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RE: Bitcoin to 10k USD Before End of The Year?

in #bitcoin7 years ago

Since Bitcoin serves as the gold standard in the crypto world, over the long term the only way is up! Like @kingscrown advised in an earlier post, buy with money you can afford and hold for as long as you can. Metcalf's law states: The value of a network is proportional to the square of the number of users of the system. The more people that start adopting the platform the more demand it will create for it thus increasing the underlying currency utility value. In the short term, if only 5% of the current investment shifts from Gold to crypto (which is a rather conservative estimate), we are looking at an average price of $25K per Bitcoin...Who knows, if adaptation rates continue to increase or we have a liquidity spike, we may see $50-$75k in the not too distant future! So spread the word and get as many of your networks engaged as possible, it's a win-win for everyone!