Will Bitcoin cost more than 20000 USD? Asic Miner News
Bitcoin has had a meticulous year, no doubt about it. At its current prices of $7300, many investors feel like the chance to profit from Bitcoin has passed. It’s fairly normal to feel that way given that at its current valuations, the price is a bit high. But if you missed the chance to buy Bitcoin when it wasgoed below $1000, don’t worry because it is still early days. Bitcoin could rise even further. Some experts even believe that Bitcoin could go spil high spil $100k ter the next two decades. If you don’t believe it, let’s look at Four reasons why Bitcoin could shoot above $20k within the next few years.
Four reasons why Bitcoin could shoot above $20,000 te a few years
Bitcoin supply is capped
One of the fundamental laws of economics is the law of request and supply. When the request for a commodity is higher than its supply, prices rise. Now waterput this ter the setting of Bitcoin. Bitcoin has a capped supply of 21 million coins. Spil Bitcoin’s request rises against this immobilized supply, its prices will proceed to rise. This is one of the reasons why Bitcoin will be proceed to rise and klapper even crazier valuations than the ones it is trading at presently.
There is no valuation criteria
If you have everzwijn invested ter stocks, then you know that a company can be overpriced or underpriced either based on earnings, or its assets. Thesis factors do not apply to Bitcoin. Te fact, its current value is based on nothing but a perception of value. There is a likelihood that Bitcoin will proceed to rail this perception and grow. That’s because, inherent weaknesses ter fiat currencies are making people lose confidence te fiat currency spil a store of value. Now imagine how much it will be worth, once a sizeable portion of the world population develop the perception that Bitcoin is a better store of value than fiat currency. Its prices could even shoot to a $ 1 million.
There is no limit spil to how far bitcoin can go.
Bitcoin is the global currency of the 21
For some time now, economists have bot looking for a global currency that is more ter tune with the needs of 21st century global finance. Bitcoin is shaping up spil the currency that could take that role te the long run. Take for example countries like Zimbabwe and Venezuela where local currencies have collapsed. Bitcoin has taken overheen the role of asset transfer spil well spil value determinant ter thesis nations. If this trend proceeds spil it most likely will, Bitcoin’s value will grow, and this could shove it to prices that you may not imagine today.
It cannot be cornered by a few industry players
It is no secret that bankers are some of the most hated people te the world. They are viewed spil greedy and responsible for many of the financial woes facing the world. That’s because bankers have gamed the fiat currency system, and can manipulate it spil they please. Bitcoin does not have this weakness. It is so decentralized that it would be unlikely for anyone to control it. This opzicht of bitcoin is part of what has endeared it to many te the world. Spil more people get into Bitcoin based on this opzicht of it, its request will grow, pushing its price to $20,000 and beyond. There is no limit spil to how far bitcoin can go.