You are viewing a single comment's thread from:
RE: Would You Buy Bitcoin at $1,000,000 ?
I would buy it for that much if I thought it could go to $2,000,000
Posted using Partiko Android
I would buy it for that much if I thought it could go to $2,000,000
Posted using Partiko Android
The value of Bitcoin can theoretically continue to double again and again because the gains it makes can't be inflated away by a central authority and given to the top 1%.
The limit of blockchain's value is the same of technology in general: no limit.
It all depends on how much of the old paper is allowed to get transferred into the digital.
Each transfer out is a block removed from the Jenga pile. Most of the derivatives will evaporate. But, at what point.
And of course, with a non-inflationary currency every thing brought to market makes cryptos more valuable.
If we get to $200,000 this bull run, i do not doubt that bitcoin will go from through $1M to $2M during the next.
There are too many pieces and too many wild cards to determine the height of this bull run.
But, i can guarantee that it will be a hellava ride.