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Imagine going long - very long - with a stash that big. The pundits-in-the-know often semi-seriously state they expect 1 BTC to rise to $100,000 USD within 10
by DaiPlusPlus 9y ago
Imagine going long - very long - with a stash that big.
The pundits-in-the-know often semi-seriously state they expect 1 BTC to rise to $100,000 USD within 10 years - looking at the past 5 years that's not an unreasonable statement to make. This is based on BTC's deflationary nature, and its increasing prevelance in the world. Imagine if you owned one 28,000,000th of the Internet economy - that would still be a lot of money. What if you owned 10x or 100x of that? In BTC it's still an amount affordable by a large organisation or nation state, but in 10 years' time it would be like having your own Fort Knox.
- dragandj 9y ago> looking at the past 5 years How much it extrapolates in 20 years then? 100 million?
- uncoder0 9y ago$100,000/BTC isn't a raw extrapolation to my knowledge and I've been in the crypto space since early 2009. It's a popular number chosen that'd represent BTC @ ~1/4 the market cap of Gold. Which I don't think is that unreasonable if you're evaluating it as a store of value.
- JumpCrisscross 9y ago> It's a popular number chosen that'd represent BTC @ ~1/4 the market cap of Gold Is this where "if we only get 1% of the market we'll all be billionaires" goes to summer?
- wahern 9y agopundits-in-the-know That's an oxymoron. And I'm not even trying to be cynical. People in-the-know aren't pundits, they're the ones the pundits are talking about. You can tell because pundits suddenly have alot less to say, and are much more circumscribed, when they're discussing topics with which they have contemporaneous, first-hand knowledge--pretty much the complete opposite situation of someone publicly predicting the USD price of BTC 10 years down the road.
- DaiPlusPlus 9y agoThere are people like John McAfee who clearly understand Bitcoin and frequently post punditry to their Twitter feeds - and make jokes about BTC's future price: https://twitter.com/officialmcafee/status/887024683379544065?lang=en https://twitter.com/officialmcafee/status/887024683379544065...