Bitcoin has seen a lot of UPS and downs in its price since it was first created in 2009. The highest price that Bitcoin has ever reached was $19,783 in December of 2017.
Since then, the price of Bitcoin has dropped to around $3,500 as of March 2019. Many people are wondering if Bitcoin will ever reach the price of $100,000 per coin.
There are a few reasons why some people think that Bitcoin could potentially reach the price of $100,000 per coin. One reason is that the total supply of Bitcoin is limited to 21 million coins.
As more and more people start using Bitcoin and the demand for it increases, the price will continue to go up. Another reason is that more and more businesses are starting to accept Bitcoin as payment, which also drives up the price.
However, there are also some people who think that Bitcoin will never reach the price of $100,000 per coin. One reason for this is that there are already a lot of other cryptocurrencies out there that are similar to Bitcoin and have lower prices. This could make it hard for Bitcoin to compete and maintain its high price.
Another reason is that the price of Bitcoin is very volatile and can drop suddenly without any warning. This makes it a risky investment for many people and they may not be willing to put all their money into it.
So far, no one knows for sure if Bitcoin will ever reach the price of $100,000 per coin. Only time will tell if it is possible or not.