Quote from: Wind_FURY on July 11, 2023, 06:24:56 AM

From an investment perspective, OK, I'm curious if anyone knows, when was the first modern ETF for Gold issued? Wikipedia says it was during 2003.
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Zoom out Gold's chart to the maximum and look starting at 2003. Merely my two sats, but believe it will be the same for Bitcoin. It will have one of its greatest price trajectory we have ever seen during the next real bull cycle. Perhaps the same as 2015 - 2017, perhaps more?

Correlation does not imply causation. If I fart now and you see that it starts to rain, would you say that it started to rain because I farted?

Quote from: thecodebear on July 13, 2023, 04:14:16 PM

Well, six digits is happening this market cycle without US ETFs.

Yes.

Quote from: thecodebear on July 13, 2023, 04:14:16 PM

Last cycle high was $69k, I'd expect this cycle to hit ~$150k.

I think more or less the same, but maybe the price will go higher, what is clear to me is that $200K is a resistance that I doubt we can overcome in the next cycle.

Quote from: Wind_FURY on July 17, 2023, 11:23:36 AM

Do you believe that $500,000 per Bitcoin is merely an exaggeration by 2025 - 2026 considering Bitcoin's trajectory since 2010?

Of course it is an exaggeration. McAfee already said he would eat his dick on national TV if we didn't reach that price by 2020. 2-3 years ago Dan Held's supercycle theory also predicted we would have reached that price this same cycle and the price didn't go over $69K. It is clear that the price will reach half a million but not as fast as some predict.

You can't take the price evolution from the beginning and think that going forward the price is going to grow the same, especially considering that the price growth has been the lowest this cycle of all. When the price and the market cap of an asset grows it costs more to move it. It is normal that in the future the returns will be like those of this cycle or lower, so it is logical to expect a maximum of 3.5 times the peak of the previous peak of $69K, probably less.