Topic: A victory for Bitcoin (Read 502 times)

I won't be surprised if Bitcoin did not pass 100k in the next bull market, this is a marketing strategy to create unrealistic dreams to those that will FOMO in and I think this Balaji must have bought a lot of Bitcoin at the dips.

The only way to get his hands on a freaky amount of money is brainwashing people to believe that Bitcoin will be worth a lot in the future, I don't think this will ever happen sooner, not even in the next 10 years later, remember, we still have 200k,300k, 500k per Bitcoin, it sounds so fake to believe this prediction.

I hope none of you guys will be foolish enough to halt when Bitcoin makes a new all-time high and keep expecting Bitcoin over a 100k dollars before you can sell.

The harsh truth about the crypto pump is some people will lose while others will win, do not get too insatiable or you will get burnt.

Unfortunately, everything is not so good. I understand that I want to hear some encouraging forecasts about the price of bitcoin, but no one in the world can know how much this number one cryptocurrency will cost tomorrow. And the indicator that many campaigns have invested in it is not an indicator of the reliability of bitcoin.
At any moment, all these corporations can withdraw money back to the dollar and then the price will collapse like a house of cards.

But if dade Bitcoin will cost at least 200k, it will already be great.

1 bitcoin = 1 million dollars, it's really fantastic when we hear about it, but if that increase occurs in just 90 days, of course it's logically difficult to happen, but anything can happen in the market. of course we can take the positive side with this news of course there will be more and more people investing in bitcoin so that it can increase the price of bitcoin, even though until the end of this year it has not even reached 1 million dollars, as long as there is an increase and the bullish season comes out, that is already a relief for the investors

Great picture! Bitcoin to 1 mil in 90 days would be sick! I think it's a tough bet for sure 🤔 we will see how this one plays out lol. Im going to see that in my lifetime, I do believe that it will happen! 1 Bitcoin = 1 million dollars worth. I'll say 2032 at the absolutely latest.

We seeing the victory of bitcoin piece by piece when banks are starting to collapse one by one and this the proof that banks cannot be trusted with out money wherein it is only backed up by trust of US federal reserves. Bitcoin proves that it cannot be controlled by the government, institutions and banks that why Bitcoin is embracing the success as more banks run is coming this year. Banks down, bitcoin is UP~

One million dollars per bitcoin means that the market capitalization of bitcoin will reach 20 trillion dollars, and the entire market capitalization will be 40-50 trillion. It will be close to the global stock market and many times more than gold. It's an unrealistic thing, we don't even know what will happen with crypto, let alone that far away.

I like the art, so I gave you the merits for Full Member rank.

There, you had stated it in the long-term and 90 days isn't considered a mid-term let alone a long term.  That 90 days prediction is really unrealistic.  No matter how you prove his statement with the either fundamental or technical analysis, the prediction is still fictional. 


Will this stated increase in statistics  can lead Bitcoin to $1m a piece within less than 90 days?  I bet no because as we all know there are process and requirement needs to met before a certain event in the market trigger.  And as I stated, learning without adoption will have no effect on Bitcoin market.

While not realistic, it could happen especially if there is greater support coming to bitcoin at the right time, such as before the bitcoin price started to increase.
But maybe that won't happen in the next 90 days because the distance between the current and peak prices is too far.
So even if there is support coming into the bitcoin market, it may not be able to make its price increase quickly if it isn't overwhelming support.
We also have to be patient, waiting for everything to happen and in the meantime, we can accumulate more bitcoins.

In thinkh, Former Coinbase CTO Balaji Srinivasan's prediction of 1 BTC being worth 1 million USD in 90 days may seem unrealistic to some, but it has shown that Bitcoin has the potential to reach new heights. Srinivasan's prediction is based on the US banking system and hyperinflation, making it a reliable long-term prediction.

Institutional investments in Bitcoin by companies like Tesla and MicroStrategy have also increased its market cap and legitimacy. Bitcoin's market dominance of around 45% can lead to a significant increase in market cap when it rises above 65% or more. As people continue to learn about Bitcoin, it's likely that it will achieve significant growth in the near future.

