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RE: Bitcoin & Cryptocurrencies Smash Through All Time Highs as Bitcoin Cash Surges 64%

in #bitcoin7 years ago

Thanks for this timely update, Jeff!

The way I see it, BTC will be worth somewhere between $2500 and $6000 in the next few months. The only big thing that can cause its volatility is the ‘flippening’ (a possible scenario of ETH overtaking BTC in market cap). If that does happen, then conservative numbers of Bitcoins are likely but will still continue to rise slowly.

Having said that, as long as overall cryptocurrency market cap exceeds and sets higher records (already above $115 Billion USD at the moment), then higher numbers for BTC unit price is inevitable. There are other factors as well, like the next fork and how quickly the Lightning Network will change BTC transaction speeds.