What is Bitcoin worth?
YEARS AGO THE BTC ALL TIME HIGH WAS $69,000.00
$BTC hits ALL TIME HIGH AGAIN FOR ABOUT 1 HOUR 🙂
“Look at this #Bitcoin OG from 2010 selling some of his stash right at the top. Whoever this is, “Bravo! Well done. Hats off.” While I’m not in favor of selling #btc , this OG deserves respect for living through it all, every cycle, every bear decline, all the FUD,…”
Some folks are paid not to understand, so they don’t.
The majority of TradFi hates #Bitcoin simply because it forces them to question their assumptions about the world. It’s painful to break through the shell enclosing your understanding of how things are supposed to work. They are more comfortable just calling it a fraud or bubble.
What is Bitcoin worth?
There are a bunch of theories out there – lots of folks play with math to display their chart.
There is always another chart and I think they can throw all their stupid charts out the window. Nothing is what it appears to be. ~ NetHappenings
ARIZONA SENATE PASSES RESOLUTION TO CONSIDER ADDING THE #BTC ETF TO AZ STATE PENSIONS. Once passed this Resolution will ask State pension fund managers and State Treasures to study the #Bitcoin ETF.
Fred Krueger @dotkrueger
https://twitter.com/dotkrueger/status/1765380390951457245
Ultimately, the adoption of Bitcoin probably will follow an S curve, not a power law.
Bitcoin is 3,000 lines of code that define a new world money. This DNA replicates on autopilot.
We started in 2009.
Hal Finney predicted full Bitcoinization in 2045.
Let’s work with 2059 for simplicity (and caution).
So starting out at t=0, we hit 20 Million USD in t=50.
At this point BTC = 420 Trillion USD in market cap, or about 40% of world wealth.
We’re at 0.3% of that right now.
Up until now, this has behaved like a power law, growing at the 6th power of time.
But the years from 2024 to 2030 could be much, much faster. Like the growth part of an S curve.
We have the infrastructure for this now: the ETF.
We could get to the mid-point, 10 million inside of 15 years.
So, as useful as the power law is as giving some sense as to what’s happened so far. I wouldn’t use it as a guide for trading. In any kind of scenario like this, the best time to sell Bitcoin is NEVER.
[graph]
from a practical perspective. what this means
– we could definitely see acceleration in the next 5 years
– don’t sell your bitcoin unless its life or death
June 15th next all time High