• Apple’s co-founder Steve Wozniak belief and prediction
• Similar Price predictions shared by various experts
• Two major factors Influences Bitcoin’s Price

Apple’s co-founder Steve Wozniak belief and prediction

Apple’s co-founder Steve Wozniak believes that Bitcoin (BTC) could eventually hit $100k.

When talking about Bitcoin during the podcast, he mentioned that it could be possible for Bitcoin to reach $100,000.

He stated that, “the interest for Bitcoin and digital currencies is quite high in the movement”. Also, he mentioned that he had invested in Bitcoin years ago using Coinbase and these coins are now sitting there.

Additionally, he mentioned that his intention was not to speculate about Bitcoin’s price but rather experiment with it and understand how it works. Nonetheless, thanks to the price appreciation that Bitcoin experienced in recent years, he said that he had made a colossal return on his investment.

About the future price of Bitcoin, he expressed:  “My life’s purpose is to have enough to play with, experiment with but not to make money on and two times it’s gone way up and made me money and just recently I think Bitcoin is gonna go to $100,000.”

According to the data of coin market cap, Bitcoin price have been between 38,000 and 40,000 for the past week including today. Bitcoin has moved from low rate $3,200 in late 2018 and it was close to reach $70,000 in some cryptocurrency exchanges back in late 2021.

Similar Price predictions shared by various experts:  Skybridge Capital founder believes that the price of bitcoin could reach $100,000 this year 2022. He confidentially shared:

“Could it get there this year? Yes. Is it likely to get there over two years? I’m very confident of that. But we’ve got some work to do here from a regulatory perspective”.

Kate Waltman, a New York-based certified public accountant who specializes in crypto has expressed in November 2021 as “The most knowledgeable educators in the space are predicting $100,000 Bitcoin in Q1 2022 or sooner”.

Edul Patel, CEO and co-founder of Mudrex mentioned said,” Bitcoin is bound to make a dash towards the $100,000 mark. However, adoption has a massive impact on the price movement. With its limited network usability, the Bitcoin blockchain would need revolutionary changes to even come close to Ethereum’s adoption”.

Two major factors Influences Bitcoin’s Price 

Scarcity –   Bitcoin’s current circulation level is 18 to 19 million, and minting will stop at 21 million. Industry experts consistently point to this built-in scarcity as a big part of cryptocurrency’s appeal.

Mainstream Adoption – Bitcoin adoption has been increasing at an annual rate of 113%, according to data from the digital asset management firm CoinShares. Now a days people started adapting crypto continuously. If the grow line is constantly high, BTC users 1 billion by 2024 and 4 billion users by 2030.