Post
Topic
Board Speculation
Re: What can we expect from this statement of Michal Slayer..
by
$anounimus$
on 27/09/2022, 04:01:41 UTC
https://news.yahoo.com/bitcoin-could-return-68-000-135232771.html

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



I don't believe that Bitcoin will be worth $68,000 but $500,000 in a decade is totally possible. I see it more as a store of value similar to Gold and Silver. As we approach the law of diminishing returns in terms of Bitcoin mining, we may need to add some other goodies to the blockchain. Although it's hard to see how this will turn out when Bitcoin is famous for its immutability. With that said, I am still bullish on Bitcoin over the long term as it has shown incredible resilience in the face of adversity and I am confident that the community will find the best way to overcome some of these barriers and bring in more people. Let's prepare for this crypto revolution.