Cryptocurrency

It Bitcoin will reach one million dollars! According to Christopher Burger – Breaking News

Within the crypto world the discussions about the future of the price of the Bitcoin, are a matter of day-to-day, and there is a large crypto-influencers who bet on large price increases, and others that prefer to be more conservative in their predictions about the value of the Bitcoin. Within the group that defends a likely increase in the price of Bitcoin, we find personalities like John McAfee, the millionaire magnate of the anti-virus that recently was involved in the controversy, after having been jailed in the Dominican Republic for illegal possession of weapons, and those who believe that the Bitcoin will reach a million dollars before the end of 2020. A scenario more feasible, but equally amazing, is the one who handles Pantera Capital, a company of market analysis, which has developed a mathematical model according to which the Bitcoin should reach $ 42,000 by the end of this year, 122.000 in 2020, and finally 356.000 dollars in 2021. To this list of crypto optimistic is now added Harold Christopher Burger, entrepreneur and worker in the sector of Artificial Intelligence, who would have taken out an analysis in his blog post on Medium called “Natural Corridor of Bitcoin’s Long-Term Energy Law Growth”, in where he manages to make a tour of the highs and lows of Bitcoin in its history, to try to establish possible scenarios of price in the future. According to the study of Christopher Burger, the price of Bitcoin will reach $ 100,000 per BTC not before 2021, but also after 2028, the year after which the price of the criptomoneda would not lose the $ 100,000. In addition, you arrive at a million dollars per Bitcoin not before 2028 and no later than 2037, the year that also marks the moment from which the BTC did not go down a million dollars per Bitcoin. However, despite these predictions favourable to the long-term effect on the price of Bitcoin, Christopher Burger also warns in his text that the criptomoneda not be without major ups and downs in the years to come, as we have lived until now and will give the Bitcoin the reputation of being an active and highly volatile. However, these episodes will be less frequent and acute than they have been until now, at the same time that the pace of the evolution in the price of the Bitcoin will also be slowing down as it gets closer to the million dollars. The following two tabs change content below. Student of International Studies, interested in issues of economy and international politics. Passionate about the progress of the Fourth Industrial Revolution in general and the cryptocurrencies in particular.

Did you like the content? Share it