Many Bitcoin (BTC) enthusiasts have their prospects for the future based on assumptions that might or might not prove true.
This scenario played out in many cases during Bitcoin’s history. For instance, Bitcoin Cash (BCH) proponents were proven wrong about the vector of Bitcoin’s progress, Lopp added.
Even if Bitcoin’s 21 million coin supply remains unchanged, the way people actually use Bitcoin (BTC) cannot be predicted:
As covered by U.Today previously, Bitcoin Cash proponent Roger Ver filed a motion to dismiss a tax evasion indictment against himself.
When it comes to Bitcoin’s (BTC) price predictions for 10-20 years ahead, many experts share uber-bullish forecasts.
While Galaxy Digital (TSX:GLXY) CEO Mike Novogratz estimates $500,000 as a reasonable target for the BTC price, Samson Mow advocates his $1,000,000 model.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
