Crypto 100k Bitcoin in next 3 years.

Perth Mint tries digital alchemy, turning gold into cryptocurrency

 

Still no analysis? Give us one reason why it will x10 in value in three years?

Anyone can say “oh yeh look mate I reckon that house in a mining town, spec stock, Crypto will x10 in value. Or maybe that horse will win the race so I’ll chuck 10k in it” but based on what?

Each to their own.

 

It's a 10x return. Little bit of effort doing your own research won't hurt Or wait & you will find out when it hits the target .

Good luck!

 

Well you started a thread to tell us all that bitcoin would hit 100k in three years but can’t give us any reasons why, so I’d say you should probably do some research yourself. Personally, I wouldn’t waste my time.

There is no shortage of people who claim things like this about Crypto. The problem is none of them can back it up with any kind of solid analysis or fundamentals. Seems to me like you listened to them and just chose 100k as a nice round number. You obviously know what you know what your talking about so all the best!

 

How much did you buy?

 

You're kidding right? Bitcoin is the best performing asset in the last 10 years and you want someone to convince you it'll go up?

If you don't believe in it just move on already...

 

Don't get me wrong I'm not against Bitcoin by any means but you can't seriously look at something and say it has gone up for the last 10 years therefore it will keep going up. That sounds like you are asking for trouble by basing investment on how an asset has performed rather than why it has performed the way it has.

 

You're not wrong, but do you have any thoughts on why it is up more than 12x over the past 3 years?

 

Biitttttconnnnnnnnnectttt

 

Ok cool, so that’s the last 10 years and what next? Why 100k? Why will it keep “going up”? If your main/only reason for investing is past performance you will probably have a tough time in the future!
Peace.

 

You're missing the point. I've already made my gains from bitcoin. Up over 200% since January.

The question is, why are you asking? You're right it may not keep going up. You've already missed the boat. So move on...

 

If demand continues to increase or even remains steady, while the rate of new supply continues to decrease with each halving, you would expect the price to keep going up.

Why might demand increase?

• Institutional interest in DLT
• Concerns over central bank easing (i.e. debasement, where Bitcoin is seen as fixed/known supply)
  
• Improvements to the protocol or layers, making it more useful
• More people introduced to the fundamental nature of Bitcoin and come to understand it

What reasons do you think demand might decrease?

 

I’m sure you have! Great rebuttal, still no reason why it will hit 100k in three years though! Disappointing.

 

It's disappointing you think others should answer questions, when you aren't.

 

Well to put things in perspective, it'd be more disappointing for you if the original poster's prediction of 100k in 3 years came true.

Imagine if you had no exposure to bitcoin, and were still waiting for someone to inform you of the reasons why the prediction would come true...

What a huge missed opportunity that would be.

Just to humour you, Yale and Harvard Universities are already investing in bitcoin / cryptocurrency. They might have seen something in it, researched it, and decided to invest in it.

If you really want a reason how about you take the time to research if for yourself.

 

I already mentioned that I believe Crypto will become heavily regulated in the future. I don’t like to repeat myself so have a look at my previous posts to find the answers you seek!

 

I’m not saying it’s a bad investment but asking for some ideas on why it will be at 100k in the next three years?
You started a thread to let us all know you think it will get there but can’t provide any reasons for this. Past performance is not an adequate predictor of future performance.

 

You don’t need to know anything about bitcoin, all you need to know is that governments around the world are actively devaluing their currency with the money printers set to high..

 

You are probably right, but once regulated it is more likely to be attractive to larger funds that can't invest in it otherwise. I would consider that net positive.

Some projects are aiming to work with regulators: Facebook CEO Mark Zuckerberg to Testify Before Congress Over Libra

 

Ok thanks for that I think it’s called inflation. Nothing new.