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RE: Could bitcoin hit $1,000,000 by 2022? (warning:click bait)

in LeoFinance3 years ago

I've always been against short term trading. I don't judge people for doing it and I'm happy for them when they win but I don't pity them if they lose everything either.

I look at all of this as an investment, a 1-2 year investment if you are trying to change your life situation quickly and a 5-10 year investment if you wanna compound that or just hedge. Trying to win big in a few weeks or months leads to bad decisions.

I think bitcoin will hit 1 million before 2030 or earlier unless some serious competitor comes along that has the backing of multiple nations or companies. Libra or a CDBC seem to be the only serious contenders but they are moving slow, and obviously I prefer bitcoin. Ether is very different to bitcoin so not competition

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I would be more conservative and I think Btc could reach easily 250.000k by next halving season and 500.000k in best scenario . Greetings friend!

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