A work colleague is selling his house and car for bitcoin?! Is his theory true?

Hi all.

I am no expert on bitcoin. I only purchase the occasional bitcoin sum, for deep web transactions.

I was speaking to a work colleague who is in to investment. In total, I think he has 1 bitcoin, as he mentioned he's lost a couple of grand in the last week or so.

I said, "Oh, if it goes to like $16,000 again, will you be selling?" and he was like "No."

He said he's down sizing his house and also selling his car for a cheaper one. The money he'll make from this, he's going to invest in bitcoin.

He said the reason behind him not selling at 16K, is that experts say that bitcoin will eventually rise to $100,000+. He said because more big businesses will be looking to take transactions in bitcoin and apparently there might be something soon, called a bitcoin pension.

I've obviously not come on this sub to ask "iS tHiS GuNa HaPpEn?", but is there actually any theory behind this claim that it will eventually be $100,000+ per bitcoin?

Submitted September 29, 2019 at 06:21PM by BringThemAllEZ https://ift.tt/2nJ8EID