We have driverless cars, Bitcoin just hit $100k, and LLMs are undoubtedly taking over jobs. Hyping something that never materializes is one thing, but these are not that.
I will admit, there were a lot of people saying ridiculous things about crypto in 2021. Many of those people were very wrong, but still rewarded with bitcoin hitting 100k.
Those same people say it will hit 200k inevitably. I think all their reasoning is wrong, but yet they have been right. Curious what HN's opinons are.
> I think all their reasoning is wrong, but yet they have been right. Curious what HN's opinons are.
There's no way to predict the price. Everyone who's claiming to make a prediction is just guessing.
There are a number of influential people who are heavily invested in crypto, and so long as they have the ability to keep money funneling other people's money into it, prices will continue to increase. So I think the safest guess to make is that it prices will continue to rise for a least the next few years.
I kinda feel Bitcoin hitting $100k does not mean its success. I think it proves to fail to become a currency as intended at first, and instead it becomes a gambling target and political tools for billionaires. That's far from the original purpose.
