Ninjastic
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Board Speculation
Re: Future bitcoin price is high and low
by
Viscore
on 20/10/2021, 21:38:15 UTC
Quote from: Weng simok on Today at 05:56:07 AM
Quote from: lizarder on October 19, 2021, 05:57:47 PM
Quote from: TheEconomists on October 18, 2021, 10:43:59 AM
Bitcoin value will continue to go higher in the years to come because in every year there are new people adopting Bitcoin and crypto currency generally and that will make the demand curve higher than the supply curve which simply means price will keep on going higher as years go.

when demand increases, the price of bitcoin will automatically rise by itself, so in the years to come the development of bitcoin will continue to be in demand, basically bitcoin is an investment that people expect, it's just that people are constrained by the purchase price, so making bitcoin is an upper middle class investment , and this condition is a scientific pattern that society continues to practice, when demand increases, bitcoin adoption is increasingly valuable.

The price of bitcoin in my view will be higher in the future and I've read several tweets and information circulating in recent days that bitcoin continues to be in demand by institutional investors who used to invest in gold ETFs now switch to BTC. btc looks better and the market is getting busier.
With fiat continue to lose value because of its inflation, then its not surprising that people and big institutional investors will find another option that will give them profits instead and that is bitcoin. I know even if the price is already high, it will get even higher in the following years as its massive adoption has already started that comes with more demand in the market. And the more its demand, the more valuable bitcoin becomes. Although bitcoin will certainly experience price drops when there is market crash or price correction, it will always recover after that.