The topic of bitcoin reaching 100000$ Is it possible?
This has been a trendy topic and everyone is eager to know that why? Among investors, analysts, and financial experts everyone have their own analysis and expectations While predicting the exact future price of Bitcoin is impossible, but normally as everything’s depends on demand and supply as we all know the supply of the bitcoin is limited so its obvious that it can break all targets so what ever amount is invested that amount should be that which person can afford to loose
Here is why it can go?
- The adoption of the bitcoin is increasing day by day as many people use to invest in the bitcoin and some of the Companies, Institutions are adopting it for making payments and for investment also and government are making some rules also for crypto.
- The bitcoin is having the limited capped supply of 21 million coins and the demand is increasing rapidly and its common if the demand increase and the supply is limited so the price can reach the higher high
- The big companies have their big investments in the bitcoin such as tesla, MicroStrategy
Factors That Could Prevent It:
- The government of the world is not able to make strict rules and regulations and strict bans are also there in some countries which help the princes to fall and it increase risk also
- The bitcoin is more volatile so its difficult to hold the rate at upper price and we can see the big decline within a day and big upwards moment also so volatility is more here
Conclusion
Every thing is possible bitcoin going to 100000$ is possible as mentioned above regarding the demand and supply of bitcoin and many people are not aware of the technologies if it get regulated by government then it will b easier for he people to invest because there are some countries who don’t allow there users to buy or sell or invest so as it can be risky also, just invest that amount if money in bitcoin which the person can afford to lose