Post
Topic
Board Bitcoin Discussion
Re: Price of #Bitcoin on Christmas
by
error08
on 25/12/2020, 23:48:28 UTC
since this looks a lot like 2016 and from 2016 to the end of 2017 price went up 1466% and if nothing changes the price should be $375,840.
but i don't think things would remain the same with the way bitcoin adoption is increasing these days so the price should start rising up a lot faster and bigger so my speculation is on reaching $500k.
Do you think the price will be 500k end of 2021?

i think there is a very strong possibility based on the performance of bitcoin in the past 10 years and the way things have a tendency to always speed up as we enter the bull market.
for example price now is rising a lot faster than it was rising 6 months ago and will get faster 6 months from now.
plus then moment we break $100k there will be a mad surge of money into bitcoin as everyone suddenly wake up one day knowing they've missed out and start panic buying.

It is verified that the bitcoin price on Christmas 2020 is $24,7k isn't it? the new ath so far.
Well, we hope bitcoin could manage to reach $25k on 25th December but apparently not the time to happen, yet it is a nice price for 2020, imagine what will it be like in 2021?
The best price I can imagine is $100k at this point, if the calculation will become the reality. Nevertheless, bitcoin needs more adoption and investors to reach that price, meanwhile let's see it go through the steps of $25k - $50k -$75k and so on.