Sure; $100,000 Bitcoin is possible; but is it realistic? Is a potential gain of sixty-six percent worth the risk of losing a similar amount or more?
VIDEO GAMES AND BITCOIN
After spending the better part of a day at the game arcade with two of my sons and a couple of my grandchildren, and amidst all the ringing bells and flashing lights, I found time for some brief reflection.
There seemed to be a huge disparity between the reflected scores and the accomplishments of the various participants.
For example, why is 200 points a “good” score in one game and 1000 points a “bad” score in another game?
We could ask similar questions, I suppose, about the scoring variations in organized sports, too.
Then, I thought about Bitcoin. What makes investors think Bitcoin is worth $60,000? And why is its price so much higher than other cryptocurrencies?