Isn’t it already at $100k at the moment? To me, it is. I am pretty sure btc sells for more than $100k in some parts of the world or on some exchanges. Michael didn’t have to make this prediction anyway. We all know he is the one who drives the prices up. He is borrowing money and selling microstrategy stocks to buy more bitcoin and when bitcoin goes up, it enables them to borrow more and buy even more btc. If this brilliant strategy works for another year, bitcoin will even hit a million dollar price tag.
Buckle up.
Captain Saylor is taking us to the Mars before Elon.
Topic: MicroStrategy is predicting BTC will hit $100kby the end of the year. - page 4. (Read 627 times)
November 21, 2024, 02:47:58 AM
November 21, 2024, 02:42:48 AM
The price does matter only if you plan to exchange the BTC back to FIAT.
If not, then Bitcoin has the exact same value that it used to have at $15k.
If I could make a "prediction", then it would be that long-term Bitcoin can reach a higher market cap than Gold, which means that Bitcoin can be worth approximately $15T.
With this price, then each Bitcoin could be worth approximately $700k.
I am saying this because people -generally, not you- have a terrible idea of what Bitcoin could be worth.
Reaching $1M per Bitcoin is great, but you can see that in order for it to happen, Bitcoin must surpass Gold, which, in my opinion will take a long time to happen.
Our goal should be to achieve global Bitcoin adoption. If we could accomplish that, then Bitcoin would reach $1M before we know it.
If not, then Bitcoin has the exact same value that it used to have at $15k.
If I could make a "prediction", then it would be that long-term Bitcoin can reach a higher market cap than Gold, which means that Bitcoin can be worth approximately $15T.
With this price, then each Bitcoin could be worth approximately $700k.
I am saying this because people -generally, not you- have a terrible idea of what Bitcoin could be worth.
Reaching $1M per Bitcoin is great, but you can see that in order for it to happen, Bitcoin must surpass Gold, which, in my opinion will take a long time to happen.
Our goal should be to achieve global Bitcoin adoption. If we could accomplish that, then Bitcoin would reach $1M before we know it.
November 21, 2024, 02:36:57 AM
Well, it looks like they’re onto something because Bitcoin has already surged to $97k! That’s just $3k shy of their prediction, and guess what, it’s not even the end of the year yet. Heck, it’s not even the end of the month, with 9 days left before flipping the calendar. After that, we’ve got a whole 31 days to hit or surpass that target.
Honestly, their prediction seems conservative at this point. With the momentum we’re seeing, December could be even more bullish. Let’s enjoy the ride and see what’s ahead!
$100,000 is a round number and it is like $10,000 in the past, it will be very strong resistance and barrier for Bitcoin to break. There are many possibilities for Bitcoin to break it.Honestly, their prediction seems conservative at this point. With the momentum we’re seeing, December could be even more bullish. Let’s enjoy the ride and see what’s ahead!
The perfect one is breaking it with a first try. That would be massive but don't feel bad if Bitcoin fails to break it with its first attempt.
The another possibility is Bitcoin will try one, two or three times and eventually will succeed to hit and break $100,000. This scenario is what I believe will happen.
Either what will come true, I believe Bitcoin will break out from $100,000 and make its ATH for this cycle higher than that. We have one more year for bull run, a lot of time for many ATHs in future.
When will $100,000 be broken, honestly I really don't mind it will happen in 2024 or in 2025.
November 21, 2024, 02:30:11 AM
Other than being a psychological barrier, there is not much difference between $97,000 and $100,000 if we compare it to $15,000 (the bottom of the cycle), $60,000 (the previous peak), or even the levels at the beginning of the year at $70,000. We will hear a lot of predictions but no one can predict the price direction, all that can be said is that we have not yet reached the highest peak where positive news continues for several days without any negative news.
November 21, 2024, 02:19:20 AM
---MicroStrategy Executive Chairman Michael Saylor expects Bitcoin to hit $100,000 by year-end, citing the US election outcome as a major catalyst.
---Bitcoin reached an all-time high above $93,200 on Wednesday, shortly after the US CPI report.
---MicroStrategy said on Monday that it bought an additional $2.03 billion in Bitcoin, increasing its total holdings to 279,420 BTC.
---Bitcoin reached an all-time high above $93,200 on Wednesday, shortly after the US CPI report.
---MicroStrategy said on Monday that it bought an additional $2.03 billion in Bitcoin, increasing its total holdings to 279,420 BTC.
Well, it looks like they’re onto something because Bitcoin has already surged to $97k! That’s just $3k shy of their prediction, and guess what, it’s not even the end of the year yet. Heck, it’s not even the end of the month, with 9 days left before flipping the calendar. After that, we’ve got a whole 31 days to hit or surpass that target.
Honestly, their prediction seems conservative at this point. With the momentum we’re seeing, December could be even more bullish. Let’s enjoy the ride and see what’s ahead!
Jump to: