Post
Topic
Board Economics
Re: Better Money: Gold, Fiat, Or Bitcoin?
by
Marvelockg
on 13/04/2024, 06:05:41 UTC

Quote from: author of «Better Money: Gold, Fiat, Or Bitcoin?»
I don't see any reason to think that the price of Bitcoin is going to be predictably higher in the future.
🤦‍♂️
judging from the context he made his analysis from, he isn't wrong with what he said and I guess this is just a one sided quote that hasn't covered the particular statement the dude said rightly. From his analysis, we can't be 💯 sure that Bitcoin will go high in the future except events have played out to suggesting so. Bitcoin can go higher or downward and what's mostly the factor that's been at the centre of making the right prediction has been event that plays out and you can easily ascertain that it will cause Bitcoin to go higher in couples of years to come.

When the sport Bitcoin ETF was finally approved and then it approached the halving, it was easy to predict that Bitcoin will increase and the truth is that it did increase in line with the speculation and I guess what he was just saying in essence is that there are always factors and event that guarantees that Bitcoin will iether increase in value or decrease in the future.