Topic: Bitcoin will Hit over 700% or $250k is this possible? (Read 258 times)
Everything is still possible, I'm still optimistic that what is happening right now is normal and often happens, a good opportunity to buy at a low price we can get a few days now, don't complain if the price has skyrocketed again and the mistake that often happens is selling Bitcoin With low prices but buying when rising and expensive.
For me, nothing is impossible when it comes to cryptocurrency. Did anyone imagine that Bitcoin will within a decade of its creation get to this height it's today? No? Of course, not. I'm sure not even Satoshi imagined it would get to this price level within this time. He would've envisaged that it would gain traction after a while but I'm definitely sure he wouldn't have imagined this huge success. If we reckon that a decade ago Bitcoin was worth virtually nothing. In fact, it was there begging to be taken. Here we're today. $250k could be there for a taken. The problem with this industry is the so much FOMO and the timestamp to achieve every prediction. If only we can allow Bitcoin breathe and not be too anxious about it, unnecessarily, I think it will do greater wonder than it has done already.
Why would we care about a CEO saying something, if the world is in such a terrible financial situation, half of it is due to all these CEO's wanting more and more and more profit, if you make 1 billion profit today, why not make 2 tomorrow, and 3 the day after.
These people are always hungry for more, and the mindset overlaps with the idea that it will be 250k. Not saying that it won't happen, it will definitely happen one day, I never say anything is guaranteed in crypto, but about this I can say so, 250k is guaranteed, we just do not know if it will be within 1 year, or 10. This guy is saying something similar so I am not going to argue against it.
Usually whenever these positive sentiments do come out then its really a solid indication that they had already placed or secured out theirselves on the bottom and thats the time they would really be shilling out aboutThese people are always hungry for more, and the mindset overlaps with the idea that it will be 250k. Not saying that it won't happen, it will definitely happen one day, I never say anything is guaranteed in crypto, but about this I can say so, 250k is guaranteed, we just do not know if it will be within 1 year, or 10. This guy is saying something similar so I am not going to argue against it.
Bitcoin.Im not saying that btc doesnt have that kind of capability but we do all know that everything do moves randomly which means that no one could able to predict on where we would be going.
Whether we do see those ath-breaking situation or would really be decreasing even more which is lower on the current value that we do have today.
Almost all people who know about Bitcoin, strongly believe that Bitcoin is the most promising future asset. Before this prediction was published, there were also those who predicted that Bitcoin would reach a price of $100k in 2022. For me, predicting the price of Bitcoin is very interesting, but let's not talk about the timing. Because people like us who believe in the future of Bitcoin don't need that. For me at this time what needs to be done is to buy according to the money available and hold it.
What about the haters and normal individuals that don't dig much deeper in btc? They already heard about btc but they don't thought of what you said. Only the solid btc supporters are the only one's that can think of that but yeah there are other better predictions that this one.This is not the first and this is not going to be the last but the more the adoption we get the more the prediction that could come about btc reaching a higher value. 100k for btc is still weak. Maybe you are not aware that there are experts that say's btc can reach 1 million dollars? But this is the one that can reach a decade or two and not the 250k that is said in the article.
Why would we care about a CEO saying something, if the world is in such a terrible financial situation, half of it is due to all these CEO's wanting more and more and more profit, if you make 1 billion profit today, why not make 2 tomorrow, and 3 the day after.
These people are always hungry for more, and the mindset overlaps with the idea that it will be 250k. Not saying that it won't happen, it will definitely happen one day, I never say anything is guaranteed in crypto, but about this I can say so, 250k is guaranteed, we just do not know if it will be within 1 year, or 10. This guy is saying something similar so I am not going to argue against it.
