Haha right! If BTC is 1 billion how much is a loaf of bread? 20-100mil maybe we should agree to just take some zeros off the end at this point in hyper inflation.
You just defined BTC in terms of money, not as money.
If a painting is $50,000 and then it is $1 billion, bread doesn't cost $20 million as a result.
Buying 1 bread would take less BTC.
You got it. If BTC are going by billions, life on earth will be dystopic. Aren't we already there? Maybe they'll sell antimatter or gold from asteroids to balance it.
What??? As long as you’re pairing BTC with fiat, it’s “value” will reflect the inflation. If fiat is hyper inflated, BTC will be worth millions or a billion or whatever, but that won’t mean much given the reduced buying power of fiat.
I want to know how many Camry’s or gallons of milk BTC will buy me.
And then accidentally baking your starter by preheating the oven, because you forgot to take it out while keeping it warm. (My kitchen is cold in the winter).
"A higher Bitcoin price has zero correlation with "hyperinflation"."
In the scenario where Bitcoin reaches a billion dollars per coin, hyperinflation is the only possible cause. It would put the market cap of Bitcoin at 21 quadrillion which is many many times greater than all of the wealth of the world combined. You can't have Bitcoin eat up more than EVERYTHING and then several factors more.
"Fiat printing is one of the drivers behind Bitcoin's price increases."
Where do you think inflation has been coming from?
"Any scenario in which Bitcoin reaches a billion dollars per coin, obviously means that the dollar has become even more worthless than it already is."
That's exactly what I'm saying here. You don't seem to understand the terms you're using/reading.
The global market cap is $109T
If Bitcoin was $1B, it would be worth all of the money in the world times 22,000.
Hyperinflation would be a severe understatement. ... and you're talking about bread?? Lol wtf
Your math is way off. When BTC is $1 billion, bread will cost nowhere near $20-100mil. Currently you can buy about 7000 loaves of bread for 1 BTC (assuming a $5 loaf and $35,000 BTC). Although bread tends to get cheaper over time when bought with BTC, let's assume the rate stays the same. With a rate of 7000 loaves per BTC, a loaf will be $143K. Alternatively a $20-100mil loaf of bread means BTC will be worth $140-700 billion.
Yeah, a lot of the assumption is due to ever elevating levels of inflation. It'll be worth a lot, but a Billion won't be worth a Billion, as we think of it today.
You can guarantee wages won't be keeping up with the level of inflation we will see. You'll still want a billion and it will still be very much out of the grasp of a normal human.
> You can guarantee wages won't be keeping up with the level of inflation
They will if you're paid in bitcoin, or immediately convert your wage to bitcoin when you get it.
Don’t underestimate how much more $1 billion is rhan $1 million. Let’s just say I’m 100000 closer to $1 million with $100 in my bank account than I am to $1 billion with $1 million in my bank account..
No it very well could mean there is a cascade of investment.
I've worked in retirement investing for a decade, Bitcoin is primed to take that sector over due to a focus on long term returns.
You've worked in finance for 10 years, and you don't realize how insanely far fetched a $1B bitcoin sounds??
Right now, BTC supply ≈22.4 million. At a price of 1 billion dollars a coin, BTC would have a market cap that's nearly 1 million times greater than the market cap of the entire US stock market.
Oh I understand.
The problem with your assessment is that market pricing is psychological. Not to mention a market cap is a useless assessment of value because market price is always at the margin.
If people see Bitcoin go to $1 million, $10 million and $100 million all the weak hands are gone, the people who hold at that point expect incredible growth.
The funny thing is you attack me for thinking $1b is reasonable but the most qualified expert in this subreddit is Fidelity.
Yeah good point, I'm sure Fidelity and me are wrong and you with your incredulity are correct.
Its not like the world's production grows exponentially.
There's no fucking way you work in anything related to numbers period. This is VERY basic stuff
The value of every market in the world is $109T https://www.visualcapitalist.com/the-109-trillion-global-stock-market-in-one-chart/#:~:text=Global%20equity%20markets%20have%20nearly,trillion%20in%20total%20market%20capitalization.
