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Bitcoin price will hit $1M by the end of the decade: My prediction

5 pointsby kprimiceover 4 years ago

1 comment

sebmellenover 4 years ago
I built my startup around one of the few uses of blockchain tech I see that really has utility — timestamping without a trusted source. I&#x27;m not anti-crypto, and I own a small amount myself.<p>That said, all these posts are absolute horseshit. We&#x27;ve had John McAfee anticipating million dollar Bitcoins for the last few years, we&#x27;ve had Novogratz spewing more unsubstantiated price predictions, and now someone writing a blog post is doing the same. Maybe it will happen. Maybe. But there&#x27;s no point speculating on it like this. I could do the same with nearly any other asset or idea, like virtual reality or artificial intelligence or some other buzzword.<p>This just fuels FOMO and hype and does little to advance the cause of decentralization and cryptocurrencies.<p>This is not to mention Bitcoin&#x27;s biggest problem, which is its distribution. People like Roger Ver and Brock Pierce will not (and <i>probably</i> should not) be the richest people on Earth.
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