Re: Will Bitcoin's price surpass $100,000 by the end of 2025?

Quote from: CageMabok on June 28, 2024, 01:13:46 PM

Quote from: Uhochi on June 24, 2024, 07:20:42 AM

Bitcoin's price has been rising lately, and some experts think it will keep going up. In fact, Bloomberg Intelligence predicts Bitcoin's price could reach $100,000 by 2025.

This isn't the first time Bitcoin's price has surged - in 2021, it reached an all-time high of over $68,000.

With more people and companies investing in Bitcoin, its price could continue to rise. What do you think?

Will Bitcoin reach $100,000 by 2025?

I think this is quite possible to happen to Bitcoin if you look at the number of rich people and large companies who have started buying Bitcoin and add to that several countries which have also started to like and buy Bitcoin in large quantities. 2025 is quite a short time if we calculate it on a monthly basis, but looking at Bitcoin which is still at $61K at the end of this month, it certainly won't rule out the possibility for Bitcoin to be in the price range you mentioned next year, provided that Bitcoin could experience another price spike this year.

I think there is no way to tell if how much are those rich investors but we can only predict and may be still say that they are huge due to the many countries that supports Bitcoin currently. Even regular individuals can also be a big thing once we combined them all. We are still on the month of June and we still need the second half of the year to see the year of 2025. That is still long actually IMO.

There is no way to accurately predict Bitcoin, so I won't say that a spike in its price is guaranteed to happen this year. It's just that BTC is only highly volatile, so it's easy for the people like you to you to say those words. I'm not angry though, haha, I'm just explaining. Peace.. Wink