justdimin
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January 30, 2021, 07:43:16 PM |
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Well, there is a train of thought about how bitcoin will be about the same market cap as gold one day, and that I believe alone is a great idea that could turn bitcoin into a huge price, for example gold market cap right now is 10.6 trillion dollars, that means if we divide 10.6 trillion dollars into 18.614.512 (which is bitcoin available now) that would make the price 570k per bitcoin.
I understand that we may not reach that level anytime soon, but that is the first goal bitcoin has in the global scale. That means we are going to reach to those levels "one day", it may be in a year, or in 5 years, or maybe in 10 years but we are going to reach that level, so even after bitcoin price increased so much, holding bitcoin is a good idea, sure it could fall from today until it reaches 400k, there could be a lot of downs but if you hold and wait you are going to get 10x return for sure.
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