These people are always hungry for more, and the mindset overlaps with the idea that it will be 250k. Not saying that it won't happen, it will definitely happen one day, I never say anything is guaranteed in crypto, but about this I can say so, 250k is guaranteed, we just do not know if it will be within 1 year, or 10. This guy is saying something similar so I am not going to argue against it.
if you ask it is possible or not, of course the answer is possible, because it has been proven, isn't it?
many people also asked in 2017-2018 whether Bitcoin was able to reach new ATH? and look at the year 2021 the price of Bitcoin reaches $65k,
yes of course we have to believe in the achievement of the next bitcoin price in the future, I believe $100k is the first achievement
many people also asked in 2017-2018 whether Bitcoin was able to reach new ATH? and look at the year 2021 the price of Bitcoin reaches $65k,
yes of course we have to believe in the achievement of the next bitcoin price in the future, I believe $100k is the first achievement
If we would take halvings as the main criterion that will determine the price, then everything we have written really makes sense, provided that Bitcoin still follows its pattern. However, it should not be forgotten that there may always be some factor x that will bring about the disorder - or as they would say in the famous SF film series that disturbance in the Force can occur.
In addition, each new pump will sooner or later be stopped at one point, and a large number of long-term holders have their exit points at $100k, and at any round number above that. If we are talking about reaching $250k per 1 BTC, we need to know that one thing is to get to that point, and something completely different to maintain stability at that point.
In addition, each new pump will sooner or later be stopped at one point, and a large number of long-term holders have their exit points at $100k, and at any round number above that. If we are talking about reaching $250k per 1 BTC, we need to know that one thing is to get to that point, and something completely different to maintain stability at that point.
Definitely one of those who's eyeing the halving. Every other indicator for me's become less and less reliable (though to be technical, 200MA is still something I comfort myself with when days are dark) but halving is something that seems to remind the markets of what's tried and true: that new supply is encroaching sub 1 BTC.
That said, fundamentals and underlying market foundations have never been more different with each new cycle, so while trends and patterns should largely follow the conventional assembly line of top, capitulation, accumulation etc. I think the peaks (and corresponding floors) are what can no longer be predicted.
I really like the 250k target but that's still about 300% gain from the Nov ATH... a first time Bitcoin will surpass the performance of the last ATH-on-ATH.
According to the news, the CEO of global investment manager VanEck that Bitcoin will possibly hit 732% or around $250,000 because institutional investors and governments will drive Bitcoin’s price appreciation. Jan Van Eck is the CEO of the $80.4 billion asset.
It's possible.But have you noticed there's no specific date? It might be 4 years after now when after Bitcoin halving will come which the most anticipated events that expected Bitcoin price will hit into another ATH. That was might the CEO of a global investment manager meant.
Actually, he thinks that it might need decades to come true though in the latter part of his statement he said that it is difficult to tell the time frame.
We're all here as Bitcoin believers, but predictions such as this will be impossible to happen after next week or next month but I'm confidently sure that Bitcoin will reach this price range without a specific date and time.
There is no other way for Bitcoin but to be adopted by both institutions and government, If they don't they are missing out. And this adoption is believed to trigger that surge and eventually break the $250k wall.
+1 because there's currently a lot of disruptions in the world causing patterns to be broken or delayed etc.
Precisely! In the last cycles we didn't have a freakin pandemic and a crapload of cash being printed by the federal reserve. I wouldn't be surprised if the s2f didn't break if we didn't have this global economic fiasco. But yea, some global event messing everything up is pretty inevitable.
It is still less than two years before the halving, I hope the economy had recovered by that time and war won't escalate because it will greatly impact the Bitcoin market trend when it does.
Almost all people who know about Bitcoin, strongly believe that Bitcoin is the most promising future asset. Before this prediction was published, there were also those who predicted that Bitcoin would reach a price of $100k in 2022. For me, predicting the price of Bitcoin is very interesting, but let's not talk about the timing. Because people like us who believe in the future of Bitcoin don't need that. For me at this time what needs to be done is to buy according to the money available and hold it.
But in consideration of the halving, I greatly agree with Lucius given the logic and calculation of the price trend of Bitcoin, the possible price range of Bitcoin after 2 halvings (2028/29) would possibly hit more than $250k.
If we would take halvings as the main criterion that will determine the price, then everything we have written really makes sense, provided that Bitcoin still follows its pattern. However, it should not be forgotten that there may always be some factor x that will bring about the disorder - or as they would say in the famous SF film series that disturbance in the Force can occur.
