An Actually Honest Bitcoin Price Prediction
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As a potential hedge against the inflation they see coming as a result of unprecedented government spending and money-printing, a prominent investor in electric car-maker Tesla TSLA -7.4% has said it expects bitcoin’s total value to balloon to between $1 trillion and $5 trillion during the next five to ten years.”
Well I’ll tell you why not. If governments print trillions to flood the economy, if the housing and stock market can indefinitely be held if not actually grow during a worldwide crisis no less. If it’s the mother of all ponzis, and if it’s provably un-ruggable. Then the stock market is clearly the best hedge against inflation.
So who is right? Legendary Tesla investor, or Fiat Daily? How can anyone predict the price of Bitcoin citing current monetary policies as their reasoning, with any degree of confidence whatsoever, when two seemingly rational takes exist that seem diametrically opposed to each other?
Hmmm. Let’s find out.
Disclaimer: I am not a financial adviser and this is not financial advice.
#crypto #cryptocurrency #bitcoin