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Think Bitcoin Is Going to $100,000? You’re Wrong — It’s Going to $500,000
A lot of investors think that the price of Bitcoin (CCC:BTC-USD) is going to end the year at $100,000. I’m one of those folks. But the other day, when one of my analysts said, “Bitcoin’s price will hit $100K,” I responded by sarcastically joking, “Stop being so bearish!” Because while our year-end price target for Bitcoin is $100,000, we believe that Bitcoin prices will soar much, much higher in the long run. Like 5X higher. That’s right. We think Bitcoin is going to $500,000. And the rationale – as we’ve laid out before in these very issues – is simple. Bitcoin, in its most fundamental form, is ... (full story)