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Bitcoin hit 100000$ possible? Why or why not ?
The possibility of Bitcoin reaching $100,000 or any specific price level depends on numerous factors, including market demand, investor sentiment, macroeconomic conditions, regulatory developments, technological advancements, and overall market dynamics.
Bitcoin has experienced significant price volatility throughout its history, and it has achieved remarkable price milestones in the past. In 2020 and early 2021, Bitcoin's price reached all-time highs, surpassing $60,000. Some analysts and experts believe that Bitcoin could potentially reach $100,000 or even higher in the future, citing factors such as increased institutional adoption, growing interest from retail investors, limited supply, and potential inflation hedging properties.