Have you been wondering when 1BTC will equal $100k?, FINALLY IT'S HERE! Read till the end!
Everyone wants to know when BTC is hitting the $100k range, but it seems no one knows. Well, this is why I am here for you all.
Here I will tell you how #bitcoin has increased its value since 2009 and how it could hit the $100k range in 5yrs time.
Bitcoin is undoubtedly the biggest crypto currency in the world, but it hasn't hit the $100k range yet.
We need to consider several factors before we draw our conclusions. What are the things that can increase BTC value?
I have seen people claim the halving of BTC every 4yrs is the main reason for it's increase. I have also seen a lot of persons claim that BTC has increased by two figures every 4yrs and they believe BTC will rise to $100k by 2025.
This is what I have to say, #BTC value increase depends on many things and I will explain some things here.
Bitcoin is recognized and accepted as a legitimate asset class by different top institutions and this adoption increased its demand.
During some economic uncertainties, investors also turn to Bitcoin as a way to preserve wealth. With the halving of Bitcoin which leads to scarcity, this could increase it's demand leading to higher value. The price is also influenced by media coverage and market sentiments.
With everything said here, if the Bitcoin community keeps this pace, then $100k will be achieved before 2027💪💯.
This is why we have to stand by #Binance and trust CZ during this #SEC lawsuit period.
Like👍, share this if you found it helpful.
Comment your thoughts on this.
Follow for more #crypto2023 tips