@shiningknight88
When discussing Bitcoin's long-term value, Bailey offered a striking observation: "The long-term value of one Bitcoin is one-21 millionth of anything else." This implies that Bitcoin's ultimate value will transcend any specific dollar figure. However, Bailey also clearly identified a specific short-term goal: "A floor for Bitcoin will be $1 million in my X account." This prediction is based on a simple comparison: if Bitcoin's market capitalization were equal to that of gold, then the price of Bitcoin would be $1 million per coin. In other words, "If Bitcoin is superior to gold in every way, then its value cannot be less than $1 million."
0 reply
0 recast
0 reaction