u reckon btc heading to 20k again?
Let me first say, as I have said all along, that something that produces no yield cannot be valued. Yield is the fundamental driver that investors like myself and Buffet look at when valuing an asset (then of course adding in many other factors such as reliability of yield, longevity of yield, yield compared to interest rates etc), and which is why value investors like myself consider crypto and (gold also) to be inherent bubbles. Their value is simply a factor of what others are prepared to pay for them, vs yield producing assets where value can be fundamentally calculated.
So, that in turn means, that BTC (and gold) could fall to virtually zero value. They could also hit astronomical values.
Do I think BTC will surpass 20K again? Yes, I think so, based on the societal trend I am seeing. Would not surprise me if we get to 10K soon which in turn is a milestone that will spur further publicity as mainstream buyers enter.
I think every person, if possible should own at 1 BTC. (There will only ever be 21,000,000 coins mined, and probably 1/3 are already "lost". So lets say 14,000,000 coins that can actually be accessed vs 36,000,000 millionaires in the world, meaning other is only enough supply for .5 of a coin per millionaire. Now bear in mind that many millionaires own more than a coin, and indeed, many non-millionaires do too. Let alone Governments and funds, and you can get the idea of where pricing "could" go in the future. I would not recommend by any means putting all your eggs in one basket. As I have said before, I only have a minute % of total wealth in BTC (and gold for that matter).
