bitmover (OP)
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February 06, 2023, 04:53:39 PM Merited by cryptosize (1) |
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Ark investment is a very interesting fund, which focused in long term Disruptive Innovation. They look everything from blockchain to health, AI, space exploration, fintechs and so on. They just released their new reports, Big Ideas 2023. Covering a wide range of Disruptive technologies, they mention bitcoin price targets in2030: From 250k usd to 1.5mi usd. https://ark-invest.com/big-ideas-2023/Nice report to read.
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NeuroticFish
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February 06, 2023, 05:10:41 PM |
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Afaik Cathie Wood's Ark Invest is heavily invested in Bitcoin. This means that it's clear that she and her company will always have very big predictions for Bitcoin, and this for two reasons: * if they wouldn't trust Bitcoin they would haven't been buying or would sell * they want to convince actual and potential investors (into Ark Invest) that their (Ark's) investments are good and can bring big money I don't say they're wrong. But they're clearly biased. ...The report may be a bit too optimistic though.
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Upgrade00
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February 06, 2023, 05:16:00 PM |
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It's been a while I heard about trust funds and corporate enterprises getting into Bitcoin, such as Grayscale and Microstrategy, so I'll be researching on Ark investment.
About their big ideas report, would download and read it at a later time, but judging from the infographic you added in the op, I hope it's not centered on price prediction? Most reports that focus on predicting what the price is going to be are made just for headlines and clicks without talking about the actual product behind the value.
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DooMAD
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February 06, 2023, 05:47:06 PM |
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...The report may be a bit too optimistic though.
Give that their "bear case" is more optimistic than some bullish predictions elsewhere, probably a bit, yep. Still, if they're right, I might finally be able to afford to get on the housing ladder, heh.
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BlackHatCoiner
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February 06, 2023, 06:03:35 PM |
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...The report may be a bit too optimistic though.
Give that their "bear case" is more optimistic than some bullish predictions elsewhere, probably a bit, yep. I don't know guys. 2030 is a lot of Bitcoin-years ahead. It's even lots in fiat-terms. I mean, sure, a 1000% increase within 7 years being the worst case scenario does sound romantic, but we're talking about the 21 million precious here. But, jokes asides, I wouldn't trust Cathie, neither Saylor nor any other billionaire who wants to play the Bitcoin accumulation game. Who knows their agenda.
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NeuroticFish
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February 06, 2023, 06:08:49 PM |
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But, jokes asides, I wouldn't trust Cathie, neither Saylor nor any other billionaire who wants to play the Bitcoin accumulation game. Who knows their agenda. This is one valid point. As I said, b i a s e d. If tomorrow they'll sell their coins and invest into <insert name here>, then they'll start telling how shite Bitcoin is and how good <insert name here> is and will become in the following months and years. That's how this works. I don't know guys. 2030 is a lot of Bitcoin-years ahead. This is another good point. Still, I'm not worried about bitcoin's value. I'm worried that people will somewhat lose their appetite in buying because of its high price - or, to say it different, I fear that the world's finance would not be strong enough to allow us go so high (I don't know how to express this better).
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mk4
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February 06, 2023, 06:12:06 PM |
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Idunno, with predictions like this, I always flip from plausible to implausible and vice versa a lot. Like, while I'm bullish on bitcoin, there are just so much factors to take into control to be able to make a decent prediction.
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Curated Crypto Airdrop Database
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PrivacyG
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February 06, 2023, 06:17:41 PM |
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Infiltrating this thread because it looks like a ChipMixer group chat so far!
You know what. Bitcoin around $250,000 for the worst case sounds like something I would drool over. If this is the worst case, it is amazing. Speaking of cycles, this may not be implausible at all if we consider the insane past Bitcoin had. And does it look like money is getting closer than ever to becoming worth nothing at all? My actual question is. If Bitcoin gets to $250,000, will $250,000 get you more purchasing power in 2030 than $25,000 would get you in 2023 or will money be so devalued it will be worth nothing? If money is strongly devalued this decade. Then brace yourselves.
- Regards, PrivacyG
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cryptosize
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...The report may be a bit too optimistic though.
