When Bitcoin will hit 1.000.000 USD?
No one before have thought bitcoin can be 10k USD as today (when I am writing this article one bitcoin is 10879 USD exactly at Bitstamp). Many people say Bitcoin is only investment bubble and can pop whenever in near future. My humble opinion s humble different.
Price raises faster and faster
- It took 138 days when Bitcoin grows from 1000 to 2000 USD.
- 23 days from 2000 to 3000 USD
- 63 days from 3000 to 4000 USD
- 61 days from 4000 to 5000 USD
- 10 days from 5000 to 6000 USD
- 13 days from 6000 to 7000 USD
- 17 days from 7000 to 8000 USD
- 7 days from 8000 to 9000 USD
- only 2 days from 9000 to 10k USD
As you can see the price is climbing in an incredible way… Yes, in the last few days the price fluctuates around 10 000 USD. But I think it is caused Bitcoin reached expected magical value of 10k. After this happened there should be a correction with price drop but the opposite is true, today we can see 11k+ at Bitstamp and Bitcoin raises faster and faster.
Trust the people from industry
Analysts anticipate their catastrophic but also optimistic predictions. John McAfee from MGT Capital Investments (yes, it is McAfee Antivirus founder) doubled his previous hypothesis and thinks Bitcoin will be one million dollar in 2020. You can read more at MarketWatch.
When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong. pic.twitter.com/WVx3E71nyD
— John McAfee (@officialmcafee) 29. listopadu 2017
So will you buy Bitcoin today? You can multiple your investment 100x in a few years…