Bitcoin [BTC] Price Could Reach $1.5 Million by 2030 Says Cathie Wood - page 3.

ajiz138

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Quote from: ScamViruS on January 13, 2024, 02:53:57 PM

Quote from: ajiz138 on January 13, 2024, 02:34:57 PM

I wouldn't be surprised to see some CEO's say about the future price of bitcoin with predictions that are a little bit crazy, not that I don't believe it but it's too big and he often says on predictions that are always changing due to the approval of ETFs even increasing his predictions.

It's everyone's personal opinion how he sees Bitcoin, so his prediction is also his personal and if he thinks Bitcoin has that future potential then it's a matter of time to see how long it takes for his prediction to come true. There was a time when there was doubt that Bitcoin would cross the $10000 price but it has crossed that and now Bitcoin is trading at a much higher price. But yes, it is still too early to consider whether Bitcoin will reach this target of $1.5 million.

I am now eagerly waiting to see when bitcoin will cross the $100k target. The probability of Bitcoin going to $1.5 million in 2030 seems very low to me, because that is a very big target.

I know it's their personal opinion but when it's an institutional person in front of the media talking about it, it will become public speculation, actually this is not bad news considering their predictions are high not down so it's only natural that their predictions are too big even though it's just a prediction sometimes it's not right.

The proof is indeed waiting for time to arrive whether this will happen or not.

You agree with me that the $1.5M prediction is still low, still for me it's too high unless $500K might still be reasonable.
You're waiting for $100K, I'm just as eager to partially release at that price. LOL

huu78

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The more good news there is about Bitcoin, the better it will be for market conditions, but predictions could be wrong, but if you look at the current condition of the US dollar and the resulting inflation, this could happen, sooner or later.

JayTrain

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I recently read a topic that someone predicted the price of Bitcoin to be 1 million, now the bid has already been outbid by 1.5 million))) where did they get such forecasts?!? These are all assumptions that are not substantiated by anything specific, or they simply want to attract attention to themselves with such news, I no longer have any guesses why they are predicting such cosmic amounts... although there are still 6 years until 2030, maybe I’m wrong.

chmod755

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$1.5M is possible if the dollar devalues fast.

Otherwise a range for maybe 2040.

Ayers

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Quote from: DaNNy001 on January 13, 2024, 05:26:40 PM

Quote from: aTriz on January 12, 2024, 10:04:11 AM

CEO Of ARK Invest Said in an Interview with CNBC Yesterday (Thursday) that Bitcoin Could Reach $1.5 Million by 2030.
Previously she Predicted about Bitcoin and Said that Bitcoin Could Reach $1 million.

Ark Invest is one of those asset-managing Firms that got one of the Bitcoin ETFs..

Source:
https://www.coindesk.com/markets/2024/01/11/cathie-wood-sees-bitcoin-price-reaching-15m-by-2030-after-etf-approval/
and
https://coinmarketcap.com/community/articles/65a00143f4756d5768d055e9/

Thats some crazy amount and I know everyone holding some coins wouldn't mind if the price can sky rocket to that amount while the other sets of person not yet holding will be praying for the price to drop low so they can actually buy these dips. Bitcoin reaching 1.5million by 2030 is a very wild prediction I must say but that would have been the case a few years back in the early stages of Bitcoin when it was down to a dollar and someone predicted that it would reach 64k in a decay time so nothing is impossible when it comes to the market value and price of Bitcoin.

In my opinion, making predictions for the next 5 years or 10 years is a myth and meaningless because we do not know what will happen in the future and how it will affect bitcoin. I think what we need to do now is focus on the upcoming target of the bull season which will take place in 2024-2025. Because bitcoin hasn't even reached $100k yet, making predictions that bitcoin will reach $1 million or $2 million is really unnecessary.

