For a number of years now bitcoiners have predicted that the price of bitcoin will surpass its all-time high from 2017 and many believe it will rise to the $100k or six-digit price range. This week bitcoin enthusiasts discussed the possibility of the crypto asset reaching $100k at great length.
In mid-December 2017, the price of bitcoin (BTC) touched an all-time high (ATH) of $19,600 per coin. Today, BTC is 45.81% lower than the 2017 ATH but a number of bitcoiners believe that the crypto asset will surpass that price range. For instance, at the 2020 Virtual Blockchain Week event, the well known venture capitalist Tim Draper said he believes the price of BTC will touch $250k by 2022 or early 2023.
Mark Yusko the CEO of Morgan Creek said he thinks BTC will reach $100k. Other influencers who believe $100k per BTC is attainable include Blockfyre’s Simon Dedic, Cardano’s Charles Hoskinson, and Morgan Creek’s Anthony (Pomp) Pompliano.
This week a great number of average folks leveraging the Reddit forum also discussed the possibility of BTC reaching $100k. The Reddit post called “How many people here think 100k is happening at any point?” was a topical discussion on Sunday and hundreds of people commented.
A deep scan into the thread shows that a great majority of bitcoiners think that $100k is destined to happen. Although, there were a fraction of individuals who did not think BTC could reach the six-digit zone.
“I think it is inevitable at some point,” explained the top comment on Sunday’s post. “Yep, definitely inevitable. It’s just a question of how much time it’ll take,” an individual responded to the top comment. One person remarked that BTC has a better chance of touching six-digits than going to zero.
“It’s not inevitable, but I do think it will happen,” the Redditor wrote. “I think if it doesn’t go to $100k, it will be near worthless within 5-10 years and that means something else did finally take over. IMHO, it has a better…