It is too late to make 100X, I do believe this, but it is never ever too late to reduce your risk of inflation with normal currency, and increase your chances of making so much more value by saving in BTC.
Well it seems that BTC is around 1,000x or greater value than gold, yet bitcoin's market cap is ONLY around 1/9th the size of gold. Gold could come down too.
another thing is that the total addressable market of bitcoin is around 1 Quadrillion, yet bitcoin only has a market cap of around $2 trillion... so there is a possible 500x, even without considering that total addressable market could go to higher numbers.
Sure, it could take 50 to 200 years for bitcoin to reach a kind of "full potential" and to become mature, yet there are still possibilities of shorter term upward moves... but yeah, 100x would be quite a bit, so we may well not be able to count on 100x in the short term.. not that we could have had (or should have had) counted on 100x... .. yet from here 100x is merely $10 million per coin, and I recall that Hal Finney had argued in 2009 or 2010 that bitcoin's addressable market could bring it to $10 milllion per coin... so 100x seems to have potential.
Don't get me wrong. I had never gotten into bitcoin with high expectations of guaranteed returns, yet my beginning years in bitcoin, I had hoped that my bitcoin investment would average around 6% per year price appreciation, and largely my investment into bitcoin had ended up providing somewhere in the ballpark of 65% per year price appreciation, and that is way better than I had expected.
I have my own charts that project out bitcoin's 200-WMA, which I consider to be a much better way of measuring bitcoin's valuation in order to not get caught up on the volatility of spot price, since the 200-WMA measures the bottom price, and my current projections of the 200-WMA shows the 200-WMA crossing over $10 million in around 2067, which is ONLY around 42 years from now. .and yeah I consider my 200-WMA projection to be fairly conservative. I do have an earlier and more conservative version showing the 200-WMA crossing over $10 million in 2073... but yeah, that is nearly 50 years from now.. but still considered a bottom price which would suggest that the spot price is likely tending to be higher than that.
Very very very good points, and I actually am in line with you there 100%. Gold I forgot to bring into the equation still can make new ATHs and there we see true life example of something with increasing demand yet scarcity issues.
The only thing with this as you say, is 50 to 200 years. I am only thinking in terms of max 40 years. According to my country, my life expectancy is 40 years more. So in this timeframe I don't expect 100x (that means $10 million BTC). Or rather, for me to enjoy 100x with good health I need this to happen in 20 years.
Which is not happening, in my honest opinion
