Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: laijsica on September 17, 2024, 07:07:58 PM
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I was very surprised to see the news that a small country like Bhutan holds over $780M in Bitcoin and will continue to increase in the future. It's the second country after El Salvador to officially hold Bitcoin. I'm more optimistic about how much Bitcoin value can skyrocket against the high demand. I think bitcoin is currently in its teenage years and its value will increase exponentially due to massive demand against its limited supply.
(https://talkimg.com/images/2024/09/17/gXuIW.png)
News Link: https://www.coindesk.com/markets/2024/09/17/bhutan-tiny-country-with-3b-gdp-holds-over-780m-in-bitcoin/
As a result of the increase in the demand for Bitcoin around the world, how much can the price of Bitcoin reach by 2030?
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i heard of this news before. its a wonder who could have gave their leader the advice to dive into BTC and mining. but it must be a convenient to have an investment where their government holds a BTC wallet and that this small country can stand in economic crisis while in the middle of 2 countries that are in conflict for some time about their borders. one could say they are preparing for whats to come if shit hits the fan. if this country has the military might, they could be dominating China and India.
2030 is out of the picture yet. we may need to see where the bull run this 2024 will take us first.
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While some are trying to fight bitcoin some are accumulating and helping bitcoin ecosystem. This is the first time I’ve heard of this country (I’m not that interested in learning about countries) but for what they did I believe they deserve more recognition.
As a result of the increase in the demand for Bitcoin around the world, how much can the price of Bitcoin reach by 2030?
I don’t know the exact price it will be during that time but one thing is certain the price of bitcoin will have gotten to a new all time high during that time.
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I was very surprised to see the news that a small country like Bhutan holds over $780M in Bitcoin and will continue to increase in the future. It's the second country after El Salvador to officially hold Bitcoin.
It is always good seeing more countries embracing bitcoin and also investing in them. It gives this hope that bitcoin will become more adopted in the future than what we see from it now. I never know of a country like Bhutan before, this is my first time hearing it and to see that it’s a small place, it shows how valuable bitcoin has become to them to have follow in the footsteps of El Salvador. We hope to see more adoption and demand for bitcoin by more countries, this enhance its mass adoption and use and can build more trust in the network.
As a result of the increase in the demand for Bitcoin around the world, how much can the price of Bitcoin reach by 2030?
2030 is a very long time from now and one cannot tell how well the bitcoin price will be at the time. It’s very likely that bitcoin will have increased in price more by that time. Maybe X2, 3, 4 or 5 by that time in comparison to its current price now. We would have had another bull run and bitcoin cycle already by then and already preparing and anticipating for another one at that time. That is a long time, no one can tell you what the price will be but can only speculate.
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I was very surprised to see the news that a small country like Bhutan holds over $780M in Bitcoin and will continue to increase in the future. It's the second country after El Salvador to officially hold Bitcoin.
let’s clarify a few things first of all unlike in el salvador, bitcoin is still not an official or legal tender in bhutan i am quite confused with what “officially hold bitcoin” means i am aware that many countries hold bitcoin but a lot of them are from seized funds from illegal activities while bhutan not only buys and holds bitcoin but they are also mining them
As a result of the increase in the demand for Bitcoin around the world, how much can the price of Bitcoin reach by 2030?
no one knows while i am optimistic that by that time bitcoin is still up and about i have really no idea about a specific amount all i am focusing right now is when will we finally hit the 100k mark
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Thank you very much for creating your best valuable topic in this moment. Because if we follow in cryptocurrency market, we can see that crypto currency market is also a little down now. Because we know that bitcoin price is also a little down. So i think that it is high time for invest or hold crypto currency in crypto market. So i believe that if you want to invest in bitcoin, i think it will be best profitable for you. Because we know that down market is very prefer for hold in cryptocurrency.
