I stumble on this, and i ponder to understand how Bitcoin currently at $93,357.00 could appreciate to about $833,000.00 in the next ten years
"On average, our panelists think bitcoin ( BTC) will be worth $135,048 by the end of 2025, down from the $161,105 predicted in our January 2025 report. Looking further ahead, they see the price of BTC rising to $452,714 by year-end 2030 and $833,000 by the close of 2035."
https://news.bitcoin.com/bitcoin-aiming-for-833k-finder-experts-see-prime-time-to-buyIs this realistic?
Is this a prime time to buy?
What's your thought on this?
Bitcoin is not like those shitcoins that you have to look out for the best price to buy, as long as you want to hold some Bitcoin for a long time, you can buy at any price or you can also use either buy with the averaging strategy. The demand for Bitcoin is high and anyone is right to think that price could get to $800k in the next 10 years but only future knows what it holds, it is possible that Bitcoin can even surpass the performance that people are thinking.
Based on what I think, this price is still good point to buy depending on whether you can hold till the 2030 or farther, you don't need to panic when price is going doing, just keep holding. It's possible that after you buy now, the price could plunge but even if it happens like that, you don't need to panic.