BITCOIN WILL REACH 10000 . HERE IS WHAT I THINK
WHY NOT? , its completely possible . Predictions have come in ,where people have bet that the price can maybe reach above 10000 . Right now bitcoins on a roll , t and the bull run doesnt look like its gonna stop . Here are some reasons that might contribute to the 10000$ factor .
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- RAPID SEGWIT2X ADOPTION RATE
The segwit 2x adoption rate is gonna boom . Right now the rate is at 10 % . With more adoption to the update / fork thats comin in bitcoin transaction fees and adoption rate will drastically come down . It may come down by about 40% . Ledger , one of the most successful bitcoin wallet companies has estimated that even the non segwit2x enabled transactions that recieve from segwit 2x ENABLED transactions will also notice a huge decrease in transaction fee .
- JAPAN AND SOUTH KOREA ADOPTION .
Japan is rapidly adopting the bitcoin and blockchain world . The countrys FINANCIAL SERVICES AGENCY has recogined around 11 exchanges a couple of months ago . Currently the bitcoin tradr rate of around 64 % comes from japan.
- BEATING INFLATION.
With rising and hyper inflation everywhere many investments like fixed deposits , stocks arent doing very well . With depletion in resources and huge inflation the best right now to beat the time value of money is bitcoin . With more than 400% increase in prices on an average yearly its not only an insurance against inflation but also a lucrative investment .
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- THE RUSSIAN REGULATION .
Russia as we all know is looking to legalise , regulate bitcoin . With crypto ruble right around the cornerand it comes with TAXES. Its quite possible that the majority of russian bitcoin users will be in a fix due to this development . This will cause a huge no of people who want to avoid regulation to jump into bitcoin in various ways ..
For more detailed info on the russian regulation
https://www.google.co.in/amp/s/inc42.com/buzz/cryptocurrency-cryptoruble-bitcoin-ethereum/amp/
Note- these are my personal views and they are not investment advice .
Feel free to comment your views on other aspects that might get to the 10000$ factor . UPVOTE AND RESTEEM .