It will get there eventually. None give us the precise date, however. Bitcoin is sleeping giant, it can always shoot up randomly. I have a feeling it’ll reach there, which for the most part already confirmed the up trend. The market is indeed cheap, hoping to accumulate over the summer.
It can hit that high if more adoptions coming from big businesses that will allow people to use this system for their daily transactions, we don't have the exact date as all of us are just hoping that it will eventually do the things that we expecting from this industry, if wide usages will take into the place for sure many things will be expected. 
Topic: Why Bitcoin price will reach $100 000 - page 4. (Read 846 times)
Well if we put basis on tge bitcoin price from year 2009 to 2019 bitcoin price really rise. Almost 88% of its price. I believe that in the near future the price of the bitcoin will really rise up high soon, but i think it is also depend on the bitcoin market or the people who really trust or used bitcoin as thier investment or asset. I see that bitcoin is already well known and popular and many people really earn on it, it is also the safest investment and it is really profitable.
I'm not sure that he will quickly reach the price, if at all. He has a rather smooth development, I think. For further development, a popularization is needed, many people still keep away from crypto and BTC; Thanks for the 2017 year
Well that's some pretty and convincing facts right up there and the safety and privacy of funds alone would surely make these business tycoons and other huge investors buy into bitcoin as an asset making its price moon. But my little worry is that would they not rather purchase from OTCs other than on exchanges which can bring about the increase in price.
This is a long call but definitely, a lot of government buying can shot it up. But not just like that. Provide still fluctuates daily . With the bull or ATH of $20,000, if bitcoin had not dropped, it may have moved up higher by half of that price. $100,000 is still a long way to go and as such a pit will have to happen before it gets to half of that. Agreed, bitcoin users and widespread acceptance is getting more and more popular.
Bitcoin prices will always change at any time and many possibilities can occur, even the price of Bitcoin can reach up to tens of thousands of dollars. his is not just a dream because when Bitcoin gets more interested, it can make Bitcoin stronger. Public trust will determine the direction of the future of bitcoin.
I think it's hard to get that number, or we'll need it for a long time. Also, we will need to accept the Bitcoin in many countries and lift the ban. I agree with you that bitcoin is the future payment currency, but that means to me that it has to be stable.
It is not possible if we all are in into crypto but somehow we can be in trouble knowing that some areas aren't in touch with crypto information and even lock up from using internet. Which could be some hindrances for its growth. The future of Bitcoin will rely on us and even not sure how long we've been seeing this technology or something possible there is new one created. If Bitcoin reaches that pretty high price, I'm afraid that nobody could risk their money for this.A few introductory remarks:
1. I’m starting this thread to demonstrate how analytical results correspond to what actually happens in the future.
2. I don’t know when Bitcoin will reach the $100 000 mark. The exact timing is impossible to predict here. Nobody knows.
3. What really matters is the resulting price/profit ratio, which is 20 to 1 at the current price of $5000 – even if BTC falls to 0 at some point along the way.
4. There are lots of reasons for why the BTC price will reach $100 000, ranging from being accepted as a means of payment to the features of the technology itself. I will cite only the main reason here.
The total amount of funds currently stored in offshore accounts is circa $20 trillion. This number will grow to $30 trillion to 10 years if nothing changes – meaning that people won’t suddenly stop embezzling money and evading taxes. At the same time, there is a tendency for a stricter control of offshore accounts, so it’s quite possible that the amount of funds there won’t reach $30 trillion.
What do people do with all that money? Trillions of dollars are just sitting there as dead weight. Their owners aren’t interesting in earning any profit – for the most part, their only objective is to keep that money. Why would they need any additional profit, anyway? Those people have enough saved for a hundred lifetimes, there’s no way they could spend it all.
So things were going great for them – until a certain point. More and more limitations are placed on offshore accounts, and more and more information about them keeps emerging. This is the worst fear of all embezzlers, tycoons, etc.
Crypto is the best answer, since it’s a way to store money in such a way that nobody will ever know about it or link it back to its owner (thanks to mixers etc.).
At the price of $5500 for 1 BTC, its market cap is about 100 billion dollars. If BTC goes up to $100 000, its market cap will reach $1.8 trillion – which is still 10 times less than the total amount stored in offshores now and 15 times less than what will be stored there in 10 years.
1. I’m starting this thread to demonstrate how analytical results correspond to what actually happens in the future.
2. I don’t know when Bitcoin will reach the $100 000 mark. The exact timing is impossible to predict here. Nobody knows.
3. What really matters is the resulting price/profit ratio, which is 20 to 1 at the current price of $5000 – even if BTC falls to 0 at some point along the way.
4. There are lots of reasons for why the BTC price will reach $100 000, ranging from being accepted as a means of payment to the features of the technology itself. I will cite only the main reason here.
The total amount of funds currently stored in offshore accounts is circa $20 trillion. This number will grow to $30 trillion to 10 years if nothing changes – meaning that people won’t suddenly stop embezzling money and evading taxes. At the same time, there is a tendency for a stricter control of offshore accounts, so it’s quite possible that the amount of funds there won’t reach $30 trillion.
