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Author Topic: Bitcoin base case target on 2030 is $682,800 according to Ark Invest  (Read 185 times)
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October 18, 2023, 11:44:44 PM
 #21

These people are talking about way too ahead of time, I do not fully understand why talk about 2030 right now. I get it, long term investment is a thing and I personally do it too, I keep bitcoin as long as I possibly could, not much these days but I try my best and do as well as I could, and yet even with that knowledge I still care about what the peak will be in 2024 before I start thinking about 2025, let alone 2030. Who cares what it will be in 2030 if you are not going to hold it next year, you need to first consider about next year so that you could be able to hold it, if you say that no matter what happens you can hold it all throughout the 2024 year, then you can start thinking about 2025, you need to say "will hold" to every single year until 2030 before you can think about that.

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October 18, 2023, 11:51:19 PM
 #22

I reckon. However, Ark Invest's bullish case price target should be backed by eating a human organ on national television by the CEO hehehehe.
RIP to John though.

IIRC, Ark Invest has always been bullish and they've got a huge holdings in Bitcoin and that makes sense to hear and see Kathy gives bullish predictions and that's why we can always count on her to tell such huge speculations on the market.

I am not against her but we have to get closer to these real numbers before that gives me that hope. I'm bullish as well I am depending on the actual numbers that we see ATM.



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October 19, 2023, 10:41:36 AM
 #23

Every year they make a new report, but they still don't say anything new except for repeating worn-out phrases and trying to cause FOMO. In addition, when I see that someone is speculating about the price of BTC and also gives a specific price that is not rounded for some reason, it convinces me even more that they are pulling these numbers out of a hat, and not from some serious analysis.

https://bitcointalk.org/index.php?topic=5422764.0
https://bitcointalk.org/index.php?topic=5389589.0
The reality is that such prediction, even though as hilarious as they may seem, actually make Bitcoin remain in the news and that is good for Bitcoin.  Don't be surprise that there are people who were never in Bitcoin but will join seeing this news. Don't forget that the market is heavily influenced by news so let the world here what they want to hear and let the market either make it right or wrong.

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October 19, 2023, 11:03:38 AM
 #24

250k dollars will be nothing like 250k of 2010s so I believe that guess is very safe one. I am expecting corporate investors of Bitcoin to increase over years as well. I believe 680k is very exeggarated but I think with right moves from Bitcoin community we can convince more money from traditional markets to join cryptomarkets. Its cool that we are early investors in this still even in 2023.
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October 19, 2023, 03:58:19 PM
 #25

I would say it would not be really unrealistic to say 682k for 2030, that seems like a quite good deal to me. I am not saying that it will not be able to reach that, nor would I say that it would be much bigger than that, I think that would basically be what it is.

I get that it may look giant right now and feels like we may not reach it, but calculate how many times higher than it is, if we take like lets say we are at 30k right now, that would be a bit above 20x, and reaching 20-25x in about 6 years wouldn't be that much of a big deal. That is also 2 halvings away, so we are going to end up being probably near 100k next year anyway or the year after that, I have a feeling that 100k by 2025 is not impossible and that means it would just leave about 6x left for another whole 5 years, with another halving in it as well. I think that should not be impossible to reach, we go up with the price anyway and we should be thinking that this is quite possible.

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October 19, 2023, 04:53:10 PM
 #26

The closest is my prediction that Bitcoin will reach a new ATH at $100k LOL.
Even at $100K we are in the same boat. LOL

This is the FOMO that crypto officials or activists continue to do, the FOMO that continues to appear indicates that Bitcoin will be bullish.
But this still doesn't make sense.
Well this is the FOMO created by the officials, it seems that they believe in bullishness, as for us as a retail investment is looking forward to it.
 Cheesy

We'll take another look at some of the wild predictions that have emerged from important figures in crypto.
Is this just the beginning of the Big Bullish that will happen to Bitcoin?
Are you also ready with your bags that you have filled with Bitcoin and other cryptos?
It will keep coming and believe me.
I say Big Bullish end 2024. People assume more than that.
My bag is full of bitcoin, for now crypto is still a bit on the sidelines, just for some other purposes not investment.

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