Why Bitcoin will be at least $20,000.00 in 10 Months from now
BTC has seen steady growth in trade volume and asset appreciation. BTC will hit $10,000.00 within 10 months at the current rate of growth. However, the halving is coming in May of 2020. This puts completely new dynamics on BTC's performance. The up coming halving will double the value of BTC making it at least hit the all time record of $20,000.00 in ten months.
Some analysts are mentioning figures of $100,000.00 BTC in twelve months from now. Well, that is also possible. You see, geo political events, weak economies, loss of faith in the global banks, trade imbalances, weather events, stock market derivative hick ups and more could greatly effect the price of BTC. In a matter of 90 days, BTC could go parabolic once again. The real problem that the world has not realized yet is that owning a physical BTC will not be easy. The trading volume on exchanges is fake. Real BTC and the private keys are not being exchanged. What is being exchanged are derivatives of BTC not the real coin. When the people see the need to own the real deal and not a derivative, look out.
When we see the global need to own a real BTC private key, we will see $1 Million dollar BTC. This event will most likely be within 5 years from now, 7 years at the outset. That is not long off. Shoot, in just 24 months, people will be lamenting the days of $5300.00 BTC. everywhere, people will be saying I could have, should have, bought back then when I had the chance.
image from: flickr.com
Anything is possible @jetblake, I agree.
If we look at the minimum we can see the cycle Crypto goes through. The next one will pull the world in because BTC will break at least US$50k. If we continue on the current cycles we won't reach 1mil/btc before 2030 but jea. Anything is possible ;-)
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