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Re: getmenews post# 36895

Friday, 05/21/2021 4:26:18 PM

Friday, May 21, 2021 4:26:18 PM

Post# of 37920
Bitcoin price to hit $307k by October, then $12.5 million by 2031 - Robert Breedlove : https://www.kitco.com/news/2021-05-21/Bitcoin-price-to-hit-307k-by-October-then-12-5-million-by-2031-Robert-Breedlove.html

My Comment : If you believe this then I've got some land in Florida to sell you.

Excerpts;
Breedlove told Michelle Makori, editor-in-chief of Kitco News, that over the next 10 years, Bitcoin will climb to $12.5 million in nominal terms, which would be $1 million in inflation-adjusted, 2021 terms.

His forecast is based on the assumption that the money supply will continue to grow exponentially, with the nominal value of Bitcoin growing alongside it.

Breedlove expects the M2 money supply to double again in the next four years, and then double again after that until the U.S. money supply grows to about 40% of the world's money supply in 10 years' time.
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