In February 2021, as the price of bitcoin neared $50,000, investors were enthusiastically asking if its price would reach $100,000 in 2021. With the price of bitcoin currently hovering around $36,300, investors might be asking the same question, but with less enthusiasm. I suggest that the answer to the question today, in June, is the same as it was in February; and that answer is “quite possibly, but unlikely.”
As bitcoins skyrocket to more than $12 000 for one BTC, many central…
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