"I have no doubt that Bitcoin will cost more than $ 100,000" -
Eran Eyal, general manager of the distributed market Shopin to the question of whether Bitcoin's price will rise above $ 20,000.
Although Eran Eyal did not specify a specific time frame when Bitcoin exceeded $ 100,000, he pointed out some historical facts and related data to confirm his statement, noting that Ethereum was trading at about $ 245 in September, but is now trading at $ 957.
While top coins continue to lose value, Eran insists that the fall in prices is due to the suppression of China and South Korea by the crypto currency. The Ministry of Justice of South Korea offers a ban on trade in crypto-currencies. The Chinese government aims to censor and close all online platforms that facilitate trade. This is bad for the crypto currency industry, because South Korea is the largest crypto currency market, with the exception of the US and Japan.
Further, Eran says: "In the United States, crypto-instruments closed three times." This is in itself a sign that Bitcoin always finds a way to survive in events leading to a sharp drop in prices.
The crypto-currency market is a very young market with an upward trend. Eran is convinced that Bitcoin is not going to fail, but will stabilize and gain momentum when these harsh measures of governments cease. He explains this by the fact that governments will try to mitigate the consequences of the crypto-currency trade.
Eran calls Bitcoin a "value store", like gold. Also pointing out that Ether will be favorably distinguished. Ethereum is a platform used to create applications and other crypto-currencies. He says that the value of Ethereum depends on the use of crypto-currencies, which are built on it. The value of each coin is derived from its utility. This gives crypto currency economic value within their use sectors.
Market fluctuations do not mean a collapse
Vibrations are natural in the young industry. They are not a sign of the collapse of the market. In some ways, the future of crypto-currency is tied to the future of criticism. The prediction that Bitcoin's price will cost above $ 100,000 is an indicator of a brighter future. This upward trend should also be observed in most other alternative coins. In the near future, the suppression of crypto-currency in South Korea and China will be stopped.
Fluctuations and falling prices are just an indicator of what is happening at the moment. They do not affect the future prices of Bitcoin and Altcoins. The crypto-currency market does not collapse.
Over time, the price of crypto currency will begin to show growth upward, and Bitcoin will miss the $ 100,000 mark.
by Josiah Wilmoth