Bitcoin Forum

https://news.yahoo.com/bitcoin-could-return-68-000-135232771.html

Recently i came across this post Michael Saylor says Bitcoin could return to $68,000 within 4 years and hit $500,000 in the next decade..

The time line of 4 years seems very long... What's your opinion regarding this statement

Whatever he says is speculators, he doesn't in any way has concrete prove that this can be achieved.
What if in 4 years the price of BTC plummet to $5k?

If we are to listen to very analysis out there, then BTC should be about $100k by now, but apparently, that is not the case.

So, personally, I don't believe everything I see out there.

Upon reading the title, I thought that we've some other person who's surname is Slayer. LOL

Well, every price prediction is possible even the lowest that one can say like $3k again or $1k or any lower. Bitcoin is volatile that it can be at those prices that we're not expecting or has been predicted by him or by any other guy in the market.
We're in a speculative market and it runs with speculations that anyone can say.

Michael is extremally smart and his understanding of the technical/engineering design aspect is on point.

He has a strong vested interest in pumping the market. Seemed like he was cranking out vids on the daily.

Where he went off the road is trusting that the market would do the "right thing". It's not a viable storage of wealth (yet), it's a volatile invest. I use it to send money quickly with less fee's.

BTC pretty much tracks the tech sector and the fed, so as for now it behaves like a stock.

Eventually as it's market cap increase 4-5 more trillion via institution it may become a lone actor.
 

$68k within 4 years is a safe bet.. its like saying tomorrow the sun will rise

though its not pushing any boundaries of going to exaggerated amounts. so its not like he is suggest a foolish pump and dump this year

in essence its no news.. and requires no drama

I think that Saylor is afraid of being too bullish because he made that mistake once and is making his predictions too bearish. 60k in 4 years is a very bearish prediction because in 2, after the halving, we should be in a strong bull market.

I don't need 60k to unload my coins, but I also don't want to see it being manipulated into a downtrend by politicians who are afraid their fiat currencies are dying.
It's their goal to make bitcoin, gold and stocks look like a bad investment that are losing value. It's all a big lie.


Unfortunately analysts cannot predicts random events like pandemic, war, or the US government pumping dollar's price.
Bitcoin should be trading at least for 25k USD at this moment but it's not and the reason is not bitcoin's weakness or mistakes of those who made higher predictions. Sometimes people just don't want to give you your money's wort due to economic conditions and it dosn't mean you have to sell below the real value.

Price at a given time is not value, pretty much like when you get offered a very low paid job. If you value yourself, you decline such offer and wait for a better one.

bitcoin does have an underlying value. as do jobs

min wage in america is $10/hour. meaning everyone should turn down a job paying less. and no one should accept such job.. this is the bottom underlying value of fiat. the minimum secure and supported value all people think is the minimum..

peoples individual values(sentiments/emotions about self worth and price) can vary which are all values above that limit. however fiat has a underlying limit no one sells themselves for below.

bitcoin has one too.. no one on the planet is acquiring (mining or private OTC purchase) bitcoin or trading on markets for under $15k. thats the current bottom limit underneath the speculative market bitcoin also has a upper limit. the amount every person and their mother can acquire bitcoin for less that. and that limit is $90k at the moment

the market price is volatile but wiggles up and down between these limits.

right now the top limit is about $90k so no way is there going to be a $100k bitcoin in 2022

yes $68k can happen anytime with the right rally.. but a save bet is that it will hit the $70k mark again in next 4 years. its like common send using a safe number in a large buffer safe time schedule
much like saying in the next month you will use the toilet.

no one can predict the exact price of any future given moment but you can see the bottom-top windows and calculate mining vs hashrate costs to adjust that window and see where the future window may lay at any given hashrate .. to know the realms within that the price will speculate(wiggle) between

Bitcoin is a speculative asset and at that anyone is free to make a price prediction but the reality is what matters, Bitcoin is a highly volatile and unpredictable asset and for a prominent personality like Michal Slayer a pro-Bitcoin and a stock market analyst whose company revenues starch in Bitcoin, it clear that he may have misunderstood the concept of the market.

I won't say he is trying to spread any false predictions as what he predicted can become the reality if all odds work in favor of his predictions, but then again we can rely on just a comment of a Bitcoin holder and basing any investment decision on that since he is just speculation the price of Bitcoin in the next 4 years or a decade ahead.

