What can we expect from this statement of Michal Slayer..

[Flyingjack123]

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

[Victorik]

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.

[batang_bitcoin]

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

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

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.

[spectre71]

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.
 

[franky1]

$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

[coolcoinz]

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.

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.

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.

[franky1]

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

[Piesel]

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.

[ShowOff]

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..

$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.

[Viscore]

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..

$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.

[South Park]

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

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.

[cabron]

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

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.

[GreatArkansas]

(....)
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..

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.

[franky1]

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.

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)

[FallingKnife]

$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.

[Don Pedro Dinero]

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

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.

[OgNasty]

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

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.

[mk4]

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

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.

[Cookdata]

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

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.

[pooya87]

$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.