Give that their "bear case" is more optimistic than some bullish predictions elsewhere, probably a bit, yep. I don't know guys. 2030 is a lot of Bitcoin-years ahead. It's even lots in fiat-terms. I mean, sure, a 1000% increase within 7 years being the worst case scenario does sound romantic, but we're talking about the 21 million precious here. But, jokes asides, I wouldn't trust Cathie, neither Saylor nor any other billionaire who wants to play the Bitcoin accumulation game. Who knows their agenda. Or perhaps they truly believe BTC is the next global reserve currency and they want to have a big portion of the pie. It's better to try and fail, rather than stay on the sidelines and miss the opportunity of a lifetime "in case it catches on" (Satoshi's words). Lots of people are likely to regret not buying BTC at the current levels. Infiltrating this thread because it looks like a ChipMixer group chat so far!
You know what. Bitcoin around $250,000 for the worst case sounds like something I would drool over. If this is the worst case, it is amazing. Speaking of cycles, this may not be implausible at all if we consider the insane past Bitcoin had. And does it look like money is getting closer than ever to becoming worth nothing at all? My actual question is. If Bitcoin gets to $250,000, will $250,000 get you more purchasing power in 2030 than $25,000 would get you in 2023 or will money be so devalued it will be worth nothing? If money is strongly devalued this decade. Then brace yourselves.
- Regards, PrivacyG
I reckon Ark's price predictions are in today's dollars, not hyperinflated ones. With hyperinflation we will see hyperbitcoinization (BTC reaching 100m USD or even 1 billion and beyond).
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CoinEraser
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February 08, 2023, 07:54:38 PM |
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-snip- And does it look like money is getting closer than ever to becoming worth nothing at all? My actual question is. If Bitcoin gets to $250,000, will $250,000 get you more purchasing power in 2030 than $25,000 would get you in 2023 or will money be so devalued it will be worth nothing? If money is strongly devalued this decade. Then brace yourselves. -snip-
I've heard this theory from a few people as well. Either way, money has been devalued more and more in recent years and it will certainly continue to do so, but I think in 2030 you can still buy more for $250,000 than with $25,000 today. Surely you will be able to buy less in 2030 than today with $250,000, but I don't think that the devaluation of money is progressing so quickly. But if this does happen, the world will certainly have more problems than it has now and things are looking pretty bad anyway.
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buwaytress
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February 08, 2023, 11:26:12 PM |
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Man, I'm going to be way too old to continue being active on this forum I think -- unless I actually manage to retire from the lottery in a few years or somehow find a job that pays me many times what I earn.
Suppose 250k in 2030 isn't too bad at all, that's 7 years to stack sats. Sadly, not sure will make a significant dent in retirement barrier barring a sub-10k crash for a year heh.
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headingnorth
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February 08, 2023, 11:38:42 PM |
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Afaik Cathie Wood's Ark Invest is heavily invested in Bitcoin. This means that it's clear that she and her company will always have very big predictions for Bitcoin, and this for two reasons: * if they wouldn't trust Bitcoin they would haven't been buying or would sell * they want to convince actual and potential investors (into Ark Invest) that their (Ark's) investments are good and can bring big money I don't say they're wrong. But they're clearly biased. ...The report may be a bit too optimistic though. Well if ARK and Cathie Wood weren't invested then people would be asking why didn't they buy any bitcoin if she thinks the price will go so high? Damn if you do, damn if you don't. At least they put their money where their mouth is.
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ETHEREUM IS THE MOTHER ASSHOLE FROM WHICH THE SHITCOINS SPRING.
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NeuroticFish
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February 09, 2023, 10:15:32 AM |
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Well if ARK and Cathie Wood weren't invested then people would be asking why didn't they buy any bitcoin if she thinks the price will go so high? Damn if you do, damn if you don't. At least they put their money where their mouth is.
You do have a good point here Still, I think that by making such price predictions on Bitcoin, their goal is to advertise their own business, not Bitcoin itself. That's all.
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tbct_mt2
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February 09, 2023, 10:24:41 AM |
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they mention bitcoin price targets in2030: From 250k usd to 1.5mi usd.
I don't know why they choose the year 2030. In my opinion, if I make any prediction, I will pick years of likely big bull markets like years with Bitcoin halving events: 2024, 2028 and 2032. With ARK report, they choose 2030 that will probably a year of bear market and it is not good for prediction. Furthermore, their predictive price is too wide from $250k to $1.5M and I don't like that prediction. Anyone can make that blindly wide predictive price. In 2032, after that halving, Bitcoin circulating supply will be 99.2% of its total supply and with each block, miners will get only 0.78125 BTC as block reward. Controlled supply
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boyptc
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February 09, 2023, 10:37:29 AM |
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I see people doubting Cathie Wood because of how she interacts with the people. It's obvious that she's a bitcoin maxi and it's almost looking like she's shilling it to everyone to buy bitcoin.
