Post
Topic
Board Speculation
Re: Bitcoin will rise to $250,000 by 2022???
by
SolutionBase
on 13/04/2018, 18:56:07 UTC
I think this is pure insanity. There are about 16.95 million bitcoin in circulation right now (there will be more by 2022, but lets just take that number). If bitcoin's price hit 250,000, the total value of all bitcoin would be 4,237,500,000 (4.2 trillion). Now consider that Japan, the number 3 economy in the world, has a GDP of about 5 trillion - that GDP represents EVERYTHING that they make (127 million people + some of the largest businesses in the world). So if someone thinks that an asset, tied to NOTHING, will rival in 4 years the 3rd largest economy in the world simply based on... what? FOMO? than I think that person is wrong. I'm not saying that its price won't rise, I'm not saying that bitcoin doesn't have value or purpose, but this kind of thinking is guaranteeing disappointment.