Cathie wood says 1 btc $1m by 2030 how possible?

qwertyup23

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Quote from: bitbollo on November 27, 2022, 06:26:04 PM

these forecasts are always interesting Roll Eyes

but I wonder... are these based on specific analyses? Did she provide any details on how she arrived at this rating?
she is talking about such a large increase in value compared to actual values, that it really takes a certain imagination to think of something like this...

ok we are all optimistic and confident about this technology, but will 8 years be enough to have these economic values?

I do think that her guesses are more speculative than analytic, given that she has not provided any concrete evidence or at least basis on her statement on why she concluded that 1 BTC would reach $1m by 2030. If there is one thing that is certain, it is that the next halving will happen on the year 2024. We could expect its price to skyrocket, but I doubt that it will reach $1m anytime soon.

But to be honest, who would ever know what the price of BTC may be? She could either be genius or crazy but one thing is for sure- better HODL your coins if you really plan on investing long-term.

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Quote from: rodskee on December 27, 2022, 03:40:44 AM

Now I am confused if I had to sell all my holdings in 2024-2025 (halving season) or will be waiting for the next one? Grin

this made me think of being greedy to expect that coming lol.

but even if? I will still trust bitcoin to be my Holding either till that time or before , but this is one of the most positive comment towards bitcoin in this bearish market to make people believe on its coming years .

You can sell some or half of your hodlings but I think a better approach would be to sell all your BTCs on the year of 2024-2025 when BTC hit $100k and then buy when it dumps again. I am sure it will dump after a year, like on what we experienced before. $1m for BTC seems very juicy so who wouldn't be greedy when this event came in?

However, we should control it because too much of it isn't good anymore. Maybe it will make us loan for more money to buy more BTC thinking there will be more to come but we will only lose the loan because like I said earlier, a dump can usually happen right after a pump. I know it can recover but it's not going to be easy.

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Her projection is mere FOMO, if you asked me. I know that no one is likely to deem it fit to complain about that because we all want Bitcoin to soar in price. However, if it were the other way round, a lot of people would call her hater for causing FUD. Now, about her projection; I don't see Bitcoin price getting to that price in 2030 as she mentioned. Bitcoin has two more halving circles to that time from now. I see Bitcoin hitting above $100k in the next halving coming up in 2024 and then we expect a bear season that will drop price until the next halving in 2028 where we can find price above $200k or may be $300k if all things go according to plans. So, how can that huge gap to $1m be achieved? Yeah, I know this is cryptos and anything can happen but I don't sincerely see $1m happening.

kamvreto

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Quote from: $crypto$ on December 27, 2022, 12:35:14 PM

We don't know about the upcoming cycle but history always proves the growth of bitcoin is very fast after Halving, but we never know if bitcoin will reach a price of $1,000,000 in 2030?
Don't be too confused if in 2024/25 bitcoin is pumped again with new ATH we can sell to enjoy the profits we have gotten so far and bitcoin will definitely be bearish again if you look at the previous cycle, there you can buy again at a low price, but indeed if the HOLD is longer it would be better because it has been holding strong for 8 years.

Is it not too far to expect Bitcoin to reach ATh $1,000,000 by 2030? but indeed no one will know what the future of bitcoin actually is, but that price still doesn't make sense. at the moment we are still focusing on bitcoin's new ATH which will probably reach $100k before the 4th halving occurs. 2024/25 will be a possibly good year for bitcoin, but for now, bitcoin is still in a bearish position. Just need to be patient and buy bitcoin gradually and then hold it for the long term.

$crypto$

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Quote from: rodskee on December 27, 2022, 03:40:44 AM

Now I am confused if I had to sell all my holdings in 2024-2025 (halving season) or will be waiting for the next one? Grin

this made me think of being greedy to expect that coming lol.

but even if? I will still trust bitcoin to be my Holding either till that time or before , but this is one of the most positive comment towards bitcoin in this bearish market to make people believe on its coming years .

We don't know about the upcoming cycle but history always proves the growth of bitcoin is very fast after Halving, but we never know if bitcoin will reach a price of $1,000,000 in 2030?
Don't be too confused if in 2024/25 bitcoin is pumped again with new ATH we can sell to enjoy the profits we have gotten so far and bitcoin will definitely be bearish again if you look at the previous cycle, there you can buy again at a low price, but indeed if the HOLD is longer it would be better because it has been holding strong for 8 years.

Nrcewker

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Quote from: bitbollo on November 27, 2022, 06:26:04 PM

these forecasts are always interesting Roll Eyes

but I wonder... are these based on specific analyses? Did she provide any details on how she arrived at this rating?
she is talking about such a large increase in value compared to actual values, that it really takes a certain imagination to think of something like this...

ok we are all optimistic and confident about this technology, but will 8 years be enough to have these economic values?

