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[onlyprofits]

I don't know if this prediction found on Cointelegraph has a bullish end, that is, it wants to move the market as a positive fundamental for the price of BITCOIN.
But what is true is that large corporations have acquired large amounts of BTC as a long-term safe haven asset.
We all know that when a large company makes investments, it is because they have carried out a very detailed study on the future value of this coin.
Jeroen Blokland, is the Robeco portfolio manager, this character performs an analysis based on the M2 indicator of the speed of money in the US, this is one of the indicators used to measure the amount of money that circulates in the United States. He expresses that the M2 reached all-time lows and therefore there is too much money to spend.
This is because there is a huge money printing by the Federal Reserve, which in parallel has occurred in the nations that make up the G4, they have increased their balance sheets in their respective central banks. This has occurred in parallel to the increase in assets that have been used as a refuge: BTC, Gold and Silver.
The quantum analyst behind Bitcoin's stock-to-flow price forecast (S2FX), PlanB, says that this collapse will help Bitcoin reach the value of the most recent predictions, $ 288,000 by 2024.
This $ 288,000 price is part of phase 5 of the stock-to-flow cross-asset model (S2FX). PlanB explains that this value is the center of accumulation of the next phase, the same as what happened with the value of $ 6,700, this was the center of accumulation of the last phase, that is, the current one.
This analyst expresses that he does not really know when this phase 5 begins and when it ends, but looking at the accumulations of the past, it can begin approximately 6 months after the Halving of 2020 until 6 months after the Halving of 2024.
With this I add another excellent news to where the price of Bitcoin is going. Is it true that I do? Is it a lie? This is only known by the market and its intention in the future, but as time passes, Bitcoin has respected the predictions of great analysts, based on their experience and knowledge of the market.

 

[Reznov]

is this a trap to bring more investors, whales and miners or what ? it's almost impossible to know if a cryptocurrency will rise or not as i always say, if it was a possible thing, people could have saved themselves a lot of money already

 

[onlyprofits]

is this a trap to bring more investors, whales and miners or what ? it's almost impossible to know if a cryptocurrency will rise or not as i always say, if it was a possible thing, people could have saved themselves a lot of money already

It is that many people who invest, believe that the asset is going to rise in price in a straight line, there is what they call correction, which is nothing more than the small setback that it experiences. You have to have strong hands to avoid selling when an asset falls back. In the case of BTC, all the long-term predictions have come true, you just have to have patience and strong hands.

 

[Paymon]

Do you think bitcoin has that much potential? At $10000 it has a cap of nearly 200 billion dollars. Multiply by 30 and it's 3 trillion dollars. Do you think what bitcoin is doing is worth 3 trillion dollars? It could be who knows. I believe crypto market cap can go a lot more than this but I don't see a lot of potential for bitcoin. Maybe ethereum or tron or chains that will be popular in the future with more options than just sending and receiving money will be more prominent.

 

[Reznov]

It is that many people who invest, believe that the asset is going to rise in price in a straight line, there is what they call correction, which is nothing more than the small setback that it experiences. You have to have strong hands to avoid selling when an asset falls back. In the case of BTC, all the long-term predictions have come true, you just have to have patience and strong hands.

maybe predicting that the price will rise is an easy thing based on today's standards, because that's how the things are running since years, BTC keeps increasing, but assuming the average price can't be exact, and you can't guarantee that the price will keep permantely rising

 

[Niftyicon]

is this a trap to bring more investors, whales and miners or what ? it's almost impossible to know if a cryptocurrency will rise or not as i always say, if it was a possible thing, people could have saved themselves a lot of money already

You are very right, from $11k+ to $228k and that in a space of less than 4 years is almost impossible even to predict. Probably a gimmick as you have said.

 

[onlyprofits]

Do you think bitcoin has that much potential? At $10000 it has a cap of nearly 200 billion dollars. Multiply by 30 and it's 3 trillion dollars. Do you think what bitcoin is doing is worth 3 trillion dollars? It could be who knows. I believe crypto market cap can go a lot more than this but I don't see a lot of potential for bitcoin. Maybe ethereum or tron or chains that will be popular in the future with more options than just sending and receiving money will be more prominent.

I'm not saying it, PlanB says it based on Blokland's analysis. These people know their work very well and they know the sentiment of the market under certain circumstances. For example, see the value of the 42-coin coin, it is priced at $ 38,000 and its market capitalization is above the top 100 on the Coinmarketcap listing.

maybe predicting that the price will rise is an easy thing based on today's standards, because that's how the things are running since years, BTC keeps increasing, but assuming the average price can't be exact, and you can't guarantee that the price will keep permantely rising

Those are just speculations, what if it is a fact is that the BTC will continue to rise and in the long term it is an excellent investment for a safe haven of capital, as large corporations have understood it.

