Cathie wood says 1 btc $1m by 2030 how possible?

[Adbitco]

Just as many has said is giving investors hope and as well encouragement from the previous bear market of 2021, if you could flash back many invested hugely thinking it would get $100k after seeing a new ATH of +$68k and anytime she thinks of her investment it gives her the courage it could get to $1mio  then but realistically speaking there's every possiblity this could get her predictions.
Now for the Halving you should know whenever there's halving the circulation reduce and this calls for scarcity and price increment.

[buwaytress]

You know what happened to the last guy who wielded the magical $1m number, right? And that was even doubling down on his original 500k figure, well before it even reached 20k. Crash and burn, I guess?

And I hate it these days when someone is too vocal about huge prices for bitcoin in the future. It's making new investors think that it will really happen without adding some analysis and how it will come.

Always taken out of context I guess. Not that analysis helps make the prediction more credible or more likely. But we also got people saying it's going to zero and constantly loudly reminding, so I suppose we gotta take the sugar and salt together.

[STT]

The point is that Dollar changes value each year so saying 8 years forward means  it could even happen while still being unlikely because the Dollar can lose so much value in that time that it barely qualifies as an equal consideration to now.
   I think its mostly just a talking point for the sake of free publicity and advertising, not everyone has to believe just enough to join so that you arent forced to liquidate the fund and can pay the bills via fees.  Its not a difficult prediction to say Dollar has problems retaining its value over time and BTC can grow exponentially.

[larry_vw_1955]

Government CBDCs are no competition for Bitcoin.

that's right. to alot of people they will be a replacement. everywhere is going to accept cbdc, the grocery store, you can keep it in your bank and transfer it electronically who needs bitcoin then?

.... you'd have to be crazy to save in dollars or any other national currency when you could save in Bitcoin.

i'm glad i never bought bitcoin when it was $60k or $50k or ....

[Oceat]

Everyone can give their own price prediction but none of them can actually get the right price and predicting a price like that is just too much since it doesn't follow the trend of the previous price. It's just another name making some scene to get noticed by the public but I'm not buying that.

I will choose to stay close to the trend price and if you are in this market for a long time you will know what is the ideal price whenever there's a bull market coming. But I'm not saying $1M won't be possible but that won't happen in 2030 either.

[kro55]

It would be better if we could make a prediction on the price of bitcoin when the halving takes place in 2025. Based on that, we can make predictions for bitcoin in the future. Making a prediction too far is just a baseless prediction, she wants it to hit $1 million by 2030 and she says it without any analysis or basis for prediction.
Although the future is unpredictable and bitcoin always surprises us, $1 million was too high a target at the time. I predict bitcoin to hit $100k-120k for next bull season.

[woez]

As catchy, he said that the institution had been watching bitcoin with great interest but was waiting for the right time to enter the market. This can be seen positively or negatively, depending on how we want to see it. On the one hand, they monitor the market and continue to provide their customers with exposure to cryptocurrencies through vehicles like Coinbase and GBTC, which is very positive. On the other hand, they still feel that the existing regulations are not sufficient to allow investment.

To me, it's really a question of how much we trust these two financial institutions. If they are satisfied with what they see and that things will work out as they hoped as well, then there may not be a time like today to ride the wave of optimism we see in bitcoin and gold today. If we believe in their opinion then we will definitely feel comfortable buying a basket of digital assets to keep for the long term.

[adaseb]

The women is basically loved in bull markets and hated in bear markets. People praised her stock picks when everything was going up but when the markets turned a year ago they just kept making bad decision after another.

She went big into crypto. She bought GBTC, Silvergate bank and Coinbase. Now normally they wouldn’t sound like good investments but it’s at least near the bottom of the bear market and might reverse unlike her buying everything near the top like last year.

[thecodebear]

The question is, are 2 halvings will be enough for her prediction to happen? It's hard to think but it's most likely that we might not see that happen.

Yeah exactly. Two halvings is very likely not enough to take Bitcoin from $69k to $1 million. 3 halvings...maybe. 4 havings...absolutely.

[livingfree]

Just as many has said is giving investors hope and as well encouragement from the previous bear market of 2021, if you could flash back many invested hugely thinking it would get $100k after seeing a new ATH of +$68k and anytime she thinks of her investment it gives her the courage it could get to $1mio  then but realistically speaking there's every possiblity this could get her predictions.
Now for the Halving you should know whenever there's halving the circulation reduce and this calls for scarcity and price increment.

Yeah, I'm one of those that have hoped that bitcoin will reach $100k last year. The possibility is there but if talking about the reality, it might take a very long time before we see it happen.

