Bitcoin $10,000 USD Possibility or Not?
In a recent article published by CNBC information was presented exploring the possibility of 10,000 USD bitcoin. In this article I will explore the resesarch presented further.
The price of bitcoin could be heading to over $10,000, nearly half of respondents to a CNBC survey said.
Just over a third agreed with JPMorgan Chase CEO Jamie Dimon who said "you'll pay the price" for investing in bitcoin
Sixteen percent of the 23,118 people who voted said bitcoin will hit between $6,000 and $8,000
Based on these survey results I guess its time to start loading the bags with bitcoin. I've heard the number $6800 thrown around quite a bit as a target.
Forty-nine percent of the 23,118 people who voted said above $10,000. Similar calls have been made by market participants. Former hedge fund manager Michael Novogratz told CNBC in a recent interview that he sees bitcoin heading to $10,000 in the next six to 10 months.
One option that people could also vote for was: "Jamie Dimon is correct, you'll pay the price for buying." JPMorgan Chase CEO Dimon has been critical of bitcoin, calling it a "fraud" and said "if you're stupid enough to buy it, you'll pay the price for it one day." Just over a third (35 percent) of people sided with Dimon.
Bitcoin has often been labeled a people's currency and has even been described as 'digital gold.' More logically is understood that Bitcoin is a digital asset which derives its value from use, belief and its finite nature. Furthermore the way its created costs money (electricity) giving it additional value. Something of value can't really come from nothing now can it?
What are your thoughts about where Bitcoin is headed? Which camp will be correct? Do you think there is any merit to Dimon's claims?
Lets get a discussion going!
Thanks for reading!
Source:
Bitcoin is heading to $10,000, CNBC survey says - CNBC
First of all, JPM has it's own agenda...to me it looks like they just wanted to put pressure on the price...and just maybe, buy at a cheeper price...
I'm prettye sure that bitcoin will reach 10.000$ but i'm not sure about the timeframe...maybe it's a bit optimistic.. I personally think that 6-8000$ will be reachable within 6-10 months! It takes time to go mainstream, and there will be a lot of ups and downs on the way..
If there is not some cathastrophic law on cryto in some big country i see BTC touching the 10.000$ mark in less than a year.
Remember that China will probably re open a lot of exchanges, with investors from there returning.
i think they are scared of cryptos and by trying kill bitcoin the others will fall since bitcoin is the king of cryptos, but it seem it fell flat on their face, cryptos are the future of moneyand their is nothing the banks can do and that scares them
Trying to beat BTC with arguments isn't going to work.
I mean BTC isn't even the best coin anymore(Technology wise).
The reason why BTC works so well is because it's slowly becoming a 'trusted' currency. Where the tech doesn't really matter as long as it's safe from hackers.
Of course they are scared of bitcoin, beacuse it can take them to the ground, completely crush the way they are doing business today!! Eventually the are gonna have to get in on it, one way or the other!
Most of the time, all that is offered is chart analysis which leaves me skeptical. Which is why, I am doing a longer-term study on my own to perform real fundamental analysis of the future of the Bitcoin. Here is my first entry on that series: https://steemit.com/bitcoin/@tylr/valuing-the-bitcoin-part-1-international-trade
Congrats you see them. :) nice post.. you living your life to the fullest. i want to see more of your post. done following
their has been a lot of talk about bitcoin going to 10000 by th end of theyear, i say its possible with the much interest been seen in the market after the resistance was broken and it went above 5000, more outlets are begining to take bitcoins and the public is starting to accept it, the demand is about to go up and that will lead to price surge
Interesting article
Thank you
Great job.thanks for share.
10 000 is a big possibility yes bitcoin has never let us down. Think about it from the very beginning it when it was in infancy many said that it wont go anywhere today its the one coin with the biggest market cap not to mention the value. It keeps silencing the naysayers and even those that think they can manipulate the markets are always left read faced. Bitcoin is truly the future and when our paper money fall guess who will be around to look at you. To Bitcoin the irreplaceable
Great! Fantastic
Nice post, very informative
their has been a lot of talk about bitcoin going to 10000 by th end of theyear, i say its possible with the much interest been seen in the market after the resistance was broken and it went above 5000, more outlets are begining to take bitcoins and the public is starting to accept it, the demand is about to go up and that will lead to price surge
To the moon!!
I think we are past mars nowadays.