RE: Bitcoin will go to $1M / Why other cryptos won't (part 1)
Good article well here's my thoughts on this. If Bitcoin goes to a million it won't hold a million. Only way that happens and it holds a million is i think the dollar is on the verge of collapse. Then it can go to anything. Also we should be mindful its a big difference in the market cap of cryptos at $1 trillion and them at $21 trillion. So i don't expect btc to get anywhere near a million and if it does we're looking at apocalyptic conditions.
The other part i'd add is bitcoin is only going up because of its speculative gambling nature, lol. There is no other reason. There is no utilized reason why. It's complete baloney. Now the real value is in blockchain technology. That doesn't necessarily mean you own some crypto that goes to the moon. Nothing of value gets built on bitcoin or utilized this is why they have to designate it as a store of value as it doesn't do anything else lol. It can't do anything else which is a misunderstanding of the complete full encompassing development of store of value.
Yes gold is a store of value but that was based on it's ability over the ages as an effective money that was used in addition to that to other things. So it then had an accepted overall development. Bitcoin is not even close to that, lol. We mostly use bitcoin to buy altcoins. There is no real other use for btc because people think they going to get rich. It's laughable but everyone will try to get their money before the laughing stops.
i see you have a part 2.. i'll save the rest for that.
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