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Topic: The BTC to $1M thread - page 3. (Read 1353 times)

legendary
Activity: 2898
Merit: 1823
December 03, 2024, 10:20:37 AM
#55

I just found another one, who may have been the first to predict that bitcoin would reach $1M, our beloved Hal Finney.




It was probably a very different environment during 2011 - 2012 for a respected developer to make a prediction that Bitcoin could be a "dominant currency". But currently, because of Bitcoin's technical limitations, we could truly say that as a "currency" it might not become the most "dominant", but as an investment or a Store of Value, it could be.

What does everyone believe Hal Finney would say if he was alive today?

   ¯\_(ツ)_/¯

sr. member
Activity: 616
Merit: 414
December 03, 2024, 09:24:48 AM
#54
I remember seeing a Facebook post a long time ago that a guy was asking everyone to use freebitco. in the website and claim hourly faucets every day. The price of Bitcoin was around $5K to 6K, but according to him, Bitcoin would maintain a $3K on average, and we should claim the hourly faucet every day to start earning Bitcoin. I don’t remember how much the reward was; probably, it was 100 Satoshi per claim. Most comments were negative at that time. People call him crazy for such an idea. His target was to claim faucets for years and sell them if Bitcoin reached 30K. But look at the market now. I don’t think I ever believed Bitcoin could get where it is today. I am being honest; I understand that nothing is impossible. But $1M seems too far. Once again, I would be happy to be proved wrong.

That's the the things, it wasn't very easy to believe then that Bitcoin will reach where it is today, many of us were very skeptical about the whole thing, as a matter of fact many people had the opportunity to earn bitcoin for free but missed such opportunity because of doubt and in real sense we wont blame ourselves much because of some circumstance, lets not forget that some people has been scammed in different stuffs and i think the negative comments that was coming to the post made by that guy as you said was as a result of may be lack of awareness or may be as a result of previous experience being faced by people in some other things related to that, though this is a lesson learnt and it's also a head straight up that not everything that should be attributed as a scam irrespective of the encounter we have had in the past, there is no harm in trying new things out but with utmost carefulness.

As far as Bitcoin has been able to reach the price  at which it is presently which many of us doubted earlier, it is a matter of time and consistency on our own side, Bitcoin is futuristic that's why we should also have that mindset that it will reach $1M in the nearest future.
hero member
Activity: 2730
Merit: 632
December 03, 2024, 08:37:19 AM
#53
Quote
All of this we already know can unleash, and is already unleashing, institutional FOMO, leading to supply shock. This has led prominent figures such as Adam Back, creator of Hashcash and quoted in the White Paper, to say that if the strategic reserve goes ahead we should prepare for a 7 figure bitcoin this cycle. There are other characters, perhaps not as relevant but with public influence, who are in the same line, such as Samson Mow.

In any case as of today $1M per bitcoin no longer seems crazy, it no longer seems so far away, and I am creating this thread for us bitcointalkers to share experiences along the way.

