growth is not linear, data shows that the price tends to stabilize over the years. Also if nobody wants to sell you need a few millions to move the marketcap to the magnitude of trillions so I think a 1MM BTC in 10 years is totally possible

as well as the bible and other holy books

Did anyone say it would continue at 200% per annum indefinitely? Obviously returns will subside as adoption/market cap increases and volatility decreases.

Sorry you missed out on the greatest wealth generating opportunity in the history of mankind. Spare me your “I’ve been in BTC since 2012” trope.

You keep bringing it up like it’s somehow relevant to people who are buying today.
Not 2012, late 2016. I was a crypto bro too but 5 years have passed and it still does nothing. I remember stories from back then that in 5 years crypto will be everywhere, mass adoption this, mass adoption that, ICOs for everything, all banks will shutdown. Literally none of it came to fruition, 12000 coins on CMC later, none of them is doing anything other than staking to get more shitcoins.

For me 25/50+ PLO have been way better wealth generating opportunity. You get the upside of bitcoin money pouring in and no 30% crashes if your Daddy Elon is in a mood for some trolling tweets.

Million dollar question, no pun intended, if Bitcoin is $1m in 10 years - how much would daily mining fees add up and where is all that money coming from? It is at freaking ~$60m today just to keep an inefficient ledger running.

$60M a day out, no money coming in except from new investors. What could possibly go wrong.

In 10 years the block reward will be at 1.56125 BTC per block. That's 1.56125*6*24= 225 BTC generated a day so $225M/day with BTC at $1M.

Sounds like a lot but not really. E.g. Americans pay roughly $33M a day in overdraft fees and America only makes up 5% of the world's population.

If BTC is at a $21T market cap it will have gone very mainstream and would be used in some form by hundreds of millions of people. Wouldn't be difficult for 225M per day to flow into the system.

Gone very mainstream? You cannot be serious, it’s on every social media 24/7. You have one of the most famous people in the world Daddy Elon talking about it for months. Other celebrities are racing to shill their own shitcoin. It cannot get more mainstream than this yet nobody is using it for anything. Unless you lived under a rock for the past 5 years, you know about Bitcoin. Odds are one of your broke cousins was shilling it to you at some point.

“Would be used in some form” - definition of Bitcoin. Inefiient solution looking for a problem for 12 years.

Something like 2% of the world's population owns Bitcoin. It has plenty of room to grow. With BTC at $1M it will be a very common allocation in 401Ks, corporate treasuries, central bank reserves and it will be legal tender in many more countries.

But the thing I don't get about BTC bears is why do you care so much? Absolutely no one in the world is forcing BTC on you. If you don't like it don't use it. What are you trying to prove and who are you trying to prove it to?

If close to 100% knows about it and only 2% own it you have to at least wonder why. You cannot compare it to internet in the 90s because it lacked infrastructure for mass adoption. Now everyone has the ability to buy BTC on their phone but they choose not to.

Don’t really get your 2nd paragraph. If everyone followed that logic, every online forum would cease to exist, including this one.

I’m not BTC bear, I want it to go up to 1mm as much as you do. Poker runs on people dumping money. Whether they got it from their business or selling btc makes no difference to me.

It seems as if a 6 year old has written this quote...

Ah high IQ dead giveaway, ending a sentence with … It seems as if anti vaxx facebook soccer mom has entered the chat.

People that bought a year ago are up 360%. People that bought January 1 are up 110%. Seems pretty relevant.

What's irrelevant is whether it returns 200% in 2030 when your decision tree is whether or not to buy today.

You mean other than the billions of people without bank accounts?

I was talking about US where internet usage is close to 100%. Billions of people in ROW that don’t even have a bank account have much bigger problems than storing their wealth since they don’t have any, they’re struggling to survive. Not sure how any of them is important for BTC growth. You need new suckers with purchasing power to keep the scheme going, not Mongolian shepherds.

@Johny

I do believe $250k is realistic, Dogecoin was at one point valuated higher than BMW or Shell, there is no end to human stupidity. Sprinkle in some Tether, all exchange’s having “technical difficulties” at the same time during sell off and we’re good to go.

Im not to sure about the 401k concept and bitcoin gaining ground in those .
Lot of retirees didn’t bother (or understood) the concept of why owning gold in a portfolio was good ( just look at gold from 2000 to 2008 before bitcoin got created) .
Why would they today with bitcoin ?

In montreal

https://www.youtube.com/watch?v=gIKhHXXJEIk

Lol this is how Bitcoin bros sound to nocoiners(people that are not in the cult)

https://youtu.be/GUs5y9leCyA

This too

Back in April, the use of Nexo, Celsius and BlockFi to borrow against your BTC was discussed ITT. I've had several BTC in a BlockFi interest account now and watched as the rate has trended to a paltry amount over the last year so I'm looking to do something with this BTC instead of just leaving it there. I believe the consensus was roughly this:

Is it possible/better to use decentralized options like AAVE instead for BTC? AAVE offers up to 80% LTV but presumably we have to use wBTC and the Ethereum network which makes it more expensive from both a risk and fee viewpoint? Additionally, stablecoin rates seem to be in the mid teens and variable rates are averaging 9% over the last month, so this approach seems expensive.

Did you do this in the end? How have you found it and how has it worked out? I'm considering doing something similar by borrowing against my BTC and buying BTC/ETH/SOL for the short to medium term.

Most people aren't handpicking what stocks are in their 401Ks. They choose funds. Those funds typically have a portion reserved for bonds, cash and cash equivalents. Those funds would benefit from taking some of that and holding BTC instead. Eventually they will. It's what Tesla, MicroStrategy and Square are doing already.

You think that kind of article never happened before ?
Those that have big 401k that could buy decent amount of bitcoin are the same ones in the 70s and 80s and yet, holding gold is very low still today .
its or they did not learn anything from it or they live through it and in the end it end up great ?
If they didnt move for gold back then, why would they for bitcoin today ?
its the same arguments....
Can we agree it is not gen x and generations after that hold the majority of wealth ?


ps: im talking for mass adoption obv.

yeah eventually i suppose.

You're the broke cousin now.

Not even close. If I was, I’d be more suspectible to get involved in get rich quick schemes. Years ago when I was broke compared to now, I believed all the nonsense bitcoin bros shill because I wanted to believe, it was an easy way to get rich. Same reason most lottery tickets are sold in lowest income ZIP codes. I have never met a HNWI(8+ figures) shilling crypto, using cultist acronyms like SoV, HFSP, FUD and alike. It’s always broke people who recently got in and have to convince themselves they are doing the right thing.

And no matter what my NW is, it will not crash 30% in a week because Musk was bored and decided to troll crypto bros. Store of value lol

omg guys chill the f out, let's just try to keep this about bitcoin and what makes it or prevents it from being viable

let's not compare who's cousin has given the most truck stop handjobs in exchange for room and board