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Financial news I consider important, with my opinion, which is worth as much as you paid for it.

Sunday, September 12, 2021

Why Bitcoin is best positioned for storing future value

I am asked frequently how certain I am that bitcoin will hit 100K, 500K, 1 Million or more a coin.
In my opinion, over next 10 years, 100k is 99.99% certain, 500K is 80% certain, and 1 million is 60% certain.
Those are really good odds! 

But that's with current information, taking into consideration that technology changes.  If there is no new 'technological bitcoin' to emerge, then my certainty goes to 99.99% for 1 million a coin.

Below is a video that I found did a great job of exploring the forces that is bringing all of this to reality.  It isn't since 2008, but really since 250 years ago.  I highly encourage watching.

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