Recently i came across this post Michael Saylor says Bitcoin could return to $68,000 within 4 years and hit $500,000 in the next decade..
The time line of 4 years seems very long... What's your opinion regarding this statement
As for the speculation, I think it is quite conservative for a period of 4 years, because it turns out that the next halving will not have any impact on the price. I would not agree with that statement (if it is true), and this with $500k is quite frivolous for anyone - because the next decade means that it can happen in 8 years (2030), but also that it can happen in 2039, which is just guessing and shooting at the target blindfolded.
"The next logical stop for bitcoin bitcoin is to replace gold as a non-sovereign store of value asset," he said.
This is not something I can agree with either, because gold is still a completely different category and something that countries will not just give up and replace with Bitcoin. It is possible that some countries like El Salvador will buy Bitcoin, but that some mass exchange of gold for Bitcoin will happen is not something we will experience in this or the next decade.
@Flyingjack123, if you don't mind editing the title, it's not Slayer, it's Saylor.