I agree Bitcoin is likely to trade at 400k
At some point in the future
Because Bitcoin is scarce
USD is not
They will print more of it
And banks create it by giving credits
But
Two things we don't know
1. When, it could be decades
2. What the real purchasing power of $400,000 is going to be at that time, it could be similar to today's $40,000 if the price up is purely because of inflation from printing
Or am I overcomplicating this?
Look at the long term gold chart
1980 , $600 all time high
Then goes down to $300 and stayed there until 2008. Almost 3 decades.
I mean, don't get me wrong.
I'm bullish, not to say bullshit 😀
My future depends on it
My hopes depend on it
But I don't think it is certain...
Anyway, let's humbly hope for 400k .
call me anonymous
npub1ux…cjq8g
2024-01-25 19:25:59
in reply to nevent1q…eut5
Author Public Key
npub1ux8j4s89smjyaye48dc6pasutmgsnasj2ve6urlxlutu50hly3fq4cjq8gPublished at
2024-01-25 19:25:59Event JSON
{
"id": "e5d41a228b95e89c808e43027f9cc37e515a040032fc03852c861b62502c87b4",
"pubkey": "e18f2ac0e586e44e93353b71a0f61c5ed109f6125333ae0fe6ff17ca3eff2452",
"created_at": 1706210759,
"kind": 1,
"tags": [
[
"e",
"a3bb6e4c4ad3009959b78b2de4d1b38abb8bfd6a3a43b5afa04fbf6ce312653c",
"",
"root"
],
[
"p",
"1afe0c74e3d7784eba93a5e3fa554a6eeb01928d12739ae8ba4832786808e36d"
]
],
"content": "I agree Bitcoin is likely to trade at 400k\nAt some point in the future\n\nBecause Bitcoin is scarce\nUSD is not\n\nThey will print more of it\nAnd banks create it by giving credits\n\nBut\n\nTwo things we don't know\n1. When, it could be decades\n\n2. What the real purchasing power of $400,000 is going to be at that time, it could be similar to today's $40,000 if the price up is purely because of inflation from printing\n\nOr am I overcomplicating this?\n\nLook at the long term gold chart \n1980 , $600 all time high\n\nThen goes down to $300 and stayed there until 2008. Almost 3 decades. \n\nI mean, don't get me wrong.\nI'm bullish, not to say bullshit 😀\nMy future depends on it\nMy hopes depend on it\n\nBut I don't think it is certain... \n\nAnyway, let's humbly hope for 400k .",
"sig": "81f52accaaffa0f97185e450da5d8a52df8d68907124c5f8899612bf7315f86f596fc160a1db460190117426df96aa79917c30f919c4850ab8624c78360f4b20"
}