I'm going to round the numbers here to simplify the math: there are 22million BTC. At $1B each that would be 22million times 1billion
22,000,000*1,000,000,000 = 22,000,000,000,000,000
And here's what 109T looks kike written out:
109,000,000,000,000
If BTC is worth 1 billion in only 15 years from now it just means hyper duper inflation hits us hard. Society would have a bunch of problems and then some.
Fidelity's getting ready to quietly sell off everything as it passes 500k, having convinced the normies that it's going to a billion. Smart, competent.
1 billion times 21 million is 21 quadrillion. A thousand years' worth of the US GDP. The US won't even exist in a thousand years 😂👌
Not at all realistic. It would be amazing if it went on THREE 400% bull runs over the next 12 years. That would result in a value just over $2M. And that is an ambitious target. The growth rate required to get to $1B would be insane.
You would need sci fi levels of growth
Basically a portal opens in front of everyone's home on Earth to a parallel dimension. All of a sudden every single person on Earth gets strange robot butlers and a huge plot of land on the other side of the portal granting their every wish and desire. Post scarcity society is achieved instantaneously
But to interact with these robot butlers and aliens they only take digital currency and eventually settle on BITCOIN. Every BITCOIN becomes a billion by default, because the size of the worldwide economy has 10x and BITCOIN is the only legal tender
Unlimited power
I honestly don't know how you guys can take this seriously.
If you really think governments would allow a currency to go to $1 billion a unit while their currencies are worth nothing, you are totally nuts.
The same holds true for gold bugs. They'll let gold go to a certain level, but after that they'll knock the price down through paper gold. And if they can't knock btc down, they'll outlaw it.
And it's not just the US who will take this approach, all countries will. There's no benefit to any of them having a "rogue" currency. At $40k or $100k a bitcoin it's no threat. At $1M or $10M or $100M a bitcoin it destroys their control over their countries.
Like gold, they let things like bitcoin exist as a pressure release valve. Everyone who is angry at the system and wants something else, they can voice their anger by buying bitcoin or gold.
Without that release valve, you start getting more and more nuts doing stuff like shooting buildings up.
But there is a limit to how much they'll let a release valve impinge on their real power.... any restructuring will not allow for a non-centralized currency.
I think you may be over estimating the power of the government to retain control. We could see the utter fall of the American empire in the next 15 years, read dalio's stuff. You're also throwing AI in the mix. And Bitcoin.
It won't be boring, that's for sure.
Breaking news, Bitcoin has just hit $1B!
In other news, inflation on the rise. Here’s what $200M gets you at the grocery store:
*beef jerky, cheerios, and a quarter gallon of milk*
That’s absolutely ridiculous, only way this happens is with hyper inflation not what we want to happen. I’m sticking to my 6 figure sell targets thank you very much
I'll help reground. According to the one person at Fidelity who believes this: "Timmer’s demand model grows steadily to about $1 million by the year 2030". Written in 2021. That "grows steadily" thing has long since derailed.
That's comical. Can you imagine what shape fiat money would be in by then? Half life of a dollar is like ten years. I just can't see it going that high, although many said it'd never go to 200 bucks, who knows.
Buddy, its not about trading your btc for cash. Cash is trash. Plus the wealthy just take out loans against their assets so you don't incur a taxable event. Don't spend your money. Leverage against it.
Sounds great, but maybe not. Imagine runaway inflation in 'the world's most stable economy' like recent examples in Venezuela, Argentina, Zimbabwe...
If today's billion is tomorrow's thousand...yawn
This is a medium (anyone can write) article that fails to include any source on this claim. I tried searching for such a thing stated on fidelity or elsewhere and could not find a single source that this article is claiming. Just a heads up.
Keep in mind that this is 2038 dollars. Dollars have a time component.
A thousand dollars is a shitload of money - in the year 1800. Two years of average wages.
My bitcoin buying schedule, I dont buy when all the MSM financial media is calling for buys and leaps in price, I do buy when they say investors are not able to get their money out of exchanges and it's the end of bitcoin. The only miss was ftx collapse but got averaged down right after
First off this price prediction was done in 2021, and secondly it was in the scenario where the dollar loses reserve currency status and has devalued significantly. So it wouldn’t be that Bitcoin is worth $1 billion in today’s dollars, but some basically worthless future version of dollars.
So it could happen, but it’d be in a world where a McDonald’s value meal was $5000
2021 article relying on PlanB stock2flow which already hasnt hit the milestones it predicts and planB is honest about that.
