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Will Bitcoin hit $1M by the end of 2020?

1
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Will Bitcoin hit $1M by the end of 2020?

Bitcoin
Bitcoin Technology
Blockchain
Tam Tran
11 days ago

7 answers

1

1M is probably too much however if considering its price volatility everything could happen, https://charts.bitcoin.com/chart/price-volatility

Paolo Beffagnotti
11 days ago
0

"legitimate" trading starts over the weekend of BTC....so it can be shorted now....lets see
Supply says it can - i.e its limited, but will another Crypto take over???

Antony Welfare
11 days ago
0

Looks likelly

George Kendall
11 days ago
0

I believe that it will - and maybe even sooner than that. Once you realize that once the maximum amount of Bitcoin has been mined (21 million coins), the laws of supply and demand (global population of 8+ billion), I can see it going even higher.
The only barrier to general usage as a currency is that is is difficult to use contextually. I grok a coffee at $4, but how can my poor human brain get around a coffee costing 0.00025 bitcoin today and 0.000004 bitcoin once it hits $1M
If we want this in general circulation, we need to start using fractional bitcoin amounts, but do most people understand the value of a tonal or a satoshi?

Chris Kalaboukis
10 days ago
0

Who knows? But the way this crypto coin is running it is possible. However, I think also it depends on how regulators or governments take it. Today, we know that regulators can not enter into this territory (technically) but they always have the power to control the things. To protect investors etc, they can jump strongly and manipulate the whole cryptosystem with the law. In such scenarios, nothing can be predicted.

Hitesh Mathpal
9 days ago
0

Yup!

George Kendall
9 days ago
-1

That's like asking what will be the wind speed in Chicago on December 5th, 2020. There are too many forces impacting the trajectory to effectively parse and analyze. Basically, we are left to our intuitions - unless you believe you have identified the primary influences and can map out the trendline. Nonetheless, that would still have to include assessing its impact, directly, on the US dollar in order to change the overall context.

Joseph Urban
11 days ago

Have some input?