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i heard of this news before. its a wonder who could have gave their leader the advice to dive into BTC and mining. but it must be a convenient to have an investment where their government holds a BTC wallet and that this small country can stand in economic crisis while in the middle of 2 countries that are in conflict for some time about their borders. one could say they are preparing for whats to come if shit hits the fan. if this country has the military might, they could be dominating China and India.
2030 is out of the picture yet. we may need to see where the bull run this 2024 will take us first.
When mining was profitable, many people got busy with it, including me, why wouldn't the government then take up such profitable investments and buy ASICs directly from China? I think that's what they did, then they mined bitcoins, sold them with double or triple profit, and the rest they just decided to store.
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This is the first time I hear about Bhutan and it seems to be a developing middle income economy, $780 million is a small amount compared to the GDP of that country. In general I hope we see a good impact of Bitcoin for countries but its impact will be less on the country level.
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Same here, I read that news and was surprise that a small country such as Bhutan has been holding Bitcoin and they have more than El Salvador. Perhaps their government really saw the potential of Bitcoin to be a good hedge against inflation and what's not.
For those who are interested, you can see the numbers here.
(https://www.talkimg.com/images/2024/09/18/gwpVa.png)
https://platform.arkhamintelligence.com/explorer/entity/druk-holding-investments
And they are also into Bitcoin mining, so I guess Bitcoin is really very profitable not just individually, but there could be governments around the world that secretly holds ton of Bitcoin.
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The beauty of it all is the country investing interest in crypto whether it is a small or big investments. This investment venture of small country speaks of a continue world wide adoptions, awareness on cryptocurrency. I think Bitcoin is still on it's infant level, in the next 10 years, the global adoptions, awareness would have gone to the moon.
Obviously, Bitcoin Hold is a smart idea, and has the potentials for a huge returns both on short or Long term plans. Patience is the principle for Holding coins.
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Never heard of this and for me this is the best article or news I have ever read as of this post. I don't even know for so many years that Bhutan was one of those crypto friendly countries here in Asia and surprisingly they hold the most BTC that is not from authorities seizure but rather an investment so yeah good for that country hopefully we can see good news from them in the future regarding their governments investment effort in Bitcoin.
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Same here, I read that news and was surprise that a small country such as Bhutan has been holding Bitcoin and they have more than El Salvador. Perhaps their government really saw the potential of Bitcoin to be a good hedge against inflation and what's not.
I hope these countries will help, but just like El Salvador, the impact of the experiment will not be clear or lead to changing people's lives. Therefore, if it is done through sovereign wealth funds such as the Norwegian or Saudi fund, then the impact will be greater on the price of Bitcoin and on these funds, which in turn support the economies of countries.
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Never heard of this and for me this is the best article or news I have ever read as of this post. I don't even know for so many years that Bhutan was one of those crypto friendly countries here in Asia and surprisingly they hold the most BTC that is not from authorities seizure but rather an investment so yeah good for that country hopefully we can see good news from them in the future regarding their governments investment effort in Bitcoin.
We cannot know for sure how much and what they have, plus it is possible that they just have bitcoins lying around and are not working to increase fiat money capital, this is not a very good example for the country, the state should not just blindly believe in bitcoin, even though it is very popular.
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Same here, I read that news and was surprise that a small country such as Bhutan has been holding Bitcoin and they have more than El Salvador. Perhaps their government really saw the potential of Bitcoin to be a good hedge against inflation and what's not.
I hope these countries will help, but just like El Salvador, the impact of the experiment will not be clear or lead to changing people's lives. Therefore, if it is done through sovereign wealth funds such as the Norwegian or Saudi fund, then the impact will be greater on the price of Bitcoin and on these funds, which in turn support the economies of countries.
It's going to be a long game though for this countries, just like what Bukele did for El Salvador. But once the bull run has commence or at least the price will hit $100k, then they could be in the biggest profits.
However, it going to be cyclical though, and I was under the impression that they should really looking at the bigger picture and be a long term holder and so only time can tell. Maybe after this bull run or the next two we might clearly see what this "sacrifices" have been to their country and their population.
