Bloomberg: Bitcoin has had a tendency of adding zeros to its price
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The writing projects the trend line and estimates that Bitcoin could reach $100,000 by 2025. According to the article, Bitcoin will reach $100,000 in 2025 if it can add a zero to its price twice the time it took to add the zero from $1,000 to $10,000.
The discussion point is that Bitcoin may have slowed in its price expansion but still can continue climbing into the foreseeable future. Bitcoin has had sharp rises and falls; the overall trend line is one of remarkable growth. A Koinal account can start a path to Bitcoin investment or expand an existing plan. Our portal is convenient and straightforward; Koinal uses bank-issued cards to make cryptocurrency purchases.
The well-informed cryptocurrency community has seen bolder predictions. For example, a widely distributed Stock-to-Flow Model forecasts a $100,000 price by late 2020. The Bloomberg article suggests that both historical trends and the current supply and demand direction favor Bitcoin growth. Institutional demand is rising, and it will likely increase while the supply approaches the production limits. The limited supply will drive prices higher.
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While the long-term price point gets the attention, the article notes that the short-term prediction is that BTC will once again reach the $14,000 price point in 2020. The year 2019 was the last time Bitcoin sold at that level.
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