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tibanne
I wonder how much el presidente is getting from BlockStream.
tomdell
"Mow says all the numbers work out if BTC hits $1 million within five years."

So for the numbers to work out, BTC must increase in price by 1,600% - amazing plan.

sjtindell
You’re talking about an asset that you could have bought on 90% of the days in the last 10 years and made a profit. That has seen at least 50,000% or more gains in that timeframe.
bdcravens
Yes, but there's diminishing returns as the price gets higher.
sjtindell
I agree there can be sometimes. But I heard the same thing at $0.01 and $1. “It’s already gone up so much.” I heard the same at $10 and $100 and $1000 and…
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davidgerard
it also has to have any market depth at that price - you can drop the BTC price $3,000 by selling $1m worth just lately, imagine having to cash out $1b "worth" into actual money

not to mention the US miners who have a "stockpile" of $1b of BTC, apparently for every possible reason other than "actual-dollar liquidity doesn't exist to sell it without crashing the price"

writetoalok
“Past performance is no guarantee of future returns!”
1270018080
At no time since the tulip bubble has the phrase "past returns are not indicative of future performance" been more relevant.
imtringued
Ok, but if it goes up that much, why would anyone want to use it as legal tender?
[dead] bob331
Lol bitcoin and this failed state are a perfect match
hereme888
Can't help but remember how people hated on Bukele when he bought BTC in the 28-32k range...we'll see how it works out in the next 2 years.

Since large institutional investment in BTC keeps increasing, I think the project will do well.

mvindahl
Tired: Fyre Festival

Wired: Coinbros on Fire Festival