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

[kotajikikox]

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.

actually I don't know who is this Cathie as I am not familiar with her, but having this thought is exaggerated , 1 million in 8 years time but did not even give details if why this can be possible.

I have faith in bitcoin and there is no doubt about that but making it clear how much it can grow till 2030 is for me an over statement.
if 100k is possible in the next halving yet in the next may hard to see a 7 digit price.

[takuma sato]

Her funds have taken an absolute beating over the last year. What else can she say? She’s trying to reassure investors and she’s even been trying to raise new capital to start yet another fund. She’s putting her money where her mouth is though. Recently buying more Coinbase and GBTC for her funds. I think she’s in a difficult spot right now, but it seems like there will be better days ahead.

It may actually take people like her and Sailor to go bankrupt for real capitulation. Too overleveraged, too confident. These guys would take a beating if we have more FTX events (even more overleveraged players that run exchanges capitulating, which would hit these other people running funds). GBTC is (supposedly) backed by real BTC reserves so they should be fine, however I wouldn't bet on it.

[Marvell1]

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.

actually I don't know who is this Cathie as I am not familiar with her, but having this thought is exaggerated , 1 million in 8 years time but did not even give details if why this can be possible.

I have faith in bitcoin and there is no doubt about that but making it clear how much it can grow till 2030 is for me an over statement.
if 100k is possible in the next halving yet in the next may hard to see a 7 digit price.

She is quite a famous investor and also a billionaire born from financial investment. In September 2021 she also made a bitcoin prediction to hit $500k in the next 5 years and this year she made another prediction for bitcoin. Although these predictions are exaggerated, don't take her too seriously, as it shows she's pro-bitcoin and believes in bitcoin's future.

After all, we all believe in the future of bitcoin despite the recent drop and each has his or her own vision and prediction. I also agree with everyone that bitcoin will hit $100k in the next halving and what will happen after that we shouldn't rush to predict.

[buwaytress]

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.

Newbies should be allowed to do that maybe haha. I can't remember what nonsense I speculated on in 2013 when I wasn't convinced about Bitcoin yet. I do remember in 2016 asking dumb questions and wondering if we would get 1400 again soon. This was maybe around $400? Even if a year later that was coming, even 20k! No one was to know, least of all a noob. Funny that as soon as that was retrieved, the predictions from both noobs and vets added zeroes arbitrarily.

Human nature. Bitcoin brings it all out...

[Pierre 2]

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.

I definitely support HODLing it to make money and help Bitcoin gain more attraction and popularity. Although can we say its gonna hit a million in 2030? I personally think its too early for that. I believe in next halving we may hit 100k and other halving maybe 200k but not more than that. There should be spectacular things happening for Bitcoin to hit a million dollar in 2030! Or maybe American economy getting weak causing a weak Dollar. hahah.

[pooya87]

~
She is quite a famous investor and also a billionaire born from financial investment. In September 2021 she also made a bitcoin prediction to hit $500k in the next 5 years and this year she made another prediction for bitcoin. Although these predictions are exaggerated, don't take her too seriously, as it shows she's pro-bitcoin and believes in bitcoin's future.

After all, we all believe in the future of bitcoin despite the recent drop and each has his or her own vision and prediction. I also agree with everyone that bitcoin will hit $100k in the next halving and what will happen after that we shouldn't rush to predict.

They aren't really that exaggerated though. Just take a look back at what people used to call exaggerated back in 2015 for example. In those days price was around $200-$400 and if you told someone that price is going up to $20,000 in only 2 years (9000% rise) they would have said the same thing about your speculation because it sounded crazy.

$1 million in ~8 years is only 4900% rise or about 600% rise per year which is nothing if you look at past price rises bitcoin has seen.

[justdimin]

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 .

I feel like with the introduction of CBDC and all that, we are going to see more and more countries "promoting" bitcoin basically, not that directly but their own product and that will be connected to bitcoin easily, because if you make a CBDC that means crypto is allowed.

Also, we need to realize that 2030 is long way down the road and that’s why it’s not that easy to handle, I would guess that it could still potentially happen, that is nearly 7 years away and considering bitcoin could grow a lot, we are talking about nearly 50-60x increase and in 7 years that could very well happen. We just need to start growing, but 2 big bull runs could cause it for sure.

[Husires]

With the rapid changes taking place in the world and the high possibility of a nuclear strike before 2030, forecasting the market behavior for more than 5 years is no longer a valueless statement and not a price prediction.
We can say that in a normal situation it is possible to reach that price within 10 to 15 years, but will the situation be normal?

[Yatsan]

Well, speculations are just prediction. No assurance of what will happen. You can even say that its market value will be 1 billion after 20 years. But none of it would make sense not until it occur. No matter what basis to use, there's no consistency with this industry; the market value will not continuously increase as what we are currently seeing. From a market value that broke 'ceilings', to a market price wherein investors are guessing its bottom. If we would base on history of this industry, 4th quarter of every year is where bullish movement occurs, but that's the opposite of what happened this year. Feel free to make your own forecast on its market price 'coz all of it are subjective.

