Post
Topic
Board Speculation
Re: Is right or wrong that bitcoin price will up to $160k in 2023?
by
South Park
on 12/03/2019, 22:48:38 UTC
When we were trading in the $200s in 2015, did you really think hitting $20K in 2017 was possible? With that attitude, I'm sure you didn't! Tongue

4 years is an eternity in crypto. Of course we could have another bubble by then. In fact I think we will.

Let's assume for a moment that $3,100 was the lowest bottom of this bear market. Then based on the 2017 bubble and the 2015 bottom, we should be talking about $400K, not $50K!
Anything is possible, when bitcoin was increasing in value I remember thinking that at best bitcoin could reach a price of 2000 and then we will see another huge crash, and then bitcoin grew to a value ten times bigger than my prediction, so while I see 160k in 2023 as unlikely we cannot really say that is not possible especially if some important developments happen in bitcoin during those years and the economy of the world crashes at the same time.