According to top crypto critics, Bitcoin prices can surge to a very high level where holding a full unit of assets becomes incredible.
This bold comment in particular comes months after the pioneering cryptocurrency prices reached a new milestone in the six-figures. Specifically, BTC scored a new all-time high of $109,300 in January. This is an incredible milestone considering the assets once were less than a dollar.
Interestingly, the current prices of Bitcoin have already made it difficult for an average income individual to hold an entire unit. It is currently trading at $94,533 and will shoot a national average salary this year.
Bitcoin is becoming more and more expensive
Nevertheless, the well-known Crypto Pundit Lark Davis suggests that Bitcoin will become more expensive when it comes to Fiat currency. recently Tweethe speculated that keeping one BTC would become “absurd” in the coming years.
He provided no further context, but the story in his post repeats buying as much BTC as possible, as the currency can continue its upward trajectory against Fiat. When this happens, only one BTC deserves luck for those who have used this opportunity to acquire assets.
Interestingly, Davis is not alone in this opinion. Recently, American venture capitalist Tim Draper predicted that Bitcoin would increase “infinitely” against the US dollar, and accumulated assets by urging it to sell from traditional financial products.
Possible timeline for insane bitcoin prices
In particular, these commentaries arise amid speculation that Bitcoin will achieve ambitious price levels in the near and long term. Market experts predicted a $1 million$2 million, and even a coin’s incredible $13 million target.
For context, Ark Invest’s Cathie Wood predicted that Bitcoin would reach $1 million in the next five years in the base case scenario. In bull market conditions, she expects digital currency to be even more highly valued to $2.4 million per coin. Interestingly, several other market watchers are tailoring this price target and timeline, such as the Swan Bitcoin and the 21 Capital’s Sina.
However, Bitcoin Evangelist and Strategy Executive Chairman Michael Saylor I imagine It will skyrocket to $13 million over the next 20 years. He was based on this bold claim on assets claiming 7% of the world’s wealth.
In the meantime, Bitcoin has been trading at $94,533, an attractive price for investors who believe in this long-term trajectory.
