If Bitcoin rises to $150000, who will buy it?

By jordanjnr | Crypto Digest | 1 week ago

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Many Bitcoin analysts are bullish towards the top cryptocurrency by market cap and price.

And why wouldn't they be?

Since its inception,Bitcoin has soared by over 53000% which,for context,is simply insane.

But bitcoin's price has still been withing "reasonable" levels.

And that's great.

But a really bullish John McAfee has made some rather disturbing comments about the price of Bitcoin in the future, saying that it has the tendency to rise to $150000.

And he has bet the ability of a certain part of his body to rise by saying that he will,quote, "eat his privates" if that doesn't happen in the next 2 or so years.

Not only is this very disturbing, it's also not very feasible.

Not the eating part,but the part where Bitcoin rises to $150000.

As decentralised and radical as Bitcoin is,it still follows the rules of any publicly traded asset: 'all crazy bull runs WILL be corrected by the market'

This is to say that if bitcoin suddenly jumped to $30000 tomorrow, within a few days the price would fall to it's lowest support.

That's just how the market works.

And all assets that are publically traded work this way. 

Gold, crude oil, salt(surprised me too), you name it. 

They all follow the same golden rule.

But I've been considering it.

I've been thinking about it.

Trying to see what will happen if the price actually goes that high.

For a man to be willing to go to those extents,he must have either done a really detailed analysis of the asset.....

......or he must be really,REALLY dumb.

And all this has led me to think about what John McAfee has said.

Not the eating part,but the price part 

If Bitcoin rises to $150000, who will buy it?

I'd love to hear your thoughts on this post. Please comment down below what you think. Let's have a discussion!

Please if you find this post interesting entertaining or relevant kindly leave a tip down below to support my work. Thanks and to the moon!


jordanjnr
jordanjnr

Hello! I am a Blockchain enthusiast,bitcoin investor,CEO of BigTycoon group and I love crypto! Hit me up @TycoontechBlog on twitter!


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