 

[onlyprofits]

You are very right, from $11k+ to $228k and that in a space of less than 4 years is almost impossible even to predict. Probably a gimmick as you have said.

This says PlanB, you can find it on twitter. I found the news interesting, but I can't be sure, but I'm sure that BTC will be over $ 50,000 by 2024.

 

[Niftyicon]

This says PlanB, you can find it on twitter. I found the news interesting, but I can't be sure, but I'm sure that BTC will be over $ 50,000 by 2024.

Well, since it is an expert's point of view, I guess they have probably drawn some charts, made a lot of researches to be able to predict the market. It looks impossible looking at the volatility of bitcoin now but they must have done their work well enough.

 

[KarthikP]

Maybe this is one of the way to pull the investors of Bitcoin. This way there will be increase in growth of new Bitcoin investors , let's hope this would happen for real .

 

[Balint098]

There are many extremely bullish predictions like this. Though I hope bitcoin can someday reach that level, I think it would be wise if we take those predictions with a grain of salt and do our own due diligence.

 

[Niftyicon]

If the aim was to pull in more investors, I wonder how effective this would be for them. It is truly quite extreme even coming from so-called experts.

 

[Wisdom01]

Well its just a mere adoption and we are still waiting for it to surpass that $20000 range then we can now be talking of $50000 and so on but $288k is ver y huge

 

[SCAMEXPOSER]

2024 is still kinda far for such prediction because the trend of bitcoin could change in a very short time.
By estimation it is expected that the price would have be like 20 times it current price. If we are to judge between 2016 till date I don't see this price as a reality.

 

[onlyprofits]

Remember that these are speculations based on studies of the behavior of BTC and following market sentiment.
I cannot assure you that it will reach 288K, but it is certain that its long-term trend is up.
Do not hesitate to have part of your long-term assets invested in BTC, you will not regret it.

I'm not saying it, PlanB says it based on Blokland's analysis. These people know their work very well and they know the sentiment of the market under certain circumstances. For example, see the value of the 42-coin coin, it is priced at $ 38,000 and its market capitalization is above the top 100 on the Coinmarketcap listing.

Those are just speculations, what if it is a fact is that the BTC will continue to rise and in the long term it is an excellent investment for a safe haven of capital, as large corporations have understood it.

ERRATA FAITH: I WANT TO MAKE A CORRECTION HERE. I MEAN YFI AND WRITTEN 42-COIN.

 

[Cryptonaut]

ROFLMAO By 2024, the wealthiest people will have access to clean water, non-poisoned food and breathable air, not to mention protection from radiation and disease. Whether the bitcoin will be at 1,000 or 300,000 USD is literally irrelevant.

 

[onlyprofits]

ROFLMAO By 2024, the wealthiest people will have access to clean water, non-poisoned food and breathable air, not to mention protection from radiation and disease. Whether the bitcoin will be at 1,000 or 300,000 USD is literally irrelevant.

I do not understand what you want to say. The topic of the thread talks about a possible price of $ 288,000 for Bitcoin, therefore it has relevance in this thread.
What the rich have or not, I do consider irrelevant in this thread.

 

[Cryptonaut]

OK I'll try to be more relevant: the price of bitcoin in 2024 will be 333,333 USD - no more, no less. I have no reason for that, like others in this thread also. To be honest, nobody can predict the price of any crypto (or fiat currency) in 2024, but the possibility, that we all will be dead at this point, is greater than the possibility of guessing the "right" price. So the amateurish guesswork or "professional" predictions are both bullsh!t, no matter what. Do you understand now?

 

[Equinoxx]

Well if it hits that high many of us would be gratified but again uncertainty is a factor with all currencies be it crypto or normal national currencies.

 

[onlyprofits]

OK I'll try to be more relevant: the price of bitcoin in 2024 will be 333,333 USD - no more, no less. I have no reason for that, like others in this thread also. To be honest, nobody can predict the price of any crypto (or fiat currency) in 2024, but the possibility, that we all will be dead at this point, is greater than the possibility of guessing the "right" price. So the amateurish guesswork or "professional" predictions are both bullsh!t, no matter what. Do you understand now?

Ah ok, hahaha it's true, but remember that technical analysis is only a part and has scientific bases that help to speculate the trend and the price of an asset, they are not 100% correct, it is true, but many like to speculate on the price of many assets and become known for it. In these moments when BTC is the protagonist of the film, there is a lot of information about it, I think it is good to put positive information about the queen of cryptocurrencies since I trust that it is a good investment and its ceiling is still far away.

Well if it hits that high many of us would be gratified but again uncertainty is a factor with all currencies be it crypto or normal national currencies.

For my part, it is the greatest wish that BTC continues to rise as its demand increases and does not collapse, I believe in the usefulness and importance of cryptocurrencies in the future.