Quote from: Rabata on Today at 01:06:52 PM

Quote from: JayJuanGee on March 20, 2023, 08:11:44 PM

I think that bitcoin reaching $1million in 90 days is less than 1%, but sure of course, I could be wrong, and the percentage could be higher than that..... but if you even think that there are 10% odds, that seems loonie to me... Of course, anything can happen, but it seems best to attempt to stick with more likely scenarios rather than crazy ass scenarios that might also presume some kind of an armagaedon happening.. .. because if you think about matters, the whole world would really be fucked if BTC prices were to go up that fast.

You are right. When I heard such a news I found it strange and those who are in the crypto world might call such prediction as fake which is very normal thing. But what if we think positively. Did anyone think of $70k at that moment when some one could buy a pizza by paying large amount of BTC? At that time it was an unrealistic fantasy to think the price of $70k. But at one point BTC reached that price. Now it is hard to believe the statement that BTC will go to 1 million in 90 days but it can happen, it is possible. According to the expectation of 1 million should not be invested but we can see its potential. I think if it is 100k instead of 1 million then what is bad? As such I think there is still that time to buy bitcoin.

There have been high side price scenarios in bitcoin since before I got involved in studying bitcoin (in late 2013), when I got into bitcoin, there were already scenarios for $1million bitcoin, and of course, since bitcoin's then existence and price history were shorter, those kinds of claims seemed way more speculative (and theoretical) rather than fact-based, so the passage of an additional 9 years.. or even to witness bitcoin operating for more than 14 years can provide quite a bit more confidence in terms of the growth patterns of various network effects - including the studying of the network categories that had been outlined by Trace Mayer around 2015 - https://nakamotoinstitute.org/mempool/the-seven-network-effects-of-bitcoin/

Even in this post from late 2014 shows a projection for $1 million bitcoin for mid-2026.. and I am pretty sure that there were threads on the topic that went up to $1million or more per bitcoin that were earlier than 2013.

So in some sense, we are debating more about when $1 million rather than if $1 million, even if the "if" part is not 100% certain either....

Of course, one of our more recent entrants into the bitcoin space (Greg Foss), suggests that his model for $2 million bitcoin is a conservative one, and he does not want to place a timeline on his projection because there is a lot of uncertainty in terms of attempting to project both price and time (even though in this article, Foss seems to be suggesting $2 million per bitcoin by 2031), and Foss's projection is using "today's dollar value" rather than relying upon either inflation or a debasement of the dollar in order to achieve those kinds of bitcoin price trajectory values.