In a recent article published by CNBC information was presented exploring the possibility of 10,000 USD bitcoin. In this article I will explore the resesarch presented further.
The price of bitcoin could be heading to over $10,000, nearly half of respondents to a CNBC survey said.
Just over a third agreed with JPMorgan Chase CEO Jamie Dimon who said "you'll pay the price" for investing in bitcoin
Sixteen percent of the 23,118 people who voted said bitcoin will hit between $6,000 and $8,000
Based on these survey results I guess its time to start loading the bags with bitcoin. I've heard the number $6800 thrown around quite a bit as a target.
Forty-nine percent of the 23,118 people who voted said above $10,000. Similar calls have been made by market participants. Former hedge fund manager Michael Novogratz told CNBC in a recent interview that he sees bitcoin heading to $10,000 in the next six to 10 months.
One option that people could also vote for was: "Jamie Dimon is correct, you'll pay the price for buying." JPMorgan Chase CEO Dimon has been critical of bitcoin, calling it a "fraud" and said "if you're stupid enough to buy it, you'll pay the price for it one day." Just over a third (35 percent) of people sided with Dimon.
Bitcoin has often been labeled a people's currency and has even been described as 'digital gold.' More logically is understood that Bitcoin is a digital asset which derives its value from use, belief and its finite nature. Furthermore the way its created costs money (electricity) giving it additional value. Something of value can't really come from nothing now can it?
What are your thoughts about where Bitcoin is headed? Which camp will be correct? Do you think there is any merit to Dimon's claims?
Lets get a discussion going!
Thanks for reading!
Source:
Bitcoin is heading to $10,000, CNBC survey says - CNBC