Post
Topic
Board Speculation (Altcoins)
Re: 1 JAN 2021 BTC WILL HIT 100K$
by
wojak
on 17/05/2020, 11:26:25 UTC
I was reading my chats with friend from 2009, 2010, 2011 - I was like "bitcoin is temporary thing" while he was "it is awesome it has bright future". In 2010 thinking about bitcoin that 10K-20K is real and will be almost reached quite soon was crazy, no one believed.

Yeah, it can easily reach 100k, now jp morgan accepted BTC - two years ago it was hard to imagine, crypto is best performing asset - hard to imagine few years ago, even biggest sceptics accepts btc as real asset now, brrr brrr printing, etc.

But! I've seen and gone through situation when bread price was doubled day to day, when at beginning of month something costs 1000 of local currency, at the end it was 12000, at the end of year we all were millionaires.
So imagine when bread will costs 10k USD, BTC can be priced in billions.
If you add all factors, BTC can easily reach such prices and will probably do.

Right now I already forgot about USD - I am using BTC/AU ratio - cause I have this strange feeling that history will repeat and we all will become millionaires sooner or later.

ahh yeah and govs has this funny kind of behaviour - all my savings where not denominated, while all my loans where, so - 10k of savings stayed 10k, and 10k of loans become 10kk.