No problem.
Pantera Capital CEO Expects Bitcoin Price to Reach $356,000 by 2022Morehead's comments about the price of Bitcoin were brought on when he was asked by Shin where we currently are in the development of blockchain technology.
Morehead said that people should realize that we are only 10 years into a two-decade long project, and that for the people who use Bitcoin as a "proxy" for the crypto space, they should note that if we zoom out a bit and look at the price chart for Bitcoin over a period that is longer than year, the Bitcoin price is always going up. AT his own firm, Morehead pointed out that they do not worry about short term fluctuations in the price of Bitcoin and they have more of a 3-5 year timeframe in mind.
https://www.cryptoglobe.com/latest/2019/07/pantera-capital-ceo-expects-bitcoin-price-to-reach-356000-by-2022/You don’t need to be an head of a multi billion hedge fund to understand that.
I start anyway to believe that next halving is crucial.
I don’t know if it’s priced in or not (my gut feeling tells me it’s not), but if price don’t move seriously upward as PlanB suggests, maybe even lagging SF model for up to one year after May 2020, then we could have a proper test of bitcoin value proposition as an experiment of Store of Value/digital gold.
All the institutional money that is supposedly flowing into Bitcoin is surely looking into that.
I believe in bitcoin, but it's not a religious approach, it's not faith based on dogmas.It's a rational expectation of the market pricing correctly all the feature of the protocol.
I mean, that Bitcoin will take the path that it pleases, as always, in 2017, at the end of November, the BTC price was +/- 10,000 in mid-December was ATH in just 15 days.
The articles are interesting to take the pulse of the market from different angles.
This does not mean that I agree with them.
But, yes, I recognize that I am more
BTCull than bear.
VB1001, I am number one fan of PlanB.
When I am down I listen to his podcast at
Stephen Livera and I immediately forget my worrings and RL problems.
I do believe in his models and I find those very innovative and hard to dismiss, given the test he made to prevent spurious correlations.
I am only pointing out that this if the first halving event put into test by "general public" and "institutional money", and if the effect on the price that we all here hope to see.. well then we could even fall back into a perma-cryptowinter.
Hopefully I am wrong, but all the bullishness we have seen around this event must be tested, in the end.
I cannot fault you, fillippone, for attempting to figure out whether our upcoming halvening is "priced in" or not, because if that were to be answered in the affirmative, then you are correct, we might be in for another potentially drawn out cryptowinter, and even perhaps prematurely, too. I do believe that there are pretty low odds, however, for the halvening being "priced in", because there are way too many newbies coming into the space on an ongoing basis, whether we are talking about institutions or retail or even existing HODLers increasing their stakes, and even when there are all these fucktwats suggesting that bitcoin's market is maturing because so many institutional investors are getting in and blah blah blah....
The truth of the matter would be way higher bitcoin prices NOW if there was much if any real or meaningful adoption/investment from institutional investors, like that seeming to be asserted on a regular basis.
I will give it to you (or anyone else) that it seems fairly likely that a decent number of institutional investors (perhaps along with already existing bitcoin users) had contributed to our latest BTC pump from $4,200 to $13,880 - but we also should recognize a kind of reality that it does not take a whole hell of a lot of money to actually pump BTC's price by 3x - especially when we are referencing the kind of value that any of the decently large institutional investors would be able to put in, if they were to want to, and even conglomerating some of the smaller institutional investors, and the pure quantity of our most recent pump likely shows that NOT a whole hell of a lot of institutional investors (whether small or large) are yet into bitcoin and making the down-low investments that we have been told that they have been making that supposedly had contributed to the most recent pump.
So, yeah, certainly prepare for BTC price movements in either direction, and yeah, don't be taking out a large mortgage (or loan) on a $5 million mini-yacht that might require your 166 BTC stash to be approaching somewhere in the value of $100k plus territory in order to be able to meet the terms of your mortgage, when we still have not even gotten close to those kinds of numbers, yet,... it's far from any kind of reliance, including that we will ever reach supra $20k prices within the next 5-10 years.
Nonetheless, even though I feel that I am going to be personally better off if the BTC prices are higher than they are today in the next 5-10 years, I also think that there remains decently high odds, that a new ATH is going to be reached in the coming year or two (or possibly less) with snowballing values that likely bring us to really high numbers that are likely to exceed 10 x from today's price in that time-frame and reasonably could go beyond 100x.... simultaneously, don't be counting your eggs before they have hatched.