In addition, each new pump will sooner or later be stopped at one point, and a large number of long-term holders have their exit points at $100k, and at any round number above that. If we are talking about reaching $250k per 1 BTC, we need to know that one thing is to get to that point, and something completely different to maintain stability at that point.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Touching the price of $250k is possible but unfortunately, we don't know when bitcoin will hit that price and can only wait while preparing as many bitcoins as possible to sell at that price. With the current state of bitcoin already dropping to the $27k-$28k level, this gives us the opportunity to buy more bitcoins to hold on to until the price starts to increase.
Once we have enough bitcoins, we can only be patient and leave the market if we can't see the ups and downs of the price because the price will go up and down more often. But if you still want to try to buy low and sell high, you have that opportunity and make the most of it.
Once we have enough bitcoins, we can only be patient and leave the market if we can't see the ups and downs of the price because the price will go up and down more often. But if you still want to try to buy low and sell high, you have that opportunity and make the most of it.
But the question would be, is he that influential to reverse the current bear market trend?
It's possible but no one know the truth since only centralized exchanges can see his balance. Even he announced he have bought x Bitcoin, but it's still just a words and we can't know if he really have full control of that's address until he can sign a message, obviously he will not do it since it's just wasting time and he didn't get anything after that.Now the price continue to decrease and hit $27K currently, his words doesn't change anything to the market condition.
250k is a certainty, not a possibility. It's just the length of time that is up for debate.
But the question would be, is he that influential to reverse the current bear market trend?
It's possible but no one know the truth since only centralized exchanges can see his balance. Even he announced he have bought x Bitcoin, but it's still just a words and we can't know if he really have full control of that's address until he can sign a message, obviously he will not do it since it's just wasting time and he didn't get anything after that.Now the price continue to decrease and hit $27K currently, his words doesn't change anything to the market condition.
+1 because there's currently a lot of disruptions in the world causing patterns to be broken or delayed etc.
Precisely! In the last cycles we didn't have a freakin pandemic and a crapload of cash being printed by the federal reserve. I wouldn't be surprised if the s2f didn't break if we didn't have this global economic fiasco. But yea, some global event messing everything up is pretty inevitable.
According to the news, the CEO of global investment manager VanEck that Bitcoin will possibly hit 732% or around $250,000 because institutional investors and governments will drive Bitcoin’s price appreciation. Jan Van Eck is the CEO of the $80.4 billion asset.
It's possible.But have you noticed there's no specific date? It might be 4 years after now when after Bitcoin halving will come which the most anticipated events that expected Bitcoin price will hit into another ATH. That was might the CEO of a global investment manager meant.
We're all here as Bitcoin believers, but predictions such as this will be impossible to happen after next week or next month but I'm confidently sure that Bitcoin will reach this price range without a specific date and time.
It would be a never-ending debate whether $250k will be broken by the next having or the next decade until it happens, but what interests me is why of all time, the CEO of global investment manager VanEck released this statement during this bear market. Is he hyping the Bitcoin market now? If he does, I only think of one reason, probably he has accumulated a good sum of BTC and is about to unload it to market if ever investors took the bait. Then buy on the dip, and replenish his BTC while making a profit. But the question would be, is he that influential to reverse the current bear market trend?
$250,000 will happen definitely but not for a few years. The next halvening is in 2024, as usual it will cause a supply shock & 6 months or so later we’ll start to go up. $250,000 is a reasonable target to reach in 2025.
I'm responding to this topic, because I know vividly that bitcoin price is rotational and many people speculate about the Bitcoin price. so on my own it is impossible that bitcoin price or value will you reach to 250k this year because starting from last year December and earlier this year 2023 bitcoin price has been fluctuating in price. And if I may say the price please speed up 250k it can't be 2025 but above 2025.
Tesla and Amazon disagree
I'm responding to this topic, because I know vividly that bitcoin price is rotational and many people speculate about the Bitcoin price. so on my own it is impossible that bitcoin price or value will you reach to 250k this year because starting from last year December and earlier this year 2023 bitcoin price has been fluctuating in price. And if I may say the price please speed up 250k it can't be 2025 but above 2025.
