Quote from: Febo on October 14, 2018, 12:07:35 PM

Quote from: BillyBobZorton on June 26, 2018, 12:26:04 PM

That's right, im making the prediction. In 10 years Bitcoin will have a marketcap of several trillions. Most fiat sitting in dumb places like bonds, derivatives, idiotic stocks, easy to counterfeit metals such as silver and gold... will be sitting on the capital B blockchain.

We'll go parabolic in ways never fathomed before. After we gross the first million barrier it will open Pandora's box. Minds will be blown, everything will become possible. Anyone not holding wealth in Bitcoin will have their goods at constant systemic risk.

Go all in and hold.

If in 10 years Bitcoin will be worth that much that means that it will severely harm value of USD. and that means that with 1BTC or with $10m you will be able to buy way less as we imagine. Well, it will be less as we imagine right now anyway. If inflation is only few % it will already be 1/3 less.

So why dont you rather put these long term predictions in Gold? Will Bitcoin be worth 5000 ounces of Gold in 2018? Will be 10000?

A lot of people don't seem to realize how the USD has been performing in the past few years. Just 10 years ago we saw a massive peak (right when bitcoin was released ironically enough) on its inflation:

And then picture in the (also ironically enough) $21 trillion USD debt and growing. Then extrapolate this into 10 years... we are going to see some crazy things, and $10 million per coin in 10 years is not out of the picture. Im not worried purchasing power wise. 1 BTC will always be 1 BTC, in 10 years this fact should be clear enough that you can buy anything you need with it.