Yes when more people invest, it leads to more demand for the coin. Now we know that the number of Bitcoins are fixed. So when the demand for something specific increases and at that time the supply of that specific asset is fixed, the price increases. This will create a simple effect of supply and demand and hence the price of Bitcoins will increase. So whatever the former CTO said can be achieved, but provided that the demand for coin also increases with a constant rate. I also believe the same that the price will increase very soon. So I would suggest each and everyone to accumulate as many Bitcoins as you can in this low price.

Gold has taken hundreds of years to reach the $10 trillion market cap it is today, while bitcoin is only 14 years old, and it's not even widely accepted and popularized yet. So, to think of a future that surpasses the capitalization of Gold is a pretty far-fetched thing for me.
It can be said that it is very difficult to achieve that unless it is accepted by all governments, recognizing it as a rare asset like gold and becoming a reserve asset in countries' budgets. The future of bitcoin is still a question mark, I will not rush into illusions too soon.

I think there's something else behind this type of predictions that doesn't look achievable in the time they're predicting it to happen, maybe they're just trying to pump the market so they can sell their bags of Bitcoin. You know whales only cares about themselves so they sell false hope to get people pumped up then they dump on them in the market.
In 90 days which is just 3 months we'll still be in 2023 and the block rewards hasn't been halved by then that you'll start giving such predictions to happen to the price. This types of prediction is what is making people see the market as some kids show filled with emotional investors. We have to stop taking this guys serious with their prediction and focus.
Never invest because of a prediction you saw online from this influencers, Bitcoin could go as far as that price or even exceed it but it won't be happening soon and that's why you have to hold.

This is nothing but a dream, before Balaji made this prediction there have been so many predictions like this in the past, and none of them became reality.

Bitcoin can one day become a million dollars in value but that's a very far journey in the future and it might never come true, maybe something better than Bitcoin will come and the whole focus on Bitcoin will be shifted to the new technology, who knows?

So let's face reality because that's the only thing we have right now, if Bitcoin is going to make a new ATH I do not expect more than 100k per BTC, wake up to reality.

Believing what someone say, is just mere rumor, it's either the person is trying to capture the attention of the public and this are just noise that tend not to be given listening ears. Bitcoin is popular and gaining recognitions in countries all over the world. That alone proofs a solid promising future for Bitcoin and I'm confident that many pro traders and investors will benefit in double folds when the time comes. Bitcoin hitting $1M is totally unacceptable because it's not possible. However it's possible for Bitcoin to hit that figure but it will take a decade, crypto movement is gradual process and we have both bull and bear season. These season retrained the movement of crypto and there's no way Bitcoin will hit such significant figures within the range of 90 days.

When someone says that bitcoin will reach 1 million dollars in the future(10 years upward as the case may be), I will partially believe that person a little but not someone to give a time limit that bitcoin will reach 1 million dollars in 90 days. That sounds absurd to accept and believe.

It's really strange that there are still people in the cryptocurrency industry like you who are easily duped into believing that the price of bitcoin will reach $1 million in 90 days. Who on earth is capable of anticipating or believing such a figure? The price of the cryptocurrency is currently hovering between $27k and $28k+ and has not yet surpassed the $30 mark as was predicted before the end of the month. Someone wants us to believe an impossible future with him that bitcoin will reach a million dollars in 90 days. Is that not insane to think of?

In an economic view of supply and demand.  with 70% unmoved, it means the market is being hoarded and creating an artificial scarcity of supply in the market.  We know that any market being hoarded and creating an artificial scarcity makes the price skyrocket.  This is a clear indication that the item(Bitcoin) is being sold at an overpriced value.  So when the time comes that this 70% is reinjected to the market, the valuation of Bitcoin will be greatly affected.

So in a scenario where that 70% is injected into the market and join the active circulation, the $1m realization will be greatly hampered unless the adoption catches up with the sudden inflow of these inactive Bitcoin supply.

Cryptocurrency is not a get rich quick scheme, it's a gradual process and we take risks everyday inother to earn profits from the space. 12 lengthy years can not be covered with just few days, exercising patience is the ultimate factor to key in profits. $100 flipping to $1000 is not an easy run-up because of the high volatility of the market. It's very difficult because there's presence of fluctuations and projects fails in the market. Bitcoin is a solid project in the space, although it's passing a difficult phase currently but there's room for a pump once the bull market reopen.

I only consider such people as influencers, they can say anything about price predictions, but it's not proven afterwards. Remember about John McAfee? The man also predicted the price, but there was no proof.

