The road to $10,000: How did Bitcoin break $3,000 and what does it look like in the future?

Bitcoin price continued to move upwards, surpassing $3000. This came just days after the emergence of Bitcoin Cash, amid fears of forking.

Bitcoin, the first and always the leading cryptocurrency. According to Kumar Gaurav, founder of Cashaa-Auxesis Group, a blockchain company, it had the longest time to mature compared to other cryptocurrencies. visible. The fork settles in favor of Bitcoin. Investors bought more Bitcoin and altcoins as they divested Bitcoin Cash. Almost all top 100 cryptocurrencies have increased greatly.

Gaurav’s positive outlook on Bitcoin is that it attracts more investors, and especially more institutional money entering the system.

< Speaking to

Cointelegraph, Gaurav said:

“The political reasons for bitcoin’s popularity are stronger than ever, but there is increased legal acceptance, increased media attention and increased availability.”

‘Bitcoin will reach $10,000 in 3 years’

Gaurav also stated that the price of Bitcoin will reach or even exceed $10,000 in the next 3 years.

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‘Not controlled by anyone’

Another strong believer in Bitcoin, Simon Dixon, CEO of BnkToTheFuture.com, said that Bitcoin is no one in the world. He emphasizes that it is the only cryptocurrency that he does not control, that is secured by the world’s largest computer network and has a sound monetary policy.

‘There is an increasing demand for Bitcoin’

Dixon stated that Bitcoin has passed the $3000 level as it has proven that no one is in control. Dixon also said that governments and central banks will create alternatives to compete with Bitcoin, control and centralize these currencies, and follow a similar policy to traditional money, causing Bitcoin to be given more value.

‘ $3700 is on the horizon’

Netcoins’ CEO, Michael Vogel, likens the development of Bitcoin to the development of the early years of the internet. Vogel notes that even the internet itself has faced various scaling challenges, starting with dial-up internets.

Vogel, who also speculated about the possible value of Bitcoin in the near future, said:

“Bitcoin internal With the end of the war, I think we see investors who left the market by selling their Bitcoins in July and now return quickly.. Goldman Sachs predicted that Bitcoin will head towards $3700 and it looks like we are on that track.”

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