Post
Topic
Board Bitcoin Discussion
Re: $100,000 and $1,000,000 Bitcoin
by
cr1776
on 06/04/2024, 01:06:44 UTC
With the ATH that we have today, $100k is realistic though it may not be happening immediately. As for $1M, it going to take a long while, and I am not sure if right now I can speculate how long it’ll take.


I Bought my First Bitcoin at $30, I then Sold at $1,000.
I tell people that it is almost impossible to hold Bitcoin from the onset and have access to it but intentionally decide not to sell. Who wouldn’t want to sell something they bought for $30 when the new value is about 30x gain.

I am glad you said "almost".  Compounding can really pay off when you have patience.  Think about this:  I read that Warren Buffett had about $1.5 billion in his mid-50s.  Respectable for sure, but if he had died at 60, few people would've known his name.  With 120 billion now, he's made most of his money from 60-93.  It is similar with bitcoin.  Sure, going from $30 to $1000 is great, but going from $0.10 to $70000 is even better.  With the US ETFs, halving, Hong Kong ETFs, layer 2s, insane spending ($1 trillion in new debt every 100 days for the US) etc, the future looks bright for usage and eventually fiat price reflects that.