Will Bitcoin be worth $1 million in 2030? – Finance
The late Michel Audiard said, “cons dare anything, that’s how we know them.” This sentence came to mind when I discovered the statement of Kathy Wood, one of my colleagues at Bloomberg financial news agency.
Although the price of Bitcoin and other cryptocurrencies fell for several months or even longer after the collapse of FTX, the second cryptocurrency exchange platform, Cathy Wood, who is now considered the high priest of crypto on Wall Street, is not dissuaded. He doesn’t ask for forgiveness, he doesn’t apologize for his crazy optimism.
No, not at all, he asks for Bitcoin again, he doesn’t get it even though it’s in free fall. He just predicted that Bitcoin will be worth a million dollars by 2030. Yes, you heard right, you are not dreaming, 7 to one million dollars!
As for the current challenges, our crypto guru Cathy Wood opines: “We have to face crises and see who survives first. Also testing infrastructure and theses. Still, we think Bitcoin will do well.”
I translate these hallucinogenic words into everyday French: “Yes, dear readers, I believe in these currencies that don’t exist yet. As for the poor girl or poor guy who believed my earlier predictions and lost money because of it, it turned out too bad for him, that’s Darwin’s fault, not mine. ”
Thanks Cathy for this lesson about money! The drama in this story is that many crypto-asset enthusiasts will believe in this lady and cling to their dreams, even if they become nightmares. This is a strange attitude, a kind of denial of reality. American psychology and management professor Philip Tetlock explains why: “We need to believe that we live in a predictable and controllable world, so we turn to seemingly expert people who promise to fulfill this need. ”
He adds: “The illusion of mastery is more attractive than the reality of uncertainty. So we cling to stories that make us believe we are in control“.
In fact, money is primarily about psychology, according to author Morgan Housel The Psychology of Money. “Far from wandering around confused in the dark, we try to make sense of the world around us based on what we know. It would be very difficult to wake up in the morning without it.“.
It is this remarkable author that I encourage you to read, who gives us the key to not losing money in the stock market or in the cryptocurrency world. The key is to learn to stop the inflation of desires. I read to you an excerpt from this remarkable and award-winning book by the Anglo-Saxon press: “If your expectations increase as your results increase, there’s no point in trying to do better and better. You’ll still end up feeling dissatisfied after putting in the extra effort. There’s a danger when you have a taste for ‘more’—more money, more power, more prestige—increasing your satisfaction. instead, it increases your ambitions, which means that when you take one step forward, your hopes double.“
Basically, this author is right, and as he writes: happiness is reality, minus expectations!
Although the price of Bitcoin and other cryptocurrencies fell for several months or even longer after the collapse of FTX, the second cryptocurrency exchange platform, Cathy Wood, who is now considered the high priest of crypto on Wall Street, is not dissuaded. He doesn’t ask for forgiveness, he doesn’t apologize for his crazy optimism. No, not at all, he asks for Bitcoin again, he doesn’t get it even though it’s in free fall. He just predicted that Bitcoin will be worth a million dollars by 2030. Yes, you heard right, you are not dreaming, 7 to one million dollars! Regarding the current challenges, our cryptocurrency guru Kathy Wood thinks: “We have to face crises, first of all we need to see who survives. And we need to test the infrastructure and theses. We once again believe that Bitcoin. I translate these hallucinogenic words into fluent French: ” Yes, dear readers, I trust these currencies that don’t exist yet. Poor girl or poor guy who believed my previous predictions and lost money because of it. bad for her, it’s Darwin’s fault, not mine.” Thank you Kathy for this lesson about money! The drama in this story is that many crypto-asset enthusiasts will believe in this lady and cling to their dreams even if they become a nightmare. It’s a strange attitude, It’s a kind of denial of reality. American psychology and management professor Philip Tetlock explains why: “We need to believe that we live in a predictable and controllable world, so we turn to seemingly expert people who promise to satisfy this need.” He adds, “The illusion of mastery is more attractive than the reality of uncertainty. So we cling to narratives that convince us we’re in control.” As Morgan Housel, author of The Psychology of Money, writes, money is actually about psychology. “Far from wandering around in confusion in the dark, we try to understand the world around us based on what we know. Without it, it would be very difficult to get up in the morning.” It is this remarkable author that I encourage you to read, who gives us the key to not losing money in the stock market or in the world of cryptocurrencies. The key is to learn to stop the inflation of desires. I read you an excerpt from this remarkable and award-winning book by Anglo-Saxon Press: “If your expectations rise as fast as your results, there’s no point in always trying to do better. After the effort, you’ll still be dissatisfied. More money, more power, There is a danger in tasting more prestige that it increases your ambitions instead of increasing your satisfaction. It means that when you take one step forward, it raises your expectations. Two steps forward.” Basically, this author is right, and as he himself wrote: happiness is reality, except for expectations!
