Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
infofront
on 05/04/2018, 14:08:40 UTC
... allow me to butt in ... while the total expansion capacity of bitcoin value might seem infinite from our current 'small-time' vantage point it is most definitely finite, realistically we have at most 1.5 to 2 pimple tricks remaining (1 order of magnitude expansion over previous). A btc valuation in the USD300-700k range puts it at ~10trillion market cap or ~10% of global fiat monetary supply.

Another pimple trick after that would be almost total global domination of all monetary assets, which while possible is probably not realistic or desirable anyway.

Sounds reasonable to me. To reach gold parity in one or two decades is really an astounding feat. I do fear a bear market like no other after that point however. Nasdaq took 15 years to recover after the dot-com run-up, and perhaps Bitcoin will suffer such fate before we see more pedestrian and sustainable growth.

Perhaps Bitcoin will recover 15 times faster.