AskLeo - Wen $1 Million BTC?
The world is changing and it's doing that right before our eyes. The past couple of years has impacted humanity in such a way that the past few decades couldn't match it.
The digitization and tokenization of everything is no longer a question of if, but rather when. Bitcoin, as many are claiming, is the second most disruptive piece of technology after the internet itself.
Price-wise BTC is currently in a bear market ranging between $28,500 and $32,000 for quite a while. It might take a couple of years before it manages to revisit its past ATHs, but I bet it will surely do that.
Probably even before its 2024 halving, which is less than two years away. Some crypto heads see it touching $1 million by the end of July 2024, as in the pic from above, but I personally doubt that.
Don't get me wrong, I believe that at some point BTC will indeed be a $1 million dollars asset in a class of its own and soaring inflation will play an important role in this regard, but I personally don't see BTC that high during this decade.
My take is that Bitcoin will continue appreciating in price in quite an exponential manner, but I would see these bubbling phases applying more to the whole spectrum of cryptocurrencies rather than just for BTC.
I believe that the exponential growth of blockchain technology is going to be heavily impacted by projects like Hive, Splinterlands, Axi Infinity, STEPN, BSC, and so on... However, during the past 24 hours correction BTC seems to be holding pretty well in comparison to ETH for example.
What's your take, by the way, on when BTC could reach one million dollars?
Thanks for your attention,
Adrian
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I think maybe in the next halving retail investors will be less willing to put in money into BTC because the hype will be less believable.
So i am not optimistic that the spike will be enormous.
Retail is pretty much on the sidelines right now.
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Depends. If USD is destroyed (hyerinflated) or becomes worthless and replaced, what does any number even mean?
True
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It will take him as much time as it takes to move to zero. I wouldn't be surprised if bitcoin does both surprises)
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Bitcoin will never go to zero.
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This is the same unfounded statement as bitcoin for a million)
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I think that price is a sure target for BTC but not just very soon. But, it'll only take a lot of adoptions and developments to achieve that BTC price.
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I think it will take around 10 years. While everyone says the dollar is worthless, it isn't going away anytime soon and the institutions will want to accumulate more at lower prices.
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Found you on listnerds and voted there because vp is too low here, Xawii is you or someone else?
Someone else
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If it's not you, does that mean you pay someone else for marketing? Doesn't matter, if it's not you I won't vote again for you on listnerds, I only have 3 votes a day or so.
No. I don't do that.
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i don't know if it will ever reach $1 million but i know it will drop to about $3000 again after it goes to $15,000
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You're kidding right?
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Yes because we been feed a false narrative. bitcoin is corelated to the stockmarket.. specifically tech stocks and i suspect the stockmarket is due to a super big huge crash
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what about a wager? how strong is your faith in bitcoin? if 2023 doesn't see a $3000 btc i'll wager 500 hive? Are you a penitent man at the altar of bitcoin? how strong exactly is this faith?
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lol you can't even afford 500 Hive.
in 2023 500 hive won't even be worth 5 bucks lol
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Adrian, I am with you. BTC will most probably go to 1 million Dollars but not within the next few years. Halving in 2024 will bring it maybe to 300-500k.
As for Hive, I hope we Will Play a decent role within Blockchain Gaming and Web3 Social Media. That will probably bring Hive in the direction of a double digit dollar price. Not before 2025/26 in my view.
Regards Thomas
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Hive so far is performing great.
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