The Future of Bitcoin Is Very Uncertain
I know so much about the future of bitcoin in a macro sense, and so little in the micro sense.
- Bitcoin will destroy the ETFs with its normal moves up and down.
- Bitcoin will destroy all other assets / asset classes
- Bitcoin adoption will make satoshis a non-insignificant amount of purchasing power
- Everything will be priced in satoshis (except maybe super-yachts. Those may get a whole bitcoin)
But, in the short term, why is bitcoin barely at $100k when there are massive groups buying it? In massive amounts?
Is it now?
Will bitcoin really take off this year? Or in four years?
This is the million dollar question.
People are estimating that bitcoin will go up this year between a top of $250,000 up to $1,000,000. However, this is if the market stays the same. That adoption goes along at the same pace. And the dollar continues to exist.
However, the Dollar and the Euro may cease to exist this year. It is close, and the bond markets are already breaking down. And, at any moment, news could be spread that the Dollar is far worse off than anyone ever thought.
If the currencies collapse, then bitcoin skyrockets so high, that we won't be able to see its price.
How long will adoption take?
Let's say that everyone wanted to use bitcoin. They were all set to get on-board. How long until we would have a functioning economic system?
Sure lightning network is functioning, but is it up to the level where we can all use it, all at once? Not really. So, how long would it take to get the apps working to a level everyone can use them?
Thinking on this number (in years) is actually a really good determination of when bitcoin will hit adoption.
Unfortunately (or fortunately), we will probably have a lot of prodding by universe to speed up this process.
If the banks collapse tomorrow, we will still be using paper dollars for years. These things move so slowly.
Bitcoin's price?
There are two big things affecting bitcoin's future price. The existence of the Dollar as a viable currency. How many more people are there that are willing to sell bitcoin at $100k?
For people who got in long ago, who have thousands of bitcoin, $100k is an awesome price. You can get most anything for just a few bitcoin. Most of them are probably thinking that they have plenty to sell at $100k, and they will still have plenty when it is $1m.
However, the thirst of these big corporations and countries and states that want bitcoin is huge. And soon, the $100k bitcoin will be gone. Then it will probably spike to $1,000,000.
All that said, the demand for bitcoin is still small. In the near future, we will have millions of people, as well as every business wanting to get some bitcoin. If there appears to be a real panic about the Dollar collapsing, then so much more demand hits the bitcoin market.
Bitcoin will hit the million dollar mark, and keep going. And soon, there won't be any bitcoin on exchanges. And the only way we might know what price bitcoin is, is when someone lets it known that they bought a super-yacht for x number of bitcoin.
And, when the Dollar does collapse, then we will see an inversion in the price of everything. It will not be dollars per bitcoin, it will be coffee for 0.1 satoshis.
I believe that bitcoin will keep up its four year cycle. There is something more happening then just the bitcoin halving. It really seems astrological
There is so much left of 2025, and so much is going to happen. Can we pack it all into Trump's presidency?
All i can truly say is that, even at $100k, bitcoin is a great buy. You are not too late. You are actually right on time to buy in with almost zero risk that you are buying something that will just disappear into oblivion. (like so many other cryptos will this year)
Bitcoin adoption is close. But so is Xi da Pooh's attack on Taiwan, leading to no stuff from China for a while. And so is the Dollar collapse, and the Euro collapse. NATO getting destroyed by the Bear. So many secrets revealed…