Bitcoin can go down 30-50% from here AND IT WON'T CHANGE ANYTHING. People will still say 'it's over', 'crypto is dead' and all the same things they said the last times, and anybody thinking that inflation and interest rates and a recession or hyperinflationary recession combined with a loss of U.S. Dollar Reserve status will mess with Bitcoin... no it won't. Bitcoin will be at $1,000,000 or $2,000,000 per coin, maybe even $5,000,000 per coin by 2030 because the fundamentals haven't changed. Bitcoin is the best money in the universe. Gold might be about to go up to $10,000 or $20,000 or whatever, and they might even re-open the gold window and reevaluate gold to $100,000 an ounce or whatever the number is officially, but it wont matter, Bitcoin will still be the currency of choice of the most brilliant people on the planet. You don't need cash anymore, you don't need property or 'real' things that physically tie you down and are heavy and annoying to move around. You just need Bitcoin. If you understand that, then you're with us! Crypto might be about to go down a lot, but if it's $1000 or $2000 a coin, you'll see an unbelievable amount of buying and it will immediately skyrocket back to $100,000 a coin because the network will actually be stronger as a result. Michael Saylor WILL NOT get liquidated, ever. He can always raise cash by selling MSTRY shares, like he just did in order to create a strategic reserve of US Dollars, just in case. Saylor also said it himself that when/if bitcoin goes back down to $1 or $2 per coin, he still won't get liquidated. This rocket ship might have to crash before it gets going again but IT WILL GET GOING AGAIN.
what if theres an oil shortage, gas prices double, theres riots in the streets over cost of living, and individual anarchists start destroying electrical and internet infrastructure?would you still hold?
>>61783961I would drive to a coffee shop to charge my phone to get access to my crypto or charge it with solar or whatever it takes. In some examples, like a war, civil unrest, cyberattack or severe weather etc, you'll also need to find a way to connect to the internet, so might need starlink unless the government wants to intercept you, and blocks the starlink like in Iran recently, in which case you can also just transact with the crypto peer to peer over LAN maybe or maybe even in person i'm not exactly sure.
