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🪙 BlackRock boss predicts $700,000 Bitcoin. - Larry Fink says there is momentum towards the institutional adoption of the crypto currency. - RT
(www.rt.com)
💰 WAG THE COINS 💰
Bitcoin has no top because Fiat has no bottom
When bitcoin is $700,000 a mcchiken will be $15.
Who cares about a 7x bitcoin, when silver will 60x-120x?
We've been hearing about this explosion in silver for a long time...
It’s close. Trump is returning to the gold standard. You can’t make America great again without sound money. They will have to revalue gold to back the new currency. 40% backing puts gold somewhere between $28k and $35k per ounce. So at least 10x in purchasing power. Silver moves with gold but also has to close the 90:1 ratio to gold, back to 15:1. So another 6x. So 60x in purchasing power is more than possible.
If this one time opportunity for a jump in the purchasing power that everyone has been waiting for exists, it’s pretty much now, or sometime soon when the financial contagion begins.
Bitcoin is a derivative of the dollar and denominated in dollars and will go to zero with the dollar. Its value will collapse back into gold which it derived its value from in the first place.
Id be happy with that.
I was going to sell some at the coin shop today, and they were flooded with sellers. They were only going to give me $17 per face $1, when melt is more like $22. I bolted. I kinda feel stupid now. Should converted it to bitcoin years ago. Another missed opportunity.
Eh, can’t put a price on real assets.
A bottled water at the grocery store is like 1$
It’s 2$ at a gas station
Or it’s 7$ at a movie theatre
… what’s the value of water? I get it out of the tap for free.
If somebody says my water is worthless or worth 1$, does it mean water isn’t worth 7$ a bottle?
Just because buyers offer that, doesn’t mean that’s the value or even close to the real worth.
When gold hit $2100 in Nov ‘23 I sold 30oz of mine and started a BTC position (BTC was $43k at the time). Needless to say, I’m happy with my decision.
You were about to trade metals for fake paper?
sell if you want, but I think it's a really bad idea
Silver and gold, when priced in Bitcoin, will always go lower and lower. You can always mine more Gold and Silver. You can never mine more Bitcoin.
Basic math my fren.
Bingo! ^^^ Just cause old Fink says it doesn't mean it ain't so!
$700k is 7x from here which is an all time high, but from the cycle bottom its a 46x. Further, Bitcoin has operated on a 4 year cycle for the past 12 years continually increasing due to the halving and now with nation-states investing will go parabolic. Silver may do well, but it won't 60x. We don't know how much silver is undiscovered. We know EXACTLY how much Bitcoin there is and it will never change.
Just think if you could have bought $1000 in bitcoin back when it started! :)