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Never heard of this and for me this is the best article or news I have ever read as of this post. I don't even know for so many years that Bhutan was one of those crypto friendly countries here in Asia and surprisingly they hold the most BTC that is not from authorities seizure but rather an investment so yeah good for that country hopefully we can see good news from them in the future regarding their governments investment effort in Bitcoin.
We cannot know for sure how much and what they have, plus it is possible that they just have bitcoins lying around and are not working to increase fiat money capital, this is not a very good example for the country, the state should not just blindly believe in bitcoin, even though it is very popular.
As far as I know it's a constitutional monarchy, so they have a king as a head of state and he has vested power. So it's hard to argue which is right or wrong with their government or head of state.
And even if they are wrong, you can't criticize the monarchy. Just ask yourself if you are also blindly investing on Bitcoin. Yeah it has been very popular and it is the prime mover and so we have seen it making us money in the last 10 years or so.
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Hmm, TBH I won't support this that governments should get involved in the mining activity, yup a pro-mining policy for the private investors is an exception as close to me in Bhutan's case it's a small country but if there's any other more populated country it is going to be the waste of energy resources which can be used in other sectors, A Bitcoin accumulation strategy is going to be more efficient rather than mining Bitcoins directly.
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The beauty of it all is the country investing interest in crypto whether it is a small or big investments. This investment venture of small country speaks of a continue world wide adoptions, awareness on cryptocurrency. I think Bitcoin is still on it's infant level, in the next 10 years, the global adoptions, awareness would have gone to the moon.
Obviously, Bitcoin Hold is a smart idea, and has the potentials for a huge returns both on short or Long term plans. Patience is the principle for Holding coins.
Yes I agree with bitcoin hodl because it is a good way to invest, we know that by holding bitcoin we will protect the value of our assets from inflation. And we can benefit from it because the price of bitcoin will be more expensive. All have been proven for the past 10 years so there is no doubt in doing so.
Hmm, TBH I won't support this that governments should get involved in the mining activity, yup a pro-mining policy for the private investors is an exception as close to me in Bhutan's case it's a small country but if there's any other more populated country it is going to be the waste of energy resources which can be used in other sectors, A Bitcoin accumulation strategy is going to be more efficient rather than mining Bitcoins directly.
I also do not agree with the government regulating mining. But maybe the government has its own policy to regulate it. Because the energy needs are quite large. If we talk about Bhutan, which is a small country, it may not have much influence, but in a large country it will have an influence. Because the energy needs of a large country are quite large and this requires the government to regulate it.
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This is very interesting news to believe that a small nation like Bhutan is stacking up to $780 million in Bitcoin. The said amount invested in Bitcoin represents nearly one-third of Bhutan's GDP(the GDP of Bhutan is $3 billion), making it one of the largest holders of Bitcoin in the world.
My thoughts are that if a small country can amass a huge amount of Bitcoin, that means they have seen the potential benefits/boost Bitcoin can bring to their economy.
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With its move to accumulate Bitcoin, this small country of Bhutan (https://en.wikipedia.org/wiki/Bhutan) must have seen the future where Bitcoin will really shoot up in value and can even be valuable and more scarce than gold. Bhutan can then add Bitcoin to its official reserve currency. While other countries are selling their seized Bitcoin, Bhutan is doing the opposite and I know that Bitcoin enthusiasts all over the world do appreciate this decision of this country to hodl and even add more Bitcoin. I am hoping Bhutan can add this fact on their tourism promotion...welcoming people to one of the Bitcoin-friendly countries in the world.
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Never heard of this and for me this is the best article or news I have ever read as of this post. I don't even know for so many years that Bhutan was one of those crypto friendly countries here in Asia and surprisingly they hold the most BTC that is not from authorities seizure but rather an investment so yeah good for that country hopefully we can see good news from them in the future regarding their governments investment effort in Bitcoin.
We cannot know for sure how much and what they have, plus it is possible that they just have bitcoins lying around and are not working to increase fiat money capital, this is not a very good example for the country, the state should not just blindly believe in bitcoin, even though it is very popular.
