People say that Bitcoin will rise to $50,000 by the early 2020s.
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People say that Bitcoin will rise to $50,000 by the early 2020s. What are your thoughts?
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41 ANSWERS
Zac Sand
Zac Sand
Answered Aug 8
$50,000 is ridiculously conservative.
With interest rates at near 0% worldwide and even negative in Sweden (-0.50) and Switzerland (-0.75) leaving one's money in the bank doesn't even cover inflation.
The pension funds are left with high risk investments that haven't been successful and are generally losing money.
The only alternative is investing in inflation proof assets like Picasso paintings, gold, etc.
The world trade war continues with every country trying to drive exports by devaluing their own currency.
Outside of banking cartels, Bitcoin already is the World Reserve Currency along with diamonds and Picasso paintings…
As world trade war continues, with every country driving exports by devaluing their own currency, Bitcoin will continue to be the World Reserve currency.
One million USD per Bitcoin is a lot more likely.
I think only time will tell.
but one thing is for sure, govements will try like hell to get a slice of that Bitcoin pie, with either regulations or tax on ownership and transaction.