re: It’s time to revisit Bitcoin potential. Where do you think it’s going?

I see 3 cryptos in the future...

1 as a store of value, like GOLD... could be BTC, but I doubt it personally... (I love btc for the next 5 years though)

1 as a global value exchange... a SWIFT replacement and then some.. XRP TO THE MOON

1 as a venmo/tsnp style blockchain payment system...

quote:

---

But let's say for example, Amazon were to begin accepting cryptocurrency as a payment method, I would say the potential for BTC is easily $1Millon.

---

But why?

They'd immediately sell it for USD, like most of BTC "transactions".

Acceptance as a currency is no more different logically than excepting AMZN shares as payment. Why would being able to pay for things in AMZN stock drive up the price of the stock?

I get the idea of inflation over time, but $1MM in the near future seems a bit outrageous just because of it's acceptance. If anything, that would provide liquidity to a market that is mostly hodlers.