PCT: 2014 BTC Price = 318USD v10.4 :
PCT = Pandas Coffee Talk.
2014 BTC = 318USD.
2024 BTC = 71000USD.
Therefore a jump of x222 in 10Years. That is 22200% in 10Years. About 2220% in a year.
What? You are kicking yourself because you thought BTC is a digital kid toys in 2014. Don't jump into wagon.
Imagine now it is 2034.
With same x220 jump rates.
Simple estimation calculation 70000USD x200 = 14000000USD = 14MillionUSD.
2034 BTC = 14MillonUSD. You are kicking yourself again. Thought BTC is same a digital kid toys in 2024. (Hope me does the maths right.)
Now you just wake up from 2034. Discover you are in 2024. So you should start doing to $Grayscale Bitcoin Trust(GBTC)$ Bullish everyday like no tomorrow or still waiting for Christmas?
Disclaimer: last time me RickPANDA is against crypto like BTC. Because it is involved in many crypto banks frauds & taxes evasions & black markets illegal goods transactions. But now shares like SMCI keep issuing shares offers causing non-linear growth dips. Returns are not as good as BTC holding. And SEC legalize GBTC as BTC ETF. Since US think it is able to keep all BTC criminal activities in check. Don't see why we pandas should not jump into GBTC.
Disclaimer: me predicts from growth rates of BTC prices. Sooner or later. All countries governments will rig BTC prices like gold prices. Anyone notice same as me that BTC increase at slower rates when SEC legalize BTC ETF? BTC conspiracy theory. Nevertheless: YTD% BTC = +67-80%. Let's take it as +67%. If Q4 = Q3 = Q2 = Q1. BTC yearly returns = +67% x 4 = +268% By right. If after daily household expenses me invests all my wife allowances. Me will be a millionaire at Age59 4Years from now. See screenshot spreadsheet calculations.
Data: Apple Movie: The Rise & Rise Of Bitcoin.
Modify on 2024-04-11 22:43
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