/biz/ - Business & Finance

>>50709919
>what's your price prediction on BSV 3 years out.
I don't do price predictions. Vast majority who try get it wrong and it'd be naive to think I am the one guy who can get it right.
But I can give you my general way of thinking:
- we had shitshow since 2016
- lawsuits were coming, but covid happened
- covid is over, lawsuits are finally rolling in. some are mixed signals, like McCormack, but generally CSW has won
- many of his predictions came true (scale, turing completeness) and together with the lawsuit wins he is gaining massive industry acceptance (IPv6, IEEE)
- more lawsuits coming
- market generally near a very viable bottom area (200WSMA) and miner capitulation in process. could we drop to 14k BTC? sure, but no one knows. and if BSV is successful BTC *will* drop, and much lower than 14k, pretty much to $0 longterm
- apps are running on BSV (social media, blockchain games that prove scale...)
- bridge from ETH Solidity to BSV exists (sCrypt transpiler)

Which really shows a change in trend and that's what is important. So in the long-term I unironically think BSV might replace 99% of the entire crypto market, most of it is useless scam anyway, but also ETH and BTC. I think the flippening is possible within 5 years. However this doesn't necessarily mean BSV goes to 69k and beyond replacing BTC, as such a huge market upheaval event could also scare many people off, given they don't have this deep knowledge we have - many many will think "oh so it was a scam after all".

So my price prediction is in 3 years from now BSV will be higher than now. Possibly quite a lot higher. I think a halvening occurs within 3 years, right? That'd be a catalyst for a push, too, also it'd put massive new pressure on BTC, given the subsidy is the only thing keeping BTC miners profitable. BTC's price would have to rise to compensate and we already saw it struggle as it went from 20k prev peak to only 69k with like 35% inflation.

So thanks for coming to my Ted Talk anyway.