$68K can be reached anytime from now on we don't even have to wait halving to enjoy the climb. What is the reason, I only think about the support of institutional investors. Yes, institutional investor support will really help the bitcoin price to grow and is very bullish even though the halving hasn't happened yet.

There is huge potential for that price in the future regardless of whether it can happen this year, next year, two years down the road or after the halving. But this is only a possibility even though the optimism from bitcoin's history can help anyone survive longer.

I guess 4 years is already long enough to expect a $68k price for bitcoin. It may even be possible by next year once the bear market is over and bullish season will start to enter. With positive news that are expecting to hit the market that will create a huge impact on the price of bitcoin, that way bitcoin will easily touch $68k even before halving happens.

We must not expect much out of this, he gave his opinion and that is it, bitcoin returning to the previous ATH in a four year window is a reasonable prediction, so there is not much we can say there, and about bitcoin reaching 500k during the next decade, who cares? If you are a long term holder and you are planning to hold for that long then it does not matter if bitcoin reaches 200k or even 500k dollars per coin, what matters is that you will be in a better economic position than the one you are currently experimenting.

Its becoming a culture in crypto and speculation has something to do with it. Speculations are already keeping new users coming in crypto in hopes to get rich every 4 years. $68k in 4 years still is somehow high still but its happening ever after halving. The trend continues to higher ATH to higher ATH.

Given the current economy and people starting to look at BTC because they can't trust banks? $500K in the next decade is very possible.

I am more convinced with the 4 years price target on Bitcoin by Michael Saylor, it's like we will visit again the all-time high in just a span of 4 years which. But for the next decade, $500,000 for me seems impossible but we'll never know, we never expected the growth of Bitcoin in terms of price especially when early days of it, maybe we will just touch 6 digits price or sideways to 5 digits to 6 digits price.

the concept of the market is more than just the speculation

imagine i asked you "what are your life values"
you would tell me about your morals, ethics, desires and opinions"
which may not match everyone elses

thus "values" are speculative and individual
peoples values are subjective and varied and yes volatile if trying to measure them

but bitcoin has an underlying value(.. singular not plural).. an amount no one wants/can go below

no where on the planet can anyone acquire bitcoin for less than $15k right now by any means imaginable

call that the bottomline..the no mans land border. the underlying value line

above that line are the subjective and speculative values of individual preference/reason

then at the top is a limit where no one is willing to go above. where the price is soo premium even the most eager investor things enough is enough. because even in the most expensive mining cost region of the planet everyone including their mother can get bitcoin cheaper by other methods than the public markets

this window can be defined. and the speculative price does sit within this window

you cannot predict the price at any given time. but you can see where the window will be to work out that $250k right now us 2.7X above the top of the window. and 12x above price. thus not really in the realm of realistic possibility for 2022(now)

$50,000 bitcoin was a dream 11 years ago, but that worked out pretty well for those who believed it.

If you buy at $50, if it goes to $70,000 does it really "crash" to $19,000?
Hodler's don't worry about such statements. We just hodl.  And over the years, our perspective of the value of Bitcoin matures. We don't only put a USD value on it.
$19,000 is the new $50.   In 11 years, you'll hardly believe you were so wise as to buy at this price.

LMAO.

I also think he is playing safe. As I have commented in another thread on our local board, I believe that just as last year, in a bullish scenario we had exaggerated price predictions, now, in a bearish scenario, we are probably seeing predictions below what the market will return.

We all like to see the price go up but I am not so much concerned about the price as I am that we are heading towards a future with more and more government control, and bitcoin gives us a space of freedom.

My opinion is that Michael Saylor is going to say that Bitcoin is going up forever, because he's literally said already that Bitcoin is going up forever.  His reputation, company, and wealth are all tied to this happening, so of course he's going to say that.  I'm not a huge fan of Saylor promoting Bitcoin like a Ponzi scheme, but most shitcoins are seeing even more bulltardesque promoters so I guess it's not the worst thing for Bitcoin to have one as well.  Although I would argue the amount of Bitcoin Saylor has amassed in itself is a negative for Bitcoin and if one man ends up with unfathomable wealth, then maybe Bitcoin isn't doing what it's supposed to.

Mate if you think that a  3.5x in 4 years and 25x in 10 years is not good enough, then probably don't do investing. Gotta get the "get rich quick" mindset out of bitcoin or with investing in general. Want faster money? Go start a business.

