Quote from: Febo on July 16, 2020, 04:30:30 PM

Quote from: Kelvinid on July 14, 2020, 05:04:50 PM

Quote from: blockman on July 14, 2020, 04:38:11 PM

Quote from: Febo on July 14, 2020, 03:40:14 PM

It is possible that Bitcoin price reach $250k, but it will soon after that drop under $100k. Also I would speculate that more possible time frame is 24 months and not 12-18.

The same pattern as it did with its past all time highs. $250k is such a huge amount to think of and IIRC, there's one famous crypto guy that has predicted this, Tim Draper.
(https://cointelegraph.com/news/tim-draper-doubles-down-on-his-250k-btc-prediction)

2017 Bullrun had made this person become famous as he perfectly projected it but I don't think he gonna be right again this time. $250k is really high and never in mind to think we can reach it, ...

$250k per Bitcoin is not high or a lot or impossible. What is not that likely is that it will happen in next 12-18 months. Another thing that is sure is also that price will soon after reaching peak fall down to sub $100k.

None can assure about the price of bitcoin. Everything is based on the past time growth as well as the good news happening around the globe relative to the cryptocurrency market. Over the next 12-18 months there will be higher and higher level of demand for cryptocurrencies and particularly bitcoin. Upon the same there'll be growth. At the same time reach $250k or above value isn't easy in the mentioned 12-18months time.