As far as I know it's a constitutional monarchy, so they have a king as a head of state and he has vested power. So it's hard to argue which is right or wrong with their government or head of state.
And even if they are wrong, you can't criticize the monarchy. Just ask yourself if you are also blindly investing on Bitcoin. Yeah it has been very popular and it is the prime mover and so we have seen it making us money in the last 10 years or so.
Here we can discuss whoever we want and we do it, we don’t blame anyone but we reason, I doubted that this could be, but still, if there is a monarchy then everything is clear, the king’s money = the people’s money) the king is also a person and can also simply believe in something and not take anyone into account, maybe if I were the king of some country I would probably do the same)))
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Same here, I read that news and was surprise that a small country such as Bhutan has been holding Bitcoin and they have more than El Salvador. Perhaps their government really saw the potential of Bitcoin to be a good hedge against inflation and what's not.
For those who are interested, you can see the numbers here.
(https://www.talkimg.com/images/2024/09/18/gwpVa.png)
https://platform.arkhamintelligence.com/explorer/entity/druk-holding-investments
And they are also into Bitcoin mining, so I guess Bitcoin is really very profitable not just individually, but there could be governments around the world that secretly holds ton of Bitcoin.
Yes, it's around 13 000 bitcoins. Bhutan's holdings of btc are higher compared to El Salvador, which seems to be less than 13 000 btc. El Salvador made Bitcoin legal tender earlier in their country while Bhutan didn't, right?
I just found out about this today. Then Bhutan's made it focused on sustainable development and diversification of its economy.
Source: Source: https://decrypt.co/249876/bhutan-has-even-more-bitcoin-than-el-salvador-thanks-to-its-mining-operation
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News about Bhutan investing in Bitcoin is exciting. Experts think Bitcoin's price will keep going up especially by 2030. And if you ask me do next two weeks are very important if Bitcoin will cross its ATH in next 2 weeks so I think it will keep going up and may be we will be near to the bull run season.
By the way this is really a positive move that many countries are now thinking about to buy Bitcoin like El Salvador already bought many. Trump is also thinking and now Bhutan is also diving so hope it will keep going. And Bitcoin will show its power soon.
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News about Bhutan investing in Bitcoin is exciting. Experts think Bitcoin's price will keep going up especially by 2030. And if you ask me do next two weeks are very important if Bitcoin will cross its ATH in next 2 weeks so I think it will keep going up and may be we will be near to the bull run season.
By the way this is really a positive move that many countries are now thinking about to buy Bitcoin like El Salvador already bought many. Trump is also thinking and now Bhutan is also diving so hope it will keep going. And Bitcoin will show its power soon.
Yes right the bull season has already started and I won't be surprised at all if Bitcoin price touches ATH in next two days as different countries and big holders are focusing on holding it, Bitcoin price is likely to go up a lot. Donald Trump has been described as crypto-friendly by everyone and has recently expressed a positive attitude towards Bitcoin and is expected to expand Bitcoin adoption if he returns to the White House.
(https://talkimg.com/images/2024/09/21/gNhDg.png)
https://x.com/bitcoinlfgo/status/1837405954502959273
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By the way this is really a positive move that many countries are now thinking about to buy Bitcoin like El Salvador already bought many. Trump is also thinking and now Bhutan is also diving so hope it will keep going. And Bitcoin will show its power soon.
Hmm, for sure the adoption rate is gonna get higher and higher in the coming timeline, and those who say we are late, dont know the potential of Bitcoin, maybe I'm exaggerating but still, there are strong grounds behind it as well. Countries are gonna put efforts to control the growth on a restricted level but still, the potential is unlimited, all you need is patience and this is not about the mining sectors its about market valuation and adoption rate, for mining in my view mining is something which should always remain in hands of the private sector.