Micheal Saylor is a Microstrategy and has been buying tons of bitcoin and just like everyother investors who have shares in other investments, they all talk and predict how far a price can go and they do that to ive confidence to others who have invested on similar thing especial now that there is fear in hear and there of bear market.
I think these are just specualations, but I think we will see $64k again because judging by that 4 years he stated, we would have seen another bull run after the next bitcoin halving, we all know what usually happens after that, bitcoin price will soar into another level.

$68k (basically previous ATH) in 4 years is too low in my opinion. In other words when the reversal happens and the market starts recovering, we could surpass it in less than a year or even in 6 months. In 4 years half a million dollar is more likely target.
If you look at the price history in the past 13 years  you'll understand what I just said a lot better.

But the real question is "when will that reversal start"?
The problem is that the Western economy is falling apart with inflation+recession they are facing and it is not going to get any better this year either. With the coming winter things are going to get a lot worse and it will affect bitcoin price too. But next year when the new world order is solidified and at least the EU economy is completely migrated to elsewhere (the capital is already fleeing Europe) we can see the world economy back to [new] normal.

It was proven that there's no accurate prediction when it comes to Bitcoin. I believe that as history tells it.
So, would you believe one guy that says Bitcoin will go here and there this time and that time. I guess not or should not.
Most investors want the bigger number especially when you are a bag holder. Creating a hype is their priority so they can take advantage of the pump, sell it and then buy back when the value sinks. It's all business for them.

Well, it is still just his own opinion and market manipulation and maybe he is right but never I should believe that because 4 years from now, that might be another bear season. Unless, if he will say 2 years from as halving will come during that time and expect Bullrun. Honestly, $68,000 is not quite too high but if we talk about $500k in the next decade, I can't imagine that price, it was overpriced and it was impossible. Imagine, $500k is too expensive and I can't say who will be able to take the risk from that price.

4 years is not that long, and this is the usual scenario every time we hit the bear market.
This can be the safest speculation because it’s hard to know if the economy of many countries will start to recover in the next three years, we are still experiencing the problem from pandemic especially on printing too much money and with the limited supply. Bitcoin can reach new peak though in less that 4 years, once there’s a big news in the market probably it can be hit easily but if we didn’t saw improvements, then we might wait longer for that new peak.

Honestly anyone can say anything about any situation if they want to, I won't care about it at all and it's not up to me to decide neither. Market will make decisions based on what's going on and who says what, and I am honestly sure that the market won't make a single decision based on what he says.

Some people may think it otherwise and that's understandable, because they really believe in him, but I do not. Look at what happens when Elon speaks and look at what happens when this guy speaks and you see why one of them should be cared and the other shouldn't be. That's my understanding of the situation, maybe I see it differently but that's about the reality not feeling.

As for the speculation, I think it is quite conservative for a period of 4 years, because it turns out that the next halving will not have any impact on the price. I would not agree with that statement (if it is true), and this with $500k is quite frivolous for anyone - because the next decade means that it can happen in 8 years (2030), but also that it can happen in 2039, which is just guessing and shooting at the target blindfolded.


This is not something I can agree with either, because gold is still a completely different category and something that countries will not just give up and replace with Bitcoin. It is possible that some countries like El Salvador will buy Bitcoin, but that some mass exchange of gold for Bitcoin will happen is not something we will experience in this or the next decade.

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@Flyingjack123, if you don't mind editing the title, it's not Slayer, it's Saylor.

In the last bull market, Bitcoin was around $70,000, so  the in the 4-years Bitcoin could go up to $68,000 normally. I have a bit of confusion working with such a statement. Where we expected last year maybe Bitcoin could be $100k. But within 4 years I hope it will definitely reach that target and cross $150k. Because four years is a long time and Bitcoin does not need much time to reach all those places when it comes to bullish.

Indeed. And people are speculating more than the price of the previous ATH which is also what I believe. Reaching $80k, $90k...that gonna be possible but of course, we can't assure as well when exactly this will come knowing that the market is unpredictable. Though we never know the market, I still put some consideration into the other's opinion for might they are right and it was stated by Michal Slayer 4 years from now which is possible after halving and Bullrun where prices are probably on the decline already.

Based on being an investor, I don't think he's trying to manipulate the market like Elon or any other shark. His prediction is just an unbiased view of the market as he has not sold any bitcoins since holding, not only has he not sold, but has continuously DCA during periods when bitcoin falls further.