ObscurePen

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It's all very speculative. Right now with a 6.25 block reward, 6.25*6*24=900 bitcoins being mined every day. At the current price of 42k which is what miners are selling these new coins at that would mean there is at least 38million$ being added to the network every day. We can treat this as a indicator of demand.

in 2030 block reward would be 1.56, which translates to 224.64 bitcoins being mined every day. At a speculative value of 1.5 million for each coin which is what miners would be selling these new coins at, we would be looking at 337million$ being added to the network daily. That almost 9 times more demand than current levels. The question is do we think that is possible by 2030?

DaNNy001

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Quote from: aTriz on January 12, 2024, 10:04:11 AM

CEO Of ARK Invest Said in an Interview with CNBC Yesterday (Thursday) that Bitcoin Could Reach $1.5 Million by 2030.
Previously she Predicted about Bitcoin and Said that Bitcoin Could Reach $1 million.

Ark Invest is one of those asset-managing Firms that got one of the Bitcoin ETFs..

Source:
https://www.coindesk.com/markets/2024/01/11/cathie-wood-sees-bitcoin-price-reaching-15m-by-2030-after-etf-approval/
and
https://coinmarketcap.com/community/articles/65a00143f4756d5768d055e9/

Thats some crazy amount and I know everyone holding some coins wouldn't mind if the price can sky rocket to that amount while the other sets of person not yet holding will be praying for the price to drop low so they can actually buy these dips. Bitcoin reaching 1.5million by 2030 is a very wild prediction I must say but that would have been the case a few years back in the early stages of Bitcoin when it was down to a dollar and someone predicted that it would reach 64k in a decay time so nothing is impossible when it comes to the market value and price of Bitcoin.

BABY SHOES

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When some institutions are involved in bitcoin, they will say bitcoin is as high as it is, I have seen predictions from Saylor saying $5 million in the future because he continues to buy bitcoin so he believes in these predictions.

They say of course they have a strong analysis behind all that while for us it's too much to say bitcoin is that price within a decade even though I know bitcoin will grow faster later but still not so realistic.

Not not believing because we always predict bitcoin from every cycle that runs, if for predictions more than two cycles, for example, it will be difficult to analyze, this is for myself because there is no more ability then that's what I understand.

ScamViruS

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Quote from: ajiz138 on January 13, 2024, 02:34:57 PM

I wouldn't be surprised to see some CEO's say about the future price of bitcoin with predictions that are a little bit crazy, not that I don't believe it but it's too big and he often says on predictions that are always changing due to the approval of ETFs even increasing his predictions.

It's everyone's personal opinion how he sees Bitcoin, so his prediction is also his personal and if he thinks Bitcoin has that future potential then it's a matter of time to see how long it takes for his prediction to come true. There was a time when there was doubt that Bitcoin would cross the $10000 price but it has crossed that and now Bitcoin is trading at a much higher price. But yes, it is still too early to consider whether Bitcoin will reach this target of $1.5 million.

I am now eagerly waiting to see when bitcoin will cross the $100k target. The probability of Bitcoin going to $1.5 million in 2030 seems very low to me, because that is a very big target.

ajiz138

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I wouldn't be surprised to see some CEO's say about the future price of bitcoin with predictions that are a little bit crazy, not that I don't believe it but it's too big and he often says on predictions that are always changing due to the approval of ETFs even increasing his predictions.

To be honest I'm glad they keep talking about bitcoin with their predictions but for me it's too early even though we know no one can predict the future price of bitcoin it's just that our thoughts are too positive because the longer you hold the higher the bitcoin goes.

The only way is to buy then HODL until 2023 and prove it later, I think 6 years is a long time but when you forget it will feel like a minute. Grin

stomachgrowls

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Quote from: MFahad on January 13, 2024, 09:11:04 AM

Quote from: hatshepsut93 on January 12, 2024, 03:36:03 PM

Did she buy some BTC or has BTC-related stocks? Because every time someone influential starts hyping Bitcoin, it's probably because they got skin in the game and try to leverage their influence. But remember that these people always take profits, they don't "hodl", they invest. She'll probably sell long before Bitcoin will be even 1/4 close to that price target, while retail investors will pump the price waiting for these moon predictions.