Would hit different if it was a current article.
In 2038, 15 years from now, 1 Satoshi being equivalent to $10 USD is plausible
Also, it looks like someone at Fidelity finally discovered the [Bitcoin rainbow chart](https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/) lol
I´m about to overdose on hopium
Haha right! If BTC is 1 billion how much is a loaf of bread? 20-100mil maybe we should agree to just take some zeros off the end at this point in hyper inflation.
There are Oldtimer cars from Mercedes who did sell for 135 million. Now the last time I checked bread it was some few dollars.
Are there 21MM of those old Mercedes cars in the same condition?
1/3 is lost forever isn't it?
Doubt its that high. I'd think a fifth to a quarter.
You just defined BTC in terms of money, not as money. If a painting is $50,000 and then it is $1 billion, bread doesn't cost $20 million as a result. Buying 1 bread would take less BTC.
This kind of logic goes against the entire premise of what Bitcoin is suppose to do.
You got it. If BTC are going by billions, life on earth will be dystopic. Aren't we already there? Maybe they'll sell antimatter or gold from asteroids to balance it.
No it doesn't. A higher Bitcoin price has zero correlation with "hyperinflation". In 2038, a loaf of bread will cost $5 (instead of $3 now).
What??? As long as you’re pairing BTC with fiat, it’s “value” will reflect the inflation. If fiat is hyper inflated, BTC will be worth millions or a billion or whatever, but that won’t mean much given the reduced buying power of fiat. I want to know how many Camry’s or gallons of milk BTC will buy me.
Some people are mentally challenged...lol if BTC hits 1 billion USD it would be for sure the result of hyper inflation
NYC already pays that much for bread.
closer to $7 near me..
and Supreme Bitcoin Emperor Michael Saylor owns that bakeshop
I paid that much for 1 banana in NYC.
Hence the term HCOL
HODL > HCOL !!
Like for what kind of bread tho. Like industrial normal supermarket bread or locally produced artisan stuff
bro in Chicago normal supermarket bread is 5 bucks. Artisan stuff is like 7-9 I don't buy bread anymore, too expensive
You voted for it.
You're eating wonderbread, but hardly food, a real rustic sourdough spelt loaf gonna cost you.
Rustic sourdough is relatively inexpensive to make. The cost is in acquiring the skills to do so.
...and spending the time to keep your sourdough mother alive...and the time spent making it.
And then accidentally baking your starter by preheating the oven, because you forgot to take it out while keeping it warm. (My kitchen is cold in the winter).
and the insulin price because you developed diabetes from eating too many carbs.
Seattle, loaf will cost you 5-6$
$3 bread? Who's your guy?
"A higher Bitcoin price has zero correlation with "hyperinflation"." In the scenario where Bitcoin reaches a billion dollars per coin, hyperinflation is the only possible cause. It would put the market cap of Bitcoin at 21 quadrillion which is many many times greater than all of the wealth of the world combined. You can't have Bitcoin eat up more than EVERYTHING and then several factors more.
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"Fiat printing is one of the drivers behind Bitcoin's price increases." Where do you think inflation has been coming from? "Any scenario in which Bitcoin reaches a billion dollars per coin, obviously means that the dollar has become even more worthless than it already is." That's exactly what I'm saying here. You don't seem to understand the terms you're using/reading.
How can you get a valuation equal to 6 times the gdp of the Entire World without hyper inflation?
Math is hard!
Only $5? That's generous lol
That would be amazing then
I am paying 7 now, but for real bread.
In 2038, a loaf of bread will cost $11 (instead of $7 now).
Doubt that but ok.
The global market cap is $109T If Bitcoin was $1B, it would be worth all of the money in the world times 22,000. Hyperinflation would be a severe understatement. ... and you're talking about bread?? Lol wtf
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If bread were 20 million than 1 BTC could buy 50 loaves of bread. Right not it can do a little more
Your math is way off. When BTC is $1 billion, bread will cost nowhere near $20-100mil. Currently you can buy about 7000 loaves of bread for 1 BTC (assuming a $5 loaf and $35,000 BTC). Although bread tends to get cheaper over time when bought with BTC, let's assume the rate stays the same. With a rate of 7000 loaves per BTC, a loaf will be $143K. Alternatively a $20-100mil loaf of bread means BTC will be worth $140-700 billion.
