I see BTC becoming more widely used across the globe at a crazy fast pace. Just looking at how some companies blew up over the years, like Walmart and McDonald's, it’s wild to think about their growth back in the 80s. So here's my thought: people who believe that $100,000 for BTC seems steep now are kinda like when Walmart was sitting at 20 cents in 1980, and look at them now with stores everywhere. There's a ton of room for huge growth since only about 0.2% of people are using crypto right now.
Your content is not clear enough and I believe you needed some advice to start with before you continue in making posts like this that will be difficult to read, why not take time to read on this first.
posting etiquettes
https://bitcointalk.org/index.php?topic=5184741.0#post_altgiveaway
bitcoin history
https://bitcointalk.org/index.php?topic=5438353.0
Then back to your discussion on bitcoin, I will advise if you can locate your local section in other to be able to fully express yourself while making post, but for now, I think you need more of leaning.
The price of Bitcoin is certainly going to exceed the previous high just like the past when Bitcoin was trading at $200, many people thinks the price is going to crash and many would lost their hard earned money. Investment is not something that is going to give you huge profits over a short period of time, it is all about being patient and hold your portfolio quietly even though the price of Bitcoin looks like it's falling. Those that had invested in Bitcoin before now, even when the price was 8k are still in huge profits. I believe in the next 10 years, there will be many that would be lamenting that why didn't they buy Bitcoin when the price was 100k. That time will come soon.
In every thread, it is the first post of the Op says everything and others are just complement to the first post. Op your subject or the topic is good one but the content is not corresponding with the topic. You are talking about bitcoin and you are saying trading of Walmart, Mcdonalds in 1980s. Even you are making sense but the content is not coherence and once your content is not coherent with one another and with the topic. The post becomes shit. Your topic is "My prediction, my hope!" And you have to stick to the topic with your subject so that people will understand what you are saying contribute to knowledge.
When it comes to the initial days of a company or an asset, people aren't wrong to rate it based on its value because you can't see the future, and you can't unsee the present. If a company is worth $20,000 in present, people won't think that it's going to be worth billions in the future, but they will think of it as it is at the moment. However, if it shows potential, some might predict that it is going to be worth way more in the future than it is right now.
Bitcoin was worth cents when it first came into existence. People could mine it with CPUs and have thousands of them lying around, and they didn't value it much because it wasn't valued highly at that time. Some knew it had the potential to go long, some thought it's not going to survive, but now, after more than 15 years, people can see its value, and evaluate based on its past and then predict its future.
We know that Bitcoin has been through a lot, but it survived through all of it, and the result is infront of us. Now, after all of that, if someone thinks that $100,000 is extremely high, they can be wrong, because it has greater potential.
Incredibly positive news, but what do you mean used? Like currency? Or bought by corporations and sold to individuals via ETFs? Because the difference is huge.
You see Bitcoin as a price, whereas it's a tool to fight financial centralisation. So, you shouldn't mix up two entirely different things. Price going up, doesn't mean Bitcoin is used more at an expotential rate! I would, in fact, claim the opposite. That more people have gained exposure via ETFs and not buying BTC straight in their wallets and using it as they 're supposed to do.
OP is obviously confused about something but the content of the thread doesn't really add up and I can't make anything out of it, at the first line of OP's content I was nodding along at first and then he lost me in the second line and I'm wondering how we moved from talking about Bitcoin to discussing Walmart and McDonald's?
Yes the difference in Bitcoin use cases is massive.
Personally I dont think it will be widely used as a currency for daily transactions
and purchases, it will still be used but not "widely".
I believe it will be widely used as an investment asset / wealth storage tool but
widely used by those who are open to investing for the future. Like todays society
not everyone will be thinking of their future.
Its fairly certain that every groundbreaking business will progress into the future
and be successful.
Your prediction and hope about Bitcoin is that it will be used globally. If that's what you thought about, I see that coming into play, not soonest, but someday.
However, Bitcoin adoption and price are increasing rapidly, we can see many countries adopting it, which could trigger its price more than we can imagine. Let's not for that all this to come to fulfillment requires time and patience.
Bitcoin is a long term investment that only the patient that hold on to it will be proud they did when bitcoin gets to bigger heights in the near future. Bitcoin has proven a lot to its wailers that it is going to pass the test of time and will be a currency everyone will love to have owned long time ago and that is what we are already seeing today. Bitcoin will continue to go higher in price and we cant tell what the price will be in a century from now, as long as the technology is still intact and thriving which we dont expect it to go on exile now. We may not be there to witness more wonders of bitcoin but really feel its going to achieve its purpose as years come by in the future.
Price is secondary against actual usage and growth in the user base, if we were completely sensible that would be our focus. Price contains alot of froth and deliberate gaming of the figures like any asset has people playing the order books, as well natural back and forth in supply and demand.
The only thing that really counts is this real world usage imo so I agree with OP but also dont assume it has to happen, technology is disruptive by its nature I guess so I try never to assume the path is certain.
Meantime BTC is challenged at present.