I could agree if someone were to predict $100k in the next 2 years it would make sense because it is backed by strong fundamentals. But if it's $1M, it's just a dream.

Currently, people have started competing to invest their money in crypto or bitcoin in coffee shops, millennial children have started to focus on earning income via bitcoin growth this year 2023 has started to pick up again after the 2022 break, although dozens of new coins have been released in the year
this is to compete with bitcoin yet, bitcoin is really a future asset that we continue to protect, and I'm sure that will break to its highest level this year.

Almost 70% of all bitcoins have not moved for at least a year

This indicates a growing realization that bitcoin is undervalued

It is actually absurd.  Srinivasan's prediction has a timeframe and it is too short to make Bitcoin reach $1m let alone half a million dollars in just 90 days.  It isn't the price that is absurd but the time frame given.

We all know that in due time when adoption proliferate in every corner of the world. $1m per BTC is nothing because of it finite supply and the Bitcoin lost along the way of price realization.



Learning the value is not enough if there is no adoption. Adoption creates demand that will make the price of BTC skyrocket.  So by simply learning the value and no adoption is involved, Bitcoin will never reach $1m let alone in 90 days.  

Don't be deceived by any speculator,some of them are just saying what they like to get firm and followers. We are in the real life and not living a life of fallacy,I don't think this is possible for bitcoin price to hit $1m in 90 days. The price of bitcoin is 27+  which I don't see under which circumstance this will be possible.

Bitcoin is not a ponzi project and will never work like one. You are already in this forum,it is better you learn about bitcoin price speculation here,than listening to cock and bull stories from people out there who thinks they know everything or can predict the future accurately. Even after bitcoin halving,during the bull run when the price get to it's ATH,this is impossible.

People will say whatever their mind says to them, they will say anything for attention, must of the guys that predict this kind of price are either attention seekers who invested $100 and expect bitcoin to give them 10x which is impossible right now. I wonder if they do check the chart of bitcoin before they predict this kind of thought from their mind. It took bitcoin more than 12 years to stabilize at this price, what more do you think will happen before we reach $1 million per bitcoin, we may one day if the fundamentals of bitcoin remain intact but I am not sure if we will have anything close that price even in 5 years to come if we are to be honest with ourselves.

If I remember there is a coin last time whose value is more than 1 Bitcoin but I don't have any update with that coin anymore but I am sure that BTC overtakes it now. Even the value of that coin is higher than in Bitcoin last time, Bitcoin is still on the first rank. That is how strong Bitcoin is.

I guess it's enough to say that Bitcoin is already victorious among other cryptos. Bitcoin is created to be decentralized but many governments are seem to disagree with it and that is why they are trying to create regulations. It may not be directly in Bitcoin but we are still feeling it. Anyway, Bitcoin is still Bitcoin and it was still different compared to the fiats.

I would guess that 1 million will happen, it's just that it won't happen right now. 20 trillion is not as big as people think it is, we are talking about what 10+ trillion for gold marketcap already? It means that overtime bitcoin can become 20 trillion marketcap, that shouldn't be a difficult thing to achieve.

The trouble is not "will it happen" but when will it happen, because I believe that looking at how much nations print money these days, in 10-15 years we could have 1 million dollars per bitcoin, or latest in about 25 years. That is a long time to wait, and maybe it will happen earlier, but that doesn't mean that it will never happen, just not now.

But I believe people like Elon will never do that, they support bitcoin but will never be too obvious or stupid to put a specific number in their prediction. Because they know that if they guess wrong, it will damage their reputation. We have seen Elon tweet about bitcoin many times but never talked about a specific number. Actually, I don't know who Balaji Srinivasan is, I only know him through this news. It can be seen that he's just trying to get attention, but I'm not going to bother and follow this guy, he's doing crap.

Then why did he make short term prediction? I can see why many people would see 1 btc in $1M some day but predicting such a move in 90 days is just beyond delusional and can only hurt his credibility.
However i remain skeptical of that $1M target because if there's not going to be some new method for free energy, bitcoin in $1M most likely would need insane hash power and since govenrnments have been worried about the energy consumption in $50k, then think how much heat bitcoin would get in $1M.

