He says bitcoin will be 13 Million in 20 years, 7% of all the money in the world will be in Btc and that it will do a 144x from here.And what about alts? This sounds totally crazy.
He'll be dead in 20 years that's why he's saying it
no i dont believe it, i think it will 10x, but its not replacing gold in a single generation thats dumb
>>59241179I like bitcoin but this guy is deluded.
>>59241179BTC will be dead in 20 years 100%
>>59241192Doesn't seem dumb considering Bitcoins trajectory of the past decade.
But what if it crashes in the next few years first?
>>59241179Fiat money is broken. They need some kind of solution and they certainly don’t want the goyim trading untraceable gold and silver
>>59241347Isn't the moment you go buy the rocks entirely traceable. I know 90% of rock collectors aren't buying 2nd hand
>>59241357Yea I suppose they can dig that information up but the secondary market is huge and impossible to trace, whereas every single bitfuck transaction would be registered on a molecular level
it's plausible.at this point there's a giant lobby, there's precedent, elite people and institutions have bought in.what scenario is there for bitcoin to just go away?it's just much more efficient and transparent than gold reserves, the bigger it gets and the more financial instruments are available the more likely it is that everybody will have some exposure, directly or indirectly.
No comment
>>59241347this. fiat WILL collapse, even the cb kikes know this. gold will not be allowed, or even allowed to be encouraged or incentivized, thus a "digital gold" needs to exist where these powerkikes can tax you to death for transacting.
>>59241299it still could exist, but with a low price dont you think?
>>59241649btc will never go to 0 in 20 years, it's just not going to happen
>>59241299Because... Just because!Buttcorn is that way tranny
>>59241579What's the value of 127 terrawatts of power per year?
>>59241579Bitcoin was developed and created to fix the problem of continuing to print dollars out of parchment in which requires chopping down trees.Bitcoin is never going away. Its simply superior to fiat in every way imaginable and that gives it the value.
>>592411791 Million is possible, but crazy. 13 million is total delusion. I could see BTC being a 400k stable coin, but 13 million?
>>59241939Let's say that bitcoin continues to become more mainstream with huge corporations buying to the point that everyone with wealth wants some crypto exposure. It's an often reported point but there's not enough BTC for even 1/4 of millionaires to have a full BTC. There will be a massive supply issue, who knows how high we go from there?
7% doesn't sound like much considering how inflated everything will get.>sounds crazyTo play double's advocate his company is literally a 1.5x LETF on bitcoin so he benefits from saying "my company will be worth a gorillion dollars" but I also don't think it's that crazy.
>>59241192Gold will also go up.
>>59241179that's a common view, here's an in depth analysis by the vaneck guyshttps://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-bitcoin-2050-valuation-scenarios-global-medium-of-exchange-and-reserve-asset/just viewing it from one perspective.If you want the conspiracy stuff check out whitney web talking about itBasically US intelligence agencies/silicon valley billionaires see the debt is something we cannot deal with so they are basically going to rugpull usd and gold and put it into btc, and get the rest of the world to use stablecoins so everyone can be dependent on the US for basically a us controlled cbdc.alts will go to 0, there is literally no point to any of them. If someone figures out a good defi thing that might stick around, everything else is obviously a pump and dump scam. I like the thorchain lending stuff but idk if that will work. If you can just use big banks to get yield that's insured people will prefer that. The question is who will hold stuff for 100 years, people will hold btc. There is still no point to things like eth or sol and no shitcoins don't count. If you follow the tradfi etf stuff (which I do very closely) they basically cannot figure a way to market eth or convey it's purpose to anyone lol. It's a scam. There is no second best.
>>59242092btw here is their bull/base/bear case based exclusively on a % of international trade being settled in BTC.Their bull is 52 million by 2050 lol, that's just if 20% is settled in btc.
>>59241187brother don't say things like that's close to wishing ill health on others and you know what that brings you right?>>59241192Gold replaced silver in one generation or two max and this was 3-4 centuries ago. Bitcoin can replace gold in one generation easily.>>59241299no coiner detected>>59241579It's hard to believe people like this browse biz>>5924193913 million is easily achievable with a very modest allocation from the current asset pools.
>>59241179I think MicroStrategy stock collapses, starting in the following 12 days
>>59242518He'll be 79 in 20 years, people die at that age, get over it
>>59241880Good question
>>59242659>people die at that ageNot in a post singularity society
>>59241939>1 Million is possible, but crazy. 13 million is total delusion. I could see BTC being a 400k stable coin, but 13 million?you just don't understand.it's ok, most do not.
