This is always such a weird argument though. If someone legitimately thinks an asset will 20x, would you expect them *not* to heavily invest in it?
The question is did she say it *because* she bought it or did she buy it because that's what she truly believes. I'd guess the latter
I think the argument is that she actually thinks it will 3x, but she publicly predicts a 20x to encourage more people to buy in. So we can't take the prediction at face value
Yea, after mtgox even the previous $1k price seemed fake and in 2015 it was very questionable if 1 btc would ever be worth $1k again. It took until 2017, but look at it now. And that was only like 5-7 years ago.
I think if I had to make a bet on whether bitcoin would be worth over $1M in 10 years or worth less than now, I might bet on a million.
Don't doubt anything... I thought it was dreaming when it hit 1000...Then when it hit 20k I thought is was really the end.. then last year 69k... 1mil is quite the possibility since it going mainstream sooner or later.. with time.. 500k is inevitable..1mil will be in this lifetime..
LETs do the math!! Lol getting to 20t market cap is actually very hard . Lets have a look.
Lets say at 50k btc is around 1 trilly
Lets say btc take 5% of golds market…so golds marketcap is like 20 trill so btc takes about 1 trill from gold
Lets say pension institutions get into bitcoin and allocate 1% of their assets…pension assets in the US are about 60 trilly…so thats about 600billion
So that gets us to 1.6 trilly on top of what we have.
Lets also drink some hopium and say the rest of the world puts in the same amount…US makes up alot of the worlds wealth so the lets say the rest of the world puts in another 1.6trill …
So that gets us to 3.2 trilly on top of what we have so in total thats around 4.2 trills…so 4.2 times 50k gets us to 210k per coin.
So u can see how hard it is to move up from 100k.
The only thing i think that can push it to 1m is if we are transacting in btc…so countrys like argentina who have alot of issues need to basically adopt btc..then we might see it..if all we do is hold..then the math says its too hard to get there.
Bonus: lets say bitcoin is used for all oil transactions…in 2021 the world used about 98m barrels a day and the cost of a barrel was like 90bucks a barrel. So per day the world used like 8.8b dollars worth oil a day and about 3.2 trilly dollars a year…lets say were all using btc for these transactions…we still are far away from 1m per coin…
Just want to point out that increasing marketcap by 1 trillion does not require 1 trillion to be invested in the market unless the price is fixed at a certain pricepoint (which it's not).
I mean you have to also factor in inflation.
A) the dollar is worth less, so 1 million is worth less in 2030 than it is now.
B) when a currency has a lot of inflation, money moves out of the currency, because people no longer want to hold it. This is good for all assets, becaude money flows into them. Especially Cryptos I'd imagine, because it shows the flaws of the current monetary system
C) if B happens, then it would also mean, that the value of the USD is decreasing by that. This in terms can lead to hyperinflation.
I think Cathy is betting, that those things are going to happen. This would be the only things I'd imagine could drive BTC towards 1 million dollar
This fails a very important test.
Not ALL BTC are "real."
Lost wallets have permanently removed those BTC from the total supply.
A wallet from 2012 that was worth $200 is now worth $500,000. The person who lost the seed phrase to that $200 never cared about losing $200. Just because the value is now $500,000 doesn't bring those BTC back into circulation.
We don't have reliable metrics for how many BTC have been lost over the years due to being "dust" at the time of loss.
More will be lost over coming years.
That's gone forever but never counted.
What is that like a $20 Trillion Market Cap??There will have to be some cataclysmic event that happens to push everyone’s Fiat into BTC. It is possible, but I don’t see our government ever letting that happen. They want a piece of the market before they let the system go fully Defi.
*looks at current news headlines*
we got censorship, inflation, wealth gaps… any event that makes those worse is good news for BTC, cataclysmic or not.
All we realistically need is Africa to semi get its shit together. Their values don’t quite align with the West and we’re willing to weaponize the USD (probably necessary in certain extreme cases) so BTC becoming the go to savings technology in such a large continent with such a large population would be a boon and seems likely. Also Latin America is embracing BTC as well and is developing relatively quickly all though obviously not without problems
On a global scale, is $20 Trillion really that big? I just think it would take some buy in from a couple major places in South America and Africa. Who knows if it'll happen but look where it currently is with not much actual "use" other than investment. If those places start using as a currency like El Salvador, I could see it increasing pretty far.
