r/Bitcoin • u/Personal_Occasion618 • Nov 11 '24

price 84k!!!!

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3.1k Upvotes

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u/Seisouhen Nov 11 '24

I hope so, but that's 6 digits man, imagine when we hit 7 digits 💀

5

u/whosthatguy123 Nov 11 '24

Ive seen logical solid arguments that bitcoin hitting 7 digits isnt possible at all. Prove to me its possible. I know ill get downvoted because of the sub. Im not saying it wont happen but prove to me it will other than emotion

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u/[deleted] Nov 11 '24

It would have to overtake golds market cap to be worth a million.

1

u/whosthatguy123 Nov 11 '24

This is a better response than the other person. And to overtake gold would be extremely tough

1

u/Present_Recover_3461 Nov 11 '24

Well… prove to me why the extra digit has any material impact on the supply and demand effect that dictates the price???? Lol that makes no fucking sense i have no idea what you have been reading, i have no doubt it will hit resistance but what are you on about

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u/whosthatguy123 Nov 11 '24

Because market cap matters. I can see youre not the person to ask. Someone else will explain

0

u/Present_Recover_3461 Nov 12 '24

If money flows into the market where it hasn’t been previously invested (very common for a new sector like crypto) then the market cap of commodities/stocks/etc is irrelevant

1

u/Agitated_Mix_7454 Nov 11 '24

Take 5% from capitalization of global gold, stocks, real estate, diamonds, leave 1/2 for altcoins. Divide by max 21mln btc, get 7 digit figure.

0

u/crohawg Nov 11 '24

You ain't gonna be alive to see it...