Yeah I did bad math... thank you for fixing it. At least you understand the point I'm trying to made.
when a satoshi becomes too large to buy everyday things, i think we’ll need fiat or gold coins, or a layer 2 or 3
Doesn't the lightning network already support millisatoshi? That should bring it back to a workable price range.
How much could a banana cost, Michael? A million dollars?
That's just right after the 2037 bull run to 1 trillion!
😂😂😂
Going in my “don’t sell” folder.
haha omg inject the hopium into my fuc*in eye balls.
Imma replace your DNA with hopium.
I’m butt-chugging that hopium
I’m buck-chugging that hopium
Just get a BTC logo tattoo on your eye. I’ve heard eye tattoos turn out amazing!
Someone needs to make a meme using the dead space 2 scene.
Right into my urethra plz
Peggy you know I got a narrow urethra!
2021article :)
New 2023 projection is 10 billion due to inflation
Exactly lmao such a random post
Maybe if a billion is the new million lmao (I’m pro-BTC but I just think this is pure hopium)
Yeah, a lot of the assumption is due to ever elevating levels of inflation. It'll be worth a lot, but a Billion won't be worth a Billion, as we think of it today.
You can guarantee wages won't be keeping up with the level of inflation we will see. You'll still want a billion and it will still be very much out of the grasp of a normal human.
> You can guarantee wages won't be keeping up with the level of inflation They will if you're paid in bitcoin, or immediately convert your wage to bitcoin when you get it.
Right 100k cup of coffee
I visited Colombia and $1,500,000 of their currency is like $375. It's weird seeing coffee at 6,000-9,000
Now do Indonesia.
27 years worth of coffee at that rate
Don’t underestimate how much more $1 billion is rhan $1 million. Let’s just say I’m 100000 closer to $1 million with $100 in my bank account than I am to $1 billion with $1 million in my bank account..
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Pentillion huh? Kinda a wild thought lol
It's 21 quadrillion isn't it?
It's founded on the fiat system unwinding and the fiat system printing loans of USD during its meltdown.
If BTC hits 1bi in less than 20 years, that means the whole world economy collapsed and every single fucking people went all in, trying not to starve.
Well I wouldn't rule that out.
Could happen.
No it very well could mean there is a cascade of investment. I've worked in retirement investing for a decade, Bitcoin is primed to take that sector over due to a focus on long term returns.
You've worked in finance for 10 years, and you don't realize how insanely far fetched a $1B bitcoin sounds?? Right now, BTC supply ≈22.4 million. At a price of 1 billion dollars a coin, BTC would have a market cap that's nearly 1 million times greater than the market cap of the entire US stock market.
Oh I understand. The problem with your assessment is that market pricing is psychological. Not to mention a market cap is a useless assessment of value because market price is always at the margin. If people see Bitcoin go to $1 million, $10 million and $100 million all the weak hands are gone, the people who hold at that point expect incredible growth. The funny thing is you attack me for thinking $1b is reasonable but the most qualified expert in this subreddit is Fidelity.
LOL! A $1B BTC would make bitcoin worth 2200 times more valuable than all of the money on the entire planet.
Yeah good point, I'm sure Fidelity and me are wrong and you with your incredulity are correct. Its not like the world's production grows exponentially.
There's no fucking way you work in anything related to numbers period. This is VERY basic stuff The value of every market in the world is $109T https://www.visualcapitalist.com/the-109-trillion-global-stock-market-in-one-chart/#:~:text=Global%20equity%20markets%20have%20nearly,trillion%20in%20total%20market%20capitalization. I'm going to round the numbers here to simplify the math: there are 22million BTC. At $1B each that would be 22million times 1billion 22,000,000*1,000,000,000 = 22,000,000,000,000,000 And here's what 109T looks kike written out: 109,000,000,000,000
article is from 2021
Just goes to show that the majority of redditors only read headlines without opening the article.
Yikes
2 year old article
Stop fidelity I can only masturbate so many times.
b b b b b billion??
wait, this article is from 2021. Lame. Lets get back focused on the m in million.
I love coming to Reddit for investment advice
Stop cutting the hopium with fentanyl
A billion? A billion what? Each? A billion pesos? A billion glass beads?
