Hi All, Do you believe that Bitcoin will hit $100,000 by December 31? Please specifically explain your reasons why or why not. I decided to post in this section, not the bitcoin forum since I wanted an objective realistic opinion. ( ie not oh it will go to $100,000 in a week) Thank you,
https://www.deribit.com/main#/options?tab=BTC-31DEC21 look at the delta of the $100k dec call. That is the percentage chance.
Bitcoin cannot possibly go that high. That is too high. I have no valid reasons why, I just don't want to see it go that high. I would rather see it crash. Governments are creating their own, official, digital currencies presently...that will make all those fabulous, magical, cryptos less mainstream.
There is no limit to fiat money supply including central bank digital currencies. There will only ever be 21 million bitcoin. Do the math.
I'll have no interest in CBDCs but I DO have interest in crypto. CBDCs are just fiat in digital form. We already have debit/credit cards that are essentially the same.
Do the math, one is inflationary, one is deflationary, what do you think will happen? What happens to deflationary assets like property, art, stocks?
President Biden just nominated a well-known crypto critic, Saule Omarova, to be the Comptroller of the Currency. Don't expect any Bitcoin love from the Biden administration.
Unless, there is a stock market meltdown and everyone converts to BTC all at once. This is more naive thinking than those AMC to 10k+ ape videos on YT. Maybe in 3-5 years but 3 months that's ludicrous.