Re: Bitcoin could reach $100,000 in 2020: Ross Ulbricht

Quote from: sovie on December 13, 2019, 04:06:21 PM

Quote from: Harrydose on December 13, 2019, 06:22:49 AM

Ross Ulbricht, the originator of the dark web marketplace Silk Road, has anticipated that Bitcoin could reach $100,000 in 2020.

Ross Ulbricht is an American convict who created and ran the darknet marketplace Silk Road from 2011 to his capture in 2013. In February 2015, he was indicted for tax evasion, PC hacking, selling in bogus personality reports, and endeavoring to exchange drugs by means of the web.

Source: TheCoinRepublic

And what if it didn't reach $ 100,000? When bitcoin was at its peak in 2017, I remember predictions that it will reach $ 50000 towards mid of 2018. But it ends up at the price of $ 3100 in December 2018. There is no indicator that can give us a hint about the future price of bitcoin. Everyone just buy bitcoin and HODL.

Precisely, there's no assurance whether it will happen or not though maybe it can influence but to the point that it will drag the value to that level . it will be needed a very huge amount of investment to lift to that high, the close price might be the same as last time high or maybe up to $25k much realistic
to reach that value and hopefully will gain a strong barrier.