Quote from: piebeyb on November 09, 2019, 08:09:06 AM

What makes you doubt, you see this old grandfather John McAfee said BITCOIN will touch 1 million dollars by the end of 2020, do you not believe him like most people https://twitter.com/officialmcafee/status/935900326007328768

100k is a price that can possibly be reached. It's just that Bitcoin needs time to develop and can happen in the next 5 years, but I analyze the price of 100k bitcoin will be easy to reach in the next 2 years, don't believe that because I'm only speculating Wink

Agree. Bitcoin needs time in order to become heavily adopted by the mainstream world. With adoption, comes demand resulting in higher prices over the long term. I believe that price movement has been slow during the year, due to lack of interest among people worldwide. Something big and exciting needs to happen in order for Bitcoin to skyrocket in price like never before. The time frame of 5 years from now could be more than enough for Bitcoin to reach the specified goal of $100k per coin. With the next halving underway, as well as, the Lightning Network, Bitcoin could experience a greater level of demand within the mainstream world. People will realize the true benefits of Bitcoin with improved transaction speed, and cheaper fees. Then, Bitcoin will used as a currency more thoroughly resulting in higher demand over time.

Despite the many predictions made by people about Bitcoin's price in the future, it has been a solid cryptocurrency that has a proven track record of stability and reliability. It's not about the price in terms of USD, but rather its usefulness for decentralizing our economy as we know it. For the first time in history, people are able to conduct transactions worldwide without the need for middleman. This gives individuals over their own money. I believe that's more important than watching Bitcoin prices everyday with the hopes of getting rich from it.

Nonetheless, it's no secret that the crypto industry advances at a fast pace within a short amount of time. 5 years could be a lot for Bitcoin to improve and expand within areas that were never imagined. If 2017 was Bitcoin's best year yet, then expect the following years to be even better. Before you know it, Bitcoin will get past its latest ATH of over $20k per coin, leaving you with more money than you've initially invested. All in all, $100k per Bitcoin seems more realistic nowadays than $1m. Just my thoughts Grin