Bitcoin is being considered as a safe haven against traditional financial instruments and the number of people who believe so is expanding & since any kind of money has value just because people ascribe it, bitcoin’s value keeps growing proportionally to the number of people who see it as valuable.
In 2017, McAfee said that Bitcoin would reach $500,000 in 2020, and if it didn’t, he would eat his private parts live on TV!
Bitcoin is the only crypto that has received worldwide attention, awareness, and adoption. It has been accepted by organizations and payment gateways all across the world. Even new milestones are being achieved like Bitcoin hash rate reaching an all-time high of 62 quintillions per second.
By 2025, we’re likely to see $250,000 bitcoin, and then some time out, 2030, we could see $400,000 or $500,000 bitcoin as it reaches gold equivalence.
Conclusion:
If you are investor then you should invest in bitcoin for long term.