Bitcoin Set To Skyrocket To $100K Per Coin

Two years ago, Bitcoin became a household topic of discussion as the then niche virtual coin spiked from a nominal valuation of $1000 in 2017 to a jaw-dropping $19,783. What followed was a roller-coaster ride of buying and selling that ended when the coin’s value crashed by 73%.

Since then the market has begun maturing and investors, professional and home enthusiasts, are more informed about virtual coins and how their values fluctuate be it new technologies, Bitcoin halving or inflammatory news stories.

More Details Bright New Horizons For Bitcoin

In many industries maturation and stabilisation can lead to smaller profits but a more sustainable business model. However, cryptocurrency trading is a transactional market that thrives in an environment where it is trusted, and investors are willing to support it.

Since early 2019 Bitcoin’s sparkline has been trending upward, and market analysts are bullish about the prospects of the coin in the near future. So bullish in fact that their predictions see the coin topping the $100,000 valuation, five times its historical high!

Here is what some of these experts had to say online:

Simon Dedic of Blockfyre and Moonrock Capital: “In 2017, you could have bought literally any alt and it was a good investment. Imo this won’t happen again. However, I still believe that the bull run will return, pumping the few solid alts out there. Predictions: $BTC $150k.”
Bitcoin trader, Theta Seek, said: "At 100K per BTC, the market has to absorb a miner supply of $90 Million USD daily. Assuming that there are 10 million people worldwide buying BTC on a regular basis. It would cost them each $9 daily to sustain those price levels. I've met people who spend more than $9 on coffee."
Dan Morehead, Pantera Capital CEO, said: "The post-halving rallies have averaged 446 days — from the halving to the peak of that bull cycle. In this cycle, the market did in fact trough 514 days before the halving. If history were to repeat itself, bitcoin would peak in August 2021 — bitcoin would peak at $115,212."

There are even some who would call this market projection of a $100,000 soft. Mark Yusko, CEO of leading capital management firm Morgan Creek, has gone on record stating that he could see Bitcoin climbing as high as half a million dollars per coin. Though this is his longer term projection.

Bitcoin Are You A HODLER Or Folder?

With Bitcoin valuations sitting at just under $10,000 and so much market speculation putting the future of the crypto coin at 10x or greater, the question is whether to leave the cryptocurrency speculation to others or jump in and roll the dice?