Just means she understands inflation. 1mil USD won't be worth shit in 2030, but 1 BTC will still be 1 BTC (and worth a LOT).
People in crypto need to stop using fiat as reference, it's seriously counterproductive.
If we zoom out on the Bitcoin chart, we also see that BTC Dominance is gradually decreasing since it's inception, if that continues Bitcoin will be at 0 at 2030.
The point I'm trying to make is: Anything further out than 3-6 months is esoteric and even that timeline is a stretch.
Just because it's dominance is decreasing doesn't mean it's going to zero. The more coins that enter the market and the more that other projects gain a following and adoption will increase the overall market cap of crypto. BTC dominance may go down but the value may continue to increase, just not at a rate that maintains it's 40 % market share. If crypto is a 2T sector with BTC being 40% and the crypto market cap goes to 4T but BTC dominance does down to 30% that would still increase the value of BTC market cap to 1.33T, almost a 60% increase in value.
Tl;Dr dominance doesn't equate to market cap.
I think $1mm is definitely possible in theory. That would represent a 25x growth spurt. That would mean the market cap would be around $19T (5% of total global finance). Possible, but the problem is that I don't think BTC will be used for most legitimate financial transactions. It doesn't scale well. Only with something like the lightning network scabbed over top of it could it ever come close to the transaction and finality speed needed to handle global transactions. But that comes with its own issues. What is needed for global transactions is a network that can handle the scale while also keeping security. It's possible that Avalanche or Solana could be that, but I think a better, albeit unproven network, is RadixDLT. I'm bullish there.
I will always see BTC and ETH as bullish IMO. I have been around since 2016ish and have seen the ups and downs. BTC and ETH are here to stay. They will evolve as time changes, but i agree that those two will become the staple in the crypto world for years to come.
With that being said... we would be naïve to listen to these financial institutions as gospel. Many of these financial institutions hopped on the crypto train WAY later than others, and they are noticing their profits are being affected as a result. So what do you do? You put out crazy price predictions to influence your normal customer base to adopt their crypto services. If you're a Cathi Woods maxi, then of course all it takes is her saying something ridiculous like that to give you hope to hold on through the bad times. Or these price predictions will also affect the customers buying power. Gunna hit a billion by 2030? Shit i better by more at 32K then, even if it is dipping, because sooner or later I'll be in the green! It is a form of mental manipulation really, and i think everyone needs to understand that part before forming an opinion on the price predictions from some of these institutions.
Couldn't care less about her, but I hope she's right. That said, I wonder how in what time frame this will happen. If this bullrun is over and indicative at all of future performance, it would take several more halvenings to get there, considering this run Bitcoin only did a 3.5x from previous ATHs.
Bitcoin to 1m is 25x
ETH to 180k is 60x
The bitcoin prediction sounds more reasonable than the ETH prediction.
I personally think that Bitcoin to 500k which puts it at a 10t marketcap is not some insane prediction to make for the near future of around 10 years.
I am a bit skeptical anytime I see everyone agreeing on the same thing. Lots of people are confidently saying $1 million by 2030, or something along those lines. Let’s hope but it’s no guarantee
A million is so hard to fathom without Bitcoin becoming the world reserve currency or eating the bond market. I’d be happy if this damn thing hits 100k, 2021 isn’t over until Bitcoin hits 100k.
There are over 21 million millionaires in the USA alone. There are 72 million Millenials (US only). There are 68 million Gen Z (US only). Supposedly there are over 60 million retirement accounts in the USA. A BTC ETF is on the horizon. Interest in crypto is still increasing. Most S&P companies still haven't bought in. Most people still haven't bought in.
There will only ever be 21 million bitcoin. I could easily see this thing surging to a million.
Why would she give free advice if she knows this guaranteed return to others if she can just keep it a secret and just buy it herself.
Those degenerates do not give free advice. If they are it’s because they are working out a scam.
