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2017 has actually been a flourishing year for lots of cryptocurrencies– and Bitcoin is the craziest one. The cryptocurrency hit a record high this year at above $10,000, bringing a lot of surprises to Bitcoin enthusiasts, prediction gurus, investors, and cynics too. But where does the cryptocurrency go after 2017? Do you think it'll reach to $100,000 Per Bitcoin? Lets dig more into this article.
$100,000 Per Bitcoin Truth or Nah?
Anticipating the future in any field is hard. And in the bitcoin and cryptocurrency community, it is even harder to predict what will happen the next day. In 2017 alone, Bitcoin has encountered a plethora of forecasters and predictors, each who gave their view on the rate of Bitcoin at the end of the year and beyond. While a lot of them missed the point (they underestimated the cryptocurrency), others just did unknown what they were in fact speaking about.
Bitcoin is still young, it's growing so fast into our society, and it will be with us for decades to come. Will these forecasts be anything to go by?
It looks like the data indicate the best instructions. Let's see what Bitcoin has for us in the next 3 years. Can it hit $100,000 Per Bitcoin?
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THE $100,000 PER BITCOIN MARK WILL BE REALIZED
It was $1, then $1,000, and now above $10,000. The escalating of the price of Bitcoin is disruptive, and 2017 has seen an insane gratitude of the digital currency. The deal volumes of Bitcoin to USD each day has actually increased more than 100 times given that the beginning of 2017, and the trend isn't stopping anytime soon, informing the world that the cryptocurrency is going to hit record highs in the coming next 3 years and beyond. Will it make it to $100,000 Per Bitcoin?
When John McAfee predicted that Bitcoin prices will strike $5,000 at the end of 2017, he was promoted as being over-ambitious and predictive. But his $5,000 mark was gone beyond by 50 percent. Appears he himself undervalued the digital coin. Ronnie Moas from Standpoint Research had initially predicted that Bitcoin's rate in 2018 will reach $11,000. However upon observation of the marketplace and where the cryptocurrency is going, this forecast has been moved to $14,000. $100,000 Per Bitcoin is a bold prediction.
A lot of other forecasters and investment moguls have also included their voices to the Bitcoin prices in the future. Tom Lee from FundStrat, who is another Bitcoin forecaster, sees the Bitcoin rate at $11,500 by mid-2018, declaring that many gold buyers might move from gold to Bitcoin in the coming years, but $100,000 Per Bitcoin. Then there's Mike Novogratz, the Bitcoin bull who is producing a $500 million cryptocurrency fund by the name of Galaxy. While lecturing at the Consensus Conference that was arranged by CoinDesk in November this year, Novogratz said cryptocurrencies are the “most significant bubble of our life times” and pegged Bitcoin at $40,000 in 2018.
If the previous predictions that couldn't even stay up to date with the real cost of Bitcoin today are to pass, then the $100,000 per Bitcoin mark is not a dream however could be a truth that will look us in the face. Let's see how long it takes to hit $100,000 Per Bitcoin.
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DECENTRALIZED, UNTRACEABLE EXCHANGES WILL RULE– AND BITCOIN WILL THRIVE
Picturing a society where properties are traded digitally is a revolution that is not just concerning alter the method the world moves digital goods and services however will see cryptocurrencies like Bitcoin being used to impact an exchange. Though research in this field is still in the early stages, it will enable the trading of digital assets, which will make sure that deals are untraceable so regarding secure a participant's privacy. This will help drive the price $100,000 Per Bitcoin.
Next-generation digital exchange platforms are all over. As the largest and most popular cryptocurrency, Bitcoin's use in impacting an asset exchange in between parties will be tremendous in guaranteeing the wide adoption of the cryptocurrency, which will then see Bitcoin skyrocket even greater into the future, and possibly even help it reach $100,000 Per Bitcoin. An ideal example is a public exchange between Litecoin and Bitcoin which took place some weeks back. The $100,000 per bitcoin mark will simply be a drive away.
POLICIES WILL GET FAVORABLE
Bitcoin guideline is getting beneficial as more nations, institutes, and organizations are adopting the cryptocurrency for different purposes. The future of the Bitcoin exchange got the Commodities and Futures Trading Commission's support and with the current infrastructure base of the cryptocurrency still not fully established, one can only picture how Bitcoin will end up being useful when its facilities is fully functional and is embraced by countries around the world. Will this help push it to $100,000 Per Bitcoin?
Hope we can see $100,000 per bitcoin soon!
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