Someone ask me on Quora: How much will 1 Bitcoin be worth in 5 years?
My Reply: Given the fact that Bitcoin needs wide spread adoption, the minimum value of Bitcoin in five years time will be at $100, 000.00 in the least. This are my reasons:
- The last bull run nearly push the price of Bitcoin to $20, 000.00
- The fact that more people will learn more about Bitcoin most especially the millennial generation.
- The traditional institution by then would have invested in it pumping the price to the moon.
- Solutions to scalability problem.
- The lost in value and trust in state owned currency i.e. National Currency
These are what I could think of right now that will drive the price up. It could worth more than that.
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