Will we see $100,000.00 BTC this year?
I guess everyone on Steemit, let me correct that, everyone with some involvement in the crypto world has been expecting something like what has happened with the price of Bitcoin to well, happen. Bitcoin has actually been on the brink of hitting $100,000.00, around $99,600.00 USD with a market cap close to 2 Trillion USD. The overall crypto market cap is, at the moment, 3.675 Trillion USD. I have seen nobody remarking on this, but NVIDIA is the highest value company in the world with a market cap of 3.39 Trillion USD, so Crypto is now larger than the largest company. Think about that.
What has made crypto jump so high? A great question, the pump seems to coincide with the US elections, but I see no reason why the results of this election should have any such impact. Yes, a lot of US citizens invest in crypto but they are not the major driving force, this is evenly distributed across Europe and Asia with every other country heavily involved (individuals). So I don't think Mr. Trump has much to do with this. Now the world he is going to face is what has to with this price, all the turmoil going on is making people look for alternatives and I think crypto is a good one.
Will it go higher? Well, who knows that. I was actually expecting BTC to reach $150,000.00 some time this year, at the moment that does not seem likely, but I am sure it will top 100 K this month. The thing to know is if the momentum will hold, if crypto will go even higher or at least reach stability. I do not think its price will fall much from where it is, but I also think it has about reached a plateau which will be breached, but who knows when.
Ok, these are just rambling thoughts, I have no knowledge just a curiosity to try to work out how things move, and as a caution I will let you know I am nearly always wrong when I try to predict something.
Appeal to community members: