Quote from: bSpend on May 28, 2024, 10:46:07 PM

Quote from: Geremia on April 13, 2024, 04:07:38 AM

Listen what this Austrian Economics / Mises Institute author of a book titled Better Money: Gold, Fiat, Or Bitcoin? says here:

https://youtu.be/g7vI957pg7U&t=2597

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.

🤦‍♂️

And to be honest with you, I also don't see any reason why this comment should be getting a thumbs down from you, it's important for us to understand that the crypto market is a free one, predicting the future price of bitcoin is completely free and each and every one are at liberty of stating their minds/what they think the future price of bitcoin would be.
While I realistically believe that the price of bitcoin will be incredibly more expensive in the future, I believe that there is nothing wrong if I come to say that the price of bitcoin will fall back to $1000 in five years to come, it's my opinion and I expect ya all to respect it, if in the future, it turned out that the price of bitcoin continued to grow, far from what I predicted, it's my shame and me alone will bear it.

So, let's learn to respect people's opinion when it comes to predicting the price of any cryptocurrency, their opinion doesn't drive the market and thats what we should be thankful of.

Everyone has their own perspective on things, and it cannot be intimidated by anything because someone has the right to have an opinion however they want and however they want, including people who talk about bitcoin, some of us are optimistic and some of us are pessimistic and some of us are skeptical about bitcoin price movements, and they can speculate about bitcoin.
For me personally it will be very possible for bitcoin to experience a higher price increase than the current price, in view of the low adoption of bitcoin and only a small number of people who enter buying bitcoin, it is likely that when many people enter bitcoin it will allow bitcoin to be much better in price.

I also don't have confidence that bitcoin will fall deeper like the numbers you mentioned, but I don't throw it in my mind, because we don't know what the future of bitcoin will be like.