>>59243796I am retarded. What should we understand?
>>59241179I believe that, and when it does, I'll be making $50k a month from staking BTC on ExSat
>>59241179I unironically do believe it
>>59241192>no i dont believe it, i think it will 10x, but its not replacing goldThat's only less than 14x from here.We just surpassed silver market cap a few weeks ago.
not long ago, bitcoin 94k would have sounded ridiculous. yet here we are
>>59241179Auradex gonna launch sol to $400 ez, lower fees and crazy meme’s is all we want!!!
> And what about alts?Zero.
>>59241343More time to stack.
>>59243999trips. yes.
I don't really care if it was 1 gorillian in 20 years, ill be mid 50's by then, I need much more much sooner.
>>59241939How much is saved into equities every year? Why use an unfixed unit of account with counterparty risk when you could save in a trustless fixed unit? As btc gains capitalization it becomes more and more rational for low risk actors to use, massively increasing its demand
>>59243959100k btc has been on the cards since 2017
>>59243999checkedhowever in addition to your image there are multiple kinds of oligarchs battling it out with each otherand right now the tech oligarchs completely decimated the old money oligarchs and the new bosses like the efficient competition of things as they know it results in more things being made/inventedso that pic is too bleak for our current situationto drive this point home jd vance in veep now and probably next in line to take over the maga movement
>>59241179It was a shy careful public estimate. He thinks it will go bigger, faster.
>>59241842because it has no viable post-quantum migration pathway for millions of coins.
>>59241179yea sounds crazy until someone tells you in 2011 the corn will one day be 90kUSD..
>>59244113https://arxiv.org/abs/2410.16965here you got, its a bit rough but the path is there
>>59244047for who? i still have people telling me it's all irrational
>>59243796>ginger>giant>gyattI'M GONNA COOMAAAAAHHH
>>59241179this is the same guy who thought Bitcoin was a scam when it was under $100, now he's a late as fuck baggie with and average DCA of more than $50,000 and hoping for super moon status.
>>59241179No btc won’t bug the total crypto mcap may increase 144x but that’ll be mostly in utility coins like chainlink
if theres no bitcoin left to buy the price will just keep going up, no? like surely at some point it will happen, it's just a matter of when.. ffs countries are starting to hoard it.
>wake up>bitcoin up 5%>microstrategy up 15%I am actually fucking retarded. Why did I invest in garbage like AVAX. If I just went into MSTR in september I'd be up 4x. Fuck you AVAX.
>>59241179There was people that claimed Bitcoin would reach $10,000 in 2011, around the time Bitcoin just reached $1. They were called crazy and deluded as well, because there was no chance in hell a made up token from an obscure open source project could ever be worth that muchAnd if you asked them to explain *why* they thought it would reach $10,000, they couldn't even come up with a cogent explanation. The most wild eyed of the bunch had some blurry idea that game theory might have something to do with it, but how would game theory even apply to a project that a few hundred nerds run for fun? It was pure, unadulterated wishful thinking. > Maybe my tokens are going to worth a lot of money someday, because I want it to be so.Let that sit in for a second.Because not only did they get their wish, but maybe this is where the arrow of causality is pointing.Maybe one of those early bitcoiners is not like the others. Maybe they wanted Bitcoin to be valuable, and therefore it became valuable.It makes roughly as much sense as any other explanation for what has happened so far.Which would leave us with one important question:What do they want to see happening next? Like, really really want.
>>59244786Artist depiction of the Meaningful Bitcoiner.
>>59241179all the rich people are buying bitcoin. line only go up
>>59241939>$5 is possible, but crazy. $100 is total delusion. >$500 is possible, but crazy. $5000 is total delusion.
ehh
>>59241880What if someone discovers a use case for Bitcoin mining hardware which is more profitable than securing the Bitcoin network?
>>59244915Kek, the hardware is specifically used to mine Bitcoin. It's like asking what if water wasn't used for drinking anymore, but for creating plastic dinosaurs.
>>59244915>>59244957That hardware is good at exactly one thing: Computing SHA-256 hashes.That's it, that's all it can do.Strictly speaking, that's not limited to mining Bitcoin, but good luck conjuring a more profitable use for such specialized hardware.
>>59241192Paper gold killed gold forever.He is wrong though. It will do that in less than 8 years.
>>59241192The next generation doesn't care about gold. The past generation is fucking losers.Go mine more gold and then find even more on an asteroid or another planet when we go to space. I'll sit on my finite number of bitcoin.
