Although the fastest changing assets are still moving at the speed of light, the renowned financial data firm Bloomberg Intelligence has provided significant insights into why Bitcoin could reach $100,000 in about five years.
The report states:
"As the history of Bitcoin grows, the basis for further price hikes has strengthened at $10,000 in 2017. The underlying password was repaired approximately 70% from the beginning and remained at that level during the period. Longer merger
Likewise, in 2013, Bitcoin's trading price was only around $1,000. This was around 80% fixed and added to that in 2017, adding 0 after the initial $1,000.
Considering the normal expiration time around 2025, the time frame for Bitcoin to increase Bitcoin is doubled between $1,000 and $10,000.
A few days ago, it was highlighted that some of the very basics and these facts show that Bitcoin is getting cheaper.
BTC has 19 million coins in circulation and can hold as much as 21 million, which means only 2 million more will be mined.
1) Considering that around 4 million Bitcoins were permanently lost due to the death of BTC owners and their relatives unable to access the aforementioned encrypted files, we can say that at present just 15 million BTC can support more than 7 billion people. People scrambling for Bitcoin stocks, in other words, as BTC is becoming more and more scarce and popular it is just a moment before the cryptocurrency's valuation peaks.
2) As stated in the General Economic Law, when demand is strong and supply is limited, the prices of these products go up.
3) Bitcoin has set a solid support level at $10,000 and protected it several times throughout September.
From my observations, Bitcoin will reach $100,000 by 2025.