Balaji wasn't wrong about #Bitcoin going to $1M, but he was wrong on the timing and the catalyst.
My $1M call is based on a massive rapid influx of institutional capital while Bitcoin available for sale is at historical lows, compounded by the halving.
His $1M prediction was predicated on money printing and banks failing. Those two things could potentially be a driver for a rapid run to $1M but not likely. The money printing already happened and then dried up. It will take a few more years for the market to adjust accordingly. As for banks failing, normies will just look for a "safer" bank. They aren't at the stage where they realize no bank is really safe and Bitcoin is the only option.
TL;DR: #1MBitcoin is in play.
Excellion / Samson Mow
npub1ex…pn72a
2023-12-06 02:22:20
Author Public Key
npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72aPublished at
2023-12-06 02:22:20Event JSON
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"content": "Balaji wasn't wrong about #Bitcoin going to $1M, but he was wrong on the timing and the catalyst.\n\nMy $1M call is based on a massive rapid influx of institutional capital while Bitcoin available for sale is at historical lows, compounded by the halving. \n\nHis $1M prediction was predicated on money printing and banks failing. Those two things could potentially be a driver for a rapid run to $1M but not likely. The money printing already happened and then dried up. It will take a few more years for the market to adjust accordingly. As for banks failing, normies will just look for a \"safer\" bank. They aren't at the stage where they realize no bank is really safe and Bitcoin is the only option.\n\nTL;DR: #1MBitcoin is in play.",
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