Yep agreed. They need to still male it more user friendly amd in my head even more important they need to clear the tax implecations for each transaction. As it stands today using crypto in the US trips a tax event. So if you buy a cup of coffee with bitcoin you need to figure the cost basis of the bitcoin and report any increase in value and pay taxes on that. If the US undoes that requirement we will get closer to being able to use it everyday.
bitcoin literally just need one simple trigger to go sky rocket in term of price, i'm calling strategic bitcoin reserve by the US that will be followed by other countries and then you'll see a massive growth that you've never seen before.
people are starting to see digital payment as the norm, right now they are using traditional finance but soon they'll realize they need something like bitcoin.
I think overitme people will utilize AI for this kind of tax reporting especially for complicated thing like tax for crypto reporting, yes I agree, tax still the implication, but moving forward, I think there will be introduction of agentic AI that specializes in tax to the citizen that will help dealing with something like this.
If I'm not mistaken, this is what we call adoption. And yes, we are hoping that some day, Bitcoin will be globally adopted and being used like a sound money. It still has challenges though, that's why most big companies are not yet accepting it.
I think the better comparison as far as the growth goes is the Internet. In the beginning, no one thought that it will conquer the world. As in today's time, everyone has a mobile device that is connected to the internet. But obviously, there was a time that they've seen no value on this invention, and it's only being used by the military. So this could be in some correlation with Bitcoin, as now we have government like the US thinking of it as a strategic reserve and big whales or institutions investing on it as rapid rate.
Of a truth I was thinking something else after seeing this post and then looking at the content now it doesn't seem like something substantial to me and I ask myself what is the predictions and hope here. Honestly I didn't really get anything straight here but just an explanation of Walmart.. infact it's pointless please make it clearer for better understanding.
If you don't get greed but appreciate the value of bitcoin and hope for a better promise in the future then you'll not only see that $100,000 was such a high price but will have to look back in the back the historical price of bitcoin of how it has gradually surged to this level.
Imagine yourself as an investor who hodl when bitcoin is $1 to $2 up til then it increased to $5 to $10, wouldn't you say the price is high at that current time?if you'd sell at that range wouldn't you say you had sold at high price on making profits?
The insight of $100,000 not being high enough is just of the anticipation that the market will reach a rate that's far beyond $100,000 just as when we speculate $180,000 Ath this bull run season, so also speculations goes on that bitcoin will reach $500,000 to $1,000,000 in the future.
So have that caption that the $100,000 is already high but enthusiasts hodling for long hope for higher price to make profits.
from the March 7th "crypto summit" of US politics. i see alot of institutions decide to either:
A. have their own internal reserve(cashflow) invested in real bitcoin(self custody)
B. have their employee pension plans and internal investment portfolio invest in 'pegged' bitcoin via shares of ETF for price exposure growth
- where by ETF sponsors, due to share demand buy real bitcoin to custodianize into ETF trusts and create further said pegged shares
we already see that american states treasuries as well as the national treasuries create bills to allow investment in crypto
we also see the international central bank regulators create bills (via the basel committees of BIS) do the same so the international central banks can invest
which could lead to other countries big institutions of different industries invest as a after effect
just like last bitcoin cycle had a $15k-$75k range of market extremes of natural bitcoin economics, which were proven also due testing the tops and bottoms of the market 2021+.
this was due to viewing the world extremes of cheap to expensive mining costs which dictate the willingness the cheap to expensive miners/investors are willing to buy or sell bitcoin..
this season we can see the tops being $375k* if the market wished to test the top in q3(predicted ATH season)
i dont see a $1m btc ATH as that would be an extreme bubble outside and above the bounds of the extremes of bitcoins natural economics. (because if everyone on the planet can mine for less than $400k why buy bitcoin for $1m)
*calculated via (q4)2024-(q1)2025 data, so can change in q2-q3
Bitcoin is going to recover, weak hands might be dumping now for fear of further fall but don't panic sell if you want more profit it is time to DCA.
I think what op is saying is reference to those companies that have stood the long time through rise and fall but through patient they were able to rise again. He is comparing it to what is happening with bitcoin at the moment.
6 digits though is only the beginning, the previous high was $69k, so if you look at it $100k is very low for a new all time high and that is why many is predicting that we will go to $150k-$180k this cycle. And as we have seen we have touch $109k already for this year and so it's closer to what the majority is seeing as the ultimate price peak of this cycle.
And that is why many are surprised that we suddenly falter below $80k, as we are expecting that we should be continuing to go up. But that is Bitcoin market for us, we never really know the movement. But in any case, I still see that this is just another hump along the way. And before the end of the year, or as what the historical price tells us, it's usually the last quarter that we might see the biggest jump and that could be our all time high.
If we look at the picture just a few years ago, especially when Bitcoin was launched, the price of Bitcoin was only a few cents. But in just a few years, the value of the coin has increased significantly. Currently, the widespread use of Bitcoin can greatly help in increasing the value of this coin. 6.8 percent of the world's people use cryptocurrency, but the value of Bitcoin has reached $100,000. If 25% of the world's people start using Bitcoin, then we can estimate the level at which the value of Bitcoin can reach. We can see the value of Bitcoin reaching 1 million in the next few years, which is not impossible. The demand for Bitcoin is increasing gradually, due to which the value will also increase rapidly.