With the way Bitcoin is constantly setting new records, we are optimistic that it is going to give its investors a light year in no time. Bitcoin surged 45 percent in 4 weeks following US President Trump's election campaign. We will see coming up next year with a possible view of Bitcoin reaching $250k ATH.
Isnt that price is too high? Well weve just made a record breaking $100k a piece of bitcoin, reaching that figure would make it looks so expensive for normal users ans traders. Well its inevitably might going there but Im thinking if this will change the adoption or gonna be thought as a investment asset alone.
Reaching $250k ATH this season looks high, but nothing is impossible considering the rate at which Bitcoin price is growing. Some people never expected Bitcoin to hit the $100k mark this year. My expectation is that it will get to that price early next year. But since it has hit over $100k this year it might get to a higher price in the first quarte$250 r of next year but I am skeptical if it will get to the price OP stated. But if the race to use Bitcoin as a reserve currency intensifies among economically strong nations, $250k might be a reality.
Well I don't think $250k is possible again this year looking at how the price is moving, true people didn't expect to see Bitcoin reaching 100k this year but a lot of Bitcoin lovers were expecting the current price at which Bitcoin has attain this month but do not be carried away bitcoin may fall to 80 before the end of the year then next year but will drop to 70k before climbing back to 100k. The next dip will be another opportunity for investors to hold more since the increase in price made a lot of people to sell in order to buy again during the next dip I think we should expect the next price movement to be in a declining level.