Today I have seen the news 📰 that Bitcoin will hit 🎯 the one million dollar Mark at least hundred time on the last twelve months. When you think about it,it's looks crazy 😧.

The price of Bitcoin in last year (January 2020) was $7476 and now at a time of writing (August 2021) is $47869. You will comparisate how much the value of Bitcoin increse in just 20 month.It mean seven hundred time it's value increse. And it's value going to one million dollar in next 4 or 5 years later! IAM saying right or not 🚫!

When I saw this news IAM thinking 🤔 is it possible or not? Could a Bitcoin will really hit million dollar or it's just a prediction.

IAM not saying it will happen because iam not a financial advisor,IAM just telling you that what people think🤔!

Supply is limited:

Bitcoin is not traditional or like paper money who print more and more every year but the supply of Bitcoin is limited. BTC circulating supply is approximate 21 million dollars and nearly 8 billion people are in the world 🌎. And also to add more in this circulating supply about 7 million dollar lost by owner in a different way. It mean who have just 14 million dollar now at a time in a circulation.

And because of this limiting supply , Bitcoin is a rare asset now a days also in future. It's a human cycology that when the anything demand is high then the people want to buy. And what happened when the demand is high than the supply? Automatically it's price up.

Kyle Tropey from finance publication #The motley fool laid out a potential path for million dollar Bitcoin in his article in the same topic he said:

"Although there are currently 6.25 new Bitcoin issued by miner's roughly every ten minutes,the total supply will be capped at 21 million. This means one billion Bitcoin price would equate to a total supply valuation of 21$ trillion(once all coin have mined, ignoring the million of coin's that have likely been lost forever).

Popularity is increasing 🌎:

In 2009 it's popularity is nothing but with the passage of time now you know it's popularity is touching moon 🌝. When it start everyone laughing on it. Earlier banks and hedge funds laughing at BTC and many times or often labelling it a scam. And now those banks and many countries offering to it their clients as of their portfolio.

Crypto is very popular now a days and king of crypto is Bitcoin and also the mind of more and more investors.

Seana smith recently shared a hot movement of 2021 in his breakdown from Yahoo finance.

"Earlier in 2021,Tesla invested $1.5 billion in Bitcoin,while Morgan Stanley and Golden Sachs plan to offer clients offer to crypto. JP Morgan is also reportedly looking at its own product in partnership with NYDIG.

Crypto is gaining momentum in the payment space as well,with Mastercard, PayPal and visa increasing crypto exposure over the past several months"

In worldwide crypto adoption is increasing with the passage of time.

Conclusion:

Like you iam also praying that crypto value increse but no one what happened next. It's all just my thinking and view what I seen on news 🗞️, Twitter etc. Just like you iam also a human and who know what's going to happen in this crazy thing we call life.

First always listen your research and then follow instead of listening other because no one know here what happened in the crypto next. All the article based on my thoughts not on reality.

If you like my article then like and subscribe me and if you have any questions related to it then use comments section.

Other articles:

• Evolution on noise.cash:

https://read.cash/@Physicst/evolution-on-noisecash-05234671

• Uses and abuses of Smart phones 📲

https://read.cash/@Physicst/uses-and-abuses-of-smart-phones-cd6a6720

• Is it bad to show off wealth 🤑

https://read.cash/@Physicst/is-it-bad-to-show-off-wealth-a0c4dc12