Investment tycoon Tim Draper and now as well Brian Kelly both predict Bitcoin to reach $250,000 USD by 2022. A number that might appear to be huge at first but would only request a similar, actually slightly slower growth than we've seen within the last 2 years.
Institutional money has entered the space already and it seems like more is still to come as the world realizes the potential of cryptocurrency. That's why it simply seems impossible to me that we won't see the space grow further over the next few years.
For that to happen we have to see an increase in actual use cases though and as well the number of transactions, which more or less indicate the overall adoption of Bitcoin. I mean after all it's meant to be a currency and not just a speculative asset that's not used for anything after all.
Anyways in the short run it seems like the bottom was in already and we're walking back towards old All Time Highs around $20,000 USD. At least the crypto hedge fund Pantera Capital thinks the same as well.
Let's See What Happens! ;)
(Source - Cointelegraph.com)
A Crypto Startup Revolutionizing Steem! |
|---|