teefarm said:
CATSANDDOGS SAID:
Gold is down 17% since August 2020.
Bitcoin is up 5x since August.
Another Halving in 2024. Institutional buyers. Inflation storm this decade. QE forever. Finite number of Bitcoins.
Buy BTC. Hold.
Don’t panic. Don’t sell.
500k Bitcoin 2025.
So will all due respect what does gold have to do with anything in 2021.Maybe in 1980 but not today.All these buyers coming in and were stuck in the range I laid out.Best part of your statement is don't panic.That's what bulls do.But a price target you laid out for 2025?Be real and don't get me wrong but some people would never be able to weather the destruction if they went in all in with this pipe dream.With that said my chart work shows Bitcoin someday will hit 103k.Someday BOL to all
People buy gold as hedge against fiat currency inflation and as safe haven during economic uncertainty. Most are waking up to what a lousy investment Gold is compared to Bitcoin. I sold most of my physical Gold, GLD etc. this past summer and bought Bitcoin. Gold’s market cap is between $10-$11 trillion. My guess is Bitcoins market cap will surpass Gold this decade. There’s 630,000 publicly traded companies in the world and only 10 have reported to buying Bitcoin. This and trillions of dollars of government stimulus worldwide devaluing global currencies.. It was a pipe dream to believe that Bitcoin at $5000 in March 2020 would now grow to $50,000 in less than a year. $500,000 by 2025 is not ridiculous. Just have to sweat the corrections and hold. Halving in 2024 and 2028. Finite number of Bitcoins coupled with a massive influx of new institutional and retail buyers.
Bitcoin is the one of the most exciting markets in my lifetime. Can anyone name another in last 50 years?
Over past year Bitcoin ROI is 504%, Gold 2%, S&P 11%, Nasdaq 17%,
Over 10 years, Bitcoin compound annual growth rate is 199% , Gold 2%, S&P 11%, Nasdaq 17%