The Blockchain technology is indeed revolutionary and Bitcoin being the front-runner and Godfather of all cryptocoins has the most possible increase in worth, but realistically it just can't reach $100,000. It's just too much.
There are only 21 million possible Bitcoins that can be mined, that is 2.1Trillion dollars if it indeed reach the hypothetical $100,000. That marketcap can be a make or break for a large company and or a countries government.
Knowing how volatile cryptos are and how price can be manipulated, large multi-national companies and government will try to control and regulate the market thereby limiting it's price to not exceed too much.
I am sure about that. Seeing at what pace the blockchain technology is evolving and how many of us turn their eyes towards Bitcoin as a valuable asset, a great store of value and a future world wide accepted currency I have no doubt about that. I can predict in how many years from now will that happen, but I ma sure Bitcoin will reach 100,000 dollars in maximum ten years from. I even think it will be worth more than that, but I am not entitled to do such predictions.
As a piece of advice. If you have the money to buy one whole Bitcoin and hod it for ten years you will be amazed of its value. That's what I am planning to do this year or by the beginning of the next one.
Honestly I don't think so.
The Blockchain technology is indeed revolutionary and Bitcoin being the front-runner and Godfather of all cryptocoins has the most possible increase in worth, but realistically it just can't reach $100,000. It's just too much.
There are only 21 million possible Bitcoins that can be mined, that is 2.1Trillion dollars if it indeed reach the hypothetical $100,000. That marketcap can be a make or break for a large company and or a countries government.
Knowing how volatile cryptos are and how price can be manipulated, large multi-national companies and government will try to control and regulate the market thereby limiting it's price to not exceed too much.
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I am sure about that. Seeing at what pace the blockchain technology is evolving and how many of us turn their eyes towards Bitcoin as a valuable asset, a great store of value and a future world wide accepted currency I have no doubt about that. I can predict in how many years from now will that happen, but I ma sure Bitcoin will reach 100,000 dollars in maximum ten years from. I even think it will be worth more than that, but I am not entitled to do such predictions.
As a piece of advice. If you have the money to buy one whole Bitcoin and hod it for ten years you will be amazed of its value. That's what I am planning to do this year or by the beginning of the next one.
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View this answer on Musing.io
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