There have been several works, types of research, analysis, and a paper stating the past, present, and future of bitcoin. As expected, not all reports agree on where the token might be headed. This could be connected to the different rationale behind price predictions according to the assumptions made.

For example, Bitcoin developer and early electronic cash pioneer Adam Back says that Bitcoin should reach as high as $300,000 over the next several years.

“[Bitcoin] might not require additional institutional adoption [to reach $300,000] because the current environment is causing more individuals to think about hedging [and] retaining value when there’s a lot of money printing in the world,” Back told Bloomberg.

Another one, cryptocurrency exchange Kraken and the Economist predict that Bitcoin’s price will hit a whopping $1.91 million USD by 2022, Satis estimates a price tag for Bitcoin of $96,000 USD by 2023, and Vision & sees Bitcoin hitting $65,000 USD by 2028.

Based on the predictions of experts, it's easy to see that Bitcoin growth could be enormous considering current prices at $31,000, (visit www.redimit.com to see current price)

Experts and big investors say that Bitcoin growth could be enormous considering the current price at $31,000.

Although, how and when Bitcoin price will reach such predictions is unclear. Analysts severally carry out technical analysis in order to predict price movements and when they may happen.

We’ve gathered FAQS as regards these predictions:
1. Will Bitcoin Go high in Value?
Experts have predicted so, therefore we cant say contrary to that
2. Is investing in bitcoin a smart choice?
This is a personal decision, on your goals and personal research
3. How is the price of Bitcoin determined?
The price of Bitcoin, like any other currencies is determined by demand and supply.
4. Can Bitcoin be exchanged for Real Money?
Yes, there are exchange platforms like www.redimit.com to exchange bitcoin for naira

Thank you
Written by Redimit[b][/b]