Many participants of Cryptocurrency market who could read chart predict that the price of bitcoin will reach 100,000 dollar before the end of the year. What is your opinion? Are u positive or negative to this opinion?
Everyone of us is entitled to our own opinion, speculation, prediction, and analysis of the price of Bitcoin at the end of this year. But it is one thing to speculate or predict, and quite another to simply wish or imagine out of pure whim. It is clear for me that $100,000 is too much to ask for. It is simply beyond logic that Bitcoin will make a giant leap from a few thousand to a hundred thousand US Dollar in just a matter of 6 months.
We may be entitled to our opinion quite alright, but some opinion is just absurd. I am not sure where the OP must have read of such prediction, but as far as I am concerned, those kinds of predictions are not the type any sane person will be coming up with.
Market do not just start hitting new ATHs like that after a strong correction and I simply find it amusing to see that people certainly just like deceiving themselves in cases like this and expecting the impossible when the possibility right now is to even go the other way. I hope he finds what he is looking for.