Take a look at the graph and $250k becomes a possibility in 2024 and inevitable in 2034
It's up to you to determine where the upper bound of the channel hits.
https://medium.com/quantodian-publications/bitcoins-natural-long-term-power-law-corridor-of-growth-649d0e9b3c94
It's up to you to determine where the upper bound of the channel hits.
https://medium.com/quantodian-publications/bitcoins-natural-long-term-power-law-corridor-of-growth-649d0e9b3c94
I'm going with the typical "Past performance is not indicative of future results" on this one. Certain patterns like this one (and like S2F) can occur, but will break at some point; 'when' is the question.
But yea — not saying that it's impossible, but I really wouldn't bet on it.
+1 because there's currently a lot of disruptions in the world causing patterns to be broken or delayed etc.
Take a look at the graph and $250k becomes a possibility in 2024 and inevitable in 2034
It's up to you to determine where the upper bound of the channel hits.
https://medium.com/quantodian-publications/bitcoins-natural-long-term-power-law-corridor-of-growth-649d0e9b3c94
It's up to you to determine where the upper bound of the channel hits.
https://medium.com/quantodian-publications/bitcoins-natural-long-term-power-law-corridor-of-growth-649d0e9b3c94
I'm going with the typical "Past performance is not indicative of future results" on this one. Certain patterns like this one (and like S2F) can occur, but will break at some point; 'when' is the question.
But yea — not saying that it's impossible, but I really wouldn't bet on it.
Definitely, this kind of price range will come to a realization, and it looks like he is expecting far longer time for the price to go that range.
This graph makes it clearer that the speculation will highly possible to happen in the given time.
Take a look at the graph and $250k becomes a possibility in 2024 and inevitable in 2034
It's up to you to determine where the upper bound of the channel hits.
https://medium.com/quantodian-publications/bitcoins-natural-long-term-power-law-corridor-of-growth-649d0e9b3c94
Extracting the graphical presentation from the quoted article:It's up to you to determine where the upper bound of the channel hits.
https://medium.com/quantodian-publications/bitcoins-natural-long-term-power-law-corridor-of-growth-649d0e9b3c94
This graph makes it clearer that the speculation will highly possible to happen in the given time.
Thanks I couldn't be bothered to extract the image on the phone whilst on the go
#nohomo 
Definitely, this kind of price range will come to a realization, and it looks like he is expecting far longer time for the price to go that range.
This graph makes it clearer that the speculation will highly possible to happen in the given time.
Take a look at the graph and $250k becomes a possibility in 2024 and inevitable in 2034
It's up to you to determine where the upper bound of the channel hits.
https://medium.com/quantodian-publications/bitcoins-natural-long-term-power-law-corridor-of-growth-649d0e9b3c94
Extracting the graphical presentation from the quoted article:It's up to you to determine where the upper bound of the channel hits.
https://medium.com/quantodian-publications/bitcoins-natural-long-term-power-law-corridor-of-growth-649d0e9b3c94
This graph makes it clearer that the speculation will highly possible to happen in the given time.
Yes it's very possible but it might only come in 2024
You really make it sound like 2024 is far away. If anything, don't you think that $250k in merely 2 years is too much of a stretch? Because it's highly likely to take more years than that lol.
Take a look at the graph and $250k becomes a possibility in 2024 and inevitable in 2034
It's up to you to determine where the upper bound of the channel hits.
https://medium.com/quantodian-publications/bitcoins-natural-long-term-power-law-corridor-of-growth-649d0e9b3c94
Yes it's very possible but it might only come in 2024
You really make it sound like 2024 is far away. If anything, don't you think that $250k in merely 2 years is too much of a stretch? Because it's highly likely to take more years than that lol.
Yes it's very possible but it might only come in 2024
He said it will take long time but I wonder how long do you think it will take for Bitcoin to get into this kind of price range?
If we take into account that after each halving the price increases, but that such a percentage decreases each time - let's say that after 2024 the halving price of the last ATH (about $70k) increases by x3 we would be close to the price Van Eck talks about. If the increase were only x2 (about $150k) then we would probably have to wait until 2028/29, which would roughly mean that his speculation could be realized by the end of this decade.
I'm much more optimistic than him who says it will take decades to make that happen - but at the moment I don't believe it will take that long.
