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.
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.
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.
Define “this cycle” please.
By the end of this upcoming bull market
Cool, don't buy any.
Loving the optimism ✨⌛️⛓️
There is no rush Samson, we are still stacking over here.
It’s going up for our whole lifetime as long as humans become more efficient and want to save value. don’t worry about missing out. Bitcoin is worth buying at 1m just as much as it’s worth buying at 1 dollar.
I think 8M by 2025. Well, this is my projection and Michael Saylor as well. Also believing by 2038, #bitcoin hit 1B (Fidelity CEO said that). They are the money guys, I’m with them.
8M by 2025? lol wut?
Scarcity + halving + institutional funds + less btc available.
At this price we would need inflows of 26 Mio USD every 10 mins due to mining. Or 3744 Mio per day. And that just to sustain the price. I’m also a bull. But we need more halvings and less new supply before we can moon up there, imo.
Go easy on the price stuff
If I wanna see moon boi'z I'll go to YouTube
Yes people underestimate the network effect + the little supply
Ask two questions:
Will high conviction demand increase/ decrease?
And will new selling supply increase/ decrease. (The answer to this one is baked in the protocol)
🐂
1 juta 👇
nostr:note1l2cpgup7kk9fy923czr8v6yz9es7ug3ypalaj26aka0clcqcyvlq9adjgu
From March 2020 to April 2021 Bitcoin went from 3.8k to 65k, or 17x in 13 months. We haven't seen anything yet.
