Wences Casares, a director at the well-known service PayPal, did an awesome analysis on why the prices of BTC could reach 1M by 7-10 years.
In the sources below you can find both the summary and the full article, depending on the level of information you want to get.
Some key points that I want to discuss are:
- BTC won't replace USD or any other reserve currencies, but operate on top of those.
- 10 years of BTC working without issues
- 1M new holders per month and 1B moved on daily basis
All those numbers are pretty amazing, that's why we can say that BTC as investment can be extremely asymmetrical. While the probability to go to zero are surely there, those are unlikely given how many years passed since foundation and the use and daily volume of the coin itself (that's put in prospective at 20%). If BTC keeps getting ground and new user, we can see an explosion in price over a long time frame.
What do you guys think?
Are you bullish or bearish?
My first stop goal is 10K in SP!
Possible...try probable :)
!dramatoken
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A well deserved @dramatoken. And my first one as well! Thanks @heyimsnuffles, I'll edit that
You've got
DRAMA!To view or trade
DRAMAgo to steem-engine.com.Hope so! 😂😂plus the “halving” in 2020. Not to sure about 1 million, but regardless there is a huge upside!!
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