[Tony116]

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 .

I feel like with the introduction of CBDC and all that, we are going to see more and more countries "promoting" bitcoin basically, not that directly but their own product and that will be connected to bitcoin easily, because if you make a CBDC that means crypto is allowed.

Also, we need to realize that 2030 is long way down the road and that’s why it’s not that easy to handle, I would guess that it could still potentially happen, that is nearly 7 years away and considering bitcoin could grow a lot, we are talking about nearly 50-60x increase and in 7 years that could very well happen. We just need to start growing, but 2 big bull runs could cause it for sure.

Not really, both are cryptocurrencies but totally different, bitcoin is decentralized and CBDC is government made. The government has the right to allow circulation and people can only use cryptocurrencies that they will call legal and safe when they are created by them. Bitcoin will not be accepted more with this form.

There is still a chance that bitcoin will hit a million within the next 7 years, but the probability of achieving it is very low. I know we all hope bitcoin will hit the highest price possible because we are all holding bitcoin just for that purpose but let's be realistic for a bit.

[justdimin]

Not really, both are cryptocurrencies but totally different, bitcoin is decentralized and CBDC is government made. The government has the right to allow circulation and people can only use cryptocurrencies that they will call legal and safe when they are created by them. Bitcoin will not be accepted more with this form.

There is still a chance that bitcoin will hit a million within the next 7 years, but the probability of achieving it is very low. I know we all hope bitcoin will hit the highest price possible because we are all holding bitcoin just for that purpose but let's be realistic for a bit.

I would guess that it would be counterproductive if they end up promoting their government CBDC and not so much with bitcoin and others. The whole point is that they want to take part in this and they want to make both a profit with it and also have a say it, plus they will be able to follow up what people do with their CBDC as well.

If they end up making some coins banned or risky to use or whatever that means it’s not going to be useful to use CBDC, what’s the point of having it if I am not going to be trading it with cryptocurrencies? That is why I said that I believe countries with CBDC will keep on promoting it for a long time and will support people using crypto, so it will benefit their CBDC as well.

[Quidat]

Well, speculations are just prediction. No assurance of what will happen. You can even say that its market value will be 1 billion after 20 years. But none of it would make sense not until it occur. No matter what basis to use, there's no consistency with this industry; the market value will not continuously increase as what we are currently seeing. From a market value that broke 'ceilings', to a market price wherein investors are guessing its bottom. If we would base on history of this industry, 4th quarter of every year is where bullish movement occurs, but that's the opposite of what happened this year. Feel free to make your own forecast on its market price 'coz all of it are subjective.

This is why its really important that you should really make yourself prepared for whatever things that might happen in the future.We might able to see BItcoins potential but assuming that it could hit up a million dollar price per coin then you could really say that it is something that too unrealistic to happen.If we do base up on the current condition or taking or recognition on the community
then we are on a slow pace but at least we are moving forward.Speaking of price then it would be entirely depending on communities demands because
the market maker are the community itself together with those institutions and whales which could really make some significant influence towards price movement.

[Marvell1]

~
She is quite a famous investor and also a billionaire born from financial investment. In September 2021 she also made a bitcoin prediction to hit $500k in the next 5 years and this year she made another prediction for bitcoin. Although these predictions are exaggerated, don't take her too seriously, as it shows she's pro-bitcoin and believes in bitcoin's future.

After all, we all believe in the future of bitcoin despite the recent drop and each has his or her own vision and prediction. I also agree with everyone that bitcoin will hit $100k in the next halving and what will happen after that we shouldn't rush to predict.

They aren't really that exaggerated though. Just take a look back at what people used to call exaggerated back in 2015 for example. In those days price was around $200-$400 and if you told someone that price is going up to $20,000 in only 2 years (9000% rise) they would have said the same thing about your speculation because it sounded crazy.

$1 million in ~8 years is only 4900% rise or about 600% rise per year which is nothing if you look at past price rises bitcoin has seen.

But I don't think bitcoin will grow like that, I mean the bigger the cap the slower the growth, very much simpler from $10k to $100k, same increment x10 but its very different market capitalization. The current market capitalization of Bitcoin is 350 billion if bitcoin hits 1 million then bitcoin capitalization will reach 35 trillion USD, 3 times the gold market cap and 1/2 the world stock market capitalization. I didn't think this would happen so quickly. That's why people just expect the next ATH in 2025 after the halving happens to be $100k.
You can easily see how the growth of bitcoin changes over time, it cannot grow as uniformly as we would expect.