Based on what is happening with bitcoin, widely used and adopted by many large companies, many countries and has become legal in two countries El Salvador and Central African Republic. Then we can think of more countries that will accept bitcoin and the $500k price point is also what I want it to achieve.

Looking from the past, Bitcoin pump happen on 2017 and 2021, so the next should be on 2025.

I think the inflation and recession problem on Western countries will be solved ASAP since there's no any big events comes up. Previously on 2008 where inflation is really high due to gas price increase, but after few years the gas price become normal again and the Western economy back. As long as Russia invasion is already ended, I think that's the beginning of Western economy will back to new normal.

Maybe and maybe not because it’s very hard to pump the price now at that level knowing that there’s a lot whale that trapped on 30K to 40K. Only new whale can make this price pump happened because retail investors will never fully commit on buying if there no major increase on volume coming from huge buy. But my concern is just new whales will surely know that there’s other whale like Microstrategy trapped and they will not allow to let there money become an exit liquidity from those trapped whales for a long time.

We can expect nothing to be honest. He is a very smart guy, but like all very smart guys he also makes mistakes. Now he has become bearish, consistent with the current situation. Let's see what he said not long ago:

Michael Saylor goes nuts: he predicts a $15 million Bitcoin price. (https://bitcointalk.org/index.php?topic=5308117.msg56058184#msg56058184)

His predictions have the same credibility as any others we may see in this section.

 

Reaching 68k with 4 year difference is definitely a safe bet, it's not going to be that late and it's not going to be that low if you ask me, but if that's your goal than anything quicker or higher would help you out a lot. I personally believe that the best thing to do would be making sure that you are on the right path, and that will only happen if you have the long term mindset and this allows people to be on the long term mindset.

I personally believe we will reach 68k levels again by 2023 sometime, and be over 68k+ in 2024 as well, that's what I believe it will happen, that looks a lot quicker and higher but it is once again a reason to keep buying and holding bitcoin for sure.

I think we can expect that many people will question his statement. Like you, you seem to disagree with it because you think it's too long already only to return to its previous ATH but for a $500k increase, I think I can agree with that since $500k is a massive amount already for just a speculative asset like bitcoin.

Before Saylor came up with that statement, there are already posts here before which states that the bull run can return 2 to 3 years from now and then the potential increase of btc will be $100k. Maybe he only get his inspiration on those posts? Because, sometimes experts do also lurk online especially in this forum to read some information about cryptocurrencies.

I am not the kind of trader who will trade depending on anyone's predictions.  But even if his prediction doesn't come true, I think so the price of bitcoin will increase more than 80k in last 2yrs .  Market is dumping now there is no good signal so it can be sure that as much as nothing gonna change money.

Yeah it’s more on playing safe. But 4 years I think is too long as bitcoin could reach another all time high even next year as long as the market also cooperate. With consistent positive news that may hit the crypto market and from the support of big institutional investors, bitcoin will not find it hard to surge again and skyrocket until it reaches a new height.

This is just another trying hard influencer that keeps creating speculations so that he will draw attention from the people. Other than that, his opinions and insights are not relevant at all. Well, this is my own point of view, and that others may still agree with Michael. For me, as long as the market returns to bullish and attract positive news by that time, definitely $68k will always be easy to achieve.

And he is too optimistic when it regards to predicting Bitcoin makes us not believe him in all of his Bitcoin predictions. I'm not certain but I think he has no basis for what he said, it is just like what appears in his mind will come out in his mouth. Might say he was a smart guy but not as smart as it was in crypto, it could be in some other place.

Bitcoin will do the rallies a few years from now but totally we don't have any clue when it was the time. However, I don't think it become bullish 4 years from now.

Any analysis of Bitcoin increment without a cogent reason and source is not reliable, bitcoin can get increase if it have much demand, someone can make the correction of bitcoin by investing money and with that bitcoin can be increase in the market. So i don't believe on exaggeration, assumptions and prediction, because i believe on my personal theory, in bitcoin

You mean saylor the slayer lol , a man like him with a lot of concernment in his own business ... he could say A now and say Z the next day , i wouldn't care too much for whatever this guy speculate , too dumb to just believe on such boombastic random speculation that actually could also come from a mouth of someone who just getting to know about a thing.

Let's just straight to the goal of bitcoin itself without too much paying attention on such things. If you believe it simply just do it.

