Post
Topic
Board Speculation
Re: Can Bitcoin Cost $ 25,000 by 2021?
by
The Pharmacist
on 28/01/2020, 15:53:18 UTC
Bitcoin prices are going up and down these days.
You mean, like pretty much since the inception of bitcoin?
He probably means lately, as in the last couple of weeks--because before that bitcoin was stuck in one of its trading ranges that it tends to stall out in from time to time, but I understood your point completely.  Those stall-outs are just periods of stability in what is otherwise a very volatile asset.

If you're giving bitcoin until 2021 to hit $25k, I would say it's certainly possible and perhaps even desirable.  If it was to hit that level in a couple months from now, the market might be in danger of a crash.  But if bitcoin saw slow gains instead of major spikes, it would probably be sustainable.  It took 10 years for bitcoin to comfortably be able to hold a price in the $8000s with seemingly no danger of crashing.  That's the way I see it anyway.  When bitcoin goes crazy to the upside, there's always been a heavy correction that follows.

In any case, even if $25k isn't reached within a year I'd be more than happy if it got to $10k-15k in that same time frame.