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Ask Leo: Is there a Probability that Bitcoin Can Reach $40 Next Year? by emeka4

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hive-167922 · @emeka4 ·
$7.71
Ask Leo: Is there a Probability that Bitcoin Can Reach $40 Next Year?
Bitcoin is on a rollercoaster ride. Its price has been soaring, then plummeting, and now soaring again. What is the purpose of this volatile price? Well, Bitcoin's value is based on demand. If people are willing to spend money on Bitcoin, it will continue to have value. 

![download (12).jpg](https://images.hive.blog/DQmWSCtS9tSeV54D8ic1zEyL8kAEbWfFV6sZetWGjPt9FWy/download%20(12).jpg)[source](https://www.google.com/search?q=can+Bitcoin+go+above+%2440&client=ms-opera-mini-android&channel=new&sxsrf=ALiCzsY11Sap5A7Eu3DgbX-PCTClhdNbWQ:1670295543375&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjFj6Hk_-P7AhUP-BoKHb_xAGUQ_AUICCgD&biw=360&bih=616#imgrc=YX6efiYYyoQSnM)

If people don't want to spend money on Bitcoin, it will continue to have no value and will eventually be worthless. So far, Bitcoin has been able to retain its value. However, it is important to note that Bitcoin's value has been largely dependent on speculation.

Bitcoin has gone up exponentially in the past year and has been seeing a lot of hype when it went above $60 in the previous year. However, as more people become aware of Bitcoin, it becomes harder to predict where the price will be a year from now. 

There are a lot of people who are optimistic and think that Bitcoin will continue to go up, while others are pessimistic that it will crash and the price will go back to $1 which is just people's opinion. We never can tell the next move because Crypto can be funny at times with it prices.

The price of Bitcoin is also affected by the amount of people who are interested in Bitcoin and the amount of people who are actually using the cryptocurrency. This is why the price is so volatile. The price of Bitcoin is likely to continue to be volatile in the future because the market is just not ready yet.

> Can Bitcoin reach $40? 

The answer is yes. In the long-term, Bitcoin has the potential to reach $40 and it is also possible that it does not. Although Bitcoin has the potential to reach $40, the cryptocurrency may not be able to reach this figure in the long-term and can also be vice versa.
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vote details (91)
@chichieze ·
$0.02
Oh my goodness! Crypto space can never be steady. But let's fold our ✋ and see the price of Bitcoin in the coming years
👍  
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vote details (1)
@emeka4 · 
Crypto prices are never Stable so there's every possibility that it will go higher again in price.
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@hivebuzz · 
<table><tr><td><a href="https://hivebuzz.me/@emeka4"><img src="https://images.hive.blog/70x70/https://hivebuzz.me/badges/wc2022/wc2022-55.s1.png"></a></td><td>Well done @emeka4! You successfully guessed the match result and unlocked your badge!<br><sub>Click on the badge to view your board. Click <a href="https://hivebuzz.me/rankingWC">here</a> to check your ranking.</sub></td></tr></table>

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@khaleelkazi ·
$0.02
RE: Ask Leo: Is there a Probability that Bitcoin Can Reach $40 Next Year?
High!

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@khaleelkazi/re-emeka4-5k2sim)
👍  
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vote details (1)
@emeka4 · 
We hope to experience it higher
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@trumpikasleo ·
RE: Ask Leo: Is there a Probability that Bitcoin Can Reach $40 Next Year?
Yes, $40 is a bit more than $0

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@trumpikasleo/re-emeka4-4zdy5w)
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@emeka4 · 
Absolutely
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