We are all Bitcoin believer here that's for sure and every time there is a prediction like this, it always gives hope that tomorrow will be better. Unfortunately Vaneck didn't say tomorrow or when the price will go $250K. It could be 2025?
The crypto bill of 2022 has to be ironed first to make BTC as if the government had legitimized it for everyone's doubt.
Man, I tell you
Stock to flow analysis by Plan B who predict last year we will reach $100K in the last year didn't even correct, now why we should believe this self pro claimed expert who speculate Bitcoin will hit $250K?
Given how scarce and many people including government adopting Bitcoin, we can reach far higher than $250K to be honest. But talking it without any proof isn't make sense.
Stock to flow analysis by Plan B who predict last year we will reach $100K in the last year didn't even correct, now why we should believe this self pro claimed expert who speculate Bitcoin will hit $250K?
Given how scarce and many people including government adopting Bitcoin, we can reach far higher than $250K to be honest. But talking it without any proof isn't make sense.
Bitcoin (BTC) Will Explode by Over 700%, According to CEO of $80,000,000,000 Asset Manager: Report
According to the news, the CEO of global investment manager VanEck that Bitcoin will possibly hit 732% or around $250,000 because institutional investors and governments will drive Bitcoin’s price appreciation. Jan Van Eck is the CEO of the $80.4 billion asset.
He also stated that Bitcoin is establishing itself as threat to gold. He also believe that in the long run Bitcoin will have more appreciation due to institutional and government adoption.
This is probably what makes him to think that the price of Bitcoin will be greatly appreciate :
Given his belief, I think it is plausible to think that Bitcoin will really appreciate because of the possible investment shift from gold to Bitcoin. Though it is questionable whether it will hit $250k while the previous hype of $100k is far from happening. I don't know what is his motive on releasing this kind of statement during the bear market. Is he trying to reverse the current trend with this kind of speculation? He said it will take long time but I wonder how long do you think it will take for Bitcoin to get into this kind of price range?
Source: https://dailyhodl.com/2022/06/11/bitcoin-btc-will-explode-by-over-700-according-to-ceo-of-80000000000-asset-manager-report/
According to the news, the CEO of global investment manager VanEck that Bitcoin will possibly hit 732% or around $250,000 because institutional investors and governments will drive Bitcoin’s price appreciation. Jan Van Eck is the CEO of the $80.4 billion asset.
Quote
“Investors see it as a complement to gold. That’s the short version. Bitcoin has limited supply; the supply is visible. And it’s very hard, almost impossible, to change that. Bitcoin will go to half the market cap of gold, or $250,000 a Bitcoin, but that could take decades. It’s hard to put a timeframe on it.”
He also stated that Bitcoin is establishing itself as threat to gold. He also believe that in the long run Bitcoin will have more appreciation due to institutional and government adoption.
Quote
“Bitcoin has further price appreciation because it’s maturing. And its institutional adoption is increasing every year. It isn’t just institutional investors, but also governments around the world that are looking to it as a useful asset.”
This is probably what makes him to think that the price of Bitcoin will be greatly appreciate :
Quote
“Part of the demand for gold has been siphoned off into Bitcoin, which is emerging as a long-term competitor to gold…
Gold was the primary asset, but sometimes people bought silver or other precious metals. People looking for a store of value will look to gold, but also to Bitcoin. We’re in the middle stages of that adoption cycle, and there is further upside.”
Gold was the primary asset, but sometimes people bought silver or other precious metals. People looking for a store of value will look to gold, but also to Bitcoin. We’re in the middle stages of that adoption cycle, and there is further upside.”
Given his belief, I think it is plausible to think that Bitcoin will really appreciate because of the possible investment shift from gold to Bitcoin. Though it is questionable whether it will hit $250k while the previous hype of $100k is far from happening. I don't know what is his motive on releasing this kind of statement during the bear market. Is he trying to reverse the current trend with this kind of speculation? He said it will take long time but I wonder how long do you think it will take for Bitcoin to get into this kind of price range?
Source: https://dailyhodl.com/2022/06/11/bitcoin-btc-will-explode-by-over-700-according-to-ceo-of-80000000000-asset-manager-report/
Jump to: