Many of us in crypto believe that its's possible for Bitcoin to reach a price point of $1 million some day, but when exactly?
Plan B has tweaked his stock to flow model for Bitcoin, and gives us an insight into when we could expect this to occur, with a very high degree of accuracy (99.5% R2).
Let me know what you think!
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This is the model which I'm banking on. What else can you do but rely on some kind of an idea to navigate through life? That very much applies to finances and financial risk taking as well. As far as I know, there is nothing better in the whole crypto space to base your strategies on than the stock-to-flow model of Bitcoin valuation, one key assumption being that interest in crypto continue well into the future. I'm also assuming that no government clampdown will be able to effectively squelch crypto because of its global reach and there being several competing blocs of powerful states in the world, some of whom stand to benefit greatly from the freedom of crypto. The supremacy of the USA is waning and so are the days of the US dollar as a means of foreign policy. Fighting crypto will be to no avail in the long run.
However high bitcoin gets it always has the potential to go higher. 100k doesn't feel like a big stretch since we hit 20k but at 1k only 12 months prior to that it felt like a huge ask.
Well Bitcoin might reach $1 million dollars for sure . But when i personally think that it would take somewhere around 5-10 years in minimum. But the thing to be noted here is that , by the time bitcoin reaches the $1 million dollars mark no one would be interested to exchange their bitcoin for USD or any other fiat, because at that point bitcoin itself will become one of the leading currencies in the world. The day is not so far away
Hello my friend @louisthomas....
I have my best answer here in one of my publications months ago, I hope you are available to read it, long read but I think this publication has some important points of content ...
Feel free to read it here: https://steemit.com/blockchain/@edgarare1/future-of-bitcoin
Bitcoin is the real Gold.
Supply Limited.
World Population by 2050 = 10 billion
Amount of Bitcoin available = 21 million
Do the math.
Thanks for the sharing. but i'm still worried about steem like 12 months.
is it possible.?
Do you have invest something in sports coin from steem-engine?
It can happen, when big whales start investing in btc instead of any other business.
It might happen all the time. Because playing bitcoin is like gambling. Anything can happen in gambling.
@louishomas Do you think Bitcoin will get 1million? I think it will be Because cryptocurrency will get huge popularity at 2021. Old Is Gold. Because you holding on to any buy holds good benefits in the future .. Do you agree with my statement?
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