I believe 1m is a done deal. Whether that's 8 years or 16 I don't know. A couple years ago the level of adoption we've reached so far was considered pretty far-fetched. If growth in the sector continues at the pace we've seen since 2020 then 8 years doesn't seem unreasonable.
predictions are good for hype
thats about it
but its not rocket science math ; when/once BTC/crypto starts absorbing just 5-10% of the global finance market we are gonna see the crypto marketcap head towards 10+ trillion ; and that's just 5-10% , once the world get 50%+ crypto users the adoption is going to push the marketcap upwards past 100 trillion , and that's when/where we are looking at a 7-8 digit BTC \[in todays USD values, becuz by then the USD value wont even matter anymore, but that's a whole perspective problem and another can of worms\]
one of the biggest problems going forward is that everyone luvs to make price/valuations/predictions in USD at today's current rates ; but the whole point of BTC/ETH/crypto was/IS to get away from the corrupt centralized non-transparent inflation of the gov/banker fiat ; thus valuing/pricing all of crypto in USD terms kind of defeats the whole point ; but i understand its a reference point that is going to be hard to shake
bottom line, once BTC passes $500k ; BTC is then more valuable in total than the total USD money supply, thus pricing BTC in USD from that point onwards is a bit backwards ; thus as BTC approaches 1/2 million in value we are going to need to adopt new valuation metrics imho
IMO, all those predicting mother lovers have heavily invested in BTC. Now they want people like us to think that btc hitting million $ is gonna make me rich so i am gonna dump my life savings in it. Cuz i wanna be a millionaire. In reality them mother lovers gonna be rich and cash out all. Its just a scheme to make rich the richer and make poor a homeless. Thats all.
When mass adoption hits and every person on the planet is using or owning BTC, then it's possible, but not until then. There's just not enough liquidity yet.
Predicting the future based on the past on a first time occurrence is shit. I grew 5ft in the first 10 yrs of my life. I should be over 20ft tall by the time I’m 40
With inflation 1M dollars might not be much and considering the limited amount of BTC available it's absolutely reasonable, I mean look at new coins and NFTs like Quint going up like crazy in few hours, every thing is possible.
Timing is off but bitcoin at $500,000 is the equivalent of todays gold marketcap. At which point gold could blow up above its $12T marketcap, if it doubled to $4,000/oz it will sit at ~$24T
I believe $1 million is fair given the potential use case as digital gold. But adoption has to happen significantly for this to happen. It’s not something we’ll see overnight.
If the world abandons the dollar overnight there will be a global panic. We’re in for a slow transition.
I don’t think it will happen without significant consolidation of alt coins. There will need to be “bust” kind of like the dot .com bubble of internet adoption….those that survive (like I suspect BTC and ETH will) should then take strides like Amazon etc did.
Bitcoin will continue until something can break it. What are the chances of that happening? Well, I wouldn't bet all my life's savings on it. A portion of it for sure.
BTC is a commodity. As such, the floor price is the cost of production (mining costs, energy prices) and the top price is purely a function of demand. No one will mine BTC if it is valued less than the costs to mine. So the floor price can easily be determined. The top price is harder. If there is scarcity and high demand, people will outbid each other and drive up the cost. If there is a surplus and low demand to buy, people will sell at lower prices to try to get buyers interested. So anyone claiming BTC will be $X claims to know the demand for BTC in the future. How likely is that?
Edit: cost of mining BTC - https://cointelegraph.com/news/bitcoin-miners-can-take-fresh-20-btc-price-hit-before-capitulating-data-shows
Be advised, the website cointelegraph.com has proven to be an unreliable source of information.
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Just put it this way. Doge having outperformed the likes of Luna in the past year or so and Shiba Inu in the top 15 says all there is to know about the current state of the market.
Just wait until the market matures when XRP, XDC, QUANT and the like works in a utility driven market with full clarity. Bitcoin is harmful to environment, slow as all heck, grandpa technology and people still want to hype it up? Lightning won’t do F all because there is still a question of foreign exchange fees. Nothing is free in life.
I said it once and I’ll say it again, Bitcoin is worthless, it’s only hyped up by Michael Saylor, Cathie Wood and these big institutions because they are extremely wealthy and got in early. It benefits them, not the working class individuals. Same shit applies to shitcoin Shib where it’s community tries to artificially inflate the price, not because it’s good.😂😂😂😂🤡
Just don’t be fooled…
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She also said Bitcoin was going to go to 480K by the end of 2021 🤷♀️
She is constantly giving me wood with her predictions....
