In 5 years time, I think people are going to look back and realise how big of an opportunity this was.
For the first time in human history, we have something that is truly scarce, digital, borderless, easily transferable, and cannot be controlled or manipulated by any single entity.
Short term price movements do not change what Bitcoin actually represents. Opportunities like this don't come around often.
Well, you have taken a period of five years to calculate the potential value or profit of Bitcoin. I have a question for you in reverse in your opinion, how many times can Bitcoin increase from its current price in the next five years?
If we look at the previous cycles, I personally do not think that Bitcoin will reach $200,000 in the next five years. Maybe it can go up to $150k. Now note one thing, if it goes from $70,000 to $150k, then that is also roughly a two-fold return.
If I talk about my country, if you keep money in the bank here, you usually get a profit of 9% to 11.5% per year. If you look at it that way, your capital can also roughly double in about 6-7 years.
So if we look at this calculation, I do not see a big difference between investing in Bitcoin and fiat currency. Of course, this is only applicable to my country. I do not know what the interest rates are in other countries.
I think that if Bitcoin does not increase at least 3-4 times from this position, then it is difficult to call it a very attractive profit. But this also depends entirely on time. Because the calculation I gave, in five years you get almost two times. Again, if you take a time like 15 years, it may be 4-5 times. So I think that when judging the potential profit of Bitcoin, it is equally important not only to look at how many times it has increased, but also how long that return is being received.