Topic: Bullish or nuts? Fidelity predicts $100M bitcoin in 2035 - page 2. (Read 538 times)
For now it's a bit nuts to think that bitcoin in 2035 will be a hundred million apiece. It's not that I don't believe that it will go to that point but because of the time that they've predicted, it's just too short of a timespan for bitcoin to reach that point.
the price of bitcoin 10 years ago (2011) was only around $1, and this year the price of bitcoin hit a high of around $60k. that means for 10 years the price of bitcoin has increased 60000%. but of course the journey of bitcoin price 10 years ago with the next 10 years is very different. for most people the current price of bitcoin is too high to invest. I don't think it's possible for bitcoin to cross $100M in the next 14 years.
Back in 2009, when Bitcoin was first traded (the first cryptocurrency exchange was New Libertystandard), the exchange rate was $0.001 per coin. So the current valuation represents a 50 million times increase from those levels. But IMO, percentage increase can be misleading, and we should be looking at the absolute increase instead. The market cap increased during 2009-21 period from $2,000 to $915 billion. However, a price of $100 million per coin would mean a market cap of $2 quadrillion, which is more than 2,000 times the current price levels.
I'm sure this is what they get after computing the the price every halving/bull run and the time interval each cycle but I have a doubt if Bitcoin would reach $100M after almost 15 years that sure a lot of money there. I'm sure there's a bit off about the price analysis that they didn't consider as a factor of changes that they overly estimate the price. Well, I think this is some kind of positive propaganda news to gather more people to invest and to increase adoption of Bitcoin but seriously though, people should do their own research first because investment is not that easy or a get-rich-quick in a small amount of time.
Overly optimistic to borderline delusional IMO, though still not impossible if ever massive inflation is to hit the world markets. Fidelity is known to give otherworldly predictions, so I’d say just let them be. Currently, bitcoin sits @ $49k a piece, when in fact just a decade ago it isn’t even worth a dollar. They could most probably be wrong on their predictions, but I can’t really tell that they are crazy or out of their minds because no one predicted that we will be where we’re at right now 10 years back.
Lets talk about $1M first before going $100M and if we do really mind off about being realistic then these numbers are just really a dream.We've been here for a decade even though adoption isnt still on full scale yet but reaching even $500k would already be almost an impossible.Somehow we do gradually climb up on the ladder and who knows if we do able to reach those numbers but based up on my own personal view
then $200-300k seems realistic on future years to come but going above $1M is already delusional imho which i do highly agree but well we do have our own personal views so lets just
respect into that.
Overly optimistic to borderline delusional IMO, though still not impossible if ever massive inflation is to hit the world markets. Fidelity is known to give otherworldly predictions, so I’d say just let them be. Currently, bitcoin sits @ $49k a piece, when in fact just a decade ago it isn’t even worth a dollar. They could most probably be wrong on their predictions, but I can’t really tell that they are crazy or out of their minds because no one predicted that we will be where we’re at right now 10 years back.
When the price of Bitcoin hit a whopping one cent, do you suppose anyone would have taken seriously the notion that in a little over just one decade's time the price of Bitcoin would have risen to its recent all time high of $ 65,000?
That's the $64,000 question...
That's the $64,000 question...
Makes entirely sense! Back when BTC was first released, its price was nowhere near a dollar. Remember the guy that sold 10,000 BTCs for a slice of pizza? I mean, who would have thought that its price would skyrocket in the following years?
I mean, $100M is too much for one to speculate given the circumstances of each trade that affect its price on the market. But if you thought about it very carefully, there is indeed that possibility for bitcoin to reach that kind of price but I doubt that it would be at the year 2035. One thing is for sure- better HODL your BTCs for a good 10 years!
I guess we'll just have to see if it's really going to happen. Remember that bitcoin reached 60k and not a lot of people expected that it will go to that point so I don't think that it's the best of us to doubt the numbers but given how large it is, I think it's unlikely that kind of number will happen at that timeframe.
Yeah, many didn't expected that there will be a higher ATH that will happen this year. We've only waited for bitcoin to reach $20,000 again and then it suddenly surpassed that price.Investing in bitcoin really requires a lot of patience, it's more than just a waiting game.
When the price of Bitcoin hit a whopping one cent, do you suppose anyone would have taken seriously the notion that in a little over just one decade's time the price of Bitcoin would have risen to its recent all time high of $ 65,000?
That's the $64,000 question...
That's the $64,000 question...
I can't say that they are nuts. Because we never know what Bitcoin can do in such a time period. However, it seems really not very probable to me for now. First of all, I wonder when Bitcoin price will be able to go over $1m price level. If it goes over this level and strengthens its place there, then it would be quite probable to see Bitcoin price at much higher levels. But still, I don't know whether a 14-year gap is enough to reach this high level.
I think 100 million per coin is nuts, but they're probably making this prediction intentionally because they want to pump the price as much as they can and profit from it (they are not a disinterested party), but like a few years ago, financial experts were saying Bitcoin would go down to zero (which is clearly an overstatement) because they thought they could kill it and keep doing their traditional investments safely. Even considering what dkbit98 is pointing out that 100 million in 15 years is not 100 million now, unless they mean that dollar would become pretty worthless and suffer from hyperinflation, I don't think Bitcoin will be worth that much.