Yeah, as she's obviously bias, people are seeing that and we as bitcoin investors we understand where she's coming from. That prediction is high and 2 halvings will come before that year comes. 1 is for 2024 and the other is for 2028. Who knows if they're right.
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Lucius
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February 09, 2023, 11:55:06 AM |
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I don't know why they choose the year 2030.
Because it is a nice round number that plays its role in such speculations - regardless of the halving in 2028 and the possibility that 2029 will be the year of some new big bull run. Furthermore, any speculation that sets a range as wide as $250k to as much as $1.5 million is nothing more than mere speculation, regardless of whether it comes from someone who people think knows what will happen in the future. I basically agree with you, and I think many others share that opinion, although in 7 years most people think that the price of 1 BTC will be in the six-figure zone, so we will not be disappointed if Cathie is right
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NotATether
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February 09, 2023, 12:01:54 PM |
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Infiltrating this thread because it looks like a ChipMixer group chat so far!
You know what. Bitcoin around $250,000 for the worst case sounds like something I would drool over. If this is the worst case, it is amazing. Speaking of cycles, this may not be implausible at all if we consider the insane past Bitcoin had. And does it look like money is getting closer than ever to becoming worth nothing at all? My actual question is. If Bitcoin gets to $250,000, will $250,000 get you more purchasing power in 2030 than $25,000 would get you in 2023 or will money be so devalued it will be worth nothing? If money is strongly devalued this decade. Then brace yourselves.
- Regards, PrivacyG
I think this price is way too conservative and the $1m target price Cathie Wood set is too optimistic. $500K would be better middle ground and much more reasonable assuming the halving increase the price at the same rate as in the previous two halvings. I see people doubting Cathie Wood because of how she interacts with the people. It's obvious that she's a bitcoin maxi and it's almost looking like she's shilling it to everyone to buy bitcoin.
Yeah, as she's obviously bias, people are seeing that and we as bitcoin investors we understand where she's coming from. That prediction is high and 2 halvings will come before that year comes. 1 is for 2024 and the other is for 2028. Who knows if they're right.
Well, they'd say that about Saylor and just about any bull. It's very hard for investors to believe in such astronomical prices when we are in the middle of one of the worst bear markets we ever experienced.
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bitmover (OP)
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February 09, 2023, 05:27:40 PM |
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I don't know why they choose the year 2030. In my opinion, if I make any prediction, I will pick years of likely big bull markets like years with Bitcoin halving events: 2024, 2028 and 2032. With ARK report, they choose 2030 that will probably a year of bear market and it is not good for prediction. But the previous ATH were in 2018 and 2021, not in the halving event years. ATH occurs one/two years after the Halving events , so those years you mentioned are not better imo. Furthermore, their predictive price is too wide from $250k to $1.5M and I don't like that prediction. Anyone can make that blindly wide predictive price.
But that is not a blindly prediction, they made a report show where this money comes from. You can even see in the image I posted in the OP. Money will flow from 5 to 25% from remittances, 0,3% to 10% from emerging markets, etc
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naira
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February 09, 2023, 05:55:20 PM |
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Apart from various kinds of predictions and analyses regarding the price of Bitcoin in the coming year, I will not be afraid. Because the first thing for me is to always educate myself to consistently collect satoshi. Trying to distance me from speculation has resulted in losing my grip all this time. The target that I want to achieve is not only 2030 or in other words, passing 2x ATH bitcoin will obviously be a little tempted to release it. Isn't it once every 4 years that we can enjoy the results of what we plant?
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BlackHatCoiner
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February 09, 2023, 05:57:48 PM |
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Or perhaps they truly believe BTC is the next global reserve currency and they want to have a big portion of the pie. Either way, I don't believe it really matters what are their intentions. Whether they're bad or good, bitcoin will succeed further in the long term. This is my bet. Damn if you do, damn if you don't. At least they put their money where their mouth is. Just to be sure: have they published any hard proof of their stash? It's quite easy to do, so I'll remain skeptical if they don't.
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