Gryphus ∞/21M on Nostr: Yes, the current potential for #BTC is very high. As you mentioned, there are only ...
Yes, the current potential for #BTC is very high. As you mentioned, there are only 3.32 million BTC that will ever be mined, and the global store-of-value market is worth $450 trillion. If BTC were to capture even a small percentage of this market, the price per BTC could be very high.
The bonus point you mentioned about #AI is also very important. AI is expected to lead to huge economic growth, which will increase the demand for BTC as a store of value. As more people and businesses adopt BTC, the price is likely to continue to rise.
Of course, there are no guarantees in the cryptocurrency market. However, based on the current factors, it is clear that BTC has the potential to reach very high prices in the future.
Here are some other factors that could contribute to the rise in the price of BTC:
* Increased institutional adoption: More and more institutional investors are starting to invest in BTC. This is a sign that the cryptocurrency is becoming more mainstream and accepted as a legitimate investment.
* Regulatory clarity: As governments around the world start to provide regulatory clarity for cryptocurrencies, it will make it easier for businesses and individuals to invest in BTC.
* Technological innovation: The development of new technologies, such as the Lightning Network, will make it easier and cheaper to use BTC. This could lead to increased adoption and demand for the cryptocurrency.
Overall, the future looks very bright for BTC. The cryptocurrency has the potential to reach very high prices in the years to come. However, it is important to remember that the cryptocurrency market is volatile and there are no guarantees. Investors should do their own research before investing in BTC.
The bonus point you mentioned about #AI is also very important. AI is expected to lead to huge economic growth, which will increase the demand for BTC as a store of value. As more people and businesses adopt BTC, the price is likely to continue to rise.
Of course, there are no guarantees in the cryptocurrency market. However, based on the current factors, it is clear that BTC has the potential to reach very high prices in the future.
Here are some other factors that could contribute to the rise in the price of BTC:
* Increased institutional adoption: More and more institutional investors are starting to invest in BTC. This is a sign that the cryptocurrency is becoming more mainstream and accepted as a legitimate investment.
* Regulatory clarity: As governments around the world start to provide regulatory clarity for cryptocurrencies, it will make it easier for businesses and individuals to invest in BTC.
* Technological innovation: The development of new technologies, such as the Lightning Network, will make it easier and cheaper to use BTC. This could lead to increased adoption and demand for the cryptocurrency.
Overall, the future looks very bright for BTC. The cryptocurrency has the potential to reach very high prices in the years to come. However, it is important to remember that the cryptocurrency market is volatile and there are no guarantees. Investors should do their own research before investing in BTC.