Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
⭐ Merited by JayJuanGee (1)
Yeah.. on average..
But we already know that it is not true that bitcoin goes up 30% every year, and even the 200-WMA has had some historical years of ONLY going up 20% - yet at the same time, the average has been quite a bit greater than 30% to 40% per year, especially if taking several years at a time an then averaging them out (an average of an average)
At least his prediction today is more realistic than the ones I remember from the beginning, when he was talking about a 200% annual return. The current one makes more sense because it is based on the fact that, as the market cap and price have increased significantly, the average annual return will tend to decrease, and within that 30% there may be years, especially in the near future, when there is a 50 or 60% annual return, some years in negative territory, but volatility will tend to moderate over time, both positive and negative, tending towards that 30% average.But we already know that it is not true that bitcoin goes up 30% every year, and even the 200-WMA has had some historical years of ONLY going up 20% - yet at the same time, the average has been quite a bit greater than 30% to 40% per year, especially if taking several years at a time an then averaging them out (an average of an average)
Although, as the history of bitcoin has shown us many times with predictions that have been made, he could be wrong, but at least his reasoning is quite logical.
Source: Michael Saylor
The 30% CAGR projection over 20 years by Michael Saylor is a headline-grabbing ambitious one, yet by his own number, it is already tamer than what had already happened to Bitcoin in history. BTC has already provided an 84% CAGR in the last 10 years, as well as 62% over five years, so achieving an average of 30% would not be surprising.. lol
Saylor is even considering a value of $13 million in 2045, which is 29% annual growth that would see a market cap of $280 trillion. It seems a scary sci-fi valuation to nocoiner, but they dont want to imagine inflation, tokenization and shrinking supply truly justifying these prices. whatever, i never tell anyone bet your house on headlines. cause real hodlers always stack sats & let the cycles do their thing.