Post
Topic
Board Speculation
Re: Speculation Rule: buy when others are irrationally pessimistic or too cautious
by
JayJuanGee
on 21/02/2017, 18:18:42 UTC
$2,500 to $5,000 seems like what I was considering.

Another statistic I like to look at is the 21 BTC holding value. 21 BTC means less than 1 million people club, being on that part must mean big wealth long term for the holders of such amount.

In order to be a millionaire with 21 BTC, we must reach around $47,000

The question is, what are the chances that we see such $47,000 in any of the following bubble cycles? is it possible in 10-20 years?


It seems feasible in 10 years, maybe even less. 

A 10x increase today would put us at $11k and $180Billion market cap.  A market cap of $500 billion to $1trillion still seems relatively small for a currency, payment system and store of value system... In other words, $47k seems within the real of reason, especially if giving it 10 years - yet we also know that a lot can happen in 10 years that changes outcomes, too.