Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 21/08/2023, 16:46:41 UTC
⭐ Merited by SamReomo (1)
What ChatGPT says about 2140 is:
  • Reward for miners will be transaction fees only.
  • Miners need to upgrade there equipment constantly to remain in the business where competition will be much high.
"The article quote an AI source which says Bitcoin price will be from 1 Billion to 10 Billion USD by 2140."
And I just want to live by 2140 to sell my Bitcoins at that price.
Yeah, even my 0.63 BTC will bring in a pretty good sum of money, presuming that I were to be able to hang onto such quantity of cornz for another 117 years-ish.
Dont worry JayJuanGee, even if you can survive next 7 or 27 years you will get good return on your 0.6 bitcoin.

Price predicted by AI in the article in 2030 price will be 0.5 to 1 Million USD and by 2050, 1 to 5 Million USD.

Or you can  leave it for your descendant who can cash it out in next 117 years.

Well, I see that even from my own rendition of bottom prices, it will take until about late 2048** or early 2049 for 0.63 BTC to get into entry-level fuck you status, which is meant to be $2 million based on today's prices (so not accounting for how much more the dollar might decrease). .. I am not sure if it is realistic, but surely getting us into a 25 years time frame for 0.63 BTC to reach firmly into entry-level fuck you status.. even though surely some folks might consider from their own circumstances (cost of living and/or standard of living expectations) that they may well be able to get by in a kind of entry-level fuck you status at much lower values.

** By the way, I did have to update that particular chart to add in the late 2048 projections that show the time upon which 0.63 crosses over into entry-level fuck you status, since the earlier version had skipped the relevant data from 2043 until 2056... maybe I should just plug in the whole data-set - since I do seem to end up referring to that chart quite a bit and surely folks are curious about those kinds of projections regarding when their quantity of expected BTC will cross into entry-level fuck you status and similar kinds of questions in that direction.

Raw numbers:
11/28/2048

$3,139,783   Expected 200-week moving average

0.63698674  Quantity of BTC to equal $2 million at 200-week MA price