Post
Topic
Board Speculation
Re: Bitcoin $318K by December 2021
by
South Park
on 18/11/2020, 22:04:55 UTC
I know that some people believe BTC can achieve much more than we have seen till this far. Just in 1 month the BTC went from somewhere around $11K to +$16K today.

CitiBank Managing Director believes BTC can touch $318K by December 2021. What do you think? Is this really possible?

Read article:
CitiBank Managing Director Says Bitcoin (BTC) Can Touch $318K By December 2021

I find that prediction to be impossible, a price that high could be possible if we waited for decades and maybe if the dollar went through a period of very high inflation, to me that is not out of the realm of possibility, however when you put such a huge limitation when it comes the time for bitcoin to reach that goal that is what makes it impossible, you need to understand that in order for bitcoin to reach that price people need to be willing to pay that much money for bitcoin and who is going to be crazy enough to pay more than 300k dollars at that time for something that one year before was below 20k dollars?