Can Bitcoin Go to $500,000? It's More Likely Than You Think.
Bitcoin's (CRYPTO: BTC) price now sits at about $95,500. Could it be physically possible for the price to go all the way to $500,000?Yes, it's possible. And yes, on a long enough timescale, it probably will happen, and you could own it during that run-up if you wanted to. Here's why this huge gain is more probable than not.Understanding why it's realistic for Bitcoin's price to increase tremendously during the coming years requires understanding a key component of economics, as well as one of the peculiarities of the coin itself.Continue reading
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Bitcoin's (CRYPTO: BTC) price now sits at about $95,500. Could it be physically possible for the price to go all the way to $500,000?
Yes, it's possible. And yes, on a long enough timescale, it probably will happen, and you could own it during that run-up if you wanted to. Here's why this huge gain is more probable than not.
Understanding why it's realistic for Bitcoin's price to increase tremendously during the coming years requires understanding a key component of economics, as well as one of the peculiarities of the coin itself.