Yes with these predictions some evidence was really required to conclude this. Moreover to be honest, anything and everything possible. I mean at first No one believed 1 BTC will someday cost 69k usd, but we did touch it right? Similarly BTC might reach 1 Million USD soon, and then we might have other predictions also. But yes as you have said some analysis and proofs would have really helped people to believe on these estimations.

rodskee

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Now I am confused if I had to sell all my holdings in 2024-2025 (halving season) or will be waiting for the next one? Grin

this made me think of being greedy to expect that coming lol.

but even if? I will still trust bitcoin to be my Holding either till that time or before , but this is one of the most positive comment towards bitcoin in this bearish market to make people believe on its coming years .

CryptoBuds

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Quote from: len01 on December 27, 2022, 02:03:52 AM

Quote from: Adbitco on November 22, 2022, 07:31:20 PM

Quote

Cathie wood tells bloomberg she thinks 1 bitcoin will worth a million dollars by 2030

-snip

nothing is impossible for bitcoin to reach $1 million but I don't know when it will happen but some people are too quick to take the gamble. to me it's normal when someone overestimates the price of bitcoin and it's not bad to have faith that it will happen. but what makes all of that look bad is that it's too soon for 2030 to reach $1 million.

I also believe bitcoin hitting $1 million is possible, but in such a short time, it would be a challenging task for bitcoin.
In the past, bitcoin could grow thousands of times from $0.01 to several thousand dollars in a few years, that was when bitcoin's market cap was small. But as bitcoin's market cap gets bigger, it's not easy to achieve thousands of percent growth in a short time. Not just in bitcoin but with any asset class, the larger the market cap, the lower the volatility.
But the belief that 1btc = 1 million dollars is worth looking forward to in the future.

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Quote from: len01 on December 27, 2022, 02:03:52 AM

Quote from: Adbitco on November 22, 2022, 07:31:20 PM

Quote

Cathie wood tells bloomberg she thinks 1 bitcoin will worth a million dollars by 2030

-snip

~but what makes all of that look bad is that it's too soon for 2030 to reach $1 million~.

Well from the view is almost 8 years to come and looking at the previous ATH then you may decides if is possible and we still have about exact 2 halving ahead to this, possibly we may get closer to +$700k by then or just $1m. I like the fact you said anything is possible so let just watch and see but if i were anyone else i would still buy more BTC, although from my understanding she was like "guessing" because there is no certainty with her words.

len01

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Quote from: Adbitco on November 22, 2022, 07:31:20 PM

Quote

Cathie wood tells bloomberg she thinks 1 bitcoin will worth a million dollars by 2030

-snip

nothing is impossible for bitcoin to reach $1 million but I don't know when it will happen but some people are too quick to take the gamble. to me it's normal when someone overestimates the price of bitcoin and it's not bad to have faith that it will happen. but what makes all of that look bad is that it's too soon for 2030 to reach $1 million.

STT

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It could be priced at a million by next year, we dont need next decade even as any price is possible. The main point to take away about price instability is it actually causes a large amount of damage, prices are not the finish line or the prize in an economy you want actual useful business and a society that benefits from that useful performance of a working efficient economy. Fast prices just means we are slipping and inaccurate in our description and assurance of prices, this is a 'disorderly market' as the FED would put it.
1m of 2030 wont be the 1m you see in 2022, it means the currency has likely failed. Even 7% loss per year of value results in half gone after a decade, thats a leaky bucket and it will disrupt companies, markets & losing jobs. Not quite the positive it appears imo

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Quote from: Pejoh Asu on December 01, 2022, 08:25:00 AM

If Bitcoin can last until 2030 or about 7 years then I'm sure the price will skyrocket, now we face a serious challenge, namely the speculators and exchanges who can control prices, if the owner of Bitcoin is not too dominant and pure from the community then I'm sure Bitcoin will be Difficult to drop as happened this year.

Lasting or not then there's no way on knowing the future and this is what makes things you would be thinking and having doubts whether you would go all in or put huge amount on crypto investment or not.

We do have this a million dollar/for 1 bitcoin talks is never been new, lots had been that too optimistic when it comes to that price point which i could say that it is really that too hopeful and too unrealistic.
Its better not to make yourself that much optimism because if the price didnt able to hit up that point based up on what you had predicted or anticipate then you would really be getting that disappointed.
Its better if you would really just deal up with things on what we are facing now and dont overlooked that much so that you would get that annoyed nor really that impulsive if ever
things didnt really go on what you do expect.Lots of things that you could really be hearing up with this and those speculations whether that optimistic or pessimistic then its
not something new.

cryptomaniac_xxx

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Quote from: Pejoh Asu on December 01, 2022, 08:25:00 AM

If Bitcoin can last until 2030 or about 7 years then I'm sure the price will skyrocket, now we face a serious challenge, namely the speculators and exchanges who can control prices, if the owner of Bitcoin is not too dominant and pure from the community then I'm sure Bitcoin will be Difficult to drop as happened this year.

What do you mean? of course, I doubt that bitcoin will suddenly died in the next 7 years. The thing we should look is how many block halving do we need to be able to get to the point wherein all bitcoin have almost been mine, or least 99% of it and that 1% could last till 2140 or the last time that we will see block halving.

