While the price of multiple cryptocurrencies continue to see their values soar, the current price of Bitcoin suggests it is still very much the father of digital money. Max Keiser, host of Russia Today’s Keiser Report, agrees, and believes that Bitcoin will ultimately reach a price of $100,000.
The price of Bitcoin hit an all time high over the weekend – moving past the $8,000 mark following an uncertain couple of months that had the SegWit2x fork hanging over the markets like a dark cloud. Yesterday, Bitcoin continued its rise, nearly touching $8,400 and establishing another all time high.
Keiser believes that Bitcoin’s ability to survive numerous changes and countless altcoin competitors proves it is the most dependable cryptocurrency:
“Bitcoin will dominate and lead crypto going forward. Hundreds of obituaries have been written about Bitcoin and none of them have come true and none will. Fact is, Bitcoin is a gift from God to help humanity sort out the mess it has made with its money.”
While Keiser’s assertions bode well for Bitcoin, it doesn’t change the fact that the network is still facing growing pains. SegWit2x may have been abandoned for now, but the short-comings it aimed to solve are ever-present. The simple fact is that the increasing amount of transactions are putting strain on the network capacity – and the backlog of transactions makes Bitcoin cumbersome as a payment method…
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