Bitcoin price is not so far from reaching a $100,000 valuation, recalled Adam Back, founder of Blockstream. BTC broke $10,000 when it was not even expected to move above $1,000.
Bitcoin Price Easily Revisits $10,000, Seen as First “Moon” Level
BTC went on to revisit the $10,000 level with ease a few times. Over the years, bitcoin price reached a peak near $20,000, reached within just weeks from lows around $3,500.
And $100k Bitcoin doesn’t seem so far given we already crossed $10k threshold a few times when few expected even $1k some years back and $10k seemed crazy.
— Adam Back (@adam3us) January 11, 2020
Now, the new threshold for bitcoin price is envisioned at $100,000, with no timeframe of when the figure could be reached. But models reveal coming couple of years may hold big promises for BTC, and the price is still on track to price discoveries in a new range.
Bitcoin has turned out in much better shape in early 2020, and easily revisited the $8,000 level. Trading volumes have grown, and futures markets are picking up the…