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I was very surprised to see the news that a small country like Bhutan holds over $780M in Bitcoin and will continue to increase in the future. It's the second country after El Salvador to officially hold Bitcoin. I'm more optimistic about how much Bitcoin value can skyrocket against the high demand. I think bitcoin is currently in its teenage years and its value will increase exponentially due to massive demand against its limited supply.
It's crucial and fascinating how small countries that are having difficulty to grow their economy now accept Bitcoin as medium of value and a s a store value. I cannot imagine how much billion their Bitcoin investment they have bought. There was a rime many people laugh El Salvador when they bought Bitcoin at $30k but now, see profits they have made.
Some of the countries might have this intention of buying Bitcoin but because of their loyalty to big countries, if they bough and use Bitcoin, they might be sanction by even the world bank and that will jeopardize everything they have work for in the long run.
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I was very surprised to see the news that a small country like Bhutan holds over $780M in Bitcoin and will continue to increase in the future. It's the second country after El Salvador to officially hold Bitcoin. I'm more optimistic about how much Bitcoin value can skyrocket against the high demand. I think bitcoin is currently in its teenage years and its value will increase exponentially due to massive demand against its limited supply.
It's crucial and fascinating how small countries that are having difficulty to grow their economy now accept Bitcoin as medium of value and a s a store value. I cannot imagine how much billion their Bitcoin investment they have bought. There was a rime many people laugh El Salvador when they bought Bitcoin at $30k but now, see profits they have made.
Some of the countries might have this intention of buying Bitcoin but because of their loyalty to big countries, if they bough and use Bitcoin, they might be sanction by even the world bank and that will jeopardize everything they have work for in the long run.
El Salvador as the first country to legalize bitcoin as payment is a good move because buying at a cheaper price, $ 30K And now the price of bitcoin has touched $ 63K, a pretty big profit. I think other countries also have bitcoin but are not exposed, so the term behind seems to be non-existent. This is in my opinion because every government must have experts who study crypto, they understand that this technology will be more popular in the future.
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Thank you for sharing this news, this is the first time I hear that Bhutan has such a large amount of Bitcoin officially, actually it is very good news but it is not clear if there is an official adoption of Bitcoin by the government like in El Salvador or not.
Anyway, although Bhutan is a small country and its economy is small, it is one of the fastest growing economies in the world, so having Bitcoin officially will have a good impact on the market in the long run, if the governments continue to adopt Bitcoin or at least have Bitcoin officially, we will definitely see amazing increases in the long run.
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I was very surprised to see the news that a small country like Bhutan holds over $780M in Bitcoin and will continue to increase in the future. It's the second country after El Salvador to officially hold Bitcoin. I'm more optimistic about how much Bitcoin value can skyrocket against the high demand. I think bitcoin is currently in its teenage years and its value will increase exponentially due to massive demand against its limited supply.
It's crucial and fascinating how small countries that are having difficulty to grow their economy now accept Bitcoin as medium of value and a s a store value. I cannot imagine how much billion their Bitcoin investment they have bought. There was a rime many people laugh El Salvador when they bought Bitcoin at $30k but now, see profits they have made.
Some of the countries might have this intention of buying Bitcoin but because of their loyalty to big countries, if they bough and use Bitcoin, they might be sanction by even the world bank and that will jeopardize everything they have work for in the long run.
El Salvador as the first country to legalize bitcoin as payment is a good move because buying at a cheaper price, $ 30K And now the price of bitcoin has touched $ 63K, a pretty big profit. I think other countries also have bitcoin but are not exposed, so the term behind seems to be non-existent. This is in my opinion because every government must have experts who study crypto, they understand that this technology will be more popular in the future.
Agreed, it also is somewhat of a bold headd down moment in time in respect to global shifts within the economy. I believe many countries might have thought like this but probably never publicized it. That should mean, as the powers of blockchain appears and the concept of crypto becomes widespread, governments worldwide are bound to be coming up with plans on how to adapt to continuously changing environment of finances.
