Post
Topic
Board Speculation
Re: Road to 100k?
by
pawel7777
on 12/10/2024, 14:24:55 UTC
(...)
It would be a long shot for bitcoin to shoot straight up to $2 million, yet it also is not beyond the realm of possibilties.

Shooting up to $2 million woudl be right around a 32x from here.
(...)

This is a good example of how some metrics are not fit for all purposes. The multipliers, or percentage figures of changes in price in the past are not in any way an indicator of what could happen in the future.
In simple terms:
Increasing your net worth from $1 to $100 is not hard, even a homeless junkie could do that without much effort. But going from $1 billion to $100 billion, or even just to $2 billion, is a whole different story.

In setting up hopes for  BTC's price, we need to consider how much new money would have to flow to the market rather than focusing on past ratios.