Even with the current "institutional FOMO" the price fails at getting above 100K. It dropped down to 94K after several days of moving in the 95-97K range. The crypto world has slowly turned into a joke. Most Bitcoiners were anti-bank and anti-goverment, and now they are praying for the banks and the US government to pump the price to one million dollars. Some wise guy once said "money is what makes a man act funny". Yes, it is possible for BTC to hit one million, but if you ask me, the day Bitcoin hits one million would be the day the US dollar becomes as useless as toilet paper.
Do we really believe that this is already the extreme extent of institutional funds that flows into this market? I think not, pretty sure it will really be just that only a few percentage on what they are really that capable of. Also, if we do try to look up on other markets on which institutional funds is flowing through then we can be able to see on how big it is. Why cant Bitcoin or crypto market will really be not able to do so?
We are just that starting if we do speak about that huge adoption specially now that government,billionaire,institutions are now considering out Bitcoins existence and relevance. We do know their financial capacity and really just that simply trying out to be silent but actually having some huge plans on whats ahead. Well, this is really just that an anticipation and hopes on which it could also potentially happen.
Going back into those previous cycles on where prices is sitting around $10-19k price all time high on that point on which people been already talking about million a coin price on which there are tons of people who had been that saying that it was unrealistic and having that hopium, on which i could say that im included into those people who had been having those kind of perceptions and views too. Now that we are sitting around almost $100k then hitting up another x10 into its price wont really be that too hard or that impossible Of course it will really be still speculative and since we are on a speculative space then numbers will really be that sky is the limit. This is why whenever someone do tell about price predictions then any number would do even if it do looks that close to impossible but everything could happen on crypto space.
hero member
Activity: 3234
Merit: 941
December 03, 2024, 06:30:39 AM
#52
Quote
All of this we already know can unleash, and is already unleashing, institutional FOMO, leading to supply shock. This has led prominent figures such as Adam Back, creator of Hashcash and quoted in the White Paper, to say that if the strategic reserve goes ahead we should prepare for a 7 figure bitcoin this cycle. There are other characters, perhaps not as relevant but with public influence, who are in the same line, such as Samson Mow.

In any case as of today $1M per bitcoin no longer seems crazy, it no longer seems so far away, and I am creating this thread for us bitcointalkers to share experiences along the way.

Even with the current "institutional FOMO" the price fails at getting above 100K. It dropped down to 94K after several days of moving in the 95-97K range. The crypto world has slowly turned into a joke. Most Bitcoiners were anti-bank and anti-goverment, and now they are praying for the banks and the US government to pump the price to one million dollars. Some wise guy once said "money is what makes a man act funny". Yes, it is possible for BTC to hit one million, but if you ask me, the day Bitcoin hits one million would be the day the US dollar becomes as useless as toilet paper.
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
December 03, 2024, 05:12:44 AM
#51
It's really a matter of when. It's going to surpass $1M, and $10M and $100M hopefully within my lifetime.

It's simple why. There are $900T in global asset value[1], many of which sit in real estate, stocks, gold, arts and bonds, for the sake of preserving capital. These instruments have risk factors, like regulation, taxation, political influence, weather, currencies, bonds and stocks have counterparty risk etc., all of which dilute capital. They will soon understand that in cyberspace, there are no such risk factors. So they will convert their capital to bitcoin. Just 1% of that capital, when converted to bitcoin, can drive the price to $1M.

[1] https://www.onceinaspecies.com/p/bitcoins-full-potential-valuation
hero member
Activity: 1316
Merit: 379
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December 03, 2024, 03:28:39 AM
#50
In any case as of today $1M per bitcoin no longer seems crazy, it no longer seems so far away, and I am creating this thread for us bitcointalkers to share experiences along the way.

I remember seeing a Facebook post a long time ago that a guy was asking everyone to use freebitco. in the website and claim hourly faucets every day. The price of Bitcoin was around $5K to 6K, but according to him, Bitcoin would maintain a $3K on average, and we should claim the hourly faucet every day to start earning Bitcoin. I don’t remember how much the reward was; probably, it was 100 Satoshi per claim. Most comments were negative at that time. People call him crazy for such an idea. His target was to claim faucets for years and sell them if Bitcoin reached 30K. But look at the market now. I don’t think I ever believed Bitcoin could get where it is today. I am being honest; I understand that nothing is impossible. But $1M seems too far. Once again, I would be happy to be proved wrong.

