Will We Ever See Bitcoin At $1,000 Again?
Are bitcoin’s high-valuation days completely in the past?
Bitcoin has had its ups and downs.
Startups are closing up shop. While banks are increasingly interested in bitcoin technology, many seems focused on blockchain and not the currency.
Plus, volatility in the bitcoin markets has continued.
There was a time, however, when bitcoin was flying high. To the tune of over $1,000 per BTC. Remember that?
Those were the good days. The question is… Will those days ever return?
We Asked the ZapChain Community. This is What They Think.
Many people are convinced since bitcoin has already broken the $1,000 barrier that it will do so once again.
“I think it’s inevitable — I just wouldn’t begin to predict when.” — Mark Hopkins, Founding Editor, SiliconANGLE
There will only be 21 million bitcoin mined into existence. One theory is that as bitcoin becomes more popular limited supply will cause the price to rise — no matter what.
“As utility goes up, demand goes up, supply stays constant. That results in price going up.” — Jacob Donnelly, journalist, CryptoBrief
It’s common for bitcoin enthusiasts to tie success of the cryptocurrency to high price. If bitcoin is not expensive in the future, some think that means it is not a real currency used by real people.
“If it does not [get back to $1,000], bitcoin will have failed.” — David Moon, co-founder of Spelunk.in
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