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In 2017 it took ~9 months for #Bitcoin to go from $1k to $20k. The block subsidy was 12.5, there was a lot more BTC sloshing around on exchanges, mining was boiling the oceans, and there was zero institutional money coming in.

$1k to $20k is 20x.

$50k to $1M is 20x.

SunshineAndRainbows 2y ago

You’re so full of shit, or you’re just an absolute moron.

Absolutely laughable.

Hilariously laughable.

Can this happen -eventually-?? Sure.

It will not happen anytime soon.

BTC @ 1mm would be 5x the value of Apple.

BTC @ 1mm would be valued more than the current top 20 market cap securities.

All this for a commodity with limited to no adoption in the general public.

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Discussion

ben 2y ago

Bitcoin is money not a company. It should be way higher valued than apple or any other single security. And is safety from inflation not useful to the general public? I’m saying 1M is possible this cycle, but it’s not likely. Doesn’t make it a laughable proposition.

SunshineAndRainbows 2y ago

Define “this cycle” please.

ben 2y ago

By the end of this upcoming bull market

SunshineAndRainbows 2y ago

How long is that going to be?

Define bull market.

ben 2y ago

One year and 2.5 months. Price go up time. Any more questions?

SunshineAndRainbows 2y ago

So, you think in a little over a year BTC can go to 1mm?

Fantasy land.

Absolutely absurd.

ben 2y ago

Keyword is can. I would probably put it at less than 5% chance

H.M. Murdock 2y ago

Cool, don't buy any.