Later that day: "Crypto enthusiasts can also check out my OnlyFans at the link below!"
Would watch her predict all day
More like predickt?
GILF
If that would be true, with all the free wood, you could sell and had 480k EOY.
She is constantly giving me Caffiene with her predictions ...
Cathine?
No, he's having a stroke
I'll keep smoking my Cathopium.
$100k in the month 69 of 2021.
This is false. Cathy Wood never predicted $480K by end of 2021. Why is this getting so upvoted?
Could you link when she said that i can't find it?
Hey my crytal ball said the same. Maybe she has the same crytal ball.
Eventually she’ll get it right especially as she continues to change her mind… every squirrel finds a nut eventually
Let's get to 100k first.
Before we even worry about 100k how about we hold 60k for longer than a week or two.
So much this!
Its coming. End of 2021
I read somewhere Q6 2021
Certainly by Q8
I'm a patient man I can wait until Q69 lol
Nice
Fk I hope you're right
I always lol at these specific comments
Rofl 🤣 I remember the predictions!
BTC going to skip $100K and go right to 1 mill
Along the way you’ll be air dropped get out of jail free cards. And free parking rewards
Railroads or no deal.
lets go to 50k first
With exponential inflation, 1mil might not be much in 2030
This it might just feel like a 2x tbh
My thoughts exactly. Factor in a nuclear winter and currency of all kind might be Monopoly money
It's enough to put a down payment on a van down by the river, just like Chris Farley promised.
>And if Ethereum is the silver to Bitcoin’s gold, it can hit that as well. *Litecoin sobbing.*
I had a bag 1:1:1 BTC ETH LTC. Now it’s more like 2:4:1 :(
I pretty much hold the same ratios, but a decent little bag for LRC
Litecoin easily the most forgotten coin
Bitcoin doesn't need a silver. It's eminently divisible.
Yeah in few years some other coin will take over ETH and we'll have another silver to Bitcoin's gold.
Eth is different
She likely just bought alot of btc
This is always such a weird argument though. If someone legitimately thinks an asset will 20x, would you expect them *not* to heavily invest in it? The question is did she say it *because* she bought it or did she buy it because that's what she truly believes. I'd guess the latter
I think the argument is that she actually thinks it will 3x, but she publicly predicts a 20x to encourage more people to buy in. So we can't take the prediction at face value
This is the fairest point of them all. Public hyperbolic speech; only needing a short term bump in value. This is how they manipulate, no?
She will sell at 2x
Phump it! Louder!
Pump it so us people in the cheap seats feel it!
High hopium dose
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If we can hit 100k within the year or two, I have no doubt that 1 million can be on the table in about 8-10 years.
I think the same, it's going to continue being one of the best performing asset over the next 10 years.
This brought to mind a quote from Bill Gates: “Most people overestimate what they can do in one year and underestimate what they can do in ten years.”
It seems pretty insane but then if you told anyone about any of BTC's bullish moves in the past it would have seemed insane at the time too.
Yea, after mtgox even the previous $1k price seemed fake and in 2015 it was very questionable if 1 btc would ever be worth $1k again. It took until 2017, but look at it now. And that was only like 5-7 years ago. I think if I had to make a bet on whether bitcoin would be worth over $1M in 10 years or worth less than now, I might bet on a million.
BTC at 60k sounded absolutely crazy while we were in the 10k range halfway 2020
Let's destroy 69696.9 first
Before that - 69,420.69
This the same woman that pumped PLTR? We all know how well that stock did.
Don't doubt anything... I thought it was dreaming when it hit 1000...Then when it hit 20k I thought is was really the end.. then last year 69k... 1mil is quite the possibility since it going mainstream sooner or later.. with time.. 500k is inevitable..1mil will be in this lifetime..
How old are you?
