How Bitcoin Could Go To $10,000, Not $100,000

How Bitcoin Could Go To $10,000, Not $100,000

Say no to Bitcoin?(Photo by MARVIN RECINOS / AFP) (Photo by MARVIN RECINOS/AFP via Getty Images) Several Wall Street pundits have speculated that Bitcoin could hit a price of $100, 000 this year. Some predicted that last year, but that's a moot point now. I am not in the $100, 000 camp. While I do believe in the future of the blockchain, when it comes to the tokens that have captured the imagination of a generation of investors, I do what I always do: I look at the charts. And when I do, I see reward potential (because any investment can go up at any time), but much greater risk that the current rout will not only continue, but be one of breathtaking proportions. I see a greater chance of Bitcoin hitting $10, 000 this year than $100, 000. Here's how I break it down. Bitcoin, and cryptocurrency in general, have fallen on hard times. As the stock market declares war against "risk-on" investments (those which are popular because of future hopes, not fundamental realities), Bitcoin has been dragged down with them. That's a sign that cryptocurrency is not some kind of alternate currency or life preserver for investors. It