Hi,
Can all of you bitcoin and market gurus please explain for a dumb kid like me WHY bitcoin will and can be worth 1000-3000 USD (some say $10000 to $1MIL which I find weird?!).
One reason I think I've understood is that once all the bitcoins are mined and bitcoins goes global... we can kinda set the price. Is this correct?
Please list every reason and explain it like it's for a 10 yr old. I often see "BITCOIN WILL REACH THE PRICE XXXX USD" but never a reason why.
My heart says I should hold on to all of my bitcoins but my paranoid brain says "No. Plenty of crashes before that."
Thanks in advance.
I think there's no way to know if the price will reach 1000 above as my speculation the price will rise a little bit when halving is done..
If you read some thread that the price will rise above 1000 they are just thinking that the value of bitcoin will reach high above 1000 but they are not giving the best proof... honestly we don't if it will happen you can make your own decision and didn't push anyone to hold bitcoin until halving ends..