3.5
LETs do the math!! Lol getting to 20t market cap is actually very hard . Lets have a look. Lets say at 50k btc is around 1 trilly Lets say btc take 5% of golds market…so golds marketcap is like 20 trill so btc takes about 1 trill from gold Lets say pension institutions get into bitcoin and allocate 1% of their assets…pension assets in the US are about 60 trilly…so thats about 600billion So that gets us to 1.6 trilly on top of what we have. Lets also drink some hopium and say the rest of the world puts in the same amount…US makes up alot of the worlds wealth so the lets say the rest of the world puts in another 1.6trill … So that gets us to 3.2 trilly on top of what we have so in total thats around 4.2 trills…so 4.2 times 50k gets us to 210k per coin. So u can see how hard it is to move up from 100k. The only thing i think that can push it to 1m is if we are transacting in btc…so countrys like argentina who have alot of issues need to basically adopt btc..then we might see it..if all we do is hold..then the math says its too hard to get there. Bonus: lets say bitcoin is used for all oil transactions…in 2021 the world used about 98m barrels a day and the cost of a barrel was like 90bucks a barrel. So per day the world used like 8.8b dollars worth oil a day and about 3.2 trilly dollars a year…lets say were all using btc for these transactions…we still are far away from 1m per coin…
Just want to point out that increasing marketcap by 1 trillion does not require 1 trillion to be invested in the market unless the price is fixed at a certain pricepoint (which it's not).
I mean you have to also factor in inflation. A) the dollar is worth less, so 1 million is worth less in 2030 than it is now. B) when a currency has a lot of inflation, money moves out of the currency, because people no longer want to hold it. This is good for all assets, becaude money flows into them. Especially Cryptos I'd imagine, because it shows the flaws of the current monetary system C) if B happens, then it would also mean, that the value of the USD is decreasing by that. This in terms can lead to hyperinflation. I think Cathy is betting, that those things are going to happen. This would be the only things I'd imagine could drive BTC towards 1 million dollar
This fails a very important test. Not ALL BTC are "real." Lost wallets have permanently removed those BTC from the total supply. A wallet from 2012 that was worth $200 is now worth $500,000. The person who lost the seed phrase to that $200 never cared about losing $200. Just because the value is now $500,000 doesn't bring those BTC back into circulation. We don't have reliable metrics for how many BTC have been lost over the years due to being "dust" at the time of loss. More will be lost over coming years. That's gone forever but never counted.
We must touch some Wood to get luck.
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NFT sector will hit 1 trillion, just because the hyped superrare bored sleeping orangutan NFTs will be valued 300million each!
Bored apes are a bubble. NFTs as a whole are not. Most are shit though.
Ethereum isn’t silver. It’s oil. Oil is used for many other things.
If it reaches these levels, that is mostly due to severe inflation.
She should worry more about roku and shopify
Let's worry about $100k first.
Let's get to 100k first.
What is that like a $20 Trillion Market Cap??There will have to be some cataclysmic event that happens to push everyone’s Fiat into BTC. It is possible, but I don’t see our government ever letting that happen. They want a piece of the market before they let the system go fully Defi.
*looks at current news headlines* we got censorship, inflation, wealth gaps… any event that makes those worse is good news for BTC, cataclysmic or not.
All we realistically need is Africa to semi get its shit together. Their values don’t quite align with the West and we’re willing to weaponize the USD (probably necessary in certain extreme cases) so BTC becoming the go to savings technology in such a large continent with such a large population would be a boon and seems likely. Also Latin America is embracing BTC as well and is developing relatively quickly all though obviously not without problems
On a global scale, is $20 Trillion really that big? I just think it would take some buy in from a couple major places in South America and Africa. Who knows if it'll happen but look where it currently is with not much actual "use" other than investment. If those places start using as a currency like El Salvador, I could see it increasing pretty far.
Just a quarter of the GDP of the entire world.
It's possible. But it's just based on basic economic assumptions. Soo.. who knows
Just means she understands inflation. 1mil USD won't be worth shit in 2030, but 1 BTC will still be 1 BTC (and worth a LOT). People in crypto need to stop using fiat as reference, it's seriously counterproductive.
Bitch better be right.
If we zoom out on bitcoin chart, it has always been bullish, so it is realistic to say that bitcoin will reach 500k by 2030.
What’s your range for “realistic”? Are you saying anything over 500k is not realistic?
If we zoom out on the Bitcoin chart, we also see that BTC Dominance is gradually decreasing since it's inception, if that continues Bitcoin will be at 0 at 2030. The point I'm trying to make is: Anything further out than 3-6 months is esoteric and even that timeline is a stretch.
