Quote from: fillippone on November 11, 2023, 11:20:08 PM

Salor resonated the decalogue in a recent speech at the Australia Crypto Convention:

Bitcoin Boom: Michael Saylor Forecasts 10X Surge in Demand Within a Year, Predicts Multi-Million Dollar Future

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MicroStrategy co-founder and renowned Bitcoin advocate Michael Saylor anticipates a substantial surge in Bitcoin demand, potentially reaching up to 10 times its current level within the next 12 months. Speaking at the 2023 Australia Crypto Convention on November 10, Saylor shared his insights on the future trajectory of Bitcoin.

The conclusion is always the same:

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Taking a long-term perspective, Saylor made ambitious predictions for Bitcoin’s future, suggesting that it could outperform any other high-quality asset. He envisioned Bitcoin reaching astronomical values, stating that it could progress to a million dollars, $2 million, $5 million, or even $10 million per coin over the next couple of decades.

OF course, getting to these values, would imply the debasement of the corresponding FIAT base currency, in my humble opinion.

The fiat currency system is already debasing, so I doubt that we need to presume extraordinary debasement for bitcoin prices to go up 10x in a cycle.. maybe not in a year but in a cycle.. which surely is closer to the 2 years from now range rather than the 1 year from now range. Of course, we are going to have to try to keep both ideas in our head at the same time regarding how much is bitcoin going up in real terms versus the debasement of the underlying measurement.

I personally attempt to predict in terms of today's dollars, but that's kind of unrealistic too because if we go to measure in 1 year or 2 year's time, we are going to be using nominal terms that would reflect the relative values at the particular time of measuring, and many times we do not go back and really try to battle out the real term values.. even though we likely can presume that bitcoin's appreciation has outpaced the debasement of the dollar.. especially if we zoom out 5-10 years. and maybe no need to go beyond that even though bitcoin is coming on 15 years of age, but really even arguments of its value 12 or 13 (in 2010 and 2011) years ago might not really be very fair measurements.. but when we get into 2012.. and maybe even more so 2013, there were more and more ways to establish fair market value.. and surely we have financial instruments (and ways to liquidate) still growing and being developed and implemented in the space... even though we have manipulation too. .and some of the gambling practices of entities (3rd parties) not having the coins that they claim to have, and so if they get caught, then that may well be a good thing.. but still is it likely not a problem that is going to go away anytime soon.