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[SCAMEXPOSER]

Mike McGlone is a senior strategist and analyst in Bloomberg, he told Kitco News on Thursday that he doesn't see anything that will stop bitcoin from appreciating, he stated the value of bitcoin has been increasing by adding of zero. Like from $1 to $10 to $100 to $1000 to $10,000 so obviously it continue to consolidate till it reaches $100,000.
He stated that signs of maturity of bitcoin include more adoption, moderate volatility and continuous increase in trading volume.
This maturity is what gives it potential to trade more like gold .

 

[microunit]

well yeah, if there will be more demand for bitcoin over time of course its value will also increase over time especially as it has a fixed number of supply

 

[Niftyicon]

All the signs of maturity he stated such as more adoption, moderate volatility and increased trading volume are all in play now. So we can only see bitcoin appreciating over time.

 

[microunit]

All the signs of maturity he stated such as more adoption, moderate volatility and increased trading volume are all in play now. So we can only see bitcoin appreciating over time.

yep, and also to add that bitcoin only has limited supply so it is inevetable that it will become scarcer and scarcer unless its developers decided to add more to its supply

 

[Niftyicon]

yep, and also to add that bitcoin only has limited supply so it is inevetable that it will become scarcer and scarcer unless its developers decided to add more to its supply

I agree! The limited supply of bitcoin is part of what boosts its price many times when it becomes scarce in the market for whatever reasons. We see coins with unlimited supply struggle to change in price over long periods.

 

[Wisdom01]

Yeah nothing can stop the price from increasing ,there might be some little infulence but the coin will surely reach its landmark as the demand increases

 

[Brain]

Mike McGlone is a senior strategist and analyst in Bloomberg, he told Kitco News on Thursday that he doesn't see anything that will stop bitcoin from appreciating, he stated the value of bitcoin has been increasing by adding of zero. Like from $1 to $10 to $100 to $1000 to $10,000 so obviously it continue to consolidate till it reaches $100,000.
He stated that signs of maturity of bitcoin include more adoption, moderate volatility and continuous increase in trading volume.
This maturity is what gives it potential to trade more like gold .

I also think same too. Nothing in my own opinion will stop bitcoin from Appreciating. The Maturity factors pointed out here point to the fact that it's for real.

 

[Josemendez]

Mike McGlone is a senior strategist and analyst in Bloomberg, he told Kitco News on Thursday that he doesn't see anything that will stop bitcoin from appreciating, he stated the value of bitcoin has been increasing by adding of zero. Like from $1 to $10 to $100 to $1000 to $10,000 so obviously it continue to consolidate till it reaches $100,000.
He stated that signs of maturity of bitcoin include more adoption, moderate volatility and continuous increase in trading volume.
This maturity is what gives it potential to trade more like gold .

Reaching 100,000 is not something that won't happen but it is not going to come by easily . We just have to wait as it rises gradually the 20,000 is the price that we are waiting for now

 

[Brain]

Reaching 100,000 is not something that won't happen but it is not going to come by easily . We just have to wait as it rises gradually the 20,000 is the price that we are waiting for now

Some of these quoted figures might take years to actually happened but for bitcoin appreciating almost all the time this will be really possible but not as predicted

 

[SCAMEXPOSER]

Some of these quoted figures might take years to actually happened but for bitcoin appreciating almost all the time this will be really possible but not as predicted

100,000 is something realistic if the success recorded by Bitcoin investment continue to increase because it deflamatry in nature.

 

[Brain]

100,000 is something realistic if the success recorded by Bitcoin investment continue to increase because it deflamatry in nature.

Well, if you say so, but it might still take a long while if we want to be realistic. Bitcoin investment will increase not with the high rate of awareness created daily

 

[Josemendez]

Well, if you say so, but it might still take a long while if we want to be realistic. Bitcoin investment will increase not with the high rate of awareness created daily

I think I agree with you on this . Consider how Bitcoin has been struggling to cross $19k resistance for up to two weeks now . Imagine them how long it might take to reach 100,000

 

[Brain]

I think I agree with you on this . Consider how Bitcoin has been struggling to cross $19k resistance for up to two weeks now . Imagine them how long it might take to reach 100,000

This has been my sentiments exactly, it might take few years for this to happen. I see all these prediction of it happening soon as mere speculations.

 

[sagefave]

If the increase in the price of Bitcoin keeps adding one zero like he said then what's to stop the increase at $100,000 why not $1,000,000 or even $10,000,000 people just keep predicting Bitcoin prices like they can see the future

 

[Josemendez]

If the increase in the price of Bitcoin keeps adding one zero like he said then what's to stop the increase at $100,000 why not $1,000,000 or even $10,000,000 people just keep predicting Bitcoin prices like they can see the future

Well , the trend of Bitcoin has never been observed to be adding zero. Infact the highest observed so far is $500 to $1000 rise in price. $100,000 price won't be easy at aill .

 

[Niftyicon]

I think I agree with you on this . Consider how Bitcoin has been struggling to cross $19k resistance for up to two weeks now . Imagine them how long it might take to reach 100,000

I have always thought how unrealistic such claims are. Even if bitcoin were to keep rising without any dip at all (almost impossible), it will take some serjios time to reach $100k

 

[microunit]

If the increase in the price of Bitcoin keeps adding one zero like he said then what's to stop the increase at $100,000 why not $1,000,000 or even $10,000,000 people just keep predicting Bitcoin prices like they can see the future

well any one do predictions as predictions is kinda one why for them to feel positive about bitcoin and if he /she is an influencer his/her prediction might even affect other people into investing into the coin

 

[highspeed]

Well, that Bitcoin has increased by 150% in one year, this is a fact for now.
However, I wouldn't be so optimistic as to be thinking something like $ 100,000.
And sorry but ...

 

[Brain]

Price of Bitcoin is still fluctuating it has moved from $39k now to $37k. But I think it will still appreciate more in the next 3-4 months. We just need to just be patient enough

 

[SCAMEXPOSER]

Price of Bitcoin is still fluctuating it has moved from $39k now to $37k. But I think it will still appreciate more in the next 3-4 months. We just need to just be patient enough

I also share your opinion and I have this strong feelings that if it can conviniently cross to $40,000 and above there is likely to be more hope for fast recovery