It's true we don't trust Michael Saylor too much, whose statements are often changing and inconsistent. After all, it is better for us to invest
in Bitcoin not because of the influence of others, but because of the results of research and analysis that we do ourselves. Trusting others too much
in the end will only bring disappointment, so it's better to make decisions based on our own analysis. Especially the words of a businessman like
Michael Saylor, at least I'm sure he's saying something for his own benefit. Michael Saylor is also not a fortune teller and what he says there is
no guarantee it will be true, so why think about what he says. Everyone is free to make predictions, so let Michael Saylor have anything to say
about Bitcoin. The most important thing is that we have our own predictions, because in the crypto world we can trust ourselves. Because
we trust someone too much later we will often take the wrong step.

I don't believe that Bitcoin will be worth $68,000 but $500,000 in a decade is totally possible. I see it more as a store of value similar to Gold and Silver. As we approach the law of diminishing returns in terms of Bitcoin mining, we may need to add some other goodies to the blockchain. Although it's hard to see how this will turn out when Bitcoin is famous for its immutability. With that said, I am still bullish on Bitcoin over the long term as it has shown incredible resilience in the face of adversity and I am confident that the community will find the best way to overcome some of these barriers and bring in more people. Let's prepare for this crypto revolution.

The "Bitcoin returning to $68,000 within 4 years" prediction is a very safe prediction. To be frank, Bitcoin staying at that price in the next four years would be after it must've done a fresh ATH that will surpass what it did in 2021. Four years from now will be 2026 and that should be two years after another Bitcoin halving. Every halving and post halving years have shown that Bitcoin would cap its previous ATH. $68k was for 2021, next halving in 2024 will be way above that; hopefully.

It's clear that people are not entirely sure on what to do, and I understand that because after all we are talking about something that is risky here, it's our money and that is not something we can part very quickly. However, at the same time it's so easy for some newbies to see these type of people and invest accordingly, which is something I will never understand, it never made sense to me at all.

I am not saying do not listen to him, he has invested billions into bitcoin so there must be some truth in what he says, even if it is not a fact and it may not go up, at least he truly does believe it will, because why would he invest so much otherwise. However, still be careful about it when investing.

Definitely, no one can precisely tell what will be the future price of bitcoin 5 or 10 years from now, what we hear every time are pure speculations, and Michael is not an exception. However, I believe $68k will not only be achieved in 4 years, but most likely higher than that. But if the market will stay dumping the whole time, maybe Michael may be right in his own price prediction.

Do you know that Bitcoin government does not have influence on bitcoin and secondly, bitcoin technology and adoption is still going on, i believe that if bitcoin survive this 2022 bearish season, it will be of surprise how the increment is going to take place in 2023, because i understand that the more the Bitcoin is running to any year the More people and investors is going to queue up to its investment, so therefore i believe that theirs every possibility that leads bitcoin to such price, if more investors comes in.

But, even if the predictors came up with their own source I think there's still no guarantee's that it will came into reality. The demand in btc is still there and will continue the longer we go so $69k is pretty possible but I don't think it will take us 4 years to get there. A correction is when the price falls by some percent. It's not easy for some average guy to correct the price of btc but that job is being done by the whales due to their power.

We know when the prediction is exaggerated so we won't likely believe on it but it's possible for us to believe in some predictions which are realistic because our predictions are also similar or close to that.

Hey frankly you are right bro, it is better to push towards an achievable price and a price range of $68k in 4 years looks to me like a sure bet on Bitcoin price for the long term. 4 years is a good space of time and there is a high assurance that Bitcoin will surpass that price it is better and more peaceful to set an achievable price range and not speculate for a short-time pump Bitcoin price that looks impossible to achieve in a short time-based.

Theirs no prediction of Bitcoin that have fifty five percent (%55) assured, because everyone is exaggerating, so you can wake from sleep now and the price of Bitcoin changes, so it's possible that the price acceleration is not dependable by us, or our prediction, because from my understanding of cryptocurrency and especially bitcoin price, we don't have to make over emphasis of the price. If the demand of bitcoins is higher by the supply, it will surprise you that the price can reach five hundred ($500) within short space of time.

While the prediction being made by Saylor is basically in a time frame and a range which basically guarantees it will happen and it should not be controversial at all, I still think it is important that it was made, newbies may believe that bitcoin reaching 69k was an one-off event and this is not true, we will reach that price again, it is just that it will take some time for all the circumstances to align themselves so we can see those levels once again.