Bitcoin is about to get a lot more expensive than it is today,
So is it possible to see Bitcoin price hovering around 100k each by next year and why?
It all depends upon how the market will decide according to the investments coming in, there is a lot of manipulation in the market and we all know that and since majority of the countries have no regulation regarding this, these sort of things will happen and we might see a bull run over $100k in the next few years,
There is a possibility basing on the history of price movement of bitcoin, it the early stage bitcoin was around $0.008$0.08 based on my research and if you will compare that price now, that means a huge increase that people never imagine in the early stage.
one word, always believe and don't doubt bitcoin's future.
but I think it's too big to reach that target and it's very fast, even though I know bitcoin can achieve it quickly but this must be supported by good news and support from the popes. My speculation in 2020 is that at least Bitcoin was able to penetrate the year 2017, after which it arrived at which point.
but the main question you have to ask is, will the market stay above $100k for a long period of time or will it be a bubble ?.
We can think of that later, after bitcoin achieved $100K.
I think for this if it's really achieved bitcoin will drop like last 2017, if $ 100k is reached at least bitcoin will drop to $ 20k / $ 30k. The market is always fluctuating, there are times when bitcoin will stay at $ 100k, just waiting for a few more stages...