Why #Bitcoin is heading for $1 million
It is down to one simple word, "RESERVE"
There are so many people out there that are calling a target price for Bitcoin at: $8,000, $10,000, $20,000, $50,000, $100,000, $500,000......
These guys that have been able to set a target price for #Bitcoin are way, way, way smarter than me, as I have NO TARGET..!!
My starting figure for a target price for #Bitcoin is $1,000,000.
The ones that are attempting to set a target price are doing so without actually fully understanding what they are setting it against.
Earlier on I posted a comment that prompted me to share it and write this Blog.
People think I am crazy
People think I am crazy when I say #Bitcoin will hit +$1 million, but those that think I am crazy probably still believe in the crappy fractional reserve Banking System that we have.
Banks simply cannot print #Bitcoin like they can with the crappy fractional reserve Fiat System and the ones who are attempting to set a target price for #Bitcoin are missing one critical word and that word is "RESERVE"..!!
It is this simply word "RESERVE" that people really need to get their heads around.
For the ones who missed the comment I posted earlier, here it is....
It won't be long before the average home will cost 1 #Bitcoin..!! People think I am totally crazy when I say this but for sure we will see it. Just think about that, 16 million homes with sellers ready to sell their homes and only willing to accept #Bitcoin..!! ..and that's just homes, what about cars, boats, yachts, land, wines, gold, silver..... the list is endless..!! What people fail to understand is that Banks cannot print #Bitcoin like they can with the crappy fractional reserve Fiat System...!! It is simply down to the word RESERVE that people really need to get their heads around. Wake me up when we hit $1 million..!! Stephen
Measuring the value of #Bitcoin with a bunch of bananas
Recently I published a video where I tried to explain this.
With the help of a bunch of bananas hopefully you will get a better understanding of why #Bitcoin will continue to rise to +$1 million.
For the ones who missed it, here is the link....
How to measure the value of Bitcoin with a bunch of bananas and why it is heading to a +$1,000,000.
Thanks again for reading/watching.
Stephen
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