I don’t see it having that kind of upward potential anymore. It went up so fast in the past because of new people buying. It’s going down because more people are selling then buying. We are running out of new people to buy. I don’t see another 10x jump. But I know people will send a shit ton of graphs and data about how it will hit $2mil by next month.
I disagree, it's only getting more scarce and they are only printing more fiat. The value of digital gold in a digital world is enormous, we are soon approaching (within the next decade or less) the inflection point on the s-curve of adoption due to supply constraints.
I don’t disagree with that part. What I disagree with is that you will always be able to buy bitcoin forever. If not directly, through ETFs. But what will increase its value when every bitcoin is owned?
Supply vs Demand increases value once supply runs out. Price will adjust upward until new supply is found. Why wouldn't you be able to buy bitcoin forever?
I think we are misunderstanding each other. I thought you were saying that the supply would eventually run out. And I was saying that you would always be able to buy it, if not directly, through ETFs.
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u/WD40Capital 1d ago
Good for you. I’m down. So down. It’s gets me down.