BCA Research Analyst: Bitcoin Will Reach $100,000

BCA Research analysts say Bitcoin will reach $100,000 and say Bitcoin will be the "new gold." Dhaval Joshi, Chief Strategist at BCA Research, emphasized the conceptual link between Bitcoin and gold, both deriving value from their uncollectability, and that despite the possible existence of a government ecosystem, the global network of Bitcoin ensures its value remains constant due to its unique attributes. government ecology, Bitcoin's global network ensures that its value remains intact due to its unique properties.

Dhaval Joshi said, "Gold and Bitcoin are conceptually linked because both derive their value from their uncollectability, freedom from inflation, bank failures, and in the case of Bitcoin - expropriation by the state... ...the price of Bitcoin will rise dramatically over the coming value time, reaching $100,000 as the market value of uncollectability grows dramatically and as Bitcoin grows dramatically over time in that market."