The chart has never lied to me

Call me levi

Call me Gene

Shits about to get wild

If we hit 300-500k in 2025, which we probably will, then 500-$1m in 2028-2029 isn't that crazy

Looks like best fit log curve

I use charts.bitbo.io/long-term-power-law/

Even high 6 figures is not out of the question if trump actually starts buying with government money

The fucking flippening bro, the US government is gonna rugpull USD for bitcoin

$1m by 2033 according to the graph I use

This rainbow has been debnunked there is another chart that is more accurate, it uses a log curve.

Rainbow chart just goes lineal after a certain point which is retarded

The one above is a log curve. Log is the inverse of exponential so it approaches a number on the y axis

Looks gay

there are 8Bn people on earth
there is a maximum of 21M bitcoin available (in practice it's much less)
currently ~85M people own bitcoin
that's roughly the adoption ratio of the internet back in 1992
the crazy thing about bitcoin is that for all the fanfare and eye-catching headlines... we're still early

Generally the 1% holds about 50% of the world's wealth. If the 1% were to hold 50% of the world's bitcoin:
8 billion * 0.01 = 80 million people
10 million bitcoin ÷ 80 million = 0.125 bitcoin to be the average 1%er. Right now that's only $11,250. It's still early.

To be fair the top 1% ain't shit, I think I'm in the top few % worldwide as are any 6 figure salary Americans. It's that .1% of 'the 1%' who fly right off the chart disproportionately.

It accounts for wars, elections, inflows, pestilence, and more.
Be not afraid.

agreed
if we extrapolate current wealth distribution and apply it to bitcoin ownership assuming mass adoption, we get this graph
In this world, owning 1 bitcoin puts you in the 97th centile
To give an idea of what that means today, the 97th centile of wealth owners in the world have an average of $2.7M in personal assets

It's all relative. I think what's most surprising is how much inequality there is even within the same species. Some conspiracy theorists believe there are secret trillionaires who don't appear on the Forbes richest list. I wouldn't be surprised. One way to contemplate how rich Elon Musk is compared to a millionaire: 1 million seconds is 11.5 days while 320 billion seconds is 10,147 years. I think you need like $1.1 million to be in the global 1% (American is like 10x that) so yeah the 1% is nothing compared to the top richest.

also where did you find this graph/how do I know it's accurate? And why does the top of the graph say 1 million bitcoin? Are they saying the 99th percentile owns just under 2 bitcoin and the top richest is satoshi nakamoto with over a million?

How do you justify those high prices many years into the future? There are few bitcoins to mine and nobody uses the network. Where do the mining rewards come from?

transaction fees

Nobody uses the network. It's literally sold as a store of value.

I doubt the number of transactions per day is going to go down over time as opposed to up.

this eric wall negro that i personally asked "if you like niggers" to which he replied "yes" was the first red flag after adding more colors to the rainbow

link

what the fuck does this chart mean

get back from 2nd deployment with 80k in the bank in january 2013

see this new internet monopoly money called bitcoin being spammed on Anon Babble

It's being given away like candy for posting stupid shit like posting a picture of yourself with a shoe on your head (mainly sharpie in pooper)

look into it but never bother to buy

use my money instead to pseudoneet for a few more years until finally becoming a wagie in 2016

I'm still salty. At least i have a fifth of a btc. I could've been a full coiner if i sold my arbidoge back in march or if i would have used covid gibs on it instead of boomer stocks

When it hits 10m one sat will equal a penny when it finally stabilizes around that price for years it will be usable for everyday transactions

adam back predicted 500k to a mil for the peak of this cycle. newfags who think it is just about "gambling" on alts don't understand what btc actually is.

the best way to get rich is to buy as much btc as you can and never sell it. or buy mstr, which will outperform it, but then you might not be able to get your hands on an actual btc when you're rich from mstr and btc is so scarce that billionaires and megacorps are in bidding wars to get their hands on it lol

mining pay after the last halving will come from fees

nobody uses the network

when btc is multiple millions per coin, using the L1 will be extremely expensive and only for important things/people. it will actually stabilize mining and make it a reasonable business venture for once.

there are 100M sats in 1BTC so BTC only needs to hit $1M for a sat to equal 1 penny. Future goods will be prices in sats

the chart has never lied to me

you now its made up

and in fag colors

Why do you assume that? Check 2021, it didn't hit the top.

Best wallet for BTC? I was thinking of getting a Trezor...but what happens if Trezor goes out of business or something?

my interpretation is that during the 2013-2014 bullrun it went 2 colors above the red
in 2017-2018 it hit right at the red limit
in 2021-2022, 2 colors under the limit
so in 2024-2025, it's gonna stop at that first green one under the yellow ~150k