We know how you will answer this question. However, many investors hold cryptocurrencies and hope for explosive growth.
How much should the price of bitcoin rise so that the average investor decides to sell it? There is a specific answer to this question: very high, up to about $ 196,165.79 per coin.
It is this figure that appears in a recent survey conducted by LendEDU among cryptocurrency owners. They interviewed 564 people and calculated the average result. “Believe it or not, but it really is,” commented LendEDU analyst Michael Brown. However, he notes that due to the small sample, the results of the study should be interpreted with caution. It remains to be understood what should happen in order for Bitcoin to grow to 196 thousand dollars.
According to Brown, “respondents could suggest that in the future, bitcoin will indeed reach that price due to young consumers and their proximity to technology, including digital currencies.” Such a digital world, in turn, will attract more experienced and mature investors.
“Today, cryptocurrency prices are growing very quickly, although many of the influential older investors are still not sure about the success of bitcoin and believe that it will collapse. Just imagine how young Americans will develop purchasing power and try to put Bitcoin in the forefront of the US economy. At this point, the price of bitcoin will reach sky-high heights, ”says Brown.
When will this happen? Perhaps to the next generation of investors. Young consumers need time to build up capital, declare their presence in the economy and make Bitcoin mainstream.
Adapted by Coin PostNovember 03, 2019