Bitcoin reaching a market cap higher than gold's
Whenever someone asks, will BTC reach 500K or 1M, some people on this subreddit start talking about how the market cap makes this unlikely to happen soon. Are such pessimistic claims actually supported by evidence? If BTC is a deflationary asset and the central banks can't stop printing money, why wouldn't more and more people view BTC as a hedge against inflation? In your understanding, why wouldn't BTC surpass $1M in less than 10 years from now? I do invest in BTC, and $500,000-1M is the price my life will be changed at. submitted by /u/Amphibious333 [link] [comments]
Whenever someone asks, will BTC reach 500K or 1M, some people on this subreddit start talking about how the market cap makes this unlikely to happen soon.
Are such pessimistic claims actually supported by evidence? If BTC is a deflationary asset and the central banks can't stop printing money, why wouldn't more and more people view BTC as a hedge against inflation?
In your understanding, why wouldn't BTC surpass $1M in less than 10 years from now?
I do invest in BTC, and $500,000-1M is the price my life will be changed at.
[link] [comments]
