Bitcoin (CRYPTO: BTC) has been on a wild ride the last few years as it spiked to highs above $60,000 and currently trades between $16,000 and $17,000 as I'm writing.
It wasn't long ago that investors believed this cryptocurrency could reach $100,000 or more. Could it reach astronomical new heights of over $1 million in the future? Let's look at the thesis behind Bitcoin's value.
I think the best argument for Bitcoin's future value appreciation is that it's a digital store of value, like gold. The token is scarce because it's limited at 21 million when all are mined and there will never be more.
Source Fool.com