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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.
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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.
I disagree with you that it is easy to move from $1 to $100 but its a different story for $1m to $100m. If it took bitcoin just 3 years to increase from less than a dollar to hit $1+, and approximately 2years to also hit $100+ doesn't make bitcoin so easy as you thought or any other business to be easy. And Meanwhile There are lots of business out there you can't just move from $1 to $100 so easily if luck is not on your side. I believe that if $1 can easily give you $100, $1m can also give you $100m easily. Because if for example $1 can increase by 2x to give you $4, $1m by 2x will give you $4m. just like someone who is gambling $1 for a100odd multiplier and a person who stake $1m for a 100odd multiplier will give you thesame thing but different figures of $100 and $100m respectively. so there is no difference.
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.
focusing on past records of bitcoin is important because it makes people to understand the importance in bitcoin investment. Most people need conviction to believe in bitcoin and invest in it. The past ratio of bitcoin tremendous move has made many people invest in bitcoin because people always look for proof before entering or venturing into a business. If neglect the past ratio of bitcoin i guess many of us wouldn't have believed so much on bitcoin as we do today.