[Chato1977]

Also, we need to realize that 2030 is long way down the road and that’s why it’s not that easy to handle, I would guess that it could still potentially happen, that is nearly 7 years away and considering bitcoin could grow a lot, we are talking about nearly 50-60x increase and in 7 years that could very well happen. We just need to start growing, but 2 big bull runs could cause it for sure.

but how much capitalization must bitcoin have before this price goal reached? trillions of dollars in bitcoin itself?
well we almost reached a trillion last year but for this to happen at least 20-30 trillion bitcoin capitalization for this to happen.
but of course we must not lose hope as I am holding for this to happen , but also I will be contented if bitcoin just take 200k in 8 years time from now.

[redsun114]

Also, we need to realize that 2030 is long way down the road and that’s why it’s not that easy to handle, I would guess that it could still potentially happen, that is nearly 7 years away and considering bitcoin could grow a lot, we are talking about nearly 50-60x increase and in 7 years that could very well happen. We just need to start growing, but 2 big bull runs could cause it for sure.

but how much capitalization must bitcoin have before this price goal reached? trillions of dollars in bitcoin itself?
well we almost reached a trillion last year but for this to happen at least 20-30 trillion bitcoin capitalization for this to happen.
but of course we must not lose hope as I am holding for this to happen , but also I will be contented if bitcoin just take 200k in 8 years time from now.

20 to 30 trillion is a lot but we should know that the adoption rate for btc is not at its fullest yet. There must be a lot of countries who are not yet involved in btc. Imagine if all of them allow btc one day and make it as a legal tender? Then I think we can be at least close to that target price by cathie and some people here in the forum. For you and me, we only have a small goals for btc. That would be a hundred thousand dollars or two while I don't believe that it will take 8 years for it to happen.

Maybe it will occur 4 to 5 years from now. Those who assume for $1m or even $500k for btc are I think going to be itchy to sell when they see btc touch that levels although they can always buy again at the dip and hodl for another higher price target.

[Oilacris]

Also, we need to realize that 2030 is long way down the road and that’s why it’s not that easy to handle, I would guess that it could still potentially happen, that is nearly 7 years away and considering bitcoin could grow a lot, we are talking about nearly 50-60x increase and in 7 years that could very well happen. We just need to start growing, but 2 big bull runs could cause it for sure.

but how much capitalization must bitcoin have before this price goal reached? trillions of dollars in bitcoin itself?
well we almost reached a trillion last year but for this to happen at least 20-30 trillion bitcoin capitalization for this to happen.
but of course we must not lose hope as I am holding for this to happen , but also I will be contented if bitcoin just take 200k in 8 years time from now.

People are just too optimistic considering that those prices or value isnt really something that could be reached out on a short span of time or even on our lifetime.This is why its better not to make

yourself that hopeful so that you wont really be stressing out yourself nor get that frustrated if the price didnt hit up that point.Its not bad on being optimistic but be sure to be at least to be realistic.

Basing up on those numbers or simply talks about capitalization then it isnt something that you could say that it would be reached out easily.
So dont make yourself that in a hurry because it would really just make you desperate.

[gantez]

I think that is not possible to do. The 2030 looking far in the future but what is remaining in that is about 7/8 years and now price is down, no volatility for now. What matter also is halving, apart from the expected halving soon we are only to see one more halving before 2030 so how will the price get that high ?

[STT]

Its a balance of optimism beyond the current horizon and also not accounting for the possible depreciation of currency overall and possibly the Dollar especially.  If we had a change from the current massive focus on dollar reserve even to a more balanced accounting for global usage outside of the west it'd be an epic change.  Generational change, tectonic movement in the world trade balance and its possible within our time right now but whose to say when really.
  Cathy is willing to pick the top estimate price and it makes for a great headline, I dont mind her discussion but I dont currently rate her as anything significant certainly she failed to hedge the pullback which (active) funds in theory would do if possible.


I feel obliged to post this chart as a resource because its a good idea to exclude the whole politics and interference in value from government that comes via pricing in purely one nations currency when obviously BTC is worldwide and its value has to be from that expanding dynamic.  So I think gold should be a more consistent valuation for going forward 8 years in estimation

[Vaskiy]

I think that is not possible to do. The 2030 looking far in the future but what is remaining in that is about 7/8 years and now price is down, no volatility for now. What matter also is halving, apart from the expected halving soon we are only to see one more halving before 2030 so how will the price get that high ?

From the present date we've got two more halving. Within the time period such a big growth can't happen with bitcoin. The adoption and real time usage over the years will increase, but the same won't push the price to such an extent.

Anything beyond certain value will be under trouble. In that way reaching specific price will be good to the community as well as to the network. Beyond that it'll turn to be problematic in some way.

[bitbollo]

these forecasts are always interesting but I wonder... are these based on specific analyses? Did she provide any details on how she arrived at this rating?
she is talking about such a large increase in value compared to actual values, that it really takes a certain imagination to think of something like this...
ok we are all optimistic and confident about this technology, but will 8 years be enough to have these economic values?