Post
Topic
Board Speculation
Merits 1 from 1 user
Re: will the btc price reach 100k ?
by
Zaguru12
on 04/01/2024, 13:58:59 UTC
⭐ Merited by apogio (1)
I am terrible at speculations, but in my opinion the $100k per Bitcoin is not far away. If bitcoin succeeds in becoming the largest value-storage asset, then we can expect it to be around 10 trillion dollars which will essentially mean that 1 BTC will be equal to approximately $470k. To me, this is a more realistic target for bitcoin. But of course, nothing is guarranteed. All I am saying is, the $100k point is significant, but it is not far away, in my opinion.

I also see it as something that is not far because of some factors around it, first is that fact if the spot ETF gets approved then I see the hype around it creating a very strong and large FOMO and many will hop in most especially big investors and we go easily beat the current all time high even before the real bull run begins after halving. The other effects are the fact that US elections are November and a change of government could actually cause a market pump if the coming government pretends to be in support of bitcoin or cryptocurrency at large( I don’t know just my speculation), also the investors of bonds and stocks are looking seemingly for other options since they are in bearish period and over bought respectively, so I see them coming towards bitcoin as a safe haven. All this put together might see us reaching the $100k Mark before the end of 2025 first quarter.