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Bitcoin will hit $100k next year. I expect it will top out around $400k-$500k before falling down to ~$65k in 2022.... only to start running again and easily ex
by cyphertruck 6y ago
Bitcoin will hit $100k next year. I expect it will top out around $400k-$500k before falling down to ~$65k in 2022.... only to start running again and easily exceed $1M per coin in 2025.
This may seem absurd to make such predictions,but it isn't a guess like yours are, it’s based on modeling bitcoins fundamentals. You guess is informed by, presumably, the stock market. That’s reasonable if you think if bitcoin like a stock. But it isn't.
Bitcoin is a new form of money, —the hardest money ever— that is going through the technology adoption lifecycle.
Most people really don’t understand bitcoin, yet adoption grows in fits and spurts, and that’s why we get these huge bubbles in the bull markets and huge pullbacks in the bear market.
But in 2026 if I’m right will you still be predicting inly %10 annual growth in bitcoin price? Will you have remembered this comment?
- holler 6y ago> Bitcoin will hit $100k next year John McAfee would like to have a word with you...
- octoberfranklin 6y agoActually he's having trouble speaking right now because his mouth is full.
- cyphertruck 6y agoFake news. Anyway, at dome future point people will search HN for bitcoin price predictions. I have a million dollars on this one. Mock me now, and next year you will have forgotten this conversation ever happened. And thus you will not learn from it.
- jackmodern 6y agowill you eat your own dick on camera if this prediction doesn't pan out? lmao
- cyphertruck 6y agoTypical HN, my salient points are downvoted to hell but this comment is not. That’s why this site is one actual hackers avoid.
- jackmodern 6y agoYou are making an outlandish prediction that has been made before. I am simply pointing that out. If you make ridiculous predictions like this someone is going to get hurt.
- jackmodern 6y agoalso FWIW I am currently holding several hundred thousand dollars worth of bitcoin and a few hundred ethereum. I am as bullish as they come. Price predictions like this are just used to dupe retail and create bag holders after the bubble pops.