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You're right, I meant $100k Regarding losslessly - I'm referring to the point at which the market for bitcoin is largely saturated (in a few decades?). At this
by npoc 2y ago
You're right, I meant $100k
Regarding losslessly - I'm referring to the point at which the market for bitcoin is largely saturated (in a few decades?). At this point the price per bitcoin will be at least $10M/BTC in today's dollars and will have stabilised - the current volatility comes from its fast growth. Until then you're looking at a CAGR of at least 40% over the next couple of decades if you are willing to hold it for at least 4 years (historically the wavelength of the macro volatility, but this period will reduce as the market matures) . It's hard to imagine but it is still so early in it's growth curve - comparable to the internet in 1990. In the last 12 months the pipelines have been opened to institutional money and US is even discussing the idea of a national reserve, even though Trump is yet to see the difference between bitcoin and crip-toe which are poles apart in terms of usefulness.
One is going to $infinity, the other desperately clinging to it's coattails like a parasite, to zero.