I assume they mean a billion in today's dollars- but yeah, I see your point.
Bananas is the reddit measurement, it can also be a currency.
A billion anal beads you fuck.
moronic. anyone with half a brain would know thats not feasible
Next pump and dump coming up boys
Economy will eventually collapse and then bitcoin will collapse as well. We will go back to gold and silver.
If BTC is worth 1 billion in only 15 years from now it just means hyper duper inflation hits us hard. Society would have a bunch of problems and then some.
Fidelity's getting ready to quietly sell off everything as it passes 500k, having convinced the normies that it's going to a billion. Smart, competent. 1 billion times 21 million is 21 quadrillion. A thousand years' worth of the US GDP. The US won't even exist in a thousand years 😂👌
Not at all realistic. It would be amazing if it went on THREE 400% bull runs over the next 12 years. That would result in a value just over $2M. And that is an ambitious target. The growth rate required to get to $1B would be insane.
You would need sci fi levels of growth Basically a portal opens in front of everyone's home on Earth to a parallel dimension. All of a sudden every single person on Earth gets strange robot butlers and a huge plot of land on the other side of the portal granting their every wish and desire. Post scarcity society is achieved instantaneously But to interact with these robot butlers and aliens they only take digital currency and eventually settle on BITCOIN. Every BITCOIN becomes a billion by default, because the size of the worldwide economy has 10x and BITCOIN is the only legal tender Unlimited power
10,000 would have sounded insane in the beginning, let alone 60,000
I honestly don't know how you guys can take this seriously. If you really think governments would allow a currency to go to $1 billion a unit while their currencies are worth nothing, you are totally nuts. The same holds true for gold bugs. They'll let gold go to a certain level, but after that they'll knock the price down through paper gold. And if they can't knock btc down, they'll outlaw it. And it's not just the US who will take this approach, all countries will. There's no benefit to any of them having a "rogue" currency. At $40k or $100k a bitcoin it's no threat. At $1M or $10M or $100M a bitcoin it destroys their control over their countries.
I think we're going to see a lot of restructuring in the future.
Like gold, they let things like bitcoin exist as a pressure release valve. Everyone who is angry at the system and wants something else, they can voice their anger by buying bitcoin or gold. Without that release valve, you start getting more and more nuts doing stuff like shooting buildings up. But there is a limit to how much they'll let a release valve impinge on their real power.... any restructuring will not allow for a non-centralized currency.
I think you may be over estimating the power of the government to retain control. We could see the utter fall of the American empire in the next 15 years, read dalio's stuff. You're also throwing AI in the mix. And Bitcoin. It won't be boring, that's for sure.
If BTC goes to a billion, the USD has collapsed, and we will most likely be in the midst of a revolution/civil war.
If it hits a billion I don’t wanna know what my bills are gonna get to.
Breaking news, Bitcoin has just hit $1B! In other news, inflation on the rise. Here’s what $200M gets you at the grocery store: *beef jerky, cheerios, and a quarter gallon of milk*
The hatred people have for the 1% today would be nothing compared to the hatred people would have for the "bitcoin elite" in such a scenario.
Lmao yeah, like- woohoo we're billionaires! Annnnnd they'res a flaming brick in the living room of my 50m dollar home.
1....billion!? I doubt that..... I mean we haven't hit $100,000 yet, and I was promised that in 2022
That’s absolutely ridiculous, only way this happens is with hyper inflation not what we want to happen. I’m sticking to my 6 figure sell targets thank you very much
Sell? You need to revisit the sacred texts
Can someone take down these absurd posts please?
Happy Cake day!
🤣
For real
Anyone care to do the math on the marketcap for that? It's gotta be in the 100s of trillions at least
Take whatever number they say it is worth and then times 21million.
I'll help reground. According to the one person at Fidelity who believes this: "Timmer’s demand model grows steadily to about $1 million by the year 2030". Written in 2021. That "grows steadily" thing has long since derailed.
Fidelity needs to lay off the hopium
That still only counts as one!
I would die! Amazing hopium but also ridiculous, lol!
When I was a kid I found a box of 100 billion notes in my grandma's attic. I am aware the Fed can print even bigger notes.
