At 100k to 1M BTC states will have to buy in to remian solvent.

[jubalix]

At 100k to 1M BTC states will have to buy in to remain solvent, which I think will be the main driver in that era.

See you all in 2027~2030.

[jaberwock]

There is a connection between economies doing a lot worse and bitcoin price which I agree that puts this idea into affect. However we have to acknowledge that bitcoin doesn't just go up when fiat currency becomes less valuable, even when fiat currencies are strong the price of bitcoin could still go up.

It means when bitcoin is between 100k to 1 million each, if the economies of the world bankrupted (which is a possibility) they will need bitcoin to remain solvent and I agree with that. However if bitcoin reaches those levels and nations are standing still, they do not really need to care about bitcoin at all. Which means it is not about what the price of bitcoin is, but it is about how governments and nations are handling their own economy instead.

[Febo]

At 100k to 1M BTC states will have to buy in to remain solvent, which I think will be the main driver in that era.

See you all in 2027~2030.

There are many countries that have zero gold. Canada mine it tons but their country buys none. All gold mined in Canada gets sold to people or to other countries. Some countries have old reserves. USA, Germany, Italy, France. Some countries are buying it. China and Russia.  Expecting for all countries starting buy Bitcoin is very optimistic. If Bitcoin will replace money( it will have to scale well by then), people and countries will buy as much they will need to spend. They will not buy to hoard like most of them dont hoard gold.

[adaseb]

Basically ever since BTC almost topped $16K all over Reddit, Crypto twitter and Bitcointalk, there are people not only calling for $20K they are calling for crazy numbers like $50K, or $100K and some even calling for $300K or $1 million BTC.

I don't think they realise that its easier for a buyer to buy bitcoin at $15K than buying bitcoin at $150K. Basically there would need to be 10x the buying pressure at $150K as at $15K. So I wouldn't be surprised if we topped at like $19K and went back down to retest the $10K area. Its like that old saying, when too many people think of one thing usually the opposite happens. Just like people were calling for $1K bitcoin back in Dec 2018.

[hatshepsut93]

At 100k to 1M BTC states will have to buy in to remain solvent, which I think will be the main driver in that era.

See you all in 2027~2030.

Why would Bitcoin's price have some macroeconomic effects? Bitcoin used to cost fractions of a penny, then a few dollars, then a few hundreds, now $15,500 but nothing changed in regards to how governments view it, aside from some bans or regulations. Bitcoin has zero influence on world's economy.

Basically ever since BTC almost topped $16K all over Reddit, Crypto twitter and Bitcointalk, there are people not only calling for $20K they are calling for crazy numbers like $50K, or $100K and some even calling for $300K or $1 million BTC.

Last time it was the same, when Bitcoin reached $20k, people were saying that it's on the road to 100k, that anyone who is selling now is a fool, and newcomers were rushing to buy, not knowing that few months later they will sell at a big loss.

[exstasie]

At 100k to 1M BTC states will have to buy in to remain solvent, which I think will be the main driver in that era.

Are you suggesting BTC will be the only way to store value? Seems unlikely. Amassing gold (and other commodity) reserves come to mind.

I also think history shows that when global reserve currencies fail, another one generally emerges to take its place once the dust settles. When Portugal fell from grace in the 16th century, its currency lost its status as the dominant reserve currency. All that meant was that Spain's currency became dominant, then the Dutch, then the British, then the American's......

I don't think we're returning to an era of gold standards, or entering an era of a Bitcoin standard. I do think BTC will eventually have a place in national asset reserves, same as gold, but I think it'll complement other assets (not replace them) and will remain a minority in terms of institutional or government portfolios.

[sheenshane]

I'm in the middle of agreeing that Bitcoin will have an influence and none in the global economy.  Bitcoin as of now is being viewed as an unregulated and informal type of store of value.  However, there is a least but possible that it would be considered by the global government.

Simply comparing it to vape.  An innovation to kill the very alive industry of tobacco.  However, since vape is not that regulated compared to tobacco, the government views it as something that is not supposed to be promoted, IMO.

But we will see soon. Let's go and wait for the next 10 years! Let's just stay here.

[buwaytress]

Oh, definitely see you all in 2030, because that is the date in my mind when I actually sit to make a decision (the only thing preventing that would be if BTC is $1 million before then but I know that's wishful thinking... right? ) about what happens next and where to go and what to do. Hopefully by that time, I'm also a lot more settled in terms of commitments to real life. I suspect none of us will understand full well how it will look like in ten years. For sure, Norway won't be the only (public) state to invest in Bitcoin.

