Bitcoin price prediction: Why bitcoin WILL crash again – but BTC to reach $100,000? | City & Business | Finance

When will bitcoin reach $100,000?

Marcus de Maria, CEO of investment firm Investment Mastery, said he has been telling clients bitcoin would reach $100,000 since early 2018 and that it was always a case of when not if.

Now “we are finally approaching that price”, Mr de Maria said.

The investment expert added comparing bitcoin to Gold predicts the future trajectory for the digital currency.

He told “By comparing bitcoin to Gold, another store of value. Gold’s entire market cap is over $8 Trillion. We know only 21 million bitcoins will ever be mined.”

Using the amount of Gold mined compared with bitcoin and extrapolating these figures, there will safely be price growth of bitcoin hitting $100,000, Mr de Maria added.

He said: “This calculation is despite knowing that three to four million bitcoins have been lost, so the price is likely to go even higher, and you can see why we believe bitcoin will reach $100,000 without too much of a struggle.”

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