Post
Topic
Board Bitcoin Discussion
Re: $100,000 and $1,000,000 Bitcoin
by
Mauser
on 06/04/2024, 06:42:15 UTC
So once all this Other Stuff Happens, what Happens Next is Cold Storage. For example, You could have a Cold Storage Wallet (Basically a Password), that is engraved on the Inside of a Ring on Your Finger, or Hidden Printed on some Other Piece of Metal. It could be a Sword Imbued with Bitcoin. But this kind of Thing is what is going to Raise the Price of Bitcoin once we get Past the Mining Education.

And now, there is a Big Mining Infrastructure, and it's not going away. So that will Grow, and Everyone will Start getting more and more invested, as a Species that is. And Eventually the Price will Reach $100,000 and $1,000,000, it just might Take 100 Years. But $100,000 Probably isn't 100 Years away.

Happy to hear that you have been invested in Bitcoin at such a early stage. Making such kind of returns like you did are life changing and you should be proud of yourself. It's good to try and learn from the past and take this as a basis for the future development of bitcoins, but it's not a guarantee that the price is going to move in a similar pattern. Especially the sudden price rise in 2024 shows how quickly the conception of Bitcoins are going to change. I always expected that once a new ATH is reached there will be a big sell off from people that take profits. The sell off this year was quite small and the Bitcoin price did well to stay above 60,000 USD. That is why I think that the 100,000 USD level is going to be broken fairly quickly. As for the 1 million level it's going to take much longer, 100 years might be a bit much, but 20 years seems more realistic for me.