/biz/ - Business & Finance

>>20614406

>>19506177

it's not. Bitcoin has 5/6th the stock-to-flow ratio of gold RIGHT NOW. that's right, Bitcoin currently has 5/6th the scarcity of gold. In another four years, it will be TWICE as scarce.

Gold's marketcap is around 9 trillion right now. 3-5 trillion for Bitcoin is absolutely doable this cycle, especially when you consider that Bitcoin is much more useful than gold due to its incredibly high portability and has an intrinsically better design for storing value -- difficulty adjustments, halvings, an actual hard cap, etc.

the fundamentals are there, it's just a matter of demand catching up. always invest thinking of the medium-to-long term. don't bamboozle yourself by thinking "oh man it could never go up that much, at least that's how it seems right now!" its current 100 billion marketcap is insane, and seemed like it to people in 2016 -- yeah, the year Trump was elected, just a few years ago -- yet the fact barely elicits a shrug today. But Bitcoin IS crazy, as crazy as the internet and the printing press before it.

>>18942654

>he doesn't know

rip

>>18920380

I mean, in 10-20 years that could be worth 5k

So not really. Just keep it on an exchange or an app wallet. Try to accumulate as much capital as you can in the next couple months and put it in Bitcoin. (Eventually you can just make a paper wallet if you want to be secure.) If you miss this run, you'll have one more decent shot at it in the 2024-25 run-up. Bitcoin will likely bottom out this cycle in early 2023. The ideal time to buy will be shortly before the next halving is one year away, so probably around April-May 2023.

Keep your eyes peeled and follow the halving charts.

Who in the fuck is going to buy Bitcoin at $100k?

Unless institutional investors come in droves we're not hitting that trajectory