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by jerrymiller 1994 days ago
> 50% chance of Bitcoin crash like in 2018, 50% chance of further price appreciation but I think $100,000 is absurd for a commodity that has close to zero intrinsic value

"$100 is absurd for a commodity that has close to zero intrinsic value"

"$1,000 is absurd..."

"$10,000 is absurd..."

At this point, the burden of proof is on sceptics to show why a commodity with zero "intrinsic" value trends upward despite those sceptics' predictions during the last ~10 years.