And I hate it these days when someone is too vocal about huge prices for bitcoin in the future. It's making new investors think that it will really happen without adding some analysis and how it will come.

Always taken out of context I guess. Not that analysis helps make the prediction more credible or more likely. But we also got people saying it's going to zero and constantly loudly reminding, so I suppose we gotta take the sugar and salt together.

Makes sense, as the opposite telling that bitcoin will go to zero. But I'm thinking more about the newbies that have been too hyped with high price predictions and making them decide to invest just because of those predictions.

Well, I guess it's on them and they should always take things with a basis before committing a decision.

The question is, are 2 halvings will be enough for her prediction to happen? It's hard to think but it's most likely that we might not see that happen.

Yeah exactly. Two halvings is very likely not enough to take Bitcoin from $69k to $1 million. 3 halvings...maybe. 4 havings...absolutely.

But if cycles are going to be different for the next bulls to come, it would be lovely to see it quicker than expected.

[YOSHIE]

Note this is not a financial advise, I just posted here for funny and to see how people thinks about bitcoin within 7 to 8 years to come just Cathie did.

I'm just quoting @cathiewood who said "he thinks" that, if explained would be very long.
• It could be....
• It might... or might happen....
• or he who speculates...predictions About the price of Bitcoin 2030.

At least people are aware, Bitcoin is based on the trust and beliefs of its users, about prices and other actions if they want to do so.


There is the funniest in other sources, what is said by: Cathie Wood still sees bitcoin hitting $1 million by 2030 as the current crisis will have the token ‘coming out of this smelling like a rose’, even though Cathie Wood predicts, but I am one of those people who do not believe in fantasy or predictions, in case, what is predicted may not necessarily happen and it could be a possibility.

From other sources I also found other people who say Bitcoin ($BTC) Price Could Top $1 Million by 2030, Says Yassine Elmandjra, It seems that it's not just Cathie Wood who says the 2030 Bitcoin price is $1 million, I don't know hopefully what they say can happen, but I'm not sure it is.

[Maidak]

Why do you think it's funny? when Bitcoin price still less than $1,000 on 2016, is there anyone can predict Bitcoin price would reach $19K in the next year? the difference is 19x times and Bitcoin can prove it. Last year Bitcoin make new ATH for $69,000 and if we multiple it with 19, we will get $1,311,000 which is higher than her prediction. Another thing is 7-8 years is really long, I think the possibility is really high since technology really improve a lot.

Bitcoin doesn't work like that if you look at its growth chart, even though bitcoin always increases year by year but the bigger it gets, the smaller the growth rate becomes. Going from $1 to $100 is easy, but going from $100 to $1000 is an entirely different journey. That's also why nowadays many newbies don't choose bitcoin and look for shitcoin to invest in because they also know that bitcoin is already too big to expect big growth.
The goal of 1 million dollars by 2030 is not feasible, bitcoin can still reach 1 million dollars but need more time than that.

source: https://www.facebook.com/BitcoinBlueWhale.eth/posts/pfbid02sW4wj9hmEVtRxWHyA6DGXdtRCtuBu6aDfjp5zjei5i5czQMXTLNn68rUteE4FKVBl

[Reatim]

Cathie wood tells bloomberg she thinks 1 bitcoin will worth a million dollars by 2030

very doubtful that's going to happen unless all the countries of the world get rid of their fiat and just use bitcoin. but most country seem more interest in developing their own digital currencies than giving up control to bitcoin.

exactly mate , this is what i was thinking as the post are just 8 years to go, there are so many plans each country to create their own crypto or digital currency so why would be bitcoin comes first?
when they cannot have a complete control of this currency.
while it is correct that this can be called as Joke because 1 million may be coming but in not this short period .

[Nrcewker]

During 2013, people also used to laugh, when great persons predicted about Bitcoins rise towards the end of 2020. So yes anything and everything is possible in this world. We haven’t seen the future also, so definitely what we are  claiming here is based in assumptions and estimations. We are talking about Bitcoins here, and due to the limited number of Bitcoins, definitely the price might go up in future in order to fulfil the demands.

[Uzairjutt275]

Cathie wood tells bloomberg she thinks 1 bitcoin will worth a million dollars by 2030

I was actually reading through my FB page and I came across this post which looks very catchy to people's attention which might likely have a very bad interpretation to those who doesn't understand how the market works. Lots of argument has been going and series of funny comments as well so decided to share over here if I could get something obtainable from individual here.
Read more news here.