[ningrum]

The next 10 years? How do you feel so sure? I
myself are still speculating for the next 1-2 years, that Bitcoin might reach $ 50k,
I can't expect too far that in 10 years it will become a mainstream in the world economy

[Jating]

The next 10 years? How do you feel so sure? I
myself are still speculating for the next 1-2 years, that Bitcoin might reach $ 50k,
I can't expect too far that in 10 years it will become a mainstream in the world economy

Are you saying that you are going to dump your bitcoins if it reached $50k? or would rather wait for few more years till it goes to 6 digits or even more? That's why some commented on 2030 as most likely they will if bitcoin price goes off the roof.

I'm not really sure if States should buy or if some countries are looking for bitcoin as their reserved assets. For me gold is still the best hedge. But regardless, bitcoin can still survived goes on a dramatic prices increase in the next four years without any nation or states buying them.

[STT]

Trading of goods is always the main driver of supply and demand in the world because people need food etc., more relevant is if a nation sells a boat full of cars will they see fit to demand a crypto payment rather then other standards.   Someone will be buying but Im not sure BTC will be a reserve asset as such, like dollar is presently or gold has been in the past.   For the last twenty years China has trying to reaccumulate gold to replace their dollar reserves, even after all this time they have a deficit and the price for gold rose as well.   If we see similar buying of BTC it will be first seen in the acquisition of companies with large BTC cashflow and reserves I think.

dump your bitcoins if it reached $50k

People thought this at 200 dollars or a thousand, there is no arbitrary figure that will ever be correct if dollars declines consistently.   I think part of the price is already some accumulate BTC in a whole range of value items held to trade and exchange in various markets.  If we want to speculate on BTC then I look at the market and ease of exchange behind the price rises.

[exstasie]

dump your bitcoins if it reached $50k

People thought this at 200 dollars or a thousand, there is no arbitrary figure that will ever be correct if dollars declines consistently.

Anyone selling at $50K is going to be very sorry. I have no idea where the next cycle top is, but that much I know.

People put too much emphasis on dollar decline. Dollar devaluation is an utter afterthought when considering BTC's historic gains. We're talking about an asset that is up 150,000,000% in 10 years. Compare that to the inflation rate! LOL!

Dollars losing value gradually isn't why Bitcoin has grown faster and higher than any other asset in the history of mankind. Those kinds of assumptions really sell Bitcoin's fundamentals short.

[sunsilk]

The next 10 years? How do you feel so sure? I
myself are still speculating for the next 1-2 years, that Bitcoin might reach $ 50k,
I can't expect too far that in 10 years it will become a mainstream in the world economy

Well, that's just his safe assumption to expect that by those year ranges he'll get the price that he wanted to sell. It is his speculation and you can also have your own as you've said. There is nothing wrong with both speculations.

What's important is that you're holding and you have it before the bull run comes from those years. 2027 looks a good year for me to hold until that year because we'll be having another halving by the next four years. In possible result, price might be really higher on that year.

[Febo]

Anyone selling at $50K is going to be very sorry. I have no idea where the next cycle top is, but that much I know.

Yes price will for sure go over $50k, but why to be sorry when making profit. I suspect that next bottom will not be much above $50 if at all. So those selling at that price will have chance to buy back.  I remember at end of 2017 when Bitcoin was $9000 Charlie Lee was saying how he thinks price is high and not advise people to buy or he even suggest to sell. Those that did listened to him, did not had chance to sell at once higher price. But they still did well if they were patient. Later price was below $9000 for two years. At the bottom end, traders will trade, holders will hod.

[exstasie]

Anyone selling at $50K is going to be very sorry. I have no idea where the next cycle top is, but that much I know.

Yes price will for sure go over $50k, but why to be sorry when making profit. I suspect that next bottom will not be much above $50 if at all. So those selling at that price will have chance to buy back.

Even if the next bottom is at $50K, chances are very few people will catch the bottom. Most will be too scared to buy. They'll end up buying above $100K or something, when it looks "safe" to buy again.

As for selling at $50K on the way up, believe me, it would be extremely painful watching BTC go to $350K even if you made a decent profit. I know from experience what it's like to sell BTC before a bubble. Not a good feeling.

[mahilchii]

As far as I know there are possible to break the all-time high but it depends on buying and selling, many analysts are predicting the price may definitely go up also investing now is bit risky as the price is already high. As Christmas Eve is closer I believe people will have money to invest in so there are more chances for all time high.