no, that's not crazy at all ... helicopter money is here now; the inflation will hit mainstream now ... in 2040 a car will cost a billion dollars
so ... no, it's not crazy at all to assume it will hit 1 trillion in about 15-20 years ...
because that's not how fast bitcoin is gaining value; but that's how fast fiat is losing its value ... that's the whole point
it might be that we now see a severe drop to compensate for the fomo bull run from last year, but even then ... it will keep on moving along that long term trend line, even if it's at the lower end of it ...
somewhere in between 2023 and 2029 it will cross the 1 million line and I wouldn't be surprised if it were to be sooner rather than later ...
place your bets, my friends !!!
so ... no, it's not crazy at all to assume it will hit 1 trillion in about 15-20 years ...
because that's not how fast bitcoin is gaining value; but that's how fast fiat is losing its value ... that's the whole point
it might be that we now see a severe drop to compensate for the fomo bull run from last year, but even then ... it will keep on moving along that long term trend line, even if it's at the lower end of it ...
somewhere in between 2023 and 2029 it will cross the 1 million line and I wouldn't be surprised if it were to be sooner rather than later ...
place your bets, my friends !!!
Comment:
let me make my point; bitcoin exists to replace the usd dollar as the world's reserve currency ... part of that evolution is fiat crumbling; by the time bitcoin reaches $1 million, it will not be worth the same as what you could buy for $1 million today; that's a very, very important part of this equation here ...
Comment:
from november 2019; BTC ~ it might go as low as $4.800
there's a play-button on the chart, when you click that it will update the chart, so you can see how accurate it turns out to be; try it
it's easy to do;
put on log scale ... obviously !?!
then select the fib channel; it requires 3 reference points;
pick highest 2 peaks and lowest low ... that's it
so easy, yet so valuable; you now know exactly within which margins bitcoin will continue its upward trend in the long run
there's a play-button on the chart, when you click that it will update the chart, so you can see how accurate it turns out to be; try it
it's easy to do;
put on log scale ... obviously !?!
then select the fib channel; it requires 3 reference points;
pick highest 2 peaks and lowest low ... that's it
so easy, yet so valuable; you now know exactly within which margins bitcoin will continue its upward trend in the long run
but I actually think we'll see quite a steady uptrend for the next several months, even if we get a drop for the first couple of months
after that ... straight to the moon, yes, really ... just much, much slower than you want ;-)