I thought about the same. this is the one thing that is common in all social media influencers and influential people. they buy Bitcoin or Altcoins for themselves first and then come up to public via news sources or social media and start making big speculations and predictions about them. once those tokens pump. they sell off and take their profit back.
Bitcoin price took a dump to $42k from $46 after ETF approval. that makes me think some of these might have took their profit from Bitcoin in this small price movement. maybe that is why bitcoin price dropped. otherwise everyone was expecting big pump after ETF approval.

If you are someone whose really that aware or wary about on how this market works then you would definitely be having those kind of thinking or something should really be in default in speaking about news and other fundamentals that could really exist or could happen into this market on which it could really be neither having those bullish sentiments and bearish ones on which it would really be that entirely be depending
on what are those plans and potential actions that they would really be making for their own benefit. Of course it would really be that everything for money or for profit. We do know on how they greedy they are
on which its not really that shocking anymore if they would really be making out such step and somewhat that very obvious about being manipulative.

We do really like on being optimistic but sometimes we should really be that knowing on how to stick into those realistic ones or approaches when it comes to price. We cant really just that make ourselves
believing into something which it is really just that far off stretched specially on Bitcoins price or onto this crypto world, no one really knows actually.

tyz

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Quote from: AmoreJaz on January 12, 2024, 04:09:01 PM

Quote from: tyz on January 12, 2024, 02:59:26 PM

Cathy Wood is a contro-indicator for me, so I don't think BTC will reach $1.5 million by 2030. Her Ark fund is a disaster. I don't understand why she is so hyped just because the fund did well during the low interest rate phase and the whole tech rally. But it has been underperforming massively for over 2 years now and has missed some trends (e.g. AI).

maybe want to make noise and see if it will do good on her business. because if they will encounter her name, for sure, people will search about her and see who is she in this market. most of the time, if a person is exaggerating something, he or she has some motives and want to make it happen no matter what.

People don't really need to research about her, because especially young people (Gen Z) know here very well. In the bull run and the hype phase of Wallstreet Bets, she was kinda Jeanne d’Arc of many in this age group. That's why too many people still trust her and her fund.

Nrcewker

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Definitely the projection and past history of Bitcoins tell us this only. Bitcoins are very valuable trust me. Those who have known the value of the coins, would definitely have started accumulating the coins for these big occasions. We know that Bitcoins are limited in numbers and hence if the demand to accumulate it will increase, then price will automatically go up to meet the demand. Hence just accumulate and hold the coins for some years. In this manner you will make the maximum profit.

MFahad

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Quote from: hatshepsut93 on January 12, 2024, 03:36:03 PM

Did she buy some BTC or has BTC-related stocks? Because every time someone influential starts hyping Bitcoin, it's probably because they got skin in the game and try to leverage their influence. But remember that these people always take profits, they don't "hodl", they invest. She'll probably sell long before Bitcoin will be even 1/4 close to that price target, while retail investors will pump the price waiting for these moon predictions.

I thought about the same. this is the one thing that is common in all social media influencers and influential people. they buy Bitcoin or Altcoins for themselves first and then come up to public via news sources or social media and start making big speculations and predictions about them. once those tokens pump. they sell off and take their profit back.
Bitcoin price took a dump to $42k from $46 after ETF approval. that makes me think some of these might have took their profit from Bitcoin in this small price movement. maybe that is why bitcoin price dropped. otherwise everyone was expecting big pump after ETF approval.

bitLeap

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Quote from: aTriz on January 12, 2024, 10:04:11 AM

CEO Of ARK Invest Said in an Interview with CNBC Yesterday (Thursday) that Bitcoin Could Reach $1.5 Million by 2030.
Previously she Predicted about Bitcoin and Said that Bitcoin Could Reach $1 million.

Ark Invest is one of those asset-managing Firms that got one of the Bitcoin ETFs..

