Introduction
The price of bitcoin has been on a roller coaster ride over the last few months. From its high in December 2017, when it reached $20,000 per coin, to its low point in February 2018 when it dropped below $6,000. Now that we’re finally seeing some stability in the price of bitcoin (it’s currently trading just above $8500), I want to talk about what this means for the future of cryptocurrency and whether there might be any predictions out there about how long this rally could last or what could happen next.
The bitcoin price predictions we can say with high confidence are those that come from some of the world’s leading cryptocurrency experts.
The bitcoin price predictions we can say with high confidence are those that come from some of the world’s leading cryptocurrency experts.
If you’re looking for a more comprehensive overview of what these experts have to say about where bitcoin will go next, check out our list of 10 cryptocurrency predictions for 2019.
Since then, the price has been climbing and has reached a new record high in May 2017.
Since then, the price has been climbing and has reached a new record high in May 2017. In fact, it’s up more than 1,300% since the beginning of 2013!
According to our forecasts, Bitcoin will continue to grow during 2020-2023 and reach about $100000 by 2023.
But this time, we’re not going to talk about any specific year.
We’re going to look at the potential impact of a number of factors on the price of bitcoin. It’s important to understand that we’re not going to talk about any specific year, but rather what could happen in the future.
Bitcoin is a long-term investment, not short term or day trading.
Instead, I’ll give you three different scenarios for how long this rally could last and what could happen next.
So, how long can this rally last? Well, it depends on how you look at it.
On one hand you could argue that bitcoin is a store of value like gold–it has an unlimited supply and therefore no intrinsic value. On the other hand, you could also argue that bitcoin has a finite supply and thus does have intrinsic value. Both arguments are true at different times in its history: when fewer people were buying into crypto (before 2017), there was more room for growth because there wasn’t enough demand yet; now that everyone knows about cryptocurrencies and their potential benefits over fiat money systems like USD or EURO (exchange rates), we’ve reached what seems like peak interest levels among those who might invest in BTC as part of their portfolio strategy going forward–meaning there may not be much left to do but sell off your holdings before prices start falling again!
So far so good? Good…now let’s talk about whether or not Bitcoin has been good as an investment since its inception back in 2009 until now (2023).
Bitcoin is volatile but it can be used as a store of value like gold and it has an unlimited supply
Bitcoin is a digital currency that can be used as a store of value like gold, but unlike gold, it has an unlimited supply.
Bitcoin is also volatile in nature and not considered legal tender by any country or government. However, this does not stop people from using bitcoin for online purchases and gambling purposes as well.
Conclusion
In conclusion, I think it’s safe to say that Bitcoin is here to stay. It offers an alternative way of transacting and storing value that has never existed before in human history. As long as there are people who want this type of system in place then Bitcoin will continue growing in popularity until eventually every country on Earth uses it as their main currency!
