Bitcoin exchange rate of the USD 100,000 it is hard to imagine is it? Hoskinson proves how you can be wrong

Today, looking back on the Bitcoin exchange rate, it can be hard to imagine that we could achieve in a few years, the price of over 100,000 USD. So it went but also many investors who started out very early in Bitcoin. As the Bitcoin price was still at 10-30 USD, could imagine no prizes of 10,000 USD and more. It was also the case with Charles Hoskinson, CEO of IOHK and founder of Cardano, in the year 2013. In an Interview, he talked about his misinterpretation.

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Charles Hoskinson: Bitcoin price will never reach $ 10,000 USD

In one of the last episodes of Crypto Titans Charles Hoskinson talked about the crypto industry and stressed that he believed in 2013 that Bitcoin would ever reach $ 10,000 USD. As we all know now, the Bitcoin exchange rate in December 2017 its previous all-time high of just under 20,000 USD.The Creator of Cardano (ADA) spoke about numerous issues to crypto currency, and even mentioned a course that he led in 2013, where interested parties informed about the Blockchain and Crypto to. The participants, he said, that the Bitcoin price would never exceed $ 10,000.

Yes, I thought: ‘a$10,000 Bitcoin is hypothetical. It will never happen, but that’s how it would look. I mean, this was before there were ASICs for BTC Mining. That should give you a sense of how long ago.

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BTC price of 100,000 is inconceivable or is it?

It was forgiven Charles, that he could not imagine a Bitcoin price of more than 10,000 USD in year 2013. With this opinion he was probably not alone. In addition, you have to remember that in 2013, BTC was still under the Radar, and therefore, the subsequent Impact was hardly foreseeable. In the meantime, we are much more and can maybe estimate a little better, as far as it could go for the Bitcoin exchange rate.Alone, the comparison between the market capitalization of Gold clearly shows how much room there might be for the digital Gold. If Bitcoin should reach only 1/5 of the market capitalization of Gold, would be the BTC price at around $ 100,000. Hard to imagine is it?Twitter countless Tweets from the years 2011 to 2014, where investors have misjudged the situation. Here is an example of a User, the BTC at 0.06 USD bought (generated, probably, to this date, by Mining) and at $ 0.30 re-sold. Briefly after that, the Bitcoin price was 8 USD. At this time the least expected, with prices of 100 USD or more.

In 10 years we could maybe laugh about the current Bitcoin exchange rate. In retrospect, it is not always easy. Much more important is to recognize currently, but the Potential behind BTC. Because behind it is a object of speculation, but the first scarce digital Good is hidden not simply. It fulfils all the important properties, to act as a store of Value in the future.

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