Bitcoin’s $100K Probability – Speculation or Economic Theory Backed?

Stemming from the confined venue of speculation and economic theory, there is much to address regarding the probability of whether Bitcoin will ever reach $100,000.

To bring light upon the query in motion, we’ll analyze long-standing economic theories versus economist’s doubts while taking under due consideration deeply-rooted market variables, projections, and global acceptance that are all bound to distill a change in the value of Bitcoin in one way or another.

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With these truths in mind, let’s begin.

What Crypto Enthusiasts Project

Cryptocurrency enthusiasts have long poised the likelihood of Bitcoin reaching $100,000.

Evidence of this can be noted from high-profile individuals such as Anthony Pompliano, Co-Founder and Partner of Morgan Creek Digital.

“…I still think Bitcoin will hit $100,000 by end of December 2021. Fixed supply. Increasing demand. Time will tell.”

 Charles Hoskinson, Ethereum…