Bitcoin: The Last Cycle
We all have our own ideas on what the future of bitcoin holds and how high the price will eventually go. For people who are bullish about bitcoin, usually their price predictions can become quite high, with the sky being the actual limit. There are a lot of factors that come into play when determining this question. You need to take into account the strength of the dollar and other currencies, the world situation, inflation, if bitcoin has been accepted as legal tender of other countries, if it has surpassed gold as a store of value, and finally if it has been the world reserve currency. The list goes on and on, but I'm sure you are getting the point. Each day that bitcoin survives, it becomes stronger, and those price predictions become much more of a reality. I am about as bullish as a person can be for the future of bitcoin.