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There are more factors at play as to why Bitcoin keeps going up–global macroeconomic factors. Bitcoin is surging because it’s a globally accepted store of value and means of commerce, and the fixed quantity and production prevents devaluation.What is the future price of bitcoin?
Predictions for the future value of bitcoin vary based on who makes the estimate. According to Jeremy Liew, a partner at Lightspeed Venture Partners, bitcoin could reach $500,000 per coin in 2030. According to the June 2020 Crypto Research Report, the cryptocurrency could go over $397,000 by 2030. 8