Quote from: Smack That Ace on Today at 02:36:58 AM

Quote from: EarnOnVictor on July 15, 2025, 10:26:34 AM

Quote from: Smack That Ace on July 15, 2025, 08:48:13 AM

Many even believe that in the next 10-15 years, bitcoin will surpass the market capitalization of gold. They even believe it could increase x10-x100 in the future. Are you underestimating bitcoin's potential by not believing it will hit $500k in the next 10 years? Grin

.

I like to be realistic than being emotional, many will continue to say the possible and the impossible, and they often like to react based on what Bitcoin is doing. Well, it is practical, almost 10 trillion dollars would be needed to get to $500k. Is that a joke?

I will continue to support Bitcoin the way I can and buy more when it dips significantly again. But I will not be a blind investor at the same time, especially those who mislead people.

Admittedly, bitcoin reaching over $2 trillion in 16 years is an admirable record as no other asset has done that. But that doesn't mean it will easily reach $5 trillion or $10 trillion, let alone be able to compare or surpass gold.

That's exactly my point, it is easier said than done. Bitcoin has the bight future, no doubt, but the way people are taking it is too exaggerated. As it climbs higher, so will be some kind of higher needed liquidity, and the law of "diminishing returns" will occur, which will further discourage investors. Because at higher prices, they would consider what they could possibly gain by investing in it (little), so efforts to invest more will be discouraged as the price goes higher.

I now see the importance of why fillippone brought out Giovanni Santostasi's Power Law Theory (https://bitcointalk.org/index.php?topic=5491011.msg63880224#msg63880224). It all makes sense to me, as it buttresses what I naturally thought about.