Hi, I appreciate that this may be a bit of a silly question but is there any sort of loose consensus on what people are predicting bitcoins to be worth as the years go by? If not would people care to share their thoughts on what they believe will happen to the price in 2021, 22, 23, 25, 30?
I'm asking because I've seen a lot of predictions suggesting that it might hit $100,000 some time this decade and was hoping to try to gauge how realistic people think these sort of predictions might be?
Thanks
Reaching 100,000$ is not gonna be easy if we are observing the movement of the market these days. The ATH is just around 20,000$ and it is just 20% of the 100k$, getting an x5 of the ATH for sure is a lot of work.
People usually go for a high price prediction but the market is just so unpredictable and at any time something could also occur affecting the market price of bitcoin.
I think the best thing to do is just continue to invest in bitcoin as we could always expect the market price to pump in the future or buy and sell your bitcoin where you could earn a profit it doesn't really matter what are the predictions since most of it is high market price prediction.