Will Bitcoin go to $100k?
Will Bitcoin go up again to its all-time high of $20,000, or even hit six figures? It’s impossible to know for sure.
On one hand, you have sceptics who repeatedly warn that Bitcoin investors should be prepared to lose everything – and that the cryptocurrency’s value will eventually dwindle its way down to zero. On the other, there are millionaires and billionaires with crypto funds who continually maintain that big things are just around the corner – a return to $20,000, a parabolic bull run to $100,000, or dizzying new heights of $1 million. These predictions have been made for years.
Both of these scenarios are just as unlikely as the other. Proclamations that Bitcoin is a bubble just waiting to burst fail to acknowledge that the cryptocurrency has been around for more than a decade now – it has staying power. It’s also hard to say predictions of 0'>Bitcoin reaching six figures are credible. We’ve already seen estimates of BTC hitting $320,000 by 2018 fall by the wayside, and given we’re almost halfway through 2020, it’s an understatement to say that Bitcoin’s chances of hitting $1 million by December are remote.