Balaji is betting on USD to inflate so high that US government will print tons of tons of money that even when 1BTC will have a value of $1M, the buying power of it may not be as $1M today. But obviously, he overdo it becuase it will not happen as instant as 90 days, it may not even happen in 10 years.

His speculation is because of the bank crisis that is happening all over the world. It's not even reported in the media like France raiding a number of banks.

I think that $1 million is not completely out of question for Bitcoin in the future, but certainly not in any near future or the next bull run. That's just way too big of a jump, in my opinion, and 90 days is not enough time, I'm confident of that. It seems that the CTO is a very well-educated person who is experienced in investments. It might be a marketing thing, but if he really bet $2 million on this, it's a huge and risky bet as well. Maybe for him, though, it's not a big amount of money, and he figured that the hype it will bring him and perhaps Bitcoin itself (which he probably holds as an investment) will outweigh the lost bet. So maybe there's just more going on here than meets the eye.

For Bitcoin to reach 1 million dollars in 90 days is just some kind of crack joke, but in the Bitcoin space, people are full of speculation and can believe whatever they choose to about price movement. In the imagination of humans, it's possible for Bitcoin's price to go boom, but in reality, it may not even get to $60,000 this year. Still in the imagination of Balaji Srinivasan, if Bitcoin gets to $1 million, then a lot of Bitcoin holders would be tempted to sell, and I really wonder if not all the major Bitcoin holders will not be tempted to sell all their holdings. 😜😂

Prices will not hit 100k or 1 million in 90 days obviously but that is also not necessary at all. It is good enough to have a steady rise for the next 12 month to bring back the euphoria to Bitcoin and have new projects developed. If prices will go up to quick they will also go down quick and that’s never good.

I'm gonna be honest, I don't quite believe it will hit 1 Million dollar in such a short time, although I don't think it's impossible, but on the other side I think it will finally hit the so dreamed 100k, in 90 days, I truly believe it.

The price of bitcoin will forever be unpredictable because it is influenced by many economic indicators. One million dollar price is very attainable but not in ninety days. It might take some years to achieve that feat. Many investors never believed that it will get to almost Twenty Eight thousand dollars currently because they thought the price will recover next year but Bitcoin has kept winning.  I will like bitcoin to hit the $1m mark but my prediction is that it will hit $100k by the end of next year. Regardless of the government's strategies to crash the bitcoin market, it will keep overcoming those roadblocks and breaking new grounds in terms of price. The best advice any bitcoiner should get now is keep accumulating and holding.   

I remember those days when many people didn't believe bitcoin could go up to $10k, reach $20k and come down again.

And finally, the price can reach $ 50k, almost $ 60k, which many people can't believe. And they started buying bitcoins at a price that is still considered the peak price and it turns out that the price has dropped dramatically again, making many people lose their way in holding their bitcoins. And once this condition recovers, we will see the next high where it is possible to reach $100k. So keep holding on to bitcoins tightly and keep on accumulating bitcoins.

   -   Do you really believe mate that within 90 days Bitcoin will be 1M$ each? we are not even at the date of Bitcoin halving in 2024 then with such an amount you are blinded that it will really happen.

There's nothing wrong with believing in Bitcoin, but it's worth talking about how much it will be, since it was created until now no one has predicted the exact value of bitcoin on its date and day. Let's just be honest, it's his right to predict but that doesn't mean that's what will actually happen, that's why predictions are uncertain.

Looks like BTC is winning each day

One of the factors that could contribute to Bitcoin's rise is its market cap, which has been increasing due to various institutional investments in Bitcoin. If Bitcoin's market cap reaches about 20 trillion, then the prediction of 1 BTC equaling 1 million USD could become a reality.

All work and no play make Jack a dull boy 
That very statement of his that BTC to hit $1m within that short time shouldn't be taken seriously. That price prediction is nothing but an absolute joke. You just lured me to open this thread with your misleading title 
How on earth is this unrealistic imagination (at least for now) a victory for Bitcoin? OP don't tell me you being optimistic is tempting you to see this as a victory for Bitcoin already.

When Bitcoin was created, it's already a victory for us because we're have a choice to not trust government due to it's centralization and corruption, instead we can be own bank with Bitcoin. The victory of Bitcoin is because of the purpose and value, not only about the price. If price is the reason why Bitcoin is a victory, someone can create a new coin where the price is more expensive than Bitcoin.

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.