I didn't say that it will definitely be crashing back down to a $50,000 - $70,000 price-point, but if it does crash to that, it will be temporary and Bitcoin will start increasing in market valuation again. Because why? Money-Printing.
It's the same concept that Milton Friedman said about inflation. There was never an inflationary event without an increase of the money supply and an increase on government spending. And there was never a money printing event that didn't cause an inflation in the prices of goods and services.
It's the same concept that Milton Friedman said about inflation. There was never an inflationary event without an increase of the money supply and an increase on government spending. And there was never a money printing event that didn't cause an inflation in the prices of goods and services.
even though we can't completely rule out the possibility of such thing ever happening that bitcoin might possibly DIP again, thinking of bitcoin getting further down to $50k at this point when it looks as though the market might continue going up above this $100k might look like a statement that should be coming from an anti-bitcoinner and not from someone that is being bullish. and this is never to say that we shouldn't be realistic but should rather make speculation based on emotions.
Get the real context of the post, it wasn't about predicting about what price-point Bitcoin might end up. It was about Bitcoin's consistent growth in price from a zoomed out perspective because why? Because the Federal Reserve and the Central Banks around the world keep expanding the money supply.
Plus merely posting bearish price predictions doesn't make a person an "anti-Bitcoiner". Haha.