Carolina
Tue Jul 16 2024
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6 answers
1776
Is $10 million per bitcoin a 'conservative estimate'?
With the meteoric rise in cryptocurrency values in recent years, especially that of Bitcoin, one cannot help but ponder: is the valuation of $10 million per bitcoin truly a 'conservative estimate'? Given the volatile nature of the market and the unpredictable patterns of investor sentiment, it begs the question - are we overlooking certain fundamental factors that could drive the price even higher? Or, are we perhaps overestimating the long-term sustainability of such high valuations? This query seeks to unpack the notion of 'conservatism' in financial projections and explore the validity of such an assumption for a digital asset like Bitcoin.
