Post
Topic
Board Speculation
Re: Bitcoin $500,000 by 2020
by
Kriptex
on 27/11/2017, 14:03:49 UTC

Nah that's insane! Even $100k in 3 years would an outstanding performance.
On the other hand we've never seen something like that before and high price levels may be possible, at least for a short amount of time. I expect definitely a 6-12 months bear phase within the next 3 years. So no price rise, just retracing and consolidation during that period, whatever the top of the actual run will be. Therefore $500k is very unlikely to happen imo. But this price level is possible! Just not in that very short timeframe of 3 years.

Insane is the best word describing bitcoin. Didn't you see bitcoin was $850 in march 2017 and it became $10,000 in november 2017?

This is almost 12x growth in only 8 months. Do you think bitcoin can't make other surprises in the future? It will make for sure.