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I might be wrong, it can always keep going up, but is it wise to make a big purchase of an asset that has just reached an all-time high? Especially given how vo
by joegibbs 3y ago
I might be wrong, it can always keep going up, but is it wise to make a big purchase of an asset that has just reached an all-time high? Especially given how volatile BTC is - it could possibly go to 200k or higher, or it could possibly lose 70% in a year like it did in 2022.
- b0sk 3y agoYou should see the tweets of these guys. Not only they expect it to always go up, they think this is still in early stages and the price of 1 BTC could go to millions of USD.
- joegibbs 3y agoUnless there is massive inflation how would that even be possible? At $1 million it becomes close to the value of all gold combined, the GDP of the United States or the market cap of the entire Nasdaq. At that point, where does the money come from to buy more?
- latchkey 3y agoSaylor believes that Bitcoin is a better Gold. "Bitcoin has all the the metal's great attributes, but none of its problems."