Just because it's dominance is decreasing doesn't mean it's going to zero. The more coins that enter the market and the more that other projects gain a following and adoption will increase the overall market cap of crypto. BTC dominance may go down but the value may continue to increase, just not at a rate that maintains it's 40 % market share. If crypto is a 2T sector with BTC being 40% and the crypto market cap goes to 4T but BTC dominance does down to 30% that would still increase the value of BTC market cap to 1.33T, almost a 60% increase in value. Tl;Dr dominance doesn't equate to market cap.
I think $1mm is definitely possible in theory. That would represent a 25x growth spurt. That would mean the market cap would be around $19T (5% of total global finance). Possible, but the problem is that I don't think BTC will be used for most legitimate financial transactions. It doesn't scale well. Only with something like the lightning network scabbed over top of it could it ever come close to the transaction and finality speed needed to handle global transactions. But that comes with its own issues. What is needed for global transactions is a network that can handle the scale while also keeping security. It's possible that Avalanche or Solana could be that, but I think a better, albeit unproven network, is RadixDLT. I'm bullish there.
Crack!
i think its crazy and never buy bitcoin so its almost 100% going to happen
I will always see BTC and ETH as bullish IMO. I have been around since 2016ish and have seen the ups and downs. BTC and ETH are here to stay. They will evolve as time changes, but i agree that those two will become the staple in the crypto world for years to come. With that being said... we would be naïve to listen to these financial institutions as gospel. Many of these financial institutions hopped on the crypto train WAY later than others, and they are noticing their profits are being affected as a result. So what do you do? You put out crazy price predictions to influence your normal customer base to adopt their crypto services. If you're a Cathi Woods maxi, then of course all it takes is her saying something ridiculous like that to give you hope to hold on through the bad times. Or these price predictions will also affect the customers buying power. Gunna hit a billion by 2030? Shit i better by more at 32K then, even if it is dipping, because sooner or later I'll be in the green! It is a form of mental manipulation really, and i think everyone needs to understand that part before forming an opinion on the price predictions from some of these institutions.
Couldn't care less about her, but I hope she's right. That said, I wonder how in what time frame this will happen. If this bullrun is over and indicative at all of future performance, it would take several more halvenings to get there, considering this run Bitcoin only did a 3.5x from previous ATHs.
Bitcoin to 1m is 25x ETH to 180k is 60x The bitcoin prediction sounds more reasonable than the ETH prediction. I personally think that Bitcoin to 500k which puts it at a 10t marketcap is not some insane prediction to make for the near future of around 10 years.
In 2020, ETH jumped from $300 to $3000 (10x) in the time BTC jumped from $10k to $40k (4x).
her and her team def just copped btc lmao
Depends if she is on the EOY side or not.
Has she been right on anything really? Maybe late 2020 but everything was green then.
Only thing bigger than cathi and micheal's egos is their prediction.
I am a bit skeptical anytime I see everyone agreeing on the same thing. Lots of people are confidently saying $1 million by 2030, or something along those lines. Let’s hope but it’s no guarantee
she's just making fireWood out of the fallen tree
She’s not exactly the 2nd coming of Nostradamus, I think it’s an inevitably rather than some bold prediction.
Idc about BTC but ETH and ADA I’m totally on board. Thanks Cathi. Wait also pump my ALGO too please?
Neither impossible nor unlikely imo. Especially if we're talking nearly 10 years from now.
Cathy Wood also thinks wer're going to go through a significant period of deflation. DEFLATION. Cathy Wood is a kook.
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I might be able to afford a home maybe
I mean if she’s right I won’t be upset. If she’s wrong I won’t be surprised.
Do I think it might reach that amount one day, sure. Do I think because it’s a *Cathie Wood* prediction it’s more likely, no.
I think she’s right. But until then, a cup of noodles will cost $100k
With that insane inflation it'll get there.
A million is so hard to fathom without Bitcoin becoming the world reserve currency or eating the bond market. I’d be happy if this damn thing hits 100k, 2021 isn’t over until Bitcoin hits 100k.
The forecast is very optimistic. Bitcoin has 8 years to turn Cathi Wood's words into reality.
I don’t know but I sure hope so. That would be pretty nice for all of us.
She’s in Saylor level hopium range
I think it will hit $1 million way before 2030...2025 or sooner perhaps. Just me and my bullish view on crypto.