Source:
https://www.coindesk.com/markets/2024/01/11/cathie-wood-sees-bitcoin-price-reaching-15m-by-2030-after-etf-approval/
and
https://coinmarketcap.com/community/articles/65a00143f4756d5768d055e9/

I won't speculate too far into 2030 or 2050, what matters now is what the future holds for Bitcoin once the ETF is approved because this is what we need to pay attention to. Regardless of 2030 and beyond, time will tell. Before the ETF was approved, we may have heard crazy predictions but in fact there is still no WOW movement as many prediction experts everywhere say. Therefore, ensuring Bitcoin growth is maintained and gaining healthy adoption is the most important task. So we no longer need to guess prices for years that are still far away. Once the ETF phase is approved whose impact is yet to be seen, we need to have wise decisions and plans.

bobbybkk

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Just my humble opinion:

1) Because there is only a limited supply of bitcoins available, then given an increased demand the price could reach for example 1.5 million dollars. If for example China gets funny ideas about Taiwan, then maybe a kind of financial panic could be a cause to a massive increase...... or maybe something like Covid, that hits next year and nobody thinks about now.

2) On the other side Bitcoin could go down massively as well, maybe an so far undiscovered flaw in the system or simply an other alternative, nobody know the future.

So in total I would suggest to take some profits from time to time and in case all goes to hell you made at least some money and on the other side stay invested in bitcoin in case all goes well.

Fundamentals Of

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I think this is not even worth discussing at all. ARK Invest is highly invested in Bitcoin. Not only does it have itself an investment in Bitcoin, it is also offering Bitcoin products for investors to buy or trade. Cathie Wood, its founder and CEO, has been very vocal about her mega bullish Bitcoin predictions. All these efforts to hype and even stir a FOMO on Bitcoin are not surprising under such circumstances. You can't expect an objective prediction from Cathie because she has a huge stake in it.

aTriz

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Quote from: hZti on January 12, 2024, 02:46:55 PM

I hope we see less of those idiotic statements. Bitcoin always performed best when people claimed that it will be dead soon. As soon as "famous" people started to talk about the greatness of bitcoin, the trouble began.

I don't think these idiotic statements will stop coming. as long as there are people who listen and believe these self-proclaimed Bitcoin experts who think they are more loyal to Bitcoin than anyone, while in actually they are just after the money.
And bitcoin will always do good, no matter if anyone call it a scam or predict about its price reaching $1.5 millions. there are minor turbulence, but I didn't see any big troubles here.

Quote from: tyz on January 12, 2024, 02:59:26 PM

Cathy Wood is a contro-indicator for me, so I don't think BTC will reach $1.5 million by 2030. Her Ark fund is a disaster. I don't understand why she is so hyped just because the fund did well during the low interest rate phase and the whole tech rally. But it has been underperforming massively for over 2 years now and has missed some trends (e.g. AI).

Maybe since their ETF applications and then approval. she think she have every right to say anything about Bitcoin. Grin

famososMuertos

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Create a post on X (Twitter) where you announce a price, whatever you want, and nothing will happen.
But, "Ark Invest is one of those asset-managing Firms that got one of the Bitcoin ETFs,"you'll likely be promoting prices that sound "tasty."

Then, just throw as much information as you can into the personal projection equation and project that price.

"Price Could Reach $109,030 by 2030 Says famososMuertos.

red4slash

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Regardless of what he says about future predictions it will just be a situation that will only be glanced at but will not be taken too seriously because after all, arguing or agreeing about bitcoin price speculation for the next 6 years is very long and of course it will not be proven in the near future so we will just see and without any defence or counter to it.

Unless indeed we are a beginner who will only believe what is said by influencers or those who have certain powers maybe something like this will be used as a situation that will be considered great but for those of us who have been in bitcoin for a long time I think many have said about classic speculation like this but of course the proof is only about time so don't be too fooled and expect more with what is said by those who have influence such as influencers or those behind the company.

Topic: Bitcoin [BTC] Price Could Reach $1.5 Million by 2030 Says Cathie Wood - page 3. (Read 701 times)