The likelihood of BTC reaching $100,000 is higher than it dropping to zero. 

For years, Bitcoin enthusiasts have been predicting that the price of Bitcoin will break through its historical high point since 2017, with many believing that Bitcoin will rise to $100,000 or enter the six-figure price range. This week, Bitcoin aficionados discussed the possibility of the crypto asset reaching $100,000.

In mid-December 2017, Bitcoin (BTC) prices hit an all-time high (ATH) of $19,600 per coin. Today, Bitcoin's price is 46% lower than its ATH in 2017, trading at $10,900, but many Bitcoin proponents believe the crypto asset will surpass this price range. Industry insiders, experts, and analysts think that the price of Bitcoin (BTC) could easily reach $100,000 per coin or more. On June 4, 2020, Simon Dedic, the co-founder of the crypto analysis firm Blockfyre, estimated BTC would reach a high of $150,000. For instance, during the 2020 Virtual Blockchain Week event, prominent venture capitalist Tim Draper stated he believes BTC's price will reach $250,000 by early 2022 or 2023.

Mark Yusko, CEO of Morgan Creek, expressed his belief that BTC will reach $100,000. Other influential figures who believe each BTC can achieve $100,000 include Cardano's Charles Hoskinson and Morgan Creek's Anthony (Pomp) Pompliano.

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