Post
Topic
Board Bitcoin Discussion
Re: The Case for a $10,000,000 Bitcoin
by
serjent05
on 23/02/2021, 16:23:26 UTC
Nice article OP. I don’t think $10,000,000 per BTC is impossible at all. It won’t be in this cycle but in the next 10 years, sure. Never sell all your BTC, there is no asset like it. Even 1BTC can make you very wealthy in the next 10 years or so.

At the current price, it does look impossible.  Why not aim for $100k  first before anything more than that.  Even a million-dollar BTC is far from sight let alone 10 million.


this is a joke?
I read this article and I think it is completely irrational and only the author wanted to design the idea and I respectfully reject this article and your post.
I see no jokes on the article and in my opinion, it was a well read. Why do you believe that the $10M are impossible?


The article is well thought.  But somehow I feel like there are exaggerations in the context just to prove his point.  Also, there are lots of possible hiccups that were not stated there.  The article focuses solely on BTC using theories that support the writer's claim, neglecting hindrances like and other crypto competitors that can eat a huge percentage of Bitcoins possible market.  With that missing, the story more likely becomes fantasy/fiction than a possible future reality.


Going from $5 to $1000 is the same thing with $50k and $10M. Would you ever believe that a bitcoin you had bought for $5 would cost 200 times more after 5 years? Sure, it most likely won't be 5 years, but it may be on 2030, 2035, 2040. One thing is certain, the dollar inflates.

And check how the increased price percentage of Bitcoin decreases over the course of time. The difficulty of an increase from $5 to $1000 is not the same as $50k to $10m  since it needs more financial sources than a $5 to $1000 increase.  Like you can find it easier to double your $1 than doubling your $1000.  It is like a comparison of feeding a family of 2 against a family of 200.  Adoption sure will increase but competition will sure eat most of the possible market of BTC along the way.  not saying the possibility of another cryptocurrency to overrun BTC's dominance.