Do not think of it like today. 100 years ago today there were houses sold for few bucks, sure there were still some houses going for thousands of dollars, but even the biggest house wasn't 100k, it was much much less than that, you got a whole mansion for 5k, and you could have gotten some wooden shed type place (where Abraham Lincoln was more) for under 100 bucks. Today houses start from 50k at the worst place ever and go for 50+ million dollars for those huge mansions, of course they are much better looking but that shows you the inflation.This is just houses we are talking about, people were living with 2-3 dollar salaries monthly, like 5 bucks was a good salary per month, now you need 5k not to be poor. This means 100 million dollars per bitcoin is not impossible, it is not a dream, it just something that will take a long time to reach, and by that time 100 million of that day will be similar to few million dollars of today.
the price of bitcoin 10 years ago (2011) was only around $1, and this year the price of bitcoin hit a high of around $60k. that means for 10 years the price of bitcoin has increased 60000%. but of course the journey of bitcoin price 10 years ago with the next 10 years is very different. for most people the current price of bitcoin is too high to invest. I don't think it's possible for bitcoin to cross $100M in the next 14 years.
I think 100 million per coin is nuts
A lot of people have said the same thing back then when bitcoin was still a dollar that it's crazy that bitcoin will ever go to a thousand dollars but it did so I don't see anything wrong with believing in that even if we think they're just trying to pump the prices. I think 100 million per coin is nuts, but they're probably making this prediction intentionally because they want to pump the price as much as they can and profit from it (they are not a disinterested party), but like a few years ago, financial experts were saying Bitcoin would go down to zero (which is clearly an overstatement) because they thought they could kill it and keep doing their traditional investments safely. Even considering what dkbit98 is pointing out that 100 million in 15 years is not 100 million now, unless they mean that dollar would become pretty worthless and suffer from hyperinflation, I don't think Bitcoin will be worth that much.
That's right, there's a lot to be learned from his words. Do you just want to find the stage? or take advantage? or is it purely a measurable prediction. On the other hand, I see if this is based on basic calculations then the 100 Million figure is based on the prediction of hyperinflation that hit the US so that the value of 100 Million will not be so meaningful in the next 15 years. What's more, almost all countries are printing large amounts of money, taking out loans for social funds makes the economic system quite bad for the future.
2035 is 14 years from now. There are so many possibilities that could happen in span of 14 years. Although i think $100M is a little bit exaggerated for a price of 1btc but it could happen. It's not really impossible given that bitcoin is limited. Maybe if you will apply the law of supply and demand, that could happen because in 14 years, let's say all bitcoin is already mined. There would be a very limited supply. The scarcity of it will make its price go higher and higher because many people will have an interest to buy it, but only a very few supply is available. Hence, price will start to pump until it reaches its peak value.
Back then, the price of btc is relatively low compared to its price today. Who would have thought it would pump that much? The believers are surely in a happy place for trusting the prediction and holding for this long (from its establishment until present).
Back then, the price of btc is relatively low compared to its price today. Who would have thought it would pump that much? The believers are surely in a happy place for trusting the prediction and holding for this long (from its establishment until present).
I think 100 million per coin is nuts, but they're probably making this prediction intentionally because they want to pump the price as much as they can and profit from it (they are not a disinterested party), but like a few years ago, financial experts were saying Bitcoin would go down to zero (which is clearly an overstatement) because they thought they could kill it and keep doing their traditional investments safely. Even considering what dkbit98 is pointing out that 100 million in 15 years is not 100 million now, unless they mean that dollar would become pretty worthless and suffer from hyperinflation, I don't think Bitcoin will be worth that much.
I guess we'll just have to see if it's really going to happen. Remember that bitcoin reached 60k and not a lot of people expected that it will go to that point so I don't think that it's the best of us to doubt the numbers but given how large it is, I think it's unlikely that kind of number will happen at that timeframe.
This was an interesting read. I think $100 million does sound a bit high, considering other forecast strategists that I follow have lower predictions.
However, it is very difficult to predict future valuations of such a transformational technology such as BTC.
It could perhaps reach levels that high in the future.
For example, if BTC is the dominant method of value exchange globally and fiat currencies are much less used then perhaps it is a reasonable projection that Fidelity is making in the article; I would need to do more research to be sure.
However, it is very difficult to predict future valuations of such a transformational technology such as BTC.
It could perhaps reach levels that high in the future.
For example, if BTC is the dominant method of value exchange globally and fiat currencies are much less used then perhaps it is a reasonable projection that Fidelity is making in the article; I would need to do more research to be sure.
Usually the predictions from the bullish supporters are theoretically possible. But in case of this particular prediction, it is not even theoretically achieve this figure. Let's examine. There will be around 20 million coins in circulation by 2035. Going by the rate of $100 million per coin, that means a market cap of $2 quadrillion, which is around 5 times the current global wealth. In order for this to happen, first the global wealth should increase by 20-50 times, and then Bitcoin should constitute a large fraction of that wealth.