So most probably in the next 3-4 halvings, we will have that data and maybe that time, the price could shoot up to $1 Million, who knows.

We just have to go to a lot of phase though and have a lot of patience to stay in this market.

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If Bitcoin can last until 2030 or about 7 years then I'm sure the price will skyrocket, now we face a serious challenge, namely the speculators and exchanges who can control prices, if the owner of Bitcoin is not too dominant and pure from the community then I'm sure Bitcoin will be Difficult to drop as happened this year.

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Quote from: redsun114 on November 27, 2022, 12:22:02 PM

20 to 30 trillion is a lot but we should know that the adoption rate for btc is not at its fullest yet. There must be a lot of countries who are not yet involved in btc. Imagine if all of them allow btc one day and make it as a legal tender? Then I think we can be at least close to that target price by cathie and some people here in the forum. For you and me, we only have a small goals for btc. That would be a hundred thousand dollars or two while I don't believe that it will take 8 years for it to happen.

Maybe it will occur 4 to 5 years from now. Those who assume for $1m or even $500k for btc are I think going to be itchy to sell when they see btc touch that levels although they can always buy again at the dip and hodl for another higher price target.

It seems possible there are some other countries which may be interested in allowing a higher level of freedom so their citizens can use bitcoin on their territory, but at the same time they do not want to make a move, make a mistake and then be criticized by their citizens.

So I think there are countries which are observing very closely what it is happening at El Salvador, and if bitcoin gains traction there and people begin to use it in their everyday lives then they could eventually adopt bitcoin and make it legal tender.

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these forecasts are always interesting Roll Eyes

but I wonder... are these based on specific analyses? Did she provide any details on how she arrived at this rating?
she is talking about such a large increase in value compared to actual values, that it really takes a certain imagination to think of something like this...

ok we are all optimistic and confident about this technology, but will 8 years be enough to have these economic values?

Vaskiy

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Quote from: gantez on November 27, 2022, 06:16:34 PM

I think that is not possible to do. The 2030 looking far in the future but what is remaining in that is about 7/8 years and now price is down, no volatility for now. What matter also is halving, apart from the expected halving soon we are only to see one more halving before 2030 so how will the price get that high ?

From the present date we've got two more halving. Within the time period such a big growth can't happen with bitcoin. The adoption and real time usage over the years will increase, but the same won't push the price to such an extent.

Anything beyond certain value will be under trouble. In that way reaching specific price will be good to the community as well as to the network. Beyond that it'll turn to be problematic in some way.

STT

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Its a balance of optimism beyond the current horizon and also not accounting for the possible depreciation of currency overall and possibly the Dollar especially. If we had a change from the current massive focus on dollar reserve even to a more balanced accounting for global usage outside of the west it'd be an epic change. Generational change, tectonic movement in the world trade balance and its possible within our time right now but whose to say when really.
Cathy is willing to pick the top estimate price and it makes for a great headline, I dont mind her discussion but I dont currently rate her as anything significant certainly she failed to hedge the pullback which (active) funds in theory would do if possible.

I feel obliged to post this chart as a resource because its a good idea to exclude the whole politics and interference in value from government that comes via pricing in purely one nations currency when obviously BTC is worldwide and its value has to be from that expanding dynamic. So I think gold should be a more consistent valuation for going forward 8 years in estimation

gantez

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I think that is not possible to do. The 2030 looking far in the future but what is remaining in that is about 7/8 years and now price is down, no volatility for now. What matter also is halving, apart from the expected halving soon we are only to see one more halving before 2030 so how will the price get that high ?

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Quote from: Chato1977 on November 26, 2022, 06:42:35 AM

Quote from: justdimin on November 25, 2022, 06:34:22 AM

Also, we need to realize that 2030 is long way down the road and that’s why it’s not that easy to handle, I would guess that it could still potentially happen, that is nearly 7 years away and considering bitcoin could grow a lot, we are talking about nearly 50-60x increase and in 7 years that could very well happen. We just need to start growing, but 2 big bull runs could cause it for sure.

but how much capitalization must bitcoin have before this price goal reached? trillions of dollars in bitcoin itself?
well we almost reached a trillion last year but for this to happen at least 20-30 trillion bitcoin capitalization for this to happen.
but of course we must not lose hope as I am holding for this to happen , but also I will be contented if bitcoin just take 200k in 8 years time from now.

People are just too optimistic considering that those prices or value isnt really something that could be reached out on a short span of time or even on our lifetime.This is why its better not to make

yourself that hopeful so that you wont really be stressing out yourself nor get that frustrated if the price didnt hit up that point.Its not bad on being optimistic but be sure to be at least to be realistic.

Basing up on those numbers or simply talks about capitalization then it isnt something that you could say that it would be reached out easily.
So dont make yourself that in a hurry because it would really just make you desperate.

Topic: Cathie wood says 1 btc $1m by 2030 how possible? (Read 804 times)