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. These
are my reasons:
1. The
last bull run nearly push the price of Bitcoin to $20, 000.00
2. The fact
that more people will learn more about Bitcoin most especially the millennial
generation.
3. The
traditional institution by then would have invested in it pumping the price to
the moon.
4. Solutions
to scalability problem.
5. 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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