The likelihood of bitcoin prices falling to $100 is greater than that of the digital currency trading at $100,000 a decade from now, Harvard University professor and economist Kenneth Rogoff said on Tuesday.
The likelihood of bitcoin falling to $100 was greater than that of the digital currency rising to $100,000 a decade from now, Harvard economist Kenneth Rogoff said.
Regulation would be a trigger for the move lower in prices, Rogoff said, although he acknowledged that it would not be an overnight development.
Read more at https://www.cnbc.com/amp/2018/03/05/bitcoin-more-likely-to-be-100-than-100000-in-10-years-kenneth-rogoff.html
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!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
I agree its more plausible but with 21 mil total bitcoins(counting the lost ones and those yet to be mined) the market cap at $100k/BTC would only be $2,100,000,000,000 ($2.1 trillion) Gold's market cap is about $7.8 trillion, so a $100k bitcoin is definitely not out of the question. Thiugh as you said neither is a $100 Bitcoin. Just food for thought. Steem on friend.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Appreciate that. Thanks for commenting.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit