RE: Why Bitcoin Could Reach $23,000 Soon

You are viewing a single comment's thread from:

Why Bitcoin Could Reach $23,000 Soon

in bitcoin •  7 years ago 

It's so hard to say given the wider adoption of alt -coins which is going to drive BTC up due to BTC being a gateway. The gateway effect is even acting on ETH and LTC as retail investors of smaller amounts look to minimize entry fees. I would be looking at LTC and ETH as additional gateways that typically have lower fees (although Gas price is nuts on ETH atm).

Should be an interesting few weeks to see how much capital comes into the space, Looking at how the other gateways are functioning I think will shadow how-high BTC goes.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

The problem is that eventually even those get moved into Bitcoin since most altcoin trading pairs are liquid in BTC rather than ETH or LTC. So yes, we see fiat --> ETH ... but then we ultimately see ETH --> BTC in majority cases, then finally BTC --> Altcoin.

I think it is also a matter of time when ETH --> Altcoin...