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Will Bitcoin ever reach $50,000?

Oct 21, 2017 Posted /  5277 Views

Will Bitcoin ever reach $50,000?

The cryptocurrencies are the new found love for the investors, thus causing the prices to skyrocket. The adoption of digital currencies is at their highest point. Amongst all of them, Bitcoin is surpassing every of its altcoin, thus have reached $6,000. We all have been regularly speculating the Bitcoin prices time and again. And, it is no shock for anyone to accept that this cryptocurrency is going with a rocket speed, in terms of prices as well as adoption, creating a buzz every hour. While some call it a bubble, some call it the future of the monetary system.
While Bitcoin is still running in four-digit price, many people speculate it to reach in the five-digit slot some time soon. But is the speculation realistic?

A bleak prophecy
While every bitcoin holder will want the price to surpass every possible mark, so that it adds more benefits in their kitty, and the recent changes in the prices have made their hearts more hopeful. The everyday hike in the bitcoin prices has proved the people its resiliency and power. But, yet there is a lot more stored for Bitcoin. The most recent date price prediction for bitcoin is $50,000. However, this cannot happen instantly. It might take bitcoin some ten years to reach that mark. If the price reaches around $10,000 soon, then it will be a signal for us that it can reach $50,000 very soon. Ronnie Moas, who for the past thirteen years has made more than 900 stock recommendations through his one-man show at Standpoint Research has ventured into cryptocurrencies and predicts that bitcoin will reach $25,000 to $50,000 in ten years. While it is true that correct to say that bitcoin has the potential to uprise, but bitcoin alone won't make the mark $50,000 though.

Will it, won't it?
The issue with bitcoin is that only a few coins are generated every day and only are being circulated in the market. Given that the total supply is of $21 Million, it is not possible that every person will own one whole Bitcoin. This can lead to a competition and demand in the market, will provoke for a rise in the bitcoin prices.In the upcoming years, several things can happen. It will take an amalgamation of proper regulation as well as global demand for the substitutional solutions to get there. We all are waiting for the revolution to happen plus want to see it happen, but it is difficult to predict the future.

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