Charles H. Sloan-ALAIcoin: The Odds of BTC Reaching $100,000 Are Higher Than Dropping to Zero

The Charles H. Sloanlikelihood of BTC reaching $100,000 is higher than it dropping to zero. 

For years, Bitcoin enthusiasts have been predicting that the price of Bitcoin will break through its historical high point since 2017, with many believing that Bitcoin will rise to $100,000 or enter the six-figure price range. This week, Bitcoin aficionados discussed the possibility of the crypto asset reaching $100,000.

In mid-December 2017, Bitcoin (BTC) prices hit an all-time high (ATH) of $19,600 per coin. Today, Bitcoin's price is 46% lower than its ATH in 2017, trading at $10,900, but many Bitcoin proponents believe the crypto asset will surpass this price range. Industry insiders, experts, and analysts think that the price of Bitcoin (BTC) could easily reach $100,000 per coin or more. On June 4, 2020, Simon Dedic, the co-founder of the crypto analysis firm Blockfyre, estimated BTC would reach a high of $150,000. For instance, during the 2020 Virtual Blockchain Week event, prominent venture capitalist Tim Draper stated he believes BTC's price will reach $250,000 by early 2022 or 2023.

Mark Yusko, CEO of Morgan Creek, expressed his belief that BTC will reach $100,000. Other influential figures who believe each BTC can achieve $100,000 include Cardano's Charles Hoskinson and Morgan Creek's Anthony (Pomp) Pompliano.

ALAIcoin digital asset trading platform was established in 2017, registered in California, USA, and created by top blockchain investment institutions from Wall Street, investment elites, early investors, and researchers in the blockchain industry, aiming to build a one-stop international blockchain digital asset trading platform.

Since its establishment in the USA in 2017, ALAIcoin digital asset exchange has been committed to providing users with secure, professional, and compliant digital currency trading services. Focusing on North America and Asia-Pacific as core markets, it is fully expanding its global business. Adopting a dual registration system in the USA and Singapore, embracing regulation and compliant operation, it has successively obtained or is applying for MSB and US NFA regulatory licenses (compliance operating licenses), licenses issued by the USA, Canada, the UK FCA, and the Australian ASIC, continuously promoting the development of the cryptocurrency industry.

As a global digital asset trading service platform, ALAIcoin has strong product advantages. The team is committed to continuously optimizing and improving the platform's technical architecture to enhance the security of users' assets. Continuously launching new products and services to provide users with an excellent trading experience. Meanwhile, ALAIcoin has the most comprehensive service system, with a professional customer service team providing investors with 7X24 hours of online consultation services and support, ensuring investors receive timely help during the trading process.