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Part of what I make out of your post in the other thread is that there are chances of Bitcoin moving from $50k to $1.88 million; How did you arrive at those numbers? Furthermore, even though I believe such is possible,I am still struggling to grasp the rationale for such huge growth and the time duration it is expected to be achieved.
Nevertheless, if that happens, that means we would have seen Bitcoin fully sited in the mainstream as a legal tender and the use cases will just be indispensable.
During the last cycle,
in one of my posts from my investment thread, I had placed odds of 0.5%-ish for supra $1.5 million per bitcoin happening by the end of 2023.. or there are various ways to read that.. with probably even lesser odds, because there is a placement of odds upon the substantive prices and there is a placement of odds regarding how long it might take for whichever scenario to play out.
So I figure that the odds are not any worse for this upcoming cycle, and we likely need to move the numbers up higher.
There are a lot of ways to consider upward price potentialities of bitcoin, including considering that:
1) bitcoin is likely 1,000x better than gold, but it is ONLY about 1/20th gold's price. .. it could take 100 or 200 for bitcoin to reach fair market value in regards to gold (so at current inflationary considerations that would be $50 million bitcoin)
2) in the future, the total investable (addressable) market is likely to be more than $1 quadrillion (in today's dollars), and how much value is bitcoin going to take from that? That would also be $50 million per bitcoin if it takes all of that.. but yeah, maybe you believe that bitcoin ONLY can take a fraction or that... and for sure, it would take many years (perhaps 100 or more) for bitcoin to come close to capturing most of that $1 Quadrillion, if it is even able to do it..
You do not have to completely subscribe to these kinds of ideas in order to consider the possible ongoing upward price pressures on BTC that might not exactly cause explosive growth in short time periods (such as within a cycle), yet you can also consider that it could take several cycles to start to feel that those kinds of numbers are starting to seem to be more reachable.
Your point is taken and projections well appreciated. While your projections are exciting and suiting to read, the path to their actualization are still not clear but then, they are opinion and hypothesis that are not cast in stones.
On the aspect of Bitcoin and Gold, I think both will play a key role in the future. While the later have come of age, the former ia still young and will take some time to fully harness the potential.