Post
Topic
Board Speculation
Re: How to make Bitcoin reach $400k
by
Youghoor
on 29/01/2021, 22:20:35 UTC
I think if companies convert 10% of thier cash to Bitcoin it will cause rise making it to reach $430k !


The market value of Bitcoin can only rise when there is high demand of Bitcoin in the financial ecosystem. This will affect the demand and supply curve thereby affecting the market value of Bitcoin. If companies convert 10% of their income into Bitcoin, once the financial ecosystem do not find the use of Bitcoin necessary, there will be no rise in the market price of Bitcoin.