Is that a realistic price target? If so, what to do to get the price up to 2,000%?
Ronnie Moas predicts Bitcoin's price could reach $ 50,000 in the next ten years. He also believes that the price will reach $ 5,000 in 2018 later. His last statement may be more realistic than the first. While it is proven that BTC has a lot of upward potential. It all depends on what happens to the global economy.
Read also: Bitcoin Price Up: Italian Bank Sending Alarm Signals to Europe
Bitcoin stock limitations certainly need to be taken into account. Fewer coins will be generated each day when the next two blocks are divided into force. The total supply has also been limited to 21 million only. It is impossible that 22 million people will have a complete BTC. There will be tough competition in this case, which may raise the price. Then again, this will only happen if people value enough Bitcoin.
Adoption / application of crypto is now experiencing rapid increase. This alone will not push the price to $ 50,000. There will be ups and downs along the way. Then again, a target of $ 50,000 might not be too realistic in the long run. Much can happen in the next ten years. It is also necessary to consider some combination of financial decay, proper regulation, and global demand for alternative solutions. We all want to see what happens, but no one can predict the future.
