Bitcoin to $10,000 this year?
I was reading an article recently that predicted Bitcoin would reach $10,000 by the end of the year. While I too am optimistic what would this actually entail?
For a start the market cap would need to nearly quadruple to over £150 BILLION that means a lot of new money would have to be invested - to put a perspective on it 10 million NEW people who have never bought Bitcoin would each need to invest slightly over $13,000 to make up the rest of the market cap.
Of course this wouldn't actually have to happen, there is a lot of money in alt coins that could make its way in to Bitcoin.
The question is, is the momentum ready to pull through and take us to $10k?
Maybe by the end of 2018!
I don't see it going to 10k by end of 2017, but it's also possible. India just made Bitcoin legal so if a bunch of other countries legalize Bitcoin or do what Japan is doing and add to their PoS network then it could go beyond 10k. Also, depends on if the global economy collapses and the dollar drops it's value.
I wonder why India would ban large cash denominations to curtail the black market but then legalize bitcoin.
Are they trying to track bitcoin transactions somehow?
you got a point....
Good point, yes all up in the air at the moment :)
10k in 2018
Thanks what I think as well :)
Might be possible.