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Saw that prediction from Lyn Alden. If people grab Bitcoin now at 71000, it might just outperform gold in the next few years. What do you think?
A Posts: 352 · Reputation: 479
Not convinced. Predictions like that can be unreliable. Seems more about flashy headlines than real insight, tbh.
N Posts: 85 · Reputation: 119
Isn’t she just chasing attention? Many folks hyping bitcoin just wanna be in the spotlight. Price is super unpredictable.
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I actually side with her. If Bitcoin is around 70000, hitting 210k isn’t impossible. Gold just doesn’t have the same potential for growth.
Da Posts: 375 · Reputation: 185
If gold can almost double in a year, imagine Bitcoin with its volatility. If we hit that $45k bottom, a 5x could mean 225k. Sounds plausible to me.
M Posts: 44 · Reputation: 589
Looking back, Bitcoin did outpace gold in 2017. Sure, it took years to do it again, but that doesn’t mean it can’t happen soon!
R Posts: 65 · Reputation: 15
Lyn’s predicting three years from now. That’s kind of a gamble since Bitcoin is so speculative. Both can rise or fall at the same time, as we've seen.
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Fixed that for you.
1 Posts: 30 · Reputation: 2302
Gold is up 80% in a year, while Bitcoin dropped 25%. That's a major difference. The last top for Bitcoin was awful, so I wonder if it can even catch up.
C Posts: 29 · Reputation: 1248
#10 Dec 28, 2023, 11:31 PM Lyn's spot-on about the current fear in Bitcoin vs gold's greed. When the market swings back, Bitcoin might just catch fire again.
Ca Posts: 554 · Reputation: 784
#11 Dec 29, 2023, 11:29 PM In terms of annual returns, Bitcoin’s volatility is a double-edged sword. Current bearish sentiment isn't the best backdrop for comparisons.
L Posts: 16 · Reputation: 228
#12 Dec 30, 2023, 12:14 AM I believe by 2029, Bitcoin could very well top gold in total market cap. Buying now and holding until then feels like a solid bet.
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#13 Dec 30, 2023, 11:38 PM Yeah, if you bought gold last year, you’re better off now. But buying Bitcoin during its downturn offers bigger rewards in the long run.
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#14 Dec 31, 2023, 12:05 AM Totally agree. Bitcoin’s market cap is climbing, which could mean lower volatility in the future. Can’t see gold matching Bitcoin’s potential.
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#15 Dec 31, 2023, 03:32 AM Lyn Alden’s prediction sounds good, but is it really based on solid data? We’ve seen her kind of talk before.
W Posts: 174 · Reputation: 19
Sure, gold’s outperformed lately, but comparing the two is tricky. They have different market cycles and conditions.
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There are tons of factors influencing prices like institutional interest and geopolitical tensions. It’s hard to say what’s next.
0x Posts: 135 · Reputation: 33
I thought Bitcoin already outperformed gold historically? At least in terms of ROI, it has. But what does she mean by outperforming in the future?
Al Posts: 228 · Reputation: 236
I’m with you on preferring Bitcoin, but it’s not a sure thing. Recent cycles show diminishing returns, so caution is needed.
A Posts: 352 · Reputation: 479
This dude just threw in some unnecessary drama. If an economist identifies as female, just respect that.