I'm trying to digest this one point. This is a fairly basic point, but actually it is the most important point and also a point that many beginners who have just entered this field do not understand. I wish I could have understood this better earlier too. And this is indeed one of the important things that needs to be said more to overcome everyone's doubts and fears about bitcoin. I admit that MS is exemplary in his very optimistic and unwavering attitude when talking about Bitcoin and the speculation he puts forward for the future.
But sometimes he does exaggerate a little when talking about rapid increases and such. But even so, I agree with almost all the points he put forward. Although sometimes he seems too ambitious about the future price of Bitcoin.
I don think if Michael J saylor is in anyways ambitious obout the future price of bitcoin. Rather being optimistic in bitcoin. Checking from his history I have never seen him being such a person. His love for bitcoin is top notch and had no other intention. I think his 10poin conversation with Emily Chang wasn't because of his selfish desier of his multi-million investment in bitcoin to micro strategy but rather things he finds inportant to improve the growth of bitcoin. Even if all what he said weren't right with many people.
However Bitcoin will indeed be bullish in time. But I don't think the increase will be so fast and drastic as MS is talking about. However, fiat continues to experience a decline in value whether consciously or unconsciously. It's not about a decrease in the value of one currency from country A to country B. But a decrease in the value of the price if bartered with objects that we usually buy and sell. Ah, sorry, it's hard for me to find the words to convey this. I didn't find suitable words.
But this is also what seems to be helping Bitcoin's price increase more quickly. In fact, in some countries there are citizens who trust their assets to be converted to BTC rather than their own country's currency. So in some countries BTC even reaches its own Ath based on that country's currency. Because the inflation rate is quite severe. or hyper inflation.
Inflation of a country can never make bitcoin reach it ATH. It can not change anything or makes it reach it ATH or add any much value to bitcoin rather they will be free from hyper inflation if they convert there fiat to BTC.
People like Michael Saylor are very useful to the cryptocurrency world. Yes, perhaps some of his predictions look overly optimistic now, but he may turn out to be right in the distance. Let's wait until 2025 - and then we'll see how right or wrong he turned out to be
Not to get too far off topic, but what do you think about my below numbers that relate to BTC prices until the end of 2025? Am I being unrealistic?
I am thinking that I might even be a bit more conservative (and realistic) than Saylor in regards to my timeline and then also the fact that I have various alternative scenarios and also I have odds assigned to each of the price ranges.. so his 10x from today of $370k in a year is quite a ways out there as compared to the way that I am framing it, and I would give his projection something less than 20% odds, maybe even less than 15% odds.. but it is surely not zero odds.. just seems to be a bit too much too soon.
Here's my off-the-top of my head updated odds for this upcoming cycle. which is working with UP only with a presumption that a new ATH will come prior to the end of 2025.
Let's say that we presume that a new ATH comes on or before the end of 2025, then what would the amount of the ATH be and what would be the odds of reaching (but not exceeding during the time period) that price range, more or less?
Maybe something like this?
Bearish: $69,001 to $80k - 25%
Conservative: $80,001 to $150k - 35%
Middle: $150,001 to $500k - 30%
High: $500,001 to $1 million - 7.75%
Pie in the sky: $1,000,001 to $2.5 million- 2%
SuperCharged Pie in the sky: greater than $2.5 million- less than 0.5%
I don't know how you compunded this, but it's too unrealistic to me, ranging from each percent growth. I might still be a newbie to understand your analysis but I think your absomtion is very high. And unrealistic LoL.