This has come to my notice that all eyes are on bitcoin as 2017 draws to a close: will the notoriously volatile cryptocurrency end the year at a $10,000 value? This is a serious question to answer.
Like most things in cryptocurrency, this is debatable. Bitcoin’s current climb the currency passed $8,000 earlier in the month is giving the $10,000 camp plenty of ammunition.
Bitcoin bulls have been quite vocal on social media with some championing the rise of a new age.
Others are so certain that bitcoin will continue to rise that they are predicting it will hit $100k by 2021. Interesting $btc graph that had a lot of people doubting.
Chart from fall 2014, when #Bitcoin was $300, predicted price of $10k for today —Nov 22nd, 2017. We’re at $8,000. Next milestone on chart: $100k in summer 2021.
Outside of those in crypto, traditional investors also have mixed opinions on bitcoin’s continued rise, with some, such as ex-fund manager Mike Novogratz, stating that bitcoin will “hit a new high soon” and that we would “end the year at $10,000 in bitcoin.”
According to a Twitter poll by CNBC, 68% of people would put $10k into bitcoin right now, while only 32% would put that money into the stock market instead.
Another reason for that hesitancy is the ever-present danger of high-volume, high-profile cryptocurrency hacks, and 2017 has certainly seen its share.
A constant companion to bitcoin and its other cryptocurrency cousins, the most recent victim was cryptocurrency converter Tether, whose hackers made off with about $31 million-worth of tokens.
Moreover, the growth of ICOs is still leaving some crypto investors wary, especially as some countries suspend or outright ban the practice while considering appropriate regulation.
When it comes to overall perception, however, most seem to believe that bitcoin $10k wouldn’t be a particular surprise, even if they don’t consider it particularly likely. invest in bitcoin now and see the end results with a smile on your bitcoin account. hurry now!!!