Quote from: Questat on November 01, 2021, 11:43:15 PM

Quote from: TheEconomists on November 01, 2021, 09:11:01 PM

Quote from: Jessi Cayue on October 11, 2021, 12:56:58 AM

Because most of my friends believe that BTC reached 100,000 US dollars in December, so I want to discuss whether this is true Grin

Your friends believe are just based on assumption that has no base which I believe is just a mere speculation that has no back evidence to support it. Although, Bitcoin may hit another all time high before end of this year but that doesn't mean it will reach $100k before December ending of this year. Not possible.

Yes, $100k is yet too far at this time, might $70k or $80k be the most possible reach if there is another ATH this year. We can be in such optimistic and you're right, it never makes sense if there is no basis and in fact, we want realistic, not fantasy.
Anyways, we make fun of doing this, everything is unpredictable and I understand that some people have been so optimistic but bear in mind that we don't have to expect more because it will only give us frustration when we got wrong.

Bitcoin price has always been speculation so far, based on several circumstances as the basis for price forecast such as supply and demand, dominance, market sentiment, adoption, moving average so on and so forth. There are many predictions that speculate bitcoin could hit $80k-90k in this month and reach $100k by the end of the year. (read 1 and 2) so, it is possible for bitcoin to reach that milestone in this year.