Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Many of us who have been in bitcoin for a while should not need anything even close to the Biodom numbers in order to be quite thrilled.. even another 5x to 10x from here should contribute to a lot of elation. .I would think.
Of course, if you are newer to bitcoin and you are thinking that you may not even be able to get to 1 or 2 bitcoins of accumulation in the next 10 years, then you might be a little more reliant upon such price performance levels that go beyond 5x, 10x or even 20x from here... which is seems that my bottom chart is largely in the 20x territory when it comes to a 10-year time horizon.
Hmm, Dear 10 years is a really long time span, I would say the next 5 years are gonna bring out many economic changes as per the last day I was checking out the US federal reserves sentiments, and seems like by pointing the soft landing I think they want to conclude their monetary policy for the 2023 by increasing at least one more time interest rate. Most of the macroeconomics are also speculating at least one more spike in the interest rate.
The US treasury is forcing itself into a marsh the recovery might not be possible we can expect the economic recession state for the US till 2027.. The debt is around $32T and the GDP is almost around 26 trillion USD. A very significant amount of difference.
After all this crisis factually it is possible that Bitcoin may shine a significant chance, for the speculation weightage as you can check the gold price is appreciated by 2x, after all this scenario. Not an economist but this is what learned