RATE Group | Bitcoin Long-Term Forecast: $100,000 Late March
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Bitcoin Long-Term Forecast: $100,000 Late March

31 Jan Bitcoin Long-Term Forecast: $100,000 Late March

Posted at 09:35h in Bitcoin News by

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Bitcoin Long-Term Forecast:

This article will discuss why Bitcoin (BTC) will reach $100k in the future.

Last night, I was asked to answer a question on Quora titled: “When do you think Bitcoin will reach six figures?” A large number of respondents said that it was laughable to think Bitcoin would move to six digits. Others derided cryptocurrency traders and investors as fools. There were even lazy comparisons to Bitcoin as modern-day Tulip Mania. Tulip Mania last from roughly 1633 to 1637. Bitcoin has existed over twice as long and is now an established asset class – so the comparison doesn’t hold weight anymore. To answer the question of when Bitcoin will reach six digits, we need to do some analysis.

But first…

We need to address the silliness of thinking Bitcoin will never be worth $100,000. Why? Because of history and stuff.

April 2011 – Bitcoin was a scam, it wasn’t going to be worth…

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