But this time it IS different! The $ is going away and then we won't have a bitcoin price. :-p
I do not know if it will be this cycle, or next.
I really feel bitcoin will get to $1 million, where a satoshi is a penny.
But i do not feel anything about a $10 million bitcoin.
The difficult analysis comes from "just how high can this bull market go?"
Lets say we have a big pullback. (Blackrock dumps BTC, to smash the price down, for buying it up, or last gasp trying to break bitcoin.
Then bitcoin comes roaring back people pile on.
Bitcoin gets to $100k by this Christmas. (or New Years)
Then the ETF hits, and the price could easily go 10x. So 1 mil.
But that is really pie in the sky, when ultra bitcoin bull Max Keiser is saying $300,000ish.
Then Clif High's prediction of bitcoin becoming unobtanium kicks into play.
But this is wild speculation.
What are your thoughts?
The group that Satoshi was leading to form bitcoin was very, very intelligent.
We are still finding out how good these guys were.
Can you write a program and have it do better without you, decades later?
Like the only other person who did that was Linus.
It is always astounding what they foresaw. Or just guessed right.
RE: Bitcoin Heartbeat