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I was very surprised to see the news that a small country like Bhutan holds over $780M in Bitcoin and will continue to increase in the future. It's the second country after El Salvador to officially hold Bitcoin. I'm more optimistic about how much Bitcoin value can skyrocket against the high demand. I think bitcoin is currently in its teenage years and its value will increase exponentially due to massive demand against its limited supply.
It's crucial and fascinating how small countries that are having difficulty to grow their economy now accept Bitcoin as medium of value and a s a store value. I cannot imagine how much billion their Bitcoin investment they have bought. There was a rime many people laugh El Salvador when they bought Bitcoin at $30k but now, see profits they have made.
Some of the countries might have this intention of buying Bitcoin but because of their loyalty to big countries, if they bough and use Bitcoin, they might be sanction by even the world bank and that will jeopardize everything they have work for in the long run.
El Salvador as the first country to legalize bitcoin as payment is a good move because buying at a cheaper price, $ 30K And now the price of bitcoin has touched $ 63K, a pretty big profit. I think other countries also have bitcoin but are not exposed, so the term behind seems to be non-existent. This is in my opinion because every government must have experts who study crypto, they understand that this technology will be more popular in the future.
I think yes the government should have and I know they already have that expert but the only problem here is that are they willing to embrace cryptocurrency? Here in my country we would love to hear atleast a party list that will be the voice of crypto enthusiasts but seems no one is there to initiate maybe in the future. I don't know if the Department of Finance are doing something for this but hopefully they will have something for us to hear in the future.
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Hmm, TBH I won't support this that governments should get involved in the mining activity, yup a pro-mining policy for the private investors is an exception as close to me in Bhutan's case it's a small country but if there's any other more populated country it is going to be the waste of energy resources which can be used in other sectors, A Bitcoin accumulation strategy is going to be more efficient rather than mining Bitcoins directly.
Interference by the government in mining is not always in simple terms and energy conservation should always be a priority in countries with high population density.
The policy measures being friendly and supporting mining operation backed by private sectors, leads to efficient and innovative mining operation. On the other hand, if mines are controlled by the government,the natural resource could possibly be over utilized or not utilized in the most efficient manner.
Using bitcoin accumulation can be more profitable than mining as accumulation strategies like Hodling do not require power. This approach also urges market involvement without adding to the consumption of energy.
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Of course we discuss every now and then however bitcoin helps combat inflation and yet most countries with a bigger economy still don't attempt to use bitcoin as an edge over inflation. Probably the government has their reasons based on things like centralisation. Infact it's very possible that bitcoin isn't used by a majority of these big nations simply because it is a decentralised network.
And because of that there wouldn't be more of a direct unit where the government can enforce laws that would put them under centralised control. I believe more countries like this should rise up to fight against inflation.
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I was very surprised to see the news that a small country like Bhutan holds over $780M in Bitcoin and will continue to increase in the future. It's the second country after El Salvador to officially hold Bitcoin. I'm more optimistic about how much Bitcoin value can skyrocket against the high demand. I think bitcoin is currently in its teenage years and its value will increase exponentially due to massive demand against its limited supply.
As a result of the increase in the demand for Bitcoin around the world, how much can the price of Bitcoin reach by 2030?
Although I believe BTC price will increase in an uptrend, it’s difficult for anyone to make an accurate prediction about BTC’s short-term price increase, and even if he can do that, it’s hard to convince all investors in the market. In a downtrend, investors always doubt the accuracy of bullish predictions.
El Salvador and Bhutan don’t invest all-in based on such predictions. They have long-term decisions to accumulate BTC for the national budget. I don’t know when Bhutan started buying BTC, but El Salvador has held BTC through the crypto winter and is buying 1 BTC every day.
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Of course we discuss every now and then however bitcoin helps combat inflation and yet most countries with a bigger economy still don't attempt to use bitcoin as an edge over inflation. Probably the government has their reasons based on things like centralisation. Infact it's very possible that bitcoin isn't used by a majority of these big nations simply because it is a decentralised network.
