This year? impossible, 55k is just way too much, do you remember the bull run from last year where the price reached 20k? well, we would need to see a much larger bull run and that just means problems. Just imagine the FOMO wave that such a massive increase would create around Bitcoin, all that excitement and greed will be be followed by a correction of biblical proportions and widespread pessimism/negativity will take over the market, that's something I'd rather not see.
I'd say 55k is a long-term goal, i'm talking about 3-4 years until we that price.
I'd say 55k is a long-term goal, i'm talking about 3-4 years until we that price.
And what would a 20k suggestion warrant had it been proposed this time last year?
Anything can and will happen. What we've witnessed is the power of network effect and it should not be underestimated. 1 person getting involved in 2013 is now probably 20-100 people and every day that passes means more eventual onboarding.
I don't know if it'll be this year, but there will be a point where telephone numbers become real presuming BTC survives and it'll seem normal to the new arrivals. It's a straightforward consequence of more people chasing the same number of coins.
I only hope that exchanges have more of their shit together by that point because what's around now is still a long, long way from cutting it.
