/biz/ - Business & Finance

160-360K this cycle, 1.2M next cycle and by then the idea of crypto market cycles will go extinct and it'll become much less volatile.

>>26282640
This

>>26282640
I want an estimate on the maximum price it could reach

>>26282717
Berkshire Heathaway stocks were trading at $400k per stock once.

>>26282575
Nobody knows. Inflation is on the rise and the fed is injecting trillions.

>>26282575
6 gorrilion

>>26282781
What does this mean?

>>26282575
This is the wrong question to ask. Firstly because it depends on how much money they print. If 1 btc = 1 million, but the most basic cuck pod costs you 3 million then how would you feel about it now? The question is: how worthless will fiat become?

>>26284230
Bitcoin has limit supply, the appreciation doesn't mean fiat lost all value

>>26282640
>we still early

>>26284754
Not early anymore?

>>26284497
No of course I over simplified. Btc is deflationary in nature due to fixed cap and coins being lost, fiat as well all know is inflationary because printer go brrr + more people want to buy in general = price go up. The only time btc might tank is when cash becomes worthwhile to hold again and rates go up.

>>26284899
Based Hal

>>26284754
You are the kinda of faggot that would sell his Facebook stake when The Social Network released.

>>26284899
When I have a job I will put money every month on bitcoins. Maybe on 2050 it will help me to retire very early.

>>26284754
1 satoshi = about 2 cents
It isn't anywhere near end game until we start pricing in satoshi. You really think we stop at 2 cents?

>>26285032
We are in 2021 and beyond the estimative

>>26285631
unironically this is the best path if you don't have a bunch of capital lying around but are a middle class investor with some extra cash

>>26285165
"the normies are using amazon.. I'm selling"

>>26286340
Kek. And they recommend shitcoins all the time, it's funny.

>>26283018
>inflation is on the rise
People have been saying this since the FED did QE following the 2008 financial crisis and inflation has still stayed around ~1-2%.

>>26282575
$1T would give a market cap of $21 quintillion, which is more than 200,000 times larger than annual world GDP.
$1MM gives a market cap of $21T, which is high, but not infeasible.
If the market cap of bitcoin matched the market cap of surface gold it should be worth about $600,000. If including all gold (surface plus underground) it should be worth about $750,000.
If bitcoin's market cap is the size of the market for negative yielding bonds, it should be worth $850,000.
If it was worth all surface gold plus all negative yielding bonds, then $1.5MM. If including underground reserves, $1.64MM
Etc etc
>>26282781
Doesn't even matter what the price is. What matters is market cap. Case in point, two classes of BRK stock each with different prices.

>>26282717
This depends entirely on inflation rates and the future value of the dollar, which depends entirely on future policy no one in the world can predict. The main point though is that it eventually won’t be necessary to measure BTC in USD

>>26286682
I think it will be more slowly every time to achieve a ATH. Like 20k to 30k is fast, even 30k to 100k. But 100k to 500k would be slow.

>>26282717
Maximum? Preston Pysh gave it 50% odds that we hit escape velocity.

>>26287216
Oh shit. We are going to Mars then?

>>26282575
Depends on how low the dollar goes.

>>26285032
based Willy Woo

>>26282575

What does a dollar even mean to you, anon?

No idea if this is right, but the highest it could go is if it became the only currency in the world.

Broad money (all money in the world) is $80 trillion. There's currently 18.6 million bitcoins. Obviously that will go up overtime, but let's assume Bitcoin became the only currency overnight. Also there's about 3-4 million lost bitcoins that will never be recovered. So...

80000000000000 / (18604200 - 4000000) = 5477876

So about 5 million?

>>26289896
A dollar means R$5,29

>>26289939
We are not that early. Have you ever think about the possibility of the bitcoin being the antichrist currency?

>>26289977
Czeched

>>26289939
What about the derivatives market though? The actual money supply is nowhere close to the value of all the resources and markets on the planet. Thats why M0, M1, M2 exist.

>>26290038
>Czeched
What does this mean?

>>26289977
Antichrist in the way that it gives people freedom from an oppressive government that inflates away all of your life savings and steals from you in the name of social justice? If anything, the dollar is the currency of the antichrist.

>>26286340
>implying anyone is using Bitcoin for anything other than selling it for an higher price

>>26290282
>implying people aren't hodling BTC to hedge against inflation and government tyranny.

>>26290105
>Antichrist in the way that it gives people freedom from an oppressive government that inflates away all of your life savings and steals from you in the name of social justice?
No, I mean in the biblical meaning, where no one can sell or buy without the mark of the beast

>>26286620
That's the official inflation rate based off an index which they're always changing to suit their narrative. If you look at the price of commodities, housing, stocks, energy etc it is obvious that the real rate is higher.

>>26290054
True actually. However Bitcoin is not going to cause us to stop valuing physical assets. A house is never going to be worthless just because Bitcoin is big. It could make a house worth less by replacing it's value as a speculative asset. Although even if Bitcoin was god, people would still speculate on other assets.

>>26290414
But if we start valuing physical assets in terms of BTC, and allow it to be spent on such things, the price would inevitably be much higher than 1MM, right? When it takes over the role of reserve currency it will not have to replace other assets in order to continue growing.

>>26284899
check, 10million per btc and this isn't factoring a global currency debasement...so maybe top 100-200million?

>>26290660
10 million supposing everyone is using bitcoin, lol

>>26290356
I think there are plenty of other examples of what could potentially be the mark of the beast besides BTC. It could be credit and debit cards for all we know. I do believe that the end times are coming closer, as schizo as that sounds, but with the increase in global strife and nuclear proliferation it seems very possible that the world will be destroyed in a blaze of fire. However, my sentiment is that BTC allows for good, faithful men and women to escape the mark of the government via CBDCs and W2s.

>>26290742
>I think there are plenty of other examples of what could potentially be the mark of the beast besides BTC.
Bitcoin is a coin, I not saying is the mark of the beast, the mark will be like a tattoo or a microchap in the right hand or forehead. But it will need a massive surveillance globaly, and one single currency that could be track down.

>>26290820
>microchip

>>26290615
Reserve currencies such as US Dollars are already included under broad money.

>>26290820
>microchap
kek, pic related

>>26290937
Who is this? I already fixed my post before you >>26290850

>>26290820
Only time will tell fren. If I ever start seeing ads and government pushing for such things then it will be pretty obvious what is really going on to the faithful. All we can do is continue to pray and live a good life and not dwell on the evil that prowls the world seeking the ruin of souls.

>>26282575
>imagine still thinking in dollars

>>26291100
>Only time will tell fren.

>>26286620
The CPI is fucking retarded. Seek out alternate calculations of inflation, or just look at actual important goods.

>>26282717
Literally infinity - crypto is the bubble to end all bubbles and it's going to absorb all of the other bubbles before it pops

>>26282575
There is no maximum value in a asset with no cap on supply (i.e. the dollar)

>>26290992
That's a microchap

>>26282640
when will this cycle end?

>>26291414
summer

>>26283586
It means historically securities are very unlikely to cost more than 400k. Of course with a currency this is a stretch, as "one billion dollars" per bitcoin is meaningless given the large number of bitcoins and the fact that they can be turned into tiny, tiny pieces. With money you have to worry about that sort of thing, best you can do is the cent or the 100 dollar bill (or a trillion dollar bill if you know a jew).

>>26291854
that's good because i will get more USD to invest around July. does that mean the price will be low?