They are cheap right now!
Context: since the breakup of the “United” States is already ongoing soon us-dollar denominated debt will no longer be honored. Regions within the US will issue their own local currencies which will send the US federal reserve notes “fun bucks” into hyperinflation. I predict an easy 100,000,000$ per bitcoin.
Furthermore, attempts of banning btc and cryptos will not only not stop them, it will do the opposite: People will be fleeing into cryptocurrencies even more!
Remember I told you this so you can start regretting not buying already today! Be ahead of the curve :D
Reason I asked this question on HN is to see what people think. But I predict that BitCoin will never reach even $1,000,000 million per BitCoin. I think much less! Maximum it might ever get is 100K per BitCoin and that pushing it. I honestly think that there will be a huge crash for BitCoins one day! (Dated: 2020-12-22) Lets see who is right in about 5-10 years ^_^
I'm one that believes that the price of bitcoin can be manipulated by large bitcoin holders working together. But bit coin is getting easier for the common man to be able to purchase. So as the number of owners increase it will be harder for the price to be manipulated. So given that, I still think that it will drop big at some point but it will be above 10k. We will never see sub 10k bitcoin again.
Since the value of Bitcoin has no connection to any real-world economy, and is entirely determined by whatever someone is willing to pay right now, there's no way to know what it will be in the future.
If you really knew the answer to this, you would make a lot of money.