0 sats \ 0 replies \ @021da48107 18 Jul 2023 \ on: If Bitcoin’s price would go up to $500k in 2 years. Would you sell? bitcoin
This really depends on how the rest of my assets do. Most likely I would sell some BTC and re-balance. "Don't keep you eggs in one basket" type of deal.
Another factor is if more businesses would be accepting Bitcoin. I don't agree that just because the price continues to rise means more businesses will begin to accept Bitcoin. However if more businesses accepted Bitcoin I would probably hold more of my net worth in Bitcoin.
Also I think focusing on the Price of BTC compared to USD is kind of harmful to the Bitcoin world. This thinking aligns with the rest of the cryptocurrency world, which is mostly a "get rich quick" type of mindset. At the end of the day Bitcoin has a lot of features that make it better money than all other monies, and it has the ability to increase freedom, and that is really what should matter.