The only way for this to become true is that we see huge levels of inflation all over the world but if that is the scenario that they are predicting then the number itself becomes meaningless as there is no way for us to know how much you will be able to buy with that amount of money in that scenario, so like you I think this is just one of those predictions that are not really intended to be taken as such and more than anything it is just a way to fuel the current bull market. 
I don't know what to think anymore, until not too long ago, professional investors either dismissed Bitcoin or said it was a scam, a ponzi scheme etc. Now it seems that they are changing their minds Saylor's style. In the case of Fidelity, it's not that they have changed their mind, as they started mining in 2014, but they have just come off the hook with a prediction that a couple of years ago would have seemed too crazy to us:
Fidelity Predicting $100 Million per Bitcoin by 2035
"...the firm is putting out bullish reports on Bitcoin and sees the leading digital asset hitting $1 million before this decade is over and a whopping $100 million by 2035.
This much hopium was difficult to digest for some as one Redditor noted, “Bitcoin is not gonna reach $100 million. That would give it a market cap of $2,100 trillion. The total wealth of the entire world is $418 trillion.”
I suppose that here they take into account inflation by massive printing, because otherwise it is simply impossible.
Fidelity Predicting $100 Million per Bitcoin by 2035
"...the firm is putting out bullish reports on Bitcoin and sees the leading digital asset hitting $1 million before this decade is over and a whopping $100 million by 2035.
This much hopium was difficult to digest for some as one Redditor noted, “Bitcoin is not gonna reach $100 million. That would give it a market cap of $2,100 trillion. The total wealth of the entire world is $418 trillion.”
I suppose that here they take into account inflation by massive printing, because otherwise it is simply impossible.
The great thing about this BTC technology is that every day it takes on more importance, it does not matter that they say that it is Bubble, times change, we are not in the 1800-1900s, which was when only the Wall Street market existed, now with all The innovation that there is, BTC not only represents technology, but also a totally deflationary economy, apart from that it has a great value in the speculative market, some think that it will take that value, sincerely I do.
I assume that the S2F model is valid, if a first target is forecast for $ 100k and the other at $ 288k, at the time of reaching the expected targets as they have limited validity, it would not surprise me that the next targets are for $ 1M or more, everything that has to do with BTC is possible.
I don't know what to think anymore, until not too long ago, professional investors either dismissed Bitcoin or said it was a scam, a ponzi scheme etc. Now it seems that they are changing their minds Saylor's style. In the case of Fidelity, it's not that they have changed their mind, as they started mining in 2014, but they have just come off the hook with a prediction that a couple of years ago would have seemed too crazy to us:
Fidelity Predicting $100 Million per Bitcoin by 2035
"...the firm is putting out bullish reports on Bitcoin and sees the leading digital asset hitting $1 million before this decade is over and a whopping $100 million by 2035.
This much hopium was difficult to digest for some as one Redditor noted, “Bitcoin is not gonna reach $100 million. That would give it a market cap of $2,100 trillion. The total wealth of the entire world is $418 trillion.”
I suppose that here they take into account inflation by massive printing, because otherwise it is simply impossible.
Fidelity Predicting $100 Million per Bitcoin by 2035
"...the firm is putting out bullish reports on Bitcoin and sees the leading digital asset hitting $1 million before this decade is over and a whopping $100 million by 2035.
This much hopium was difficult to digest for some as one Redditor noted, “Bitcoin is not gonna reach $100 million. That would give it a market cap of $2,100 trillion. The total wealth of the entire world is $418 trillion.”
I suppose that here they take into account inflation by massive printing, because otherwise it is simply impossible.
There were some people who predicted that Bitcoin would surge, and reach $1,000 during 2012, I believe others predicted more than $1,000 which could make anyone “not know what to think anymore. Are we back in that situation again?
Expect this as many people or institution trying to became relevant or want to create a noise and get a free publicity to the bitcoin users community that's why some other like this release a high price prediction so that there name will also be mentioned for their released speculation. But lets stick to reality and provably we will not see that price as that figures is so expensive to be bought by many people and I think the demand will get affected if the price surge so high as people cannot afford it anymore.
I too, honestly, don’t know what to think anymore. I’m not debating anything about price, how high or how low. ai’m merely saying that we might be in the same situation as the OGs of 2012.
Nonsensical prediction. Anyone can make such wild predictions. Nuts is the appropriate answer to this question in my opinion. Would you call me nuts if I predicted that BTC would drop to a $1 by 2035?
Honestly, after all the rallies and crashes over time, I learnt that the current price of BTC matters more than its past price or future price(Present matters more than the Past and Future).
Honestly, after all the rallies and crashes over time, I learnt that the current price of BTC matters more than its past price or future price(Present matters more than the Past and Future).
Yes, but if we were in 2012, we would also call someone who predicts Bitcoin will be more than $10,000 nuts too.
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