RE: TenX co-founder says Bitcoin could still hit $60k this year
It's hard to know what to believe these days. Just a couple of days ago, I read an article by some "expert" who insisted that regulatory pressures would eventually force the price of BTC down to $100 because governments would not "tolerate" an alternative to fiat currencies to live unregulated if it reached a volume much above 1% of the total worldwide money supply. Then you can turn around and find someone certain that BTC is headed for $500K. And the arguments on either side seem plausible...
From where I am sitting, what cryptos need more than anything else is an effort to stop being so much "theoretical money" and a little more "something you can go down to the corner and buy a magazine and a coffee with." Get "real" people at street level involved, not just a bunch of blockchainiacs.
Agreed. It really is a coin flip at this point for many reasons. Though bitcoin has the most real world use cases vs. other coins even if it is not really all that much. Regulation is the biggest risk in my opinion. As long as they don't kill it, prices will likely go up.