Post
Topic
Board Speculation
Re: Realistic Predictions for Bitcoin?
by
minersday
on 18/04/2019, 10:48:41 UTC
.

Could it go on a massive run and spike to 20k this year? Sure, who the heck knows. But to be sustainable it would have to be supported by something, maybe if a country or two adopted it as their national currency. Something radical and unforseen. I imagine some will naysay this, but an asset currently worth almost 100 billion increasing in value by 20 times in the next decade is actually insanely optimistic. Look at stocks that started off as penny stocks, they don't keep increasing in value exponentially year after year and although btc isn't a stock, there is a limit to how valuable it can be.

Considering the current trends in the Bitcoin trading market, I don't really think Bitcoin will be able to hit  $20k this year. But the crypto ecosystem is full of surprises, there are possibilities for the market value to hit $20k during the final part of this year. One question which always bug me is that, is bitcoin really worth to be valued at $20k??