Will Bitcoin Go To $250k

#Bitcoin
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1. Durability
Currencies must be durable in order to be effective, coins and bills for instance. Are not the best in that way, since coins can be melted and get damaged overtime. Bills can easily be torn, let's say you have savings at your house, and your house would catch fire. You're never getting those bills back. Digital currencies, on the other hand such as bitcoin. Are extremely durable, since no physical harm can affect them since they are not, well, "Physical". That being said, people can lose their bitcoins if they lose their private keys, however, those bitcoins will not be destroyed, they will remain in records on the blockchain, however no one would be able to get them back.

2. Scarcity
For a currency or an asset to maintain its value, its supply should be in check. Very large supply of a currency can result in the decrease of the value of the asset or even economic collapse.
Here's where bitcoin shines, bitcoin is a decentralized form of money. Which means that, no one person/entity can print as much bitcoin as they want on demand. Instead, the creator or creators of bitcoin, have created it with a maximum supply of 21M bitcoin.

3. Divisibility
The Us dollar can be divisible up to 1 cent, or 1/100 of $1. Bitcoin, can be divisible up to 1 satoshi, which is 1/100,000,000 of 1 BTC.  Divisibility is crucial when it comes to bitcoin, because let's say the price of bitcoin reaches $1,000,0000 per coin.

4. Counterfeit-ability
Imagine that right now, you can copy your $100 bills in your copying machine, and you can go spend that money as you would spend real dollar bills. Then that money would be worthless! Bitcoin is also extremely difficult to counterfeit. Doing so is possible in one way, which is called double spend, which means that a user the same bitcoin in two or more separate transactions. And this is highly unlikely, because the only way this can be done is with a 51% attack, which requires SOOO much money, effort and massive computing power, making it extremely unlikely.

5. Movability
Is that even a word? Bitcoin, takes an average of 10-20 minutes to be transferred from one wallet to another . The beauty of it is that it does not go through multiple banks, and take multiple days, it can be transferred from your wallet to any other wallet around the world, within minutes. Although there are other cryptos that are way quicker and cheaper to transfer, this video is about bitcoin and that's why i'm only mentioning it.  

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