And because of that there wouldn't be more of a direct unit where the government can enforce laws that would put them under centralised control. I believe more countries like this should rise up to fight against inflation.
Yes It’s definitely crucial to create a long-term investment plan. It is very likely that chosing coins that are continuing to grow in value could bring major rewards. Becoming invested in coins such as Bitcoin, Ethereum, and others requires us to be convinced of their value and future, although the current market can fluctuate.
A planned strategy that is kept in line, particularly through several versions, can help you stay on track for results. It is often seen in investment arenas that your experiences with Ethereum mirror a common reality; not every investment will see the same success. You continue to look on the bright side concerning how things are evolving. Hopefully in time, all the work and planning you do should lead to fulfilling outcomes!
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~snip~
As a result of the increase in the demand for Bitcoin around the world, how much can the price of Bitcoin reach by 2030?
It is quite pointless to speculate about the price of BTC in 6 years, because something like that is completely in the sphere of speculation, and anyone can throw out some number and say that it is their opinion. A lot depends on the economic-geo-political situation in the world and whether the people who lead this world will find a way for peace and coexistence, instead of wars and the destruction of our planet through global warming.
What is important to note about the price of BTC (whatever it is) is that inflation should be kept in mind, because the power of fiat is weakening in most countries, and this means that 1 BTC = $100k in 2024 and 1 BTC = $200k in 2030 (for example ) can only have slightly higher purchasing power than today.
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I was very surprised to see the news that a small country like Bhutan holds over $780M in Bitcoin and will continue to increase in the future. It's the second country after El Salvador to officially hold Bitcoin. I'm more optimistic about how much Bitcoin value can skyrocket against the high demand. I think bitcoin is currently in its teenage years and its value will increase exponentially due to massive demand against its limited supply.
As a result of the increase in the demand for Bitcoin around the world, how much can the price of Bitcoin reach by 2030?
Although I believe BTC price will increase in an uptrend, it’s difficult for anyone to make an accurate prediction about BTC’s short-term price increase, and even if he can do that, it’s hard to convince all investors in the market. In a downtrend, investors always doubt the accuracy of bullish predictions.
El Salvador and Bhutan don’t invest all-in based on such predictions. They have long-term decisions to accumulate BTC for the national budget. I don’t know when Bhutan started buying BTC, but El Salvador has held BTC through the crypto winter and is buying 1 BTC every day.
No one can accurately predict the price of bitcoin for the short term, so many investors choose to hold bitcoin for the long term. Likewise, the governments of El Salvador and Bhutan, they are also likely to accumulate profits holding bitcoin for the long term. Because by holding bitcoin and buying when it is bearish or the price is still low we can get higher profits when the bullish eaosn.
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Yes, because for people who believe in Bitcoin, they must have very strong strength and reasons why they are willing to hold for a very long time. even for years, surviving all bad rumors and FUD. for the sake of the desire and hope to truly meet the real bullrun era.
And if the strategy is to hold, do it, while increasing the accumulation of Bitcoin and other top altcoins that are thought to have high potential to go up again. it's just that this does require full patience and caution.
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Not everyone agrees with this obviously, this is why we keep seeing people selling their coins. I think its clear that we are not going to see this price change all that easily and that is the hardest part. I think its clear that we are going to see this getting to a point where we could see this changing. I believe that we are going to see this getting to a point where price will increase so much that people who are selling right now will end up buying even more. That is the most important part and I believe that we are going to end up with a good return for a long time, it has to be something that takes a while but they will all get in when the hype starts.
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Yes, because for people who believe in Bitcoin, they must have very strong strength and reasons why they are willing to hold for a very long time. even for years, surviving all bad rumors and FUD. for the sake of the desire and hope to truly meet the real bullrun era.
And if the strategy is to hold, do it, while increasing the accumulation of Bitcoin and other top altcoins that are thought to have high potential to go up again. it's just that this does require full patience and caution.