He had a vision of what Satoshi was trying to do and the potential of the coin he created that's what many Bitcoiners back then didn't have, I'm pretty sure lots of us didn't believe in Bitcoin at the early stages and even thought it was a new scam back then but here we're, even critics are now embarrassing and those who called him crazy would even bought as much as possible back then when they saw increase but come to think of it, I hope he didn't sell at 30k cause he'll still regret doing that, it's just like some people I know currently who've set their target of selling for when Bitcoin gets to 100k, and it makes me wonder if they think 100k is the highest figure Bitcoin could attain. Well, if they've been holding for over 4 years and more then it's their choice to sell some portions of their coin if not they'll be making a very big mistake if they sell at 100k, Bitcoin’s potential is not something that should be surprising to anyone, it would get past 100k and even 1M but above 100k is more realistic currently than 1M, maybe just maybe we'll see it get to 1M in 10-20 years time.
STT
legendary
Activity: 4102
Merit: 1454
December 03, 2024, 01:28:56 AM
#49
Normally your estimation would be correct but the situation is not static.   Even if BTC never gained another user again, it only stayed flat with no special growth even with population growth even in this scenario the price grows.

The reason why price grows is that nominally the figure is separate from value.   If I agreed to swap your house for bars of gold and we agreed 40 bars maybe, then next day I come back to swap for silver bars instead even with nothing much changed the bars as a number is at least going to double or more.   I come back soon after and its bars of copper I will offer you each time the number is going up but its the same house.
  Gold copper or silver are and always will be unique & useful, Dollars too will be useful currency in ten or twenty year but its clear which direction we're heading.

This is the scenario for BTC the way we are trying to value Bitcoin is going down each time we look.  Dollar 2024 is separate to prior years and certainly a decade ago, I think we've lost half the currency value over 20 of the last years and similar is true in most countries.  

Simple take is the price goes up as BTC is inverse to Dollar, its not got the same dynamics to its supply.   Even gold silver or copper will have a supply chain where the minute the price goes many factors of supply will jump on the bandwagon to produce more where as BTC fixes its supply regularly to stop any excess production.
  It all adds up create these large numbers and only people like Finney recognized the iterative process results & really saw it crystal clear I guess, he was a member on this forum if I remember right.
hero member
Activity: 462
Merit: 767
Instant cryptocurrency exchange with own reserves!
December 03, 2024, 12:59:08 AM
#48
In any case as of today $1M per bitcoin no longer seems crazy, it no longer seems so far away, and I am creating this thread for us bitcointalkers to share experiences along the way.

I remember seeing a Facebook post a long time ago that a guy was asking everyone to use freebitco. in the website and claim hourly faucets every day. The price of Bitcoin was around $5K to 6K, but according to him, Bitcoin would maintain a $3K on average, and we should claim the hourly faucet every day to start earning Bitcoin. I don’t remember how much the reward was; probably, it was 100 Satoshi per claim. Most comments were negative at that time. People call him crazy for such an idea. His target was to claim faucets for years and sell them if Bitcoin reached 30K. But look at the market now. I don’t think I ever believed Bitcoin could get where it is today. I am being honest; I understand that nothing is impossible. But $1M seems too far. Once again, I would be happy to be proved wrong.
legendary
Activity: 1372
Merit: 2017
December 02, 2024, 11:35:20 PM
#47
I just found another one, who may have been the first to predict that bitcoin would reach $1M, our beloved Hal Finney.



He even predicted it would reach $10M, but we'll leave that for another thread.
legendary
Activity: 2464
Merit: 1387
November 29, 2024, 03:36:28 AM
#46
I've been thinking about opening this thread for a while now and I finally decided because I think it is now abundantly clear that this is not a question of whether the price will reach $1M, but when it will.

The first one that I can remember who said it with public resonance was the one who said that if the price didn't reach $1M by the end of 2020 he would eat his dick on national TV. Then we know how it turned out. I don't know if those of you who have been on the forum and in the bitcoin world longer remember any public figure or anyone on the forum talking about that possibility before McAfee. If so, say so and I'll post it in the OP.

Although it came later than McAfee's (rest in peace) crazy prediction, I think PlanB's Stock-to-Flow model was one of the first I remember seeing to hint at a potential $1 million Bitcoin. While I don't think he specifically mentioned a $1 million price target, his model definitely suggested that Bitcoin could reach that kind of crazy number during this bull cycle, before the next halving. It was pretty exciting to see the potential!

