Will Bitcoin Hit $500,000?
It is not a matter of “if”, only “when”
Will bitcoin price hit $500,000?
“’This year is probably going to end at this $22,000 to $25,000 range [for bitcoin] and next year $30,000 to $35,000 and then we will break out to these new high levels that you are talking about,’ Celsius Network co-founder and CEO Alexi Mashinsky told Yahoo Finance Live when asked if bitcoin was on a collision course to reach $500,000. Celsius, a crypto loan company, tapped into the renewed bitcoin fever to raise $20 million via an equity crowdfunding in August to support its operations.
Mashinsky contends that the supply is so scarce for bitcoin — and demand so great — that up is the only likely direction for the crypto to head over time.”