What do people do with all that money? Trillions of dollars are just sitting there as dead weight. Their owners aren’t interesting in earning any profit – for the most part, their only objective is to keep that money. Why would they need any additional profit, anyway? Those people have enough saved for a hundred lifetimes, there’s no way they could spend it all.
So things were going great for them – until a certain point. More and more limitations are placed on offshore accounts, and more and more information about them keeps emerging. This is the worst fear of all embezzlers, tycoons, etc.
Crypto is the best answer, since it’s a way to store money in such a way that nobody will ever know about it or link it back to its owner (thanks to mixers etc.).
At the price of $5500 for 1 BTC, its market cap is about 100 billion dollars. If BTC goes up to $100 000, its market cap will reach $1.8 trillion – which is still 10 times less than the total amount stored in offshores now and 15 times less than what will be stored there in 10 years.
I am not really sure if this makes me happy or not. It's okay if tycoons want to store their fortune in btc because of those reasons and eventually will help btc price reach moon again but the idea that our tech using mixers will cater these embezzler or money launderers should be avoided at any cost.
I think this possibility can happen but it will probably take another five years because Bitcoin needs time to reach the price of $ 100,000. Now I will keep 1BTC and look forward to that day.
five years look so short but im not saying that is impossible . let say bitcoin will reach 7k usd today and then it will reach 10k usd the next day and so on . if the rise continues i think it wont take five years to be able to achieve 100k usd but lets face the reality .
the truth is that bitcoin is also struggling to gain a price . im not expecting a new ath for now because im already contented on what bitcoin has to offer . i can still earn some income even though its small .
I think this possibility can happen but it will probably take another five years because Bitcoin needs time to reach the price of $ 100,000. Now I will keep 1BTC and look forward to that day.
Is that math correct? 1.8 trillion cap does seem (long term) possible.
Take into account let's say 10 more years worth of mined coins, what's total coins in circulation x 100k?
Take into account let's say 10 more years worth of mined coins, what's total coins in circulation x 100k?
Government backing up Bitcoin and make it public can really boost the price high but since Bitcoin origin is unknown and it can still affect the price since people will doubt of it.
Correct. But this doesn't have to be Bitcoin. Normally I'd choose anonymous coins for this. And many did and many will do this.
the problem with anonymous coins is being anonymous! which means they are always going to be associated with criminals no matter what because of that anonymity that they are offering. and that is a big negative side that may make people think twice before choosing them.
additionally they are not as safe as bitcoin. many of these anonymous coins are not even anonymous! and they always lack popularity so their future is unclear, they may not keep their price as bitcoin does let alone have any rises.
although i agree with the rest of your comment that what OP says is not the main reason for bitcoin rise.
This is a long call but definitely, a lot of government buying can shot it up. But not just like that. Provide still fluctuates daily . With the bull or ATH of $20,000, if bitcoin had not dropped, it may have moved up higher by half of that price. $100,000 is still a long way to go and as such a pit will have to happen before it gets to half of that. Agreed, bitcoin users and widespread acceptance is getting more and more popular.
I am optimist bitcoin could raised above $100k because with this situation where bitcoin and altcoin still on lower price and how come to make bitcoin and altcoin could raised to higher price?
For bitcoin to reach $100,000, there will have to be significant institutional and/or sovereign buying. I believe the long-term trend supports that price target, but it's a matter of when and not if. We don't know how long it will be before we reach that price. Perhaps the next bull run will get us there. Another thing to look out for is a nation declaring that they will use bitcoin as either a currency or reserve.
In bitcoin everything can happen for it to reach the said price it will take time. If more demands occur on bitcoin their is movement in the market. So many things will happen in the future since bitcoin also use means of payment and ever will have more adoption this will take long and will benefit user.
When traditional financial institutions finally set their sights in Bitcoin, a 100k estimated price target seems minimal because if we compared it to Big companies stocks like Apple (AAPL), we can see it rose "43,000 percent since its IPO" as per this article - https://www.cnbc.com/2018/12/12/apple-stock-is-up-43000percent-since-its-ipo-38-years-ago.html and I see no reason why BTC cannot achieve the same feat given time and mass following.
In bitcoin everything can happen for it to reach the said price it will take time. If more demands occur on bitcoin their is movement in the market. So many things will happen in the future since bitcoin also use means of payment and ever will have more adoption this will take long and will benefit user.
Bitcoin as a means of payment is the most desire some of us the cryptocurrencies enthusiasts want and I do believe that that is going to skyrocketing its pricing upward. I think we are going to have some big investors and some countries adopting bitcoin as a mode of payment in some years to come and by then we should expect it to be above $100,000.
the bitcoin technology has started seeing massive adoption all over the world and it has been considered a worthy investment to be productive in the long run and loads of people want to acquire a large amount of it for their family and children and it is currently limited to below twenty million units and that will not be sufficient and the globe will need it in time to come and its scarcity will see it at the 100,000 price.
When it comes to bitcoin price any thing is possible but the time frame is what is unpredictable as you rightly said, I will not be surprise to see bitcoin price seating at $100,000 because if the demands increase suddenly then the price ratio must following the same formula. I am very optimistic that in no time from now that $100,000 bitcoin price will be achieved and we will even surpass it.
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