If 16 Million people decide they each want to own a full Bitcoin, then the price has no limits.
The only reason it stays down it's because everyone is scared of buying it. But remember, there's no printing of Bitcoins. There are around 16 million in circulation, and some of them are lost forever. :-P
Once the price shoots to $50.000, you won't even be able of buying 1 BTC anymore. But now, if you can own 1 BTC... just do it. And don't sell it.
So, people, if you all stop being afraid and start buying Bitcoin, it will go up faster than a NASA rocket.
If 16 Million people decide they each want to own a full Bitcoin, then the price has no limits.
The only reason it stays down it's because everyone is scared of buying it. But remember, there's no printing of Bitcoins. There are around 16 million in circulation, and some of them are lost forever. :-P
Once the price shoots to $50.000, you won't even be able of buying 1 BTC anymore. But now, if you can own 1 BTC... just do it. And don't sell it.
So, people, if you all stop being afraid and start buying Bitcoin, it will go up faster than a NASA rocket.