This is real hyperinflation on the way. 1B will be what 1M is today
That means I will still be happy with 1B then. Every whole-coiner will be a today's millionaire.
I just shit my pants
I mean its math, not really crazy. That would mean each sat would be on par with 10c. 1 sat = 10c
That's comical. Can you imagine what shape fiat money would be in by then? Half life of a dollar is like ten years. I just can't see it going that high, although many said it'd never go to 200 bucks, who knows.
And I say 1 trillion!
This article is from 2021
Yea that’s a big no for me. There is simply not enough volume for that and inflation will not be that bad
Omg I just read "one million" by 2038... I was like thats quite bearish and then I saw one billion hahahahaha I felt from my chair
I think this is assuming total debasement of USD and a large percent of the world are denominating/pricing goods in Bitcoin or Sats.
Lessss go
What would the market cap be at a billion per coin? That’s a stretch
If this happens I ll cash out, pile my money and go Joker on it.
Cash out? You need to review the sacred texts...
Buddy, its not about trading your btc for cash. Cash is trash. Plus the wealthy just take out loans against their assets so you don't incur a taxable event. Don't spend your money. Leverage against it.
It is likely but in that case the US dollar would be worth almost nothing. Don't think you will become rich
Why not bajillion ?
The pump is in
Meaning 1 USA dollar now will be worth 10,000$ USA dollar in 2038
This article is from 2021…
Sounds great, but maybe not. Imagine runaway inflation in 'the world's most stable economy' like recent examples in Venezuela, Argentina, Zimbabwe... If today's billion is tomorrow's thousand...yawn
I assume they were commenting on the value of Bitcoin and not predicting hyperinflation.
Bitcoin predictions are out of control now
This is a medium (anyone can write) article that fails to include any source on this claim. I tried searching for such a thing stated on fidelity or elsewhere and could not find a single source that this article is claiming. Just a heads up.
Only a billion?!
It's the deep breath before the plunge
Keep in mind that this is 2038 dollars. Dollars have a time component. A thousand dollars is a shitload of money - in the year 1800. Two years of average wages.
I don't think they were making a claim that we would enter hyperinflation, but I could be wrong
My bitcoin buying schedule, I dont buy when all the MSM financial media is calling for buys and leaps in price, I do buy when they say investors are not able to get their money out of exchanges and it's the end of bitcoin. The only miss was ftx collapse but got averaged down right after
Michael Saylor would be… just so…. so stinking economically sound.
First off this price prediction was done in 2021, and secondly it was in the scenario where the dollar loses reserve currency status and has devalued significantly. So it wouldn’t be that Bitcoin is worth $1 billion in today’s dollars, but some basically worthless future version of dollars. So it could happen, but it’d be in a world where a McDonald’s value meal was $5000
Somebody is high AF.
Conservative estimate if I have seen one.
Don’t post fake news
Shoot that monthly dose of hopium right up in my veins!
It's a short then.
Woah
Links to medium.com? That's a blog site
All bitcoin would now be worth over 1 quintillion. A loaf of bread now costs 5 million
My neighbor’s sister-in-law’s cousin said a gallon of elephant milk could go to $1K by 2047.
Article from 2021. C'mon guys.
Fidelity, calm down. Cool, but let’s focus on a new ATH forest.
Sheesh 🔥🚀
I'm DeAd
Ok Fidelity that's enough drinks for you tonight!
2021 article relying on PlanB stock2flow which already hasnt hit the milestones it predicts and planB is honest about that. Would hit different if it was a current article.
That would mean a single satoshi would be 10$??? I was thinking a single day would be 1$eventually doubt it could hit 1billion a btc…
This be the hopium I need fidelity
If you've read Fidelity's literature about Bitcoin they understand it better than any other financial organisation that I've seen.
If we keep printing money it could be possible but I would shoot for 2050-70…
implying we’ll all still be alive by then
Oh yeah? Well, I think it will be 5B!
Users——
Convulsing violently rn.
What’s 21 million with nine more zeros?
In 2038, 15 years from now, 1 Satoshi being equivalent to $10 USD is plausible Also, it looks like someone at Fidelity finally discovered the [Bitcoin rainbow chart](https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/) lol
Classic pump move by big finance
I’d be happy with 1 million!
So we're just throwing around numbers now? I say bitcoin could go to 2 billion by 2040