With the rise of Bitcoin and the seemingly invincible run it's been on is there anything that can stop it from becoming mainstream? Even last week when it looked like it was heading down in value, it's bounced right back and is pushing for higher highs than ever.
BTCC CEO Bobby Lee predicted Bitcoin reaching a value of $5-$11,000 by 2020. After this latest spike, the lofty claim isn’t entirely unreasonable. With blockchain technology rapidly moving beyond the
payments processing sector into other industries, the value of
cryptocurrencies as technology will continue to rise. More exciting
reveals are on their way as cryptocurrencies firmly establish
themselves as part of mainstream technology.
https://www.cryptocoinsnews.com/the-surge-continues-btc-eth-reach-new-heights/
Bitcoin has a limited supply of 21 million which is expected to be
reached by the year 2040. In 10 years, the analyst thinks that there
will be 17 million bitcoin in circulation, up from the current 16.3
million figure.If the potential 17 million of bitcoins in supply is divided by the
$1.75 trillion market cap estimate, then each bitcoin would be worth
just over $100,000.
http://www.cnbc.com/2017/05/31/bitcoin-price-forecast-hit-100000-in-10-years.html
Wences Casares, CEO of bitcoin wallet Xapo and member of PayPal’s
board of directors has made a compelling forecast on bitcoin’s value
over the next decade.“Put 1% of your net worth in Bitcoin and forget about it for 10 years”
Casares added, baiting new investors to adopt the cryptocurrency.His speech also included a prediction for the cryptocurrency, where
one bitcoin would hit $1 million before the next ten years.https://www.cryptocoinsnews.com/bitcoin-will-hit-1-million-5-10-years-says-paypal-director/
Aurelien Menant, CEO of Gatecoin, said bitcoin could hit $6,000 by
year’s end, amending his earlier $3,000 forecast this year.
https://www.cryptocoinsnews.com/analyst-predicts-bitcoin-price-correction-at-2800-followed-by-continued-gains/
All I can say is get in now. I do believe that owning at least 1 Bitcoin is the best thing you can do for your future. Even if you just buy 1 and forget about it. I don't think anyone will be sorry. I plan to keep consistently plugging away at buying Bitcoin while buying others as well.
I feel like Bitcoin is one of those things people will be kicking themselves for not getting in on in 5-10 years from now. Just like how I feel for not getting into it earlier.