Bitcoin's Non-Confiscatability Makes it a Valuable Asset, Says BCA Research

Bitcoin 's gold-like ability to resist any form of seizure makes it a valuable asset for the long term, according to BCA Research, which calls for the world's largest cryptocurrency to eventually rally to more than $100,000.

Even in the event that a government bans bitcoin, it would not be confiscation as long as there remains a global network of bitcoin holders who value their tokens for its "non-confiscatability," Joshi said. "The bitcoin price will rise well into the $100,000s as the market value for non-confiscatability grows substantially and bitcoin's share of this market grows substantially," Montreal-based BCA Research said. BTC.

Source: Digital Coin News (digitalcoinnews.net)

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