Such people clearly misunderstand the concept of investment and don't fully grasp Bitcoin's potential. Their only concern is how to make a significant profit in a short time. I believe most investors who wait for Bitcoin's price to drop and then buy have this mindset. However, this is an incorrect mindset, as investing in Bitcoin, when we talk about potential, is certainly different from other investment assets like stocks or other assets. Bitcoin has the potential to continue to rise in price, as its limited supply of coins will cause its price to soar. Furthermore, Bitcoin's security has been proven to be excellent, making it arguably the king of digital assets today. The factors that will drive Bitcoin's price to rise are due to the changing times. Bitcoin is a digital asset, and it aligns with the modern era. Most importantly, Bitcoin is an excellent store of value. Therefore, many people will be interested in and invest in Bitcoin. Therefore, its price will likely continue to rise.
Bitcoin's price has been increasing since its inception. I can learn from past history that Bitcoin is an asset that does not need to wait for its price to decrease. As the population in the world is increasing, the price of land is increasing. Because people need land to settle. And that is why the price of land will never decrease. Although it is sometimes seen that the price of Bitcoin has decreased, but if you compare it from 2009 to the present time, has the price of Bitcoin actually decreased? Everyone will say no, 2009-10-11-12 Bitcoin was very low at that time, but gradually Bitcoin has become very valuable now. If the price of Bitcoin continues to increase in this way, then reaching one million in 2050 is not a matter. People are becoming aware and are investing in Bitcoin. So say buy buy, not sell sell.
Unfortunately, you can't predict the future. 2050? I think it could be much closer. Maybe we'll get one million bitcoins by 2030.
What he said is a general principle, and it's important to remember that the reason Bitcoin's price will continue to rise isn't due to developments or changes in the times. Rather, it's specifically due to supply and demand. Bitcoin's price increases because of high market demand, so don't associate it with something broad without understanding it.
Have you bought it? You should have done so during previous downturns.
Bitcoin can be worth 1 million or more, in that case, personally, if I can't keep Bitcoin in my wallet, then there is no benefit for my self.
There are many who are very worried about the price of Bitcoin, if they do not waste time on the price and just keep saving it, then as the price of Bitcoin increases, their wealth will eventually increase. Since the demand for Bitcoin is increasing rapidly, it will not be very difficult to reach 1 million. If we can go through a few cycles of Bitcoin, we will be able to do it very easily. I highly expect its price to reach 1 million after completing two more cycles.
When the market goes down, it is a good time to buy. But some investors panic at that time and sell their Bitcoin despite loss. For those who want to invest in Bitcoin with this kind of mentality, the possibility of loss is high. In terms of bitcoin investment, an individual should use their discretionary income to hold and accumulate more bitcoin.