In any case, after a disappointing 2020-24 cycle in terms of returns, where we started to talk about institutional adoption but it was much lower than expected, now it seems that institutional adoption is really starting. Michael Saylor is buying bitcoins for MSTR as if there is no tomorrow, the US president-elect promised to create a bitcoin reserve with the ones they already had but the Cynthia Lummis proposal to build up the reserve by buying bitcoin, up to 1 million in 5 years, has quite a few signs of becoming a reality, as there are 269 congressmen and senators in the US who are pro-crypto. Not only that, the US president-elect's appointments so far to his cabinet are mostly pro-bitcoin, people who have publicly stated that they have bitcoin holdings.

All of this we already know can unleash, and is already unleashing, institutional FOMO, leading to supply shock. This has led prominent figures such as Adam Back, creator of Hashcash and quoted in the White Paper, to say that if the strategic reserve goes ahead we should prepare for a 7 figure bitcoin this cycle. There are other characters, perhaps not as relevant but with public influence, who are in the same line, such as Samson Mow.

In any case as of today $1M per bitcoin no longer seems crazy, it no longer seems so far away, and I am creating this thread for us bitcointalkers to share experiences along the way.

I am sorry but it is this small minded thinking that holds people back.

1million a btc is not the goal here.

1 dollar a sat by 2030 is the goal.

open your mind to that as our reality.

1 dollar a sat by 2030. Said here on your thread that only wants a piddling 10 cents a sat.


Please realize all of the above is just joshing as to even think I will see a dollar a sat by 2030 is an amazing thought for me to manifest.

Jeez I havent even considered 1 Satoshi = $1 in a very long time, I think
someone mentioned it a few years ago (but not in a serious way)

But yes why not - I'm sure back in the early years some people would ask
"Who the hell is going to pay $100,000 for a Bitcoin?" well here we are. Same
applies I suppose to any price point from now to $100,000,000 in the future.

We have to celebrate the big milestones, when we approach $1,000,000 there
will be a $100,000,000 thread!!
copper member
Activity: 2310
Merit: 609
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November 28, 2024, 10:55:02 PM
#45
I don't have any predictions or thoughts on when bitcoin will hit $1 million because that's too hard but I agree with you that it won't be easy to get there. 10x growth from now on is not as easy as before because bitcoin's market capitalization has reached trillions of dollars, and trillions of dollars is a very big number, not as small as people think.
I am surprised that people still apply exponential growth model to bitcoin and expect it to give them x5, x10 profit in just 3 to 5 years. This can easily be applied to small cap assets but with assets that have become huge like bitcoin, we cannot apply it. People are getting a bit delusional and setting their expectations too high and unrealistic.

You look a bit pessimistic, my friend. Have you heard the news about bitcoin since the US election? A gigantic increase in demand you do not take into account? USA will probably buy 1 million bitcoins for 5 years. Brazil wants to implement a strategic reserve as well. Smaller countries like Argentina or Morocco have just passed bitcoin friendly legislation. MSTR has bought 150,000 bitcoins this year, with one more purchase it will have bought as much or more than the bitcoins expected to be mined next year (165,000) and this has only just begun.

That's why there are reputable people like Adam Back (who is not a nut like McAfee) saying that we can reach 7 figures this very cycle.

I'm not pessimistic but I like to look at things realistically. I also know about the news you are referring to: Trump's idea of ​​turning Bitcoin into a strategic reserve or most recently Brazil, or ETFs and MSTR continuously buying Bitcoin in large amounts. All of this makes me hopeful that we will have a super cycle and bitcoin price will skyrocket and bticoin capitalization can reach trillions of dollars. But for me, bitcoin reaching $20 trillion is unrealistic because that's a huge amount of money.

