Topic: A victory for Bitcoin - page 3. (Read 509 times)

The problem with these price predictions is everyone eant to look like the expert in this firld especially if they had some job in the cryptospace,  but wants even astounding is that these guys are never speaking the same language...if all these predictions said 1million dollars per bitcoin we would all take them serious but unfortunately their numbers are everywhere.


Dont know about Balaji Srinivasan's prediction but I wonder what impact this would have if the likes of Elon Musk said the same because the man does have the influence to convince people to take a keen interest and the media will equally pick up the story and have a ripple effect  , though his not the type that loves to speculate about crypto related matters unfortunately...

At early stages of bitcoin the doubters are probably people that didn’t believe in its potential but the current predictors and speculators are just too emphasizing on its future. Bitcoin to $1M in 90 days is doesn’t seems a reasonable prediction if we actually look at the previous past price movements. At the current market cap Bitcoin all time high has been $69k and a bigger market cap doesn’t seem to produce much of a higher gain than ones with smaller market caps. With 18+ million out of the total 21 million already mined and with mining getting a little bit harder this days due higher prices of mining tools then it’s logical that this $1m is just a long term prediction and anyone against Balaji’s prediction are not wrong

Bitcoin is not a altcoin to hit 1 million dollars in 90 days, because i strongly have great doubt on that very statement of his, because had it been he mentioned values such as $50k to $100k per BTC, then those are likely to be possible, just like as in case of April - June 2021 when the value of Bitcoin started falling drastically from 63k to 31k per BTC just within the space of 2 months due to global economic crisis caused by Russia versus Ukraine war, of which now we have no concrete world event that could skyrocket Bitcoin that fast in 90 days.

At first when bitcoin's price was low they thought it was impossible to reach $10,000. Then it reached $20,000, they said it is impossible to reach $50k. So when will they start trusting the price to reach $1M? I feel like they are one of those people who keeps disregarding bitcoin not because they want to, but because they have invested but wants to invite more people to invest just to pump the price.

When investing in bitcoin, we have the right to dream and expect, I like people who are always optimistic about investing but don't be too delusional but realistic. I don't see his prediction having any impact, and he's nobody in this market, he's just making an impact for himself. Let's be more realistic, bitcoin is growing very fast, but so far, its acceptance level and the number of people using it are negligible for the world population. We still have a lot of challenges, and it takes time for bitcoin to achieve greater achievements. Instead of thinking about $1 million per bitcoin, think about the $100k goal first.

I've always been amused by the information related to the price prediction of supposed industry influencers first. Thanks to this, they are just like us, having beliefs and mistakes about market judgment as well as btc in particular, and I see stories like that just stopping at a funny story in the market. this, and there's no need to overcomplicate it and treat it like data for you or many others to bother with. In cyberspace there are many people with more interesting stories, sometimes I feel quite happy because they always like to write scripts for the future.

Wake up my friend, I just disregarded the guy when I read the news and verified it on his Twitter page. The guy is dreaming, nothing more. See, Bitcoin has a big name now, it can't behave haphazardly anymore, and his conspiracy theory and that of others that copied him afterwards are not what would sustain our beloved Bitcoin, the truth, fairness and market reality is what would sustain it.

I own a sizable number of Bitcoin after joining BTT, but this will not stop me from facing the reality. As an investor, what Balaji iterated could only happen in his imagination and dreams.

Bitcoin is now a well-accepted global asset, it can't behave crazily to sustain its status. And for the fact that there is more involvement of institutional investors would make it behave more like a market/asset, rather than what Balaji envisaged. It can never happen in that short time.

           

Coinbase's former CTO Balaji Srinivasan's prediction about bitcoin price is not realistic for most people(1 btc=1 million USD). Some consider such activities as a tactic for his personal campaign. Some others consider as a reflection of his long-held views on Bitcoin. However, it is easy to imagine Srinivasan's bold prediction of 1 million in 90 days made a big impact on the Bitcoin market. In my opinion, it is not important how much Bitcoin can increase in value in 90 days because people who believe in Bitcoin do not invest in it for a short period. Srinivasan's prediction has shown that Bitcoin is likely to reach new heights. Coinbase's former CTO Balaji Srinivasan should be respectful of his recent thought of bitcoin.

Although Srinivasan's recent prediction may seem absurd to some, it is actually a very reliable prediction in the long term. He made this prediction based on the US banking system and hyperinflation, which makes it difficult to dismiss.

Generally we know that what is capable of taking Bitcoin valuation to unprecedented heights is a market cap. Various institutional investments in Bitcoin have multiplied its market cap in recent times. Public companies like Tesla, Voyager Digital LTD, MicroStrategy are now investing billions of dollars in Bitcoin, which naturally adds to Bitcoin's adoption of legitimacy.

If one bitcoin is seen as equal to 1 million according to the current price of bitcoin, then a market cap of about 20 trillion is required. While it may seem like more at the moment, it can also be covered if a crypto revolution happens.

Another important reason why Bitcoin can reach higher in the coming days is its market dominance. Currently we can see that about 45 percent of the total investment in the market is in Bitcoin. When Bitcoin continues to rise above 65 percent or more, there will be a big change in the price of altcoins in the market and the market cap will also increase significantly.

Finally, i will say that people are learning to value BTC so we will be able to achieve it in the near future even if not in 90 days.