Post
Topic
Board Speculation
Merits 4 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Biodom
on 26/06/2024, 23:12:26 UTC
⭐ Merited by El duderino_ (4)
That BTC is going to go up is a given. That it should endlessly follow a pattern, I just don't believe.
Everyone that tries to make a predictive pattern gets proven wrong eventually it seems to me.

I'd love to see BTC at $10 million in 10 years.
But let's be honest: is $1 million (16x) or $10 million 166x) more realistic?

Something else to consider is that "early" $10 million BTC might really mean the USD has crashed/there has been crazy inflation. Which would not necessarily be a good outcome.

For either number to be possible, bitcoin would need something that is not there yet: support from a large (if not a majority) swatth of population in bigger countries or blocks and governments that are at least acquiescing.

Sometimes, I think that bitcoin would be a "recovery" currency after a valley of some sort, but other times, when I feel more optimistic, believe that we can push through in one smoother rise.