What I wonder is where are we going to get the $20 trillion to push Bitcoin to $1 million even with the involvement of the US and Brazilian governments. Brazil is one of the 10 largest economies in the world but did you know their GDP will only reach 2 trillion by 2023? Meanwhile, the US only intends to buy 1% of the bitcoin supply, meaning they would be willing to spend $100-200 billion on bitcoin. Not to mention, these are all just ideas and there is no guarantee they will come to fruition.
hero member
Activity: 882
Merit: 501
November 28, 2024, 11:20:38 AM
#44
Also, one thing I find strange is that all these experts predict bitcoin price to hit $1 million or $10 million. But I have never seen them give any analysis as to why they believe bitcoin can achieve that? They also never mentioned bitcoin's market cap at the time, which makes me suspect they were just creating FOMO in the market rather than making a prediction.

To tell the truth, I never gave much importance to the analyses of the "gurus" because, quite simply, they didn't know the crypto market. It's not, was not, and will not be the same as the conservative and ancient market models that they created and it is all methodical as they want and it benefits them. From the beginning of the BTC, they shouted that we were frauds and crazy people who lived in a bubble that would burst and swallow us. They succeeded in their prediction that the bubble would burst, only it was not the BTC but their economic system. Now everyone is shouting to buy what they cursed. But, you know, when you cannot defeat your enemy, (at least) join him.

I wouldn't be surprised if during this bull season, they sell Bitcoin when it hits $200k but keep shouting that Bitcoin will hit $1 million so people become their liquidity.

For me, it's like you say it. But you know, they do it all the time. When BTC is bullish - "go buy or lose!" and when it's bearish - "sell now or you are doomed".
However, I believe that their real plan is for ordinary people who have managed to own some BTCs to sell them and have them taken over by people of their own system and environment. In this way, they believe that they will be able to control the market for their benefit and will "disappear" any small investor from the map.
I'm not and don't want to be a guru in economics but for sure I can make a prediction like them. Their plan is doomed to fail and the price of "The King" will not stop rising, whatever they say. So high that they will be dizzy from the zeros they will see following the one and only unit. Cool
legendary
Activity: 1372
Merit: 2017
November 28, 2024, 10:45:12 AM
#43
$6.29 for a dozen jumbo the other day.

That is the problem. Probably when bitcoin reaches $1M you won't be surprised that the same dozen will cost you even more. But with bitcoin we are going to beat inflation and gain purchasing power, so we kill two birds with one stone.

Bitcoin hitting $1 million sounds very exciting and of course everyone wants that to happen. But let's be realistic and as some have mentioned, with a market cap of $20 trillion, don't you think it's too big to be easily achievable? If bitcoin's market capitalization could reach $20 trillion, it would be one-third of the US financial market capitalization that has existed for hundreds of years, surpassing the capitalization of gold, an asset that has existed for thousands of years. That was really beyond my imagination.

Also, one thing I find strange is that all these experts predict bitcoin price to hit $1 million or $10 million. But I have never seen them give any analysis as to why they believe bitcoin can achieve that? They also never mentioned bitcoin's market cap at the time, which makes me suspect they were just creating FOMO in the market rather than making a prediction.

I wouldn't be surprised if during this bull season, they sell Bitcoin when it hits $200k but keep shouting that Bitcoin will hit $1 million so people become their liquidity.

It is not something that is going to happen from today to tomorrow but right now I believe that bitcoin is the best financial asset in the world and that everyone is going to realize it, increasing the demand exponentially, starting soon by states and more companies. Then, as the total wealth is $900T of which half is speculative, without utility (it is not the house you live in, but some shares you buy, for example), that bitcoin will reach $20T of capitalization in a relatively short time does not seem far-fetched to me. In fact, the same argument you make about gold you could make about silver. The bitcoin has already passed the capitalization of silver which has been a currency around the world as well as a precious metal for many centuries.
legendary
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November 28, 2024, 09:06:17 AM
#42

You look a bit pessimistic, my friend. Have you heard the news about bitcoin since the US election? A gigantic increase in demand you do not take into account? USA will probably buy 1 million bitcoins for 5 years. Brazil wants to implement a strategic reserve as well. Smaller countries like Argentina or Morocco have just passed bitcoin friendly legislation. MSTR has bought 150,000 bitcoins this year, with one more purchase it will have bought as much or more than the bitcoins expected to be mined next year (165,000) and this has only just begun.