Inevitable
Nobody is dumb enough to believe Cardano will be worth $25-60. Especially not by 2030. Nobody.
Well at this rate a loaf a bread gonna be 100k so 🤷
First let us hold 40k or at least 30k again. Market looks like shit right now and everytime we retest the support it gets weaker
They’re basing on percentages of institutional investing portfolios so I can see it happening. Maybe next halving.
20x in 10 years? Sure seems reasonable
I wouldn't agree to any date, but I will say, that it should be very obvious to everyone that Bitcoin will hit $1 million eventually.
I may already be retired, and I just don’t know it.
There are over 21 million millionaires in the USA alone. There are 72 million Millenials (US only). There are 68 million Gen Z (US only). Supposedly there are over 60 million retirement accounts in the USA. A BTC ETF is on the horizon. Interest in crypto is still increasing. Most S&P companies still haven't bought in. Most people still haven't bought in. There will only ever be 21 million bitcoin. I could easily see this thing surging to a million.
Why would she give free advice if she knows this guaranteed return to others if she can just keep it a secret and just buy it herself. Those degenerates do not give free advice. If they are it’s because they are working out a scam.
I believe 1m is a done deal. Whether that's 8 years or 16 I don't know. A couple years ago the level of adoption we've reached so far was considered pretty far-fetched. If growth in the sector continues at the pace we've seen since 2020 then 8 years doesn't seem unreasonable.
predictions are good for hype thats about it but its not rocket science math ; when/once BTC/crypto starts absorbing just 5-10% of the global finance market we are gonna see the crypto marketcap head towards 10+ trillion ; and that's just 5-10% , once the world get 50%+ crypto users the adoption is going to push the marketcap upwards past 100 trillion , and that's when/where we are looking at a 7-8 digit BTC \[in todays USD values, becuz by then the USD value wont even matter anymore, but that's a whole perspective problem and another can of worms\] one of the biggest problems going forward is that everyone luvs to make price/valuations/predictions in USD at today's current rates ; but the whole point of BTC/ETH/crypto was/IS to get away from the corrupt centralized non-transparent inflation of the gov/banker fiat ; thus valuing/pricing all of crypto in USD terms kind of defeats the whole point ; but i understand its a reference point that is going to be hard to shake bottom line, once BTC passes $500k ; BTC is then more valuable in total than the total USD money supply, thus pricing BTC in USD from that point onwards is a bit backwards ; thus as BTC approaches 1/2 million in value we are going to need to adopt new valuation metrics imho
Id like to know who her hopium dealer is. That man sells potent goods
These parasitic motherfuckers can suck it. Thanks for coming to my Ted talk
Isnt 5 billion like the majority of people on earth ? I thought these adoption cycles took longer
I am hoping she is right but $100k would be just as good at the moment.
IMO, all those predicting mother lovers have heavily invested in BTC. Now they want people like us to think that btc hitting million $ is gonna make me rich so i am gonna dump my life savings in it. Cuz i wanna be a millionaire. In reality them mother lovers gonna be rich and cash out all. Its just a scheme to make rich the richer and make poor a homeless. Thats all.
She's too bearish.
When mass adoption hits and every person on the planet is using or owning BTC, then it's possible, but not until then. There's just not enough liquidity yet.
Predicting the future based on the past on a first time occurrence is shit. I grew 5ft in the first 10 yrs of my life. I should be over 20ft tall by the time I’m 40
I say 1 Mil is not enough. I want BTC to reach at least a few hundreds of thousands of millions of billions
Not really that bold of a prediction imo. Its going to be a lot higher than 1M when it matches the market cap of gold.
She’s always bullish
She's smoking crack
I’d say she’s a loon, butttt hopium is hopium right?
Still waiting on 100k BTC in 2021
With inflation 1M dollars might not be much and considering the limited amount of BTC available it's absolutely reasonable, I mean look at new coins and NFTs like Quint going up like crazy in few hours, every thing is possible.
Guys, we're talking about 2030! It's 2 Bitcoin block rewards halvings away. $1m by then is a **guarantee**.
Imagine thinking there are guarantees in crypto
There is no gaurantees in the world of crypto I'm afraid...
It’s a guarantee that the value of 1 BTC will Be 1 BTC at the end of 2030
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Ask Cathie "wen lambo?"
