking.io Play*Invest*BetEarnMine*
Did your boyfriend buy you that shirt because it's gay.
john mcafee will have no cock in 2028
Bubbles are bad its price should rise slowly over the years as the fundamentals become more solid and they will, but please don't ask for another bubble derived from fast rising prices that's the worst the could happen. Actually it's rising fast right at this moment it's at $4006.
U tweaking?
you spilt pizza all over your shirt
even done the maths? 21 million coins x 1 million ^^ good luck with that…
Fuck man, who sells them shirts in the uk?
And you’re way off on your timeframe. We’ve never had interest rates this low for this long. And they’re raising them now. The USD will hyperinflate and collapse WAY before 2029. But I like where your head’s at ???
Sounds great man. Let’s just get above the 200 ema and we’ll be on our way?
Good point crooked english man 😉
Nice chart
Very nice shirt
On one of your recent videos you said you were only buying BTC and Eth , would be good to hear your thoughts on ETh more , do you think EOS could kill off ETH ?
it seems so easy to predict 1Mill when you can't even predict 5k. so stupid to me.
1 MILLION USD IS LAUGHABLE , YOU TALKING ABOUT A MARKET CAP LARGER THAN ALL THE INDICES COMBINED WHICH ARE BACKED BY REAL ASSETS WHEN BITCOIN IS BACKED BY NOTHING AND HAS POOR SECURITY , ITS JUST A SPECTULATIVE ASSET WITH POOR USE CASE A SOLUTION LOOKING FOR A PROBLEM , THE REAL CRYPTO CURRENCY WILL BE GOVERNMENT ISSUED AND 1 FOR 1 AND WONT INCREASE IN VALUE AND HAVE UNLIMITED SUPPLY
1 sat = $1 by 2030
Try Cash App using my code and we’ll each get $5! CCWNFFS
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It also allows you to buy and sell bitcoin through the app. I do video and photography for a baseball organization and they pay me this way which is great. I can easily use a percentage of what I make to buy BTC here and there. It’s worth a look!