Tens, hundreds of thousands of new bitcoin purchasers, traders, holders... It's a fever, across the world, making the mainstream news -and new highs- every day....
But this is NOTHING. All those 10s, hundreds of thousands of new bitcoin converts, hardly realize yet that there is going to be only 21 million bitcoins. Ever. And about 1 million have already been lost forever, so, basically, about 20 million...
What is going to happen when not hundreds of thousands, but actually hundreds of millions of people want to have bitcoin?
We ain't seen nothing yet.
Here's my prediction, for the books: $50,000+ within 5 years, probably within 3 years.
Or earlier.
Agreed. The most valuable trait of bitcoin in my opinion is the fact that there is a hard limit imposed on the amount of bitcoin that can be ever created. This is directly opposing most world governments which just print money whenever they want to inflating the monetary supply and making your dollars worth less, essentially.
Also even though bitcoin has existed for 8-9 years now, it's still quite new. People still generally have no idea what it's about or why it is necessary. Some of my friends still think that bitcoin is a company.
Your prediction might happen, considering how crazy this pump has gone so far. But imo it's unlikely as usually after a pump like the current one the market essentially goes to sleep for the next 4-5 years, and gradually decreases in price.