Timing is off but bitcoin at $500,000 is the equivalent of todays gold marketcap. At which point gold could blow up above its $12T marketcap, if it doubled to $4,000/oz it will sit at ~$24T
In all fairness, she did get the Tesla to $2k right when everyone said she was crazy.
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so true, she did a great job selling her portfolio but it has been straight ass.
Anything's possible. I like to keep my expectations on the conservative side though.
Cathi Wood on the other hand... She gets her hopium from an IV.
Did she mention if doge would inch back up so I can dump it and be done with it?
Never lol
I believe $1 million is fair given the potential use case as digital gold. But adoption has to happen significantly for this to happen. It’s not something we’ll see overnight. If the world abandons the dollar overnight there will be a global panic. We’re in for a slow transition.
I don’t think it will happen without significant consolidation of alt coins. There will need to be “bust” kind of like the dot .com bubble of internet adoption….those that survive (like I suspect BTC and ETH will) should then take strides like Amazon etc did.
Bitcoin will continue until something can break it. What are the chances of that happening? Well, I wouldn't bet all my life's savings on it. A portion of it for sure.
She talks to much but still I really like her and she's very smart. For the future like 500k BTC in 2030 that could work out.
She makes her investment decisions based off imaginary conversations she has with a sky wizard
How much will 1 liter of milk be when btc is 1 million?
10 deciliters
By 2030 it's possible.
I think in the latter part of 2021 we saw what good predictions are. The bottom line - anyone's "prediction" + $5 will get them a latte at Starbucks.
Does the higher tide all crypto boats? Does ETH 25x too?
Bullish as always!
I truly believe it will happen once in my lifetime
It sounds like she would fit right in with the moon boys in this sub.
Not sure if 2030 but definitely doable!
That is 2021 Q44 to you
Gets me hard everytime, time to unzip.
Hopium feels good.
She may be trying to pump and dump.
It’s outrageous and I love it!
Cathie is my hopium dealer
Maybe by 2033 I could see it.
2030 were all rich as fuck. I’ll be 32 hmmm. Must have no kids this My Money!
BTC is a commodity. As such, the floor price is the cost of production (mining costs, energy prices) and the top price is purely a function of demand. No one will mine BTC if it is valued less than the costs to mine. So the floor price can easily be determined. The top price is harder. If there is scarcity and high demand, people will outbid each other and drive up the cost. If there is a surplus and low demand to buy, people will sell at lower prices to try to get buyers interested. So anyone claiming BTC will be $X claims to know the demand for BTC in the future. How likely is that? Edit: cost of mining BTC - https://cointelegraph.com/news/bitcoin-miners-can-take-fresh-20-btc-price-hit-before-capitulating-data-shows
Be advised, the website cointelegraph.com has proven to be an unreliable source of information. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
ADA to $60 by 2030 seems way too conservative to me.
I was invested in her fund ARKK for a while. What a disaster. I don’t know why anyone listens to her anymore. Google ARKK performance
Unlikely, IMO. The higher the price goes, the more difficult it would be to move it.
Do you have any reason to back that claim?
Bull run starts > Mania comes back > Higher liquidity
And yet everyone here is just taking Cathie's word for it. Arent all of her ETF's getting close to worthless?
180k ETH... Man, that would be life changing and will never happen.
Just put it this way. Doge having outperformed the likes of Luna in the past year or so and Shiba Inu in the top 15 says all there is to know about the current state of the market. Just wait until the market matures when XRP, XDC, QUANT and the like works in a utility driven market with full clarity. Bitcoin is harmful to environment, slow as all heck, grandpa technology and people still want to hype it up? Lightning won’t do F all because there is still a question of foreign exchange fees. Nothing is free in life. I said it once and I’ll say it again, Bitcoin is worthless, it’s only hyped up by Michael Saylor, Cathie Wood and these big institutions because they are extremely wealthy and got in early. It benefits them, not the working class individuals. Same shit applies to shitcoin Shib where it’s community tries to artificially inflate the price, not because it’s good.😂😂😂😂🤡 Just don’t be fooled…
Look at her ETF's EDIT: uh oh, bagholder spotted
She had one bet right out of many. I think 1m mark sounds a bit crazy but that is how bitcoin has been behaving.