Fundamentals. Value. Past performance that goes back centuries rather than a few years of increasingly limp hype phases.
You can say the same about stocks any point in the past 100+ years.
No more realistic that seeing it at 50k again.
What milestones? By whom?
Like I said, trade the volatility if you want. Although you could do the same with any instrument. Long term it's a poor investment in my view.
My prediction is that crypto will continue to go through periodic hype phases, trending increasingly lacklustre as the world realises it's fundamentally providing no more value that it did years ago and people get bored of the same guff from crypto-bros and lose any confidence that the line is magically going to go up. The next shiny new tech bubble comes along and it fades into obscurity.
The S&P will outperform BTC over the next five years and beyond.
The "more likely to see 50k" type of quote has been said all the way from 1k to now. And here we are.
I'm surprised it's here. Always think it's going to run out of steam. But here it is hitting 60k. It's crashes are less dramatic than 5 years ago. Who knows where it will be in 5 years more.
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