Post
Topic
Board Speculation
Re: Road to 100k?
by
JayJuanGee
on 13/10/2024, 17:30:44 UTC
And JJG is of course correct when he says that this could as well take 50 or 100 years because it would indeed be positively ridiculous if bitcoin's market cap would overtake that of gold within 20 years of its existence, considering that gold has thousands of years of history to look back on.

When I mentioned 50-200 years, I was referring to bitcoin reaching 1,000x gold's market cap.

Bitcoin could reach parity with gold's market cap this cycle or next cycle.. that is a much easier target, and surely even bitcoin reaching parity with gold's market cap (which might be in the ballpark of $600k to $700k per BTC) is not even guaranteed to happen, but surely it is not impossible to do or even unrealistic in this cycle.. perhaps even greater than 10% odds for this cycle, just like there perhaps could be odds approaching 0.5% for BTC to reach $2 million this cycle..