That's why there are reputable people like Adam Back (who is not a nut like McAfee) saying that we can reach 7 figures this very cycle.

Bitcoin hitting $1 million sounds very exciting and of course everyone wants that to happen. But let's be realistic and as some have mentioned, with a market cap of $20 trillion, don't you think it's too big to be easily achievable? If bitcoin's market capitalization could reach $20 trillion, it would be one-third of the US financial market capitalization that has existed for hundreds of years, surpassing the capitalization of gold, an asset that has existed for thousands of years. That was really beyond my imagination.

Also, one thing I find strange is that all these experts predict bitcoin price to hit $1 million or $10 million. But I have never seen them give any analysis as to why they believe bitcoin can achieve that? They also never mentioned bitcoin's market cap at the time, which makes me suspect they were just creating FOMO in the market rather than making a prediction.


I wouldn't be surprised if during this bull season, they sell Bitcoin when it hits $200k but keep shouting that Bitcoin will hit $1 million so people become their liquidity.
hero member
Activity: 1722
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November 28, 2024, 07:49:44 AM
#41
That's the scenario I'm thinking about now, when the price goes up and the profit is worth taking then it's likely to do so, because we also want to buy more in the downturn, because I myself am definitely relying on the profit now.

For now it is still on hold, I feel that the price can go to $120K or to $150K, then after the bullish period is over we can see that the bearish will come... Must prepare fiat reserves to be able to buy more.
There are many things that encourage someone to sell Bitcoin when the price is soaring high and usually people like this are good at seeing moments to make a profit. When in conditions like now investors will refrain from entering the market and they are more likely to see the movement of Bitcoin before returning to enter it. Some people are actually monitoring ETH price movements and maybe they will wait for the best moments to make a profit in ETH after Bitcoin gets a long rally.

I am not talking Bitcoin as one of the best investments but to see opportunities made by experienced investors in generating profits. Bitcoin can reach $ 120k or $ 150k for the future and at that time most people have gained large profits, then will again prepare Fiat to buy bitcoin on a bearish rally that will allow purchases in greater quantities.
legendary
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'The right to privacy matters'
November 28, 2024, 04:42:27 AM
#40
I am sorry but it is this small minded thinking that holds people back.

1million a btc is not the goal here.

1 dollar a sat by 2030 is the goal.

open your mind to that as our reality.

1 dollar to sat is 100 fucking million dollars per bitcoin. I like your idea, however fanciful it may be. Too bullish for my taste but I wish it was like that.

Although the other part of the equation leads one to think it might be so because the dollar has been extremely devalued and a dozen eggs will cost you $300 in 2030. Although even on this assumption I think it would be about 10X from these levels.

$6.29 for a dozen jumbo the other day.
sr. member
Activity: 294
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HODL - BTC
November 28, 2024, 03:26:05 AM
#39
I'm sure... when the price of bitcoin reaches $200K all investors will be excited they may release their ownership in part or all... then to $500K will certainly be even more excited, right?

But I'm sure there must be a true holder to hold up to $1M.
Yes, we will sell some in any case, that's not bad or wrong. But we will rebuy when the price drops, even more, if possible. My argument is that we don't have to sell all of our coins because of the price. Even if the price is tempting, we still have to hodl something.
That's the scenario I'm thinking about now, when the price goes up and the profit is worth taking then it's likely to do so, because we also want to buy more in the downturn, because I myself am definitely relying on the profit now.

For now it is still on hold, I feel that the price can go to $120K or to $150K, then after the bullish period is over we can see that the bearish will come... Must prepare fiat reserves to be able to buy more.
legendary
Activity: 1372
Merit: 2017
November 27, 2024, 04:28:11 PM
#38
I am sorry but it is this small minded thinking that holds people back.

1million a btc is not the goal here.

1 dollar a sat by 2030 is the goal.

open your mind to that as our reality.

