The Immutable Ledger of Bitcoin
Darin Feinstein, the CEO of Core Scientific, believes that the price of Bitcoin (BTC) will continue to rise indefinitely. He predicts that BTC’s immutable ledger will become a cornerstone of modern civilization and make it a candidate for future financial products. Feinstein’s bullish predictions are based on his own experience of buying BTC when it was $50 and seeing a 900x gain at today’s prices.
Bitcoin Price Will 200x Again in a Decade
Feinstein confidently states that BTC will continue to rise for the rest of your life. He predicts another 200x increase over the next decade. The immutability of BTC’s ledger is considered an accounting marvel, as it means that no one can change history. In the past, accounting records could be modified, leading to erroneous acceptance as universal truth. However, with BTC’s time chain, each transaction is recorded with its timestamp, preventing any changes or fraud attempts.
Bitcoin Maxi Samson Mow Says $1 Million Price Can Disrupt
A recent poll conducted by Bitcoin maximalist Samson Mow revealed that most respondents believe a $1 million price for Bitcoin would be achieved through a fast and violent ascent. Mow has been an advocate for the $1 million price thesis and believes that Bitcoin’s unpredictability can cause economic disruptions. A $1 million price would have significant implications, such as challenging MicroStrategy’s goal of owning 1% of the Bitcoin supply and discouraging countries like El Salvador from issuing Bitcoin bonds.
Hot Take: Bitcoin’s Potential to Disrupt
The potential for a $1 million BTC price highlights Bitcoin’s ability to disrupt traditional systems and challenge established players. It could impact companies, governments, gold bugs, and central banks alike. While some may dismiss Bitcoin as a store of value, its rising price and immutable ledger make it a force to be reckoned with. As BTC continues to gain traction and prove its value, the old guard may need to adapt or face obsolescence.
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