What I don't understand is if Bitcoin can go to 126k why wouldn't it go to 1.26 million
it but for that to happen it would need to be trading at around the 750k range for almost a decade for people to willing to spend over a million for it, maybe in the 2050's we will see prices like that.
>>61055290it could*
>>61055236Due to market cap it's literally impossible for BTC to go to 1 million per coin.
>>61055293That's mathematical not true
>>61055236supply and demand. make it happen my little summer child.
>>61055344its possible with math but you're an actual retard if you think digits online would be worth almost 1/5 of the global economy. idk why its even 100k, money laundering? blockchain is useful but btc is just a token
>>61055344ESL
>>61055236It could.
>>61055459>1/5 of the global economyYou’re looking at GDP, not the asset market
>>61055236the easiest way i can explain it is this:look up the current market cap for bitcoin and then multiply that by 10if actual companies who offer actual products and services cannot reach such market cap why would you expect that a speculative asset propelled solely by fomo could do it?
>>61055459Are you fucking retarded?
Fiat has no bottom, so gold and Bitcoin have no tops.It's only a matter of time before Bitcoin goes to $1M per coin and gold goes to $10k per ounce. Obviously $1M won't have the same purchasing power as it does today when that happens
>>61056246On top of this, wonder how accurate bitcoin market cap is. Any bitcoin thats been lost forever shouldn't really be added to the market cap calculation right?
>>61055293crypto market cap is a spookit only represents the value of the network completely dilutedthe price is set on the extremes
>>61056348We don’t know what’s been lost forever. There are dormant wallets nowadays “waking up” from 2011 to cash in on 10,000 bitcoins that was once about $300 and is now $1 billion.
>>61055293you dont seem to understand how much money there is and how much printer is printing every year
>>61056348>>61056484I also want to mention this sometimes spooks the market, but then the price just readjusts. I’d say the only dormant wallet that’ll stay that way is Satoshi’s. If he moves even a fraction, people will flip the fuck out. But he’s either dead or afraid of being assassinated/taken hostage.
>>61055236It's going that high next year.
