Topic: What can we expect from this statement of Michal Slayer.. - page 3. (Read 467 times)

$68K can be reached anytime from now on we don't even have to wait halving to enjoy the climb. What is the reason, I only think about the support of institutional investors. Yes, institutional investor support will really help the bitcoin price to grow and is very bullish even though the halving hasn't happened yet.

There is huge potential for that price in the future regardless of whether it can happen this year, next year, two years down the road or after the halving. But this is only a possibility even though the optimism from bitcoin's history can help anyone survive longer.

Bitcoin is a speculative asset and at that anyone is free to make a price prediction but the reality is what matters, Bitcoin is a highly volatile and unpredictable asset and for a prominent personality like Michal Slayer a pro-Bitcoin and a stock market analyst whose company revenues starch in Bitcoin, it clear that he may have misunderstood the concept of the market.

I won't say he is trying to spread any false predictions as what he predicted can become the reality if all odds work in favor of his predictions, but then again we can rely on just a comment of a Bitcoin holder and basing any investment decision on that since he is just speculation the price of Bitcoin in the next 4 years or a decade ahead.

bitcoin does have an underlying value. as do jobs

min wage in america is $10/hour. meaning everyone should turn down a job paying less. and no one should accept such job.. this is the bottom underlying value of fiat. the minimum secure and supported value all people think is the minimum..

peoples individual values(sentiments/emotions about self worth and price) can vary which are all values above that limit. however fiat has a underlying limit no one sells themselves for below.

bitcoin has one too.. no one on the planet is acquiring (mining or private OTC purchase) bitcoin or trading on markets for under $15k. thats the current bottom limit underneath the speculative market bitcoin also has a upper limit. the amount every person and their mother can acquire bitcoin for less that. and that limit is $90k at the moment

the market price is volatile but wiggles up and down between these limits.

right now the top limit is about $90k so no way is there going to be a $100k bitcoin in 2022

yes $68k can happen anytime with the right rally.. but a save bet is that it will hit the $70k mark again in next 4 years. its like common send using a safe number in a large buffer safe time schedule
much like saying in the next month you will use the toilet.

no one can predict the exact price of any future given moment but you can see the bottom-top windows and calculate mining vs hashrate costs to adjust that window and see where the future window may lay at any given hashrate .. to know the realms within that the price will speculate(wiggle) between

I think that Saylor is afraid of being too bullish because he made that mistake once and is making his predictions too bearish. 60k in 4 years is a very bearish prediction because in 2, after the halving, we should be in a strong bull market.

I don't need 60k to unload my coins, but I also don't want to see it being manipulated into a downtrend by politicians who are afraid their fiat currencies are dying.
It's their goal to make bitcoin, gold and stocks look like a bad investment that are losing value. It's all a big lie.


Unfortunately analysts cannot predicts random events like pandemic, war, or the US government pumping dollar's price.
Bitcoin should be trading at least for 25k USD at this moment but it's not and the reason is not bitcoin's weakness or mistakes of those who made higher predictions. Sometimes people just don't want to give you your money's wort due to economic conditions and it dosn't mean you have to sell below the real value.

Price at a given time is not value, pretty much like when you get offered a very low paid job. If you value yourself, you decline such offer and wait for a better one.

$68k within 4 years is a safe bet.. its like saying tomorrow the sun will rise

though its not pushing any boundaries of going to exaggerated amounts. so its not like he is suggest a foolish pump and dump this year

in essence its no news.. and requires no drama

Michael is extremally smart and his understanding of the technical/engineering design aspect is on point.

He has a strong vested interest in pumping the market. Seemed like he was cranking out vids on the daily.

Where he went off the road is trusting that the market would do the "right thing". It's not a viable storage of wealth (yet), it's a volatile invest. I use it to send money quickly with less fee's.

BTC pretty much tracks the tech sector and the fed, so as for now it behaves like a stock.

Eventually as it's market cap increase 4-5 more trillion via institution it may become a lone actor.
 

Upon reading the title, I thought that we've some other person who's surname is Slayer. LOL

Well, every price prediction is possible even the lowest that one can say like $3k again or $1k or any lower. Bitcoin is volatile that it can be at those prices that we're not expecting or has been predicted by him or by any other guy in the market.
We're in a speculative market and it runs with speculations that anyone can say.

Whatever he says is speculators, he doesn't in any way has concrete prove that this can be achieved.
What if in 4 years the price of BTC plummet to $5k?

If we are to listen to very analysis out there, then BTC should be about $100k by now, but apparently, that is not the case.

So, personally, I don't believe everything I see out there.

https://news.yahoo.com/bitcoin-could-return-68-000-135232771.html

Recently i came across this post Michael Saylor says Bitcoin could return to $68,000 within 4 years and hit $500,000 in the next decade..

The time line of 4 years seems very long... What's your opinion regarding this statement