 So I'm gonna make this video super short so the title of this video is will Bitcoin hit $10,000 in value I first want to talk about the why Currently Bitcoin is increasing a price and there's a couple of reasons why I'm not gonna talk about all the reasons I'm just gonna talk about some of the main reasons reason number one Korea is buying up Bitcoin left right in the center They're opening up exchanges every single day number two Japan is set to open up 10 brand new exchanges this year So that equals liquidity that equals buying power that equals selling power So the Asian market right now is very hungry for cryptocurrencies and specifically very hungry for Bitcoin Next thing is the ICOs there seems to be a brand new ICO almost every single day And when people are doing with these ICOs is quite simple They are taking the profits that they make from the ICOs and then they're putting into Bitcoin They have to protect their profits. They're not gonna keep it in these, you know tokens They're not gonna keep in these brand new cryptos So if you notice any time that there's green on say coin market cap or if you notice that you know The alt marketplace is going crazy with profits and then you notice another week. It's all red That's because everyone's taking their profits that make from the alt coins in the tokens and they're putting them into Bitcoin and Ethereum and Finally another reason why Bitcoin is increasing value. It's the original It has the longest immutable chain It has history and due to the scaling issue which will be getting to a second due to the scaling issue right now it seems to be one of the well seems to be the strongest and Most statistically proven place to put your cryptocurrency or your other cryptocurrencies into okay now Let's switch gears and talk about will Bitcoin hit 10,000 Well, there's a couple of key things we first have to talk about we have to talk about the scaling debate right now The scaling issue between Bitcoin unlimited segwit and their future proposal for lightning network So just as of today from the consensus conference They stated that there could possibly be a user activated soft fork To a signal segwit and that may happen around August now There's some issues with that because there is a strong statistical chance that with this user activated soft fork that there Actually may be hard for meaning that the original Bitcoin chain will split into two. So you have a Bitcoin unlimited Then you have regular Bitcoin now. That's a very small probability I do see a lot of issue with this user activated soft fork But that being said, I think August September in the fall is a big big three months when it comes to Bitcoin Who knows what's gonna happen? Maybe this segwit solution is a solution they need to finally go to the lightning network to scale the issue because right now There's more than 200,000 backlog transactions on Bitcoin. The transaction fees are too much A lot of businesses are bogged down and people are fed up So they're gonna have two options either they're gonna leave Bitcoin go another chain like light coin Which is much better instant transactions It has segwit and scaling issues kind of solved at least for now as opposed to staying on Bitcoin or Bitcoin Does what it needs to do activate segwits maybe splits in two and everybody goes their own way So yes, I actually do believe the Bitcoin depending on what happens with the technological aspect and the political aspect I really do believe it has a strong chance of Reaching 10,000. I don't know if it's gonna be the Bitcoin up today. I don't know if it's gonna be a new Bitcoin I don't know if it's gonna be based on technology today There's so many different variables and it also matters on the ICO landscape It matters what happens with for example Ripple and Ethereum and all these other Cryptocurrencies of tokens, but still, you know, I have huge trust and faith in Bitcoin I think it's gonna stay around for a long time. So to answer your question. I don't think so We're gonna see 10,000 soon. I think we're in a micro bubble I think we might hit 4,000 5,000 US on Bitcoin then we'll see a correction 50% So if it's gonna hit 5,000 we'll see a correction down to 2,500 Which is not too bad and worst-case scenario if it does fork if there are two bitcoins You're gonna have to double up your bitcoins, right? And then you decide which chain do you want to stay on same thing with Ethereum Ethereum classic and without a shadow of a doubt I do believe if this fork does happen. Yes for a long period of time. There's gonna be uncertainty There's gonna be a loss of trust loss loss of faith when it comes to the immutable ledger that was Bitcoin However, I do believe it'll rebound even stronger because now each side will get what they want This side will get their technological aspect That's how we'll get their technological aspect and both will scale how they want to scale and I think it's gonna skyrocket from there There you have it. That's kind of like my idea around will Bitcoin hit 10,000 like always guys I do want to state this cautionary tale. Please. Please listen Always invest what you can lose always invest what you can lose. That's number one Number two, don't blindly invest understand what you're investing in understand the team understand the technology understand the problem It's no different than investing on startup number three Don't keep your cryptocurrency and tokens online use a hard wallet. I have a link below this my favorite is ledger There's other ones you can use. I'm gonna post any of those. That's the one I personally like Number four. Okay. Once again, don't invest what you can't lose and guess what number five is don't invest What you can't lose and simple as that. Okay guys, those are my thoughts If you have any suggestions or comments for me leave a suggestion to comment below this video and I'll talk to you guys soon. Peace