I’m not sure if he’s serious or if this is some way to promote bitcoin for a couple million dollars but I don’t think anybody truly believes that the price is going to take off that much that fast. It would be incredible how much money would be made in the futures market if that did happen but like I said, I don’t think it is possible.
I would frame the matter differently. I think that getting to $1 million in the next 90 days are so is possible (that would be mid-June-ish), but I doubt that it is very probable, at all. What would the level of probability be? I doubt that it is even into the double digit percentages, like 10%, so we are looking at somewhere below 10% and more likely in the less than 1% odds.
Even though I had given around 0.5%-ish odds for $1.5 million or greater in the last cycle, still those are kind of SOMA attempts to put some kind of a number on the matter in order to attempt to account for long-shot scenarios - but still trying to be somewhat realistic in terms of appreciating that sane peeps should not be planning their lives around long-shot scenarios if they actually want to be living, participating and interacting in the real world rather than in lalalandia.
Many of us recognize and appreciate that bitcoinlandia is not lalalandia, even if there are a lot of folks in the real world who actually think that high prices for bitcoin are lalalandia scenarios, and many of those bitcoin skeptics have been shown to be wrong over and over and over again.... and so some of them are actually coming around to bitcoin and actually recognizing it for what it is rather than completely dismissing it, and so the fact that some of those people come around does seem to help to contribute to some of the uppity scenarios to end up playing out.. but it is still difficult to place odds of supra $1million BTC prices in the next 90 days or even in this particular cycle at much higher odds than I had placed them in the last cycle.. even though it does seem that the odds are trickling upwardly, and on a personal level I really hate counting my chickens before they are hatched, so even if the odds are getting greater for $1million and even reaching new ATHs, I hate to even get ahead of myself or even to proclaim that the odds are higher than 50/50 - even though many of us realize and appreciate that we have already gotten richie as fuck by placing ONLY small portions of our cashflow (or our investment portfolios) into bitcoin, and so when BTC prices end up going up 2x, 5x, 20x, 78x or whatever (I know that there was more than 100x in 2013, but I was not really part of that, except for starting to get into bitcoin at the top end of that one).. ... so anyhow, I am kind of describing the nature of an asymmetric bet, which largely means that there is not a need to invest great amounts of value into the upside scenario in order to potentially profit stupendously if the UPside scenario ends up playing out, even if some kind of whimpsical $1million in 90 days ends up playing out, those of us who are already in bitcoin still end up profiting stupendously, even if we were in denial about it being likely.. we are still prepared, just in case because we already have some cornz, we largely hang onto cornz even if the BTC prices are going up and even if we might shave off some cornz on the way up (if the price does end up going up).
We might sound even more like loonies if we proclaim that we are going to eat our dick or some other important parts in the event that we are not correct, and maybe some folks do consider several of us to be loonies, merely because we might have put up to 10% of our investment portfolio (or cashflow) into BTC in the 2013 to 2019 time frame.. but then we might have come to some realizations (largely since 2020) that putting up to 25% of our cashflow and/or our investment portfolio into BTC was not really as risky as a lot of normies were presuming investing into BTC to be - and in that regard, many of us come to realize that so many normies do not appreciate the perspective of what is an asymmetric bet.. it is not like any of us has to engage in any kind of crazy risk taking in order to still be able to profit from the kind of exponential (and/or compounding) performance that might end up playing out in something like an asymmetric bet.. something like the bitcoin opportunity that has been presented to a lot of folks and some folks have more difficulties than others to appreciate how to allocate into it..which largely should be to get the fuck off zero.. so do something rather than just sit around and watch.. and it still is not too late, even though a lot of whiners continue to fail/refuse to take action.. looking at you exphorizon.. you dweeb... hahahahahaha...
Yes.. many of the no coiners are really innocent precoiners. even though they do not realize it... so it is not really fair to criticize them too much.. .. and so we will continue to see that there are ways to act and ways to build your BTC holdings, even if you are not building (or holding a lot of coin), but you are likely to end up better off by getting off of zero and engaging in some kind of actions to accumulate bitcoin rather than just watching to see what happens... and presuming that you are going to be fine, even if you fail/refuse to take a bitcoin position...
right..
right..
rrrrrrrriiiiiiiiiigggggggghhhhttttt?
Bitcoin To Reach $1 Million In Next 90 Days? Ex-Coinbase CTO Bets His Net Worth
Just because Nayib Bukele said, he would start buying 1 Bitcoin every day?
He said that on 16th March, it started firing in a Rocket Ass.
I am pretty sure that it was somewhere around late last year (perhaps in December) that Bukele had stated that El Salvador was going to start to buy 1 BTC per day.. .. so they may well have added close to 100 BTC to their BTC stash since he first said it.
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