Post
Topic
Board Speculation
Re: Bitcoin will surpass $500,000 by the end of 2018
by
breedingsuccess
on 15/12/2017, 13:47:51 UTC
This will be a fun thread to look back on by the end of 2018. I want to just log my thoughts here, so that I can come back a year & 2 weeks from now & see this post.

It's definitely possible that BTC could go to $500,000 by the end of 2018. Look at what people were saying at $1k..."I'll eat _______ if BTC goes to $10k by the end of 2017". Now we are at the end & it's nearly double that.

The thing is that only a small portion of the world's money is in BTC right now. As price continues to climb, more people go from "wtf is a bitcoin" or "It's a bubble", to "How do I buy some of that".

If price ends the year at something like $25,000, then that is only 20x for BTC to reach $500,000. I use the word only loosely, because currently in the cryptosphere you can say only 20x & people say "yeah, that's nothing".