Quote from: davis196 on Today at 11:27:47 AM

Aren't you contradicting yourself? How come Bitcoin is overvalued and the BTC acceptance rate is low at the same time? Having an extremely low acceptance rate would mean that Bitcoin is seriously undervalued, not overvalued.
I totally agree that BTC price is volatile and the price would drop severely, if a major economic crisis strikes the markets. The question is, will such big economic crisis occur anytime soon? I don't think that there's a big possibility for a global economic recession/depression to occur in the next 2 or 3 years. Maybe the global GDP growth will slow down due to Trump's tariffs, but this isn't such a big deal.
It think that the current absolute price bottom for BTC is somewhere around 70K USD. Expecting the price to drop down to 10K seems pretty unrealistic.

He is just making up stuff that comes to him as ideas, and poses it off as stats or fact.

The reality is that we are already at a good enough acceptance, but accepting is not the number one reason, investing is, and people see bitcoin as a great investment all around the world these days, it has become something legit, like gold, or stocks, it used to be a lot lower, but nowadays even the richest people in the world and the poorest all do it.

So it's true that we will be a million dollars, but it is not overvalued, it's valued precisely where it should be.

There isn't an intrinsic value to bitcoin, whatever the price of bitcoin is, that is what it should be. We are only tasked with trying to see what it should be in the future.