Note this is not a financial advise, I just posted here for funny and to see how people thinks about bitcoin within 7 to 8 years to come just Cathie did.

Hahaha so funny bitcoin price will be $1M in 2030 unbelievable. After FTX company crash it effected the whole Crypto Market and market will be full red. The main point is that on one will be estimate the exact price of bitcoin. So let's see in 2030, what the price of bitcoin will be hit.

[Don Pedro Dinero]

You would have told me last year and I would have said yes, and probably before 2030. Now I think no way, maybe half that, but just as we were overly optimistic last year, we may be overly pessimistic now. As we are not soothsayers, in the meantime it is better to keep accumulating.

[posi]

Cathie wood tells bloomberg she thinks 1 bitcoin will worth a million dollars by 2030

very doubtful that's going to happen unless all the countries of the world get rid of their fiat and just use bitcoin. but most country seem more interest in developing their own digital currencies than giving up control to bitcoin.

exactly mate , this is what i was thinking as the post are just 8 years to go, there are so many plans each country to create their own crypto or digital currency so why would be bitcoin comes first?
when they cannot have a complete control of this currency.
while it is correct that this can be called as Joke because 1 million may be coming but in not this short period .

This is also possible without getting rid of fiat today, as long as all governments accept bitcoin and declare that bitcoin is a valuable asset like gold. With this statement, it's enough for bitcoin to create crazy things that we wouldn't be able to imagine. In the end, all of this can only happen in our minds because they would never let it happen .

$1 million per bitcoin, that's a really big number, I suspect that it will be very difficult to get there even if it takes us longer. If that happens, the bitcoin market will be bigger than the stock market or the real estate market.

[Guessti]

I saw these new articles popping up about something Cathie Wood has already been saying, you can find where she said this about 9 months ago.

1 million dollar bitcoin seems insanely possible considering inflation.

Consider the market caps of these two players:

26 trillion NYSE
19 trillion NASDAQ

But remember BTC competes in many different forms:
11 trillion (GOLD)

If Bitcoin became worth around 1 million dollars each, the crypto market as a whole would start to be the size of the two biggest exchanges, which to me makes it look more likely.

250-500k BTC looks insanely possible when you compare "competitors"..

The crypto market as a whole did reach 3 trillion dollars at one point.

Remember, Bitcoin along with its alt coins (the crypto market) represent more than just value transfer, more than just gold (why would you say Bitcoin is like gold, more like all the metals combined and more)..

Yeah.

1 million dollar bitcoin - HERE WE COME.

[stomachgrowls]

Cathie wood tells bloomberg she thinks 1 bitcoin will worth a million dollars by 2030

very doubtful that's going to happen unless all the countries of the world get rid of their fiat and just use bitcoin. but most country seem more interest in developing their own digital currencies than giving up control to bitcoin.

exactly mate , this is what i was thinking as the post are just 8 years to go, there are so many plans each country to create their own crypto or digital currency so why would be bitcoin comes first?
when they cannot have a complete control of this currency.
while it is correct that this can be called as Joke because 1 million may be coming but in not this short period .

This is also possible without getting rid of fiat today, as long as all governments accept bitcoin and declare that bitcoin is a valuable asset like gold. With this statement, it's enough for bitcoin to create crazy things that we wouldn't be able to imagine. In the end, all of this can only happen in our minds because they would never let it happen .

$1 million per bitcoin, that's a really big number, I suspect that it will be very difficult to get there even if it takes us longer. If that happens, the bitcoin market will be bigger than the stock market or the real estate market.

Im not really making myself believe with those numbers and with those situations where crypto market or Bitcoin itself will really be reaching out these heights. Im not saying that it doesnt have potential but it is really

just too far off and it would be better if we do stick on being realistic when it comes to these conditions and basing up on history and the current situation that we are dealing with.This wont really be a smooth sail

ride for us crypto enthusiast and supporters which even if we do like for the price to be on that way, it would always be depending and basing up on the market demand
in the end of the line which is something that we cant alter nor influence no matter what.

[btc78]

You would have told me last year and I would have said yes, and probably before 2030. Now I think no way, maybe half that, but just as we were overly optimistic last year, we may be overly pessimistic now. As we are not soothsayers, in the meantime it is better to keep accumulating.

and the word is HODL , this will save our assess from losing in this kind of market now, accumulate as many as we can because the price now is very cheap , and lets check it later if we will be able to sell in the next couple of years.

1 million is far from happening sooner , though possibilities are there but wont be surprise if we fail.
this needs worldwide adoption and usage to happen.