Holding bitcoin for the long term requires patience and always focus and not being affected by FUD, the crypto market is always volatile and we must have long experience so as not to panic. for those who remain patient and careful to hold bitcoin for the long term, they are the winners because of their patience and consistency.
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(https://talkimg.com/images/2024/09/17/gXuIW.png)
It is interesting to know that the country didn't get their bitcoin from seizing people's bitcoin. They actually worked for it by mining it. This is wonderful and bitcoin is a spirit. While one country is banning bitcoin due to high energy consumption, another country is taking the advantage of bitcoin to accumulate.
As a result of the increase in the demand for Bitcoin around the world, how much can the price of Bitcoin reach by 2030?
Can we just focus on bitcoin and forget this projections. I have lost interest in such projections until bitcoin hits 100k.
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As a result of the increase in the demand for Bitcoin around the world, how much can the price of Bitcoin reach by 2030?
Even I just found out that Bhutan also wants to anticipate the existence of Bitcoin which according to the country may be very potential Bitcoin... its adoption is not so calculated for the size of a less popular country, maybe if the one who does it is a country with high power, such as China, the US or a big country in Europe, it will significantly change the Bitcoin market conditions to be very potential.
Can't expect much, but it's not a bad step either.. because in the end the existence of Bitcoin is really potential, that's not wrong.
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As a result of the increase in the demand for Bitcoin around the world, how much can the price of Bitcoin reach by 2030?
Even I just found out that Bhutan also wants to anticipate the existence of Bitcoin which according to the country may be very potential Bitcoin... its adoption is not so calculated for the size of a less popular country, maybe if the one who does it is a country with high power, such as China, the US or a big country in Europe, it will significantly change the Bitcoin market conditions to be very potential.
Bhutan is a very different case, I mean it's just a small country, but damn, they really know how to make a lot of electricity, or invest on hydro power in the 80's and now it's given them abundance or surplus of it and then they turned it only bitcoin mining. And if you are going to compute, every Bhutanese now can earn some part of satoshi with their huge holdings.
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Yes, because for people who believe in Bitcoin, they must have very strong strength and reasons why they are willing to hold for a very long time. even for years, surviving all bad rumors and FUD. for the sake of the desire and hope to truly meet the real bullrun era.
And if the strategy is to hold, do it, while increasing the accumulation of Bitcoin and other top altcoins that are thought to have high potential to go up again. it's just that this does require full patience and caution.
Holding bitcoin for the long term requires patience and always focus and not being affected by FUD, the crypto market is always volatile and we must have long experience so as not to panic. for those who remain patient and careful to hold bitcoin for the long term, they are the winners because of their patience and consistency.
Does really need up that patience and discipline or control on which we know that not all would really be that able or would really be that good on doing so. People would really be finding out themselves become that too impulsive on which on the time or moment that they will really be having such awareness specially on how the market is behavior or moving.
We are just humans and seeing our portfolio goes on red then it cant be that avoided for you to have such reaction and this could really be that resulting into that panic selling
on which you would really be that believing that the price might go down even further.
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As a result of the increase in the demand for Bitcoin around the world, how much can the price of Bitcoin reach by 2030?
Even I just found out that Bhutan also wants to anticipate the existence of Bitcoin which according to the country may be very potential Bitcoin... its adoption is not so calculated for the size of a less popular country, maybe if the one who does it is a country with high power, such as China, the US or a big country in Europe, it will significantly change the Bitcoin market conditions to be very potential.
Bhutan is a very different case, I mean it's just a small country, but damn, they really know how to make a lot of electricity, or invest on hydro power in the 80's and now it's given them abundance or surplus of it and then they turned it only bitcoin mining. And if you are going to compute, every Bhutanese now can earn some part of satoshi with their huge holdings.
See that inflation is increasing at an alarming rate in every country these days and if you want to achieve financial success you need alternative financial freedoms that can give you freedom against inflation. I think Bitcoin is going to be an alternative valuable asset for future generations through which an investor can increase his financial abundance.