The maximum price of Bitcoin in the future?: There's "no limit," says CZ

26 May, 2019 | Updated: 26 May, 2019
by Will Heasman
Price Analysis
The maximum price of Bitcoin in the future?: There's no limit, says CZ

A Twitterati posed a question to numerous industry names, hoping to gather a consensus on the “maximum reasonable price for bitcoin in the future.” A response from Binance boss, Changpeng “CZ” Zhao, relayed that there wasn’t one…

 The discussion was sparked on Twitter earlier today, which delved into the intricacies of Bitcoin’s (BTC) price point, particularly looking into its upper limit.

Shortly after the Tweet, CZ responded, stating that there was no such thing as a max price for BTC:

When asked to clarify whether this meant that BTV had a “infinitely high price” CZ replied that fiat had no such inflation limit, therefore why should BTC:

Ryan Selkis founder of Messari Crypto suggested that after BTC reaches a quarter of a million dollars, the status of the dollar as a reserve currency will be negated and thus no such price comparison could be drawn.  

Others got involved in the conversation as well, providing their own predictions:

Interestingly, as reported, a similar topic was debated yesterday, with CBNC host, Ran Neuner, offering the question: “What is the lowest price that Bitcoin will trade in the next 10 Years?”

Answers ranged from $1k to $6k, with one suggesting that 1 BTC would become a mainstream unit of account in 10 years:

What price point do you think Bitcoin will reach in the future? Let us know your thoughts in the comments below!

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