What will bitcoins price be this time next year?
I would like to hear your opinions, what will bitcoin rise or fall to by December 2018? Some say $11,000 some believe it will already be at $50,000 and some think it will be obsolete and bottom out. Personally I think the last six months have proven that it is not going anywhere anytime soon (3-5 years) and the price will only increase. If it can not only weather the events of the China crackdown and the blatant attack by the segwit2x group that moved to BCH but also recover and continue breaking records, then I'm having a hard time believing anything will "break" bitcoin in the next five years. I believe that it will remain our "gateway crypto" and therefore continue to be utilized as much if not more than any other cryptocurrency. That being said, I think it's store of value will become its only logical use as other cryptocurrencies take over other areas. That store of value though has the potential to cause bitcoin to reach unfathomable heights. My personal prediction for this time next year is approximately $50,000. I would be shocked if it had a record high of less than $25,000 by December 1st 2018 and I wouldn't be at all surprised if it was closing in on 100k by then.
I like to think it's possible that ten years down the road when someone talks about rich people they refer to them as millionaires, billionaires, trillionaires and owners of an entire bitcoin. Yes, one bitcoin being the richest of the rich. Well, maybe not ten years but hey, who knows? Maybe I will put my kids through college with the one bitcoin I've managed to hang onto. Or maybe it will be where I tell them their college savings went when it crashes down to pennies. Only time will tell, but I remain completely optimistic.
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