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55776312 No.55776312 [Reply] [Original]

Will Bitcoin hit $1M in 20 years? Why or why not?

>> No.55776314

>>55776312
It will because it's the hardest money that exsists.

>> No.55776365
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55776365

No, in 20 years we'll be shooting each other over squirrel meat

>> No.55776388

>>55776312
Let's do some math.

BTC in circulation = 19 million
$1M each = MCap of 19 Trillion

https://8marketcap.com/
Even gold is just at 13T.

So no, you're a fucking retard if you think BTC can surpass Apple + Gold.

Hitting in the range of 100k - 200k seems possible though.

>> No.55776411

>>55776388
>Hitting in the range of 100k - 200k seems possible though.
when do you think this could happen?
Are you hedging on alts instead or just not touching crypto altogether?

>> No.55776422

>>55776312
In 20 years $1m will be worth like $100k in 2020 dollars

>> No.55776482

>>55776388
A lot can happen in 20 years. Normalcy bias keeps you poor. Stock ownership could be impaired for the average person for whatever reason like tyranny. Gold has drawbacks that may be more pronounced in whatever environment we have in 20 years. In other words, world trajectory changing events could easily happen in 20 years

>> No.55776616
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55776616

>>55776388
>imagine comparing bitties with apple and shiny rocks

bitcoin is at least 100x better than apple and gold combined son

>> No.55776670

20 years is 5 cycles
bitcoin doesn't even need to double from one cycle top to the next in order to get to 1 million by the 5th.

>> No.55777710

>>55776670
what do you think btc does over the next cycle? I have three bitcoins (90% of my net worth)

>> No.55777807

>>55776411
Hedging on alts. I think 100k is possible, even likely whenever the next bullrun is, but not guaranteed as much as I'd like it to be because my average open on BTC is 20k.

>>55776482
True, econfags make sure GDP always goes up so it's likely we'll see new heights and 19T won't even be the biggest. I'm just saying it doesn't seem likely in 20 years unless we see a economic boom or something that pushes mass BTC adopt as a store of value. It'd be tough going up against gold though since that shit's been around forever as a store of value. It's an institutional thing at this point and it's amazing that BTC has come this far to even think about rivalling it.

>>55776616
It might be but we have to think about what the normies think you absolute faggot. Do not comment on this thread again fucking retard.

>>55776670
It's worth noting that the impact of each halving is halved precisely because the drop in the supply is lesser each time, meaning less of a supply shock.

>> No.55777865

>>55777807
>Hedging on alts. I think 100k is possible, even likely whenever the next bullrun is, but not guaranteed as much as I'd like it to be because my average open on BTC is 20k.
So you're not investing in Bitcoin? Is it a good idea to already buy alts or wait til we get closer to a bull run? I'm guessing it's late 2024

>> No.55777942

>>55777807
the absolute drop has actually only increased every single time

>> No.55778065

>>55777710
a conclusive break of six figures at the minimum. last run top to top was ~3.5x, half that is ~120k, probably a number a lot of people will be looking at.

>> No.55778075

>>55778065
I think everyone's looking at $100k

>> No.55778188

>>55776312
Yes, but only after hyperinflation. A loaf of bread will be $10,000

>> No.55778416
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55778416

>>55776312
it's more likely that AI will eventually develop to a point where it replaces art, labor, and even people than that lmao

>> No.55778860
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55778860

>>55776312
No
That's fucking impossible dude, not even gold is valued that high
If you want to make money fast, go for small projects like $CHIKUN and cock the market

>> No.55779983
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55779983

BTC only went to $69,420 thanks to muskrat manipulation sweetie pie

that was literally the all time top. we will peak 45-65k then BTC will crab between 20-30 for the next 10 year. ss this.

>> No.55780041

BTC will top at 80-90k then never reach those levels again.
It will be forgotten about in 20 years time.
It isn't "digital gold" or any of that cope nonsense.