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I believe to be stable Bitcoin market cap should go much higher than it is now. It needs to be at the point where it's hard for someone even with a lot of money
by tananaev 9y ago
I believe to be stable Bitcoin market cap should go much higher than it is now. It needs to be at the point where it's hard for someone even with a lot of money to manipulate it. It should be at the level where governments are afraid to seriously tamper with it because it can cause global recession.
My long term bet is that it will get there at some point. It might be in 5 years, 10 years or more, but we will get there. We are in a bubble now, but that's just market/human nature and I don't see any way to avoid it. This bubble will pop. There might be more bubbles to come, but what doesn't kill it makes it stronger.
- amenghra 9y ago> This bubble will pop. There might be more bubbles to come, but what doesn't kill it makes it stronger. Some bubbles pop and never recover. E.g. the tulip market isn’t a “strong” market today.