To me bitcoin don't even look like a coin that will reach $100000 again as predicted. It has not been showing any massive pump again but there's nothing impossible in the world of cryptocurrency
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I am very optimistic that the Bitcoin will reach the six figures but the time it will reach the sets value is what is not known yet. It is definitely going to be in the future.The Bitcoin price is $19,431.26, a change of -0.69% over the past 24 hours as of 11:47 p.m. The recent price action in Bitcoin left the tokens market capitalization at $372,381,975,205.51. So far this year, Bitcoin has a change of -58.08%. Bitcoin is classified as a Currency under CoinDesks Digital Asset Classification Standard (DACS).
From the way the market trend is going i don't think it will be that possible to reach that feat,there is a lot of fluctuations on the prices of crypto for sometime and this has greatly affected its value.I also share the same opinion with you. I don't see bitcoin reaching 6 figures in the next 2 years. The price will fluctuate but it will likely not reach $100,000. However, In cryptocurrency market, nothing is impossible. But i will be surprise if the price of bitcoin should reach 6 figures in the next year.
Considering the fact that the Bitcoin was one of the best crypto coin, but I am very sure that as times goes on the Bitcoin will stands it's ground, as the rate of demand on it increases.Bitcoin is struggling to move in the upward direction presently. For bitcoin to reach 6 figures, it is going to take a lengthy years but I believe that it will reach six figures by the time all the Bitcoin is mined. At that time,.it will be very valuable.
That definitelly will take a longer time for it to happen.But one thing that i know about the issue of cryptocurency is that,the market is hugely determine by lots of factors which usually shoot or make the price to drop.Bitcoin is struggling to move in the upward direction presently. For bitcoin to reach 6 figures, it is going to take a lengthy years but I believe that it will reach six figures by the time all the Bitcoin is mined. At that time,.it will be very valuable.
I totally agree with you, this would only be possible if everything radically changes dramatically. But from the current look of things ,it is quite impossible even though anything can happen.With current situation of global financial and economic development, if is practically impossible to expect bitcoin to get to the level of six figures .
I doubt if that is ever going to happen.
The price of Bitcoin is currently going down and it has been projected by financial markets analyst for it to reach $10k by next year. We are currently bearish on Bitcoin.
Yeah,the financial markets is high unpredictable because alot of factors could affect it's price significantly.I anticipate that now it may take a lots of time for bitcoin to recover due to many reasons. One of the major reasons is the fact that bitcoin has dropped massively.
Bitcoin is increasing in price today. And it's not only bitcoin price that's increasing. Many coins arec also increasing. And people who understand it thenMaybe in the next 50 years . This is due to the fact that a lot of us are already frustrated by how cryptocurrencies have been ruined. Bitcoin doesn't have so much hope again.