In my eyes a 5 digit number is just not gonna happen its way too much for the bitcoin and it cannot even simply rise to the 1k these days.
Maybe in about 10 years this is possible and even than its the question if it can.
5 digits will not happen in the next two years. But with the help of more adoptions and devleopments, it could happen in 5 to 10 years.
More adoptions and developments will just lead for an increase of bitcoin usage as a currency.
If that is the case, bitcoin price will not that go for a surge even for many years as coins will now be on a regular circulation in the world of currency.
Not exactly, more usage=more users=new users=more bitcoin purchases= more expensive bitcoin. More adoption is exactly what we want to push price higher.
Plus, we need more people to know about bitcoin it is the only way to evolve and grow.
That is true. The more people use the bitcoin, the higher the price it will be. That is the network effect.
I think the $10000 price could be achieved in 3 to 7 years when the bitcoin user number reaches 2 to 5 million.
such price will be reached definitely way faster as a lot of people will be buying their coins pretty soon as more and more people come to bitcoin, i would predict such price in 2 years
This can happen, but I am not counting on it... ever. Sure potential is great, but come on on 10k. At this moment the distance is to far and yes time will maek it up.
But never to 10k. At least i don't believe it.
For that to happen we need wealthy people to take a position into Bitcoin as investment, and as store of wealth. Only then we may have a chance to go higher than $2000-$3000 levels. And then I'm not even talking about prices of $10,000 and higher. That's not part of the story yet. First $1000, then $2000, then $3000, and so on. After that we'll see what will happen.
That's true, one step at a time fellas don't be too excited as we will totally reach that level in due time. That will happen in the future if we will continue to support bitcoin as we are one of the supporters who will make bitcoin a success.