1 dollar to sat is 100 fucking million dollars per bitcoin. I like your idea, however fanciful it may be. Too bullish for my taste but I wish it was like that.

Although the other part of the equation leads one to think it might be so because the dollar has been extremely devalued and a dozen eggs will cost you $300 in 2030. Although even on this assumption I think it would be about 10X from these levels.
hero member
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www.Crypto.Games: Multiple coins, multiple games
November 27, 2024, 04:08:03 PM
#37
It is not a big mistake to sell coins now they certainly have a target when $100K, especially those who bought in the range of $20K back then they already had 5x profit when the price was $100K.

The question is who will be the strongest holder?.... During the road to $1 million?

I'm sure... when the price of bitcoin reaches $200K all investors will be excited they may release their ownership in part or all... then to $500K will certainly be even more excited, right?

But I'm sure there must be a true holder to hold up to $1M.
Yeah, selling right now makes no sense, price will go above 100k eventually, sure we failed when we tried once, but that doesn't mean that we are going to end up with something much bigger eventually, it has to be something that will take a while to get above that finally but waiting is half of the game and that's how we make some profit as well.

We need to consider how things could change, we need to consider how price would go up and that is why we need to not sell right now, and even if possible maybe accumulate some more. I know it's high, and buying right now is hard but that doesn't mean that we are going to grow that much, just wait for it to recover and it will definitely reach to a point that will make a bit more money.
legendary
Activity: 4382
Merit: 9330
'The right to privacy matters'
November 27, 2024, 10:16:18 AM
#36
I've been thinking about opening this thread for a while now and I finally decided because I think it is now abundantly clear that this is not a question of whether the price will reach $1M, but when it will.

The first one that I can remember who said it with public resonance was the one who said that if the price didn't reach $1M by the end of 2020 he would eat his dick on national TV. Then we know how it turned out. I don't know if those of you who have been on the forum and in the bitcoin world longer remember any public figure or anyone on the forum talking about that possibility before McAfee. If so, say so and I'll post it in the OP.

Although it came later than McAfee's (rest in peace) crazy prediction, I think PlanB's Stock-to-Flow model was one of the first I remember seeing to hint at a potential $1 million Bitcoin. While I don't think he specifically mentioned a $1 million price target, his model definitely suggested that Bitcoin could reach that kind of crazy number during this bull cycle, before the next halving. It was pretty exciting to see the potential!

In any case, after a disappointing 2020-24 cycle in terms of returns, where we started to talk about institutional adoption but it was much lower than expected, now it seems that institutional adoption is really starting. Michael Saylor is buying bitcoins for MSTR as if there is no tomorrow, the US president-elect promised to create a bitcoin reserve with the ones they already had but the Cynthia Lummis proposal to build up the reserve by buying bitcoin, up to 1 million in 5 years, has quite a few signs of becoming a reality, as there are 269 congressmen and senators in the US who are pro-crypto. Not only that, the US president-elect's appointments so far to his cabinet are mostly pro-bitcoin, people who have publicly stated that they have bitcoin holdings.

All of this we already know can unleash, and is already unleashing, institutional FOMO, leading to supply shock. This has led prominent figures such as Adam Back, creator of Hashcash and quoted in the White Paper, to say that if the strategic reserve goes ahead we should prepare for a 7 figure bitcoin this cycle. There are other characters, perhaps not as relevant but with public influence, who are in the same line, such as Samson Mow.

In any case as of today $1M per bitcoin no longer seems crazy, it no longer seems so far away, and I am creating this thread for us bitcointalkers to share experiences along the way.

I am sorry but it is this small minded thinking that holds people back.

1million a btc is not the goal here.

1 dollar a sat by 2030 is the goal.

open your mind to that as our reality.

1 dollar a sat by 2030. Said here on your thread that only wants a piddling 10 cents a sat.


Please realize all of the above is just joshing as to even think I will see a dollar a sat by 2030 is an amazing thought for me to manifest.
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