>>59244326i will give you a 1/10 score for reading comprehension.1) i said viable. did you even read that shit?2) interactive migration only works for UTXOs that are not lost. about 3-5 million coins are directly exposed to quantum computers and we don't know how much could even possibly migrate.3) the post-quantum witness sizes are stupid big, they will create a huge bottleneck if it's done in a retard way like this.4) bitcoin dropped like 25% on a "maybe some MtGox coins might get dumped" which is nothing in comparison. bitcoin would have no price to speak of when this happens, which means miners will not produce blocks anyhow.tldr it's fucked beyond repair. the only way to salvage it would be to fork out coins that refuse to migrate before q-day. but that would be theft. won't have consensus, neither would the block size increase required.
We're not even in the start of wide spread acceptance. Ask most people and they'll say its a fad. Even if they're buying bitcoin most of them are just gambling short term movements. Saylor is the only one investing multiple billions into bitcoin and normal people still buy and sell to seek profits in short term movements and miners are still selling coins regularly.
>>59245065> 2) interactive migration only works for UTXOs that are not lost. about 3-5 million coins are directly exposed to quantum computers and we don't know how much could even possibly migrate.You seem to be counting UTXOs for which public addresses have not been exposed as vulnerable to quantum attacks. Is it because you're aware of some new developments in quantum computing, or is it that quantum will ineluctable makes the impossible possible and we'd better just get used to it now?> 4) [...] bitcoin would have no price to speak of when this happens [...]Alternatively, Bitcoin would have a high price which would give a lot of people a lot of incentives to get this fixed.Who knows tho.
>>59245288>You seem to be counting UTXOs for which public addresses have not been exposed as vulnerable to quantum attacks.no actually it's not just P2PK but also everything in taproot and reused addresses.
>>59245360Yes, that's what I meant. If the public key behind an address has not been exposed, there's no known quantum attack against it.So a whole lot of early block rewards remain out of reach, for example.That could change, but if it does, it's a brand new world in many other interesting ways.
>>59245371the early block rewards are P2PK, they are fully exposed. so is taproot, the external pubkey is the taproot address.also eventually all pubkeys are revealed in the witnesses. now in a rush to the exit congested period maybe for long enough time to get taken. it's hard to tell how much this can sneak up on us, but i can tell how human psychology will react to even a whiff of this mess.that's why i said bitcoin will have no price to speak of.
>>59241192At $13m, btc's market cap would be about half of golds global market capIt's not that crazy
>>59245065there are ways to fix the problems, and a lot of economic incentives (1,8T as of today) to do so. I'm not a maxi, but btc is not going anywhere that easily. Quantum computers would also be able to steal the money from your bank account and fuck the entire SWIFT system, do you think they are not gonna fix that either?
>>59245411everything on the exchanges will get immediately market dumped, and people will not buy the dip because they will have no idea if the exchange will have any coins to send to them.this ofc will cause the hashrate to drop off the cliff and the chain to stall. furthering the panic and putting additional sell pressure and more urgency.there is just no way to get out of this nicely if it does happen. except for literally migrating ahead and burning the legacy coins. but that would not be bitcoin. that would be something else.
>>59241179What will be the price of LINK by then? still $10?
>>59244749DATS A MAN!
>>59245418>a lot of economic incentives (1,8T as of today) to do sothat won't exist when shit actually hits the fan. see: >>59245437>Quantum computers would also be able to steal the money from your bank account and fuck the entire SWIFT system, do you think they are not gonna fix that either?not comparable. first of all the internet infra will easily migrate ahead of time to larger keys and post-quantum schemes. something bitcoin can't easily do, because of the block size limit and also because of the nature of it's ledger.that's assuming it's public key cryptography that secures the bank ledgers... it's not.
>>59245451when quantum computers come, bitcoin will absolutely by far the lowest hanging fruit.people need to deal with this fact while there is time to position accordingly. it's about 10 years out give or take 5. we can still get a nice bull here. maybe one more after.
>>59245464 i get your point but i think the big players getting in the game (aka blackrock and co) changes the things a bit, i bet the narrative to migrate starts after the next big dump
>>59245475that would be something. for now the complacency is insane among the users and the devs as well. nobody takes it seriously.we could start building safeguards into wallets and stuff (alternative spend paths that are post-quantum just have to fork in when needed), but it should be happening rn not 5 years from now.adoption of any new upgrade takes many years. lot of time needed to design app layer stuff with decent ux too. and we don't even have protocol level specs. that alone could take years.
>>59241192gold is completely useless in the age of the internet, fucking boomer
>>59245517it's also completely quantum resistant.it has been utter dogshit this past decade, but i plan on having a pile within 8 years.
