ARK Investment Management Star Fund Manager Cathie Wood predicated bitcoin would be exceeded more than $1 million by 2030
Mike McGlone senior commodity strategy at Bloomberg intelligence predict that bitcoin would hit $100000 at the end of 2025
Greg Beard is one of wall Street's most successful natural resources investors at 21 century believes that bitcoin would hit $200000 at the spring of 2027
ReferenceThere are too many speculations about the price of Bitcoin in the future, of course, with them predicting that the next few years Bitcoin will increase rapidly, they are also experts on predictions There are certain reasons why Bitcoin can reach the highest price of all time because it has an annual cycle with its history.
What we have to do is hold Bitcoin for maybe much better for a decade maybe we can feel how to sell at a high price, if that happens it will be an experience for you to hold Bitcoin for a long time, we should also be able to do this without having to be around pressure from others in the sense that we can still hold Bitcoin without selling along the way.What I want is to stabilize our finances for a long time, for example I am still working for a long time in a company or have a business that can be our income while we can invest without being bothered by other needs because we have enough of the work hard work or other endeavors.
I take a bit of an issue with your above statement that I have bolded, salad daging.
Since we do not have guarantees about bitcoin's price, but we likely will still realize that bitcoin is going to continue to remain amongst the most prestine of assets to hold. I have no problem with either selling off some bitcoin as the price goes up which may also mean diversifying into some other assets along the way, too.
Of course, there are devil in the details, yet it seems that part of my point is that it will likely become more clear how to manage and/or maintain our bitcoin stash as our stash grows - and in that regard, I doubt that it is healthy to ever think about completely diversifying out of BTC, so in that sense, even if there might be expectations that bitcoin might have a cycle (that includes a very long correction) it may well be the case that many of us will still choose to continue to hold on to a decent amount of our BTC stash.
So for example, if our goal is to get to $2million in value of bitcoin in a kind of sustainable fuck you status, and maybe so far we have accumulated 2.5 BTC, and we anticipate that in the next 10 years, we will be able to accumulate another 2.5 BTC, so that will give us a total of 5 BTC, so if bitcoin prices get to $400k in the next 10 years, then we will have reached our $2million fuck you status. What you going to do? Sell your 5 BTC (since it is worth $2 million - which happens to be your goal)? and put it in what?
From this example, you might see why I have issues with the idea of thinking about selling BTC merely because it goes up and reaches your goal.. but I do not have problems in regard to selling some off along the way..or even valuing your BTC in such ways to consider something like the 200-week moving average to help to better inform you how to attempt to manage your BTC holdings... which might authorize you to sell some of your BTC as the price goes up and goes on peaks, but it would not necessarily authorize you to be selling larger portions of your stash but instead continuing to build your stash. and to perhaps continue to diversify in a variety of ways.. so that you can enjoy your life based on bitcoins anticipated appreciation.
Even though I likely need to revise some of my 200-week moving average projections, you can see from my thread and
my post last revised on December 28, 2021, I had gone through a process of attempting to valuate BTC base on 200-week moving average projections - and even if that chart might be a bit too ambitious, it does project out that the 200-week moving average might be able to justify 5 BTC reaching $2million by 2026. or maybe within years thereafter.. if I might need to make the slope of the anticipated 200-week moving average to represent a curve rather than a straight line.