Bitcoin Price Predictions: Top Analysts Predict Where Bitcoin Will Be in 1, 2, 5, 10, or 20 Years
Everyone has a different idea of where bitcoin will go next. Some people believe bitcoin will be worth $0 in the near future. Others think it will be worth $1 million – or even more. Nobody knows where bitcoin is going to go next. Ten years ago, few people thought bitcoin was going to be worth more than a few pennies, then parity with the dollar happened then $19,891 BTC/USD did.
The truth is, no one knows what the price of bitcoin will ever be, on any given day, but boy do people sure love to guess with almost no conscience. These estimates from experts or analysis by traders may have inherent value based on good reason and decorated history in them, no one can accurately forecast the future value of bitcoin. The design of this bitcoin price prediction guide is meant to be easily followed for optimal comparing and contrasting of what the latest influencers and traders have thrown out there, whether 1, 2, 5, 10 or 20 years from now.
So where is bitcoin going next? Where will bitcoin be at the end of 2019? Where will bitcoin be in 2020? 2025? 2050? Everyone has different opinions. Today, we’re summing up the most popular bitcoin price predictions from across the cryptocurrency and financial world.
John McAfee: $1 Million
John McAfee predicts that bitcoin will be worth $1 million by the end of 2020. McAfee has a history of making outlandish predictions that occasionally turn out to be true, although this prediction seems particularly outlandish. In 2017, for example, McAfee claimed bitcoin would be worth $5,000 by the end of 2017. It peaked near $20,000 that year.
John McAfee also has skin in the game. In mid-2017, McAfee boldly announced that he would, “Eat his own dick on national television if bitcoin doesn’t reach $500,000 by 2020.” Yikes. By November 2017, with the price of bitcoins surging to unprecedented heights, McAfee doubled his prediction, claiming once again that he would “Eat his dick on national television” if the price of bitcoin did not reach $1 million by the end of 2020.
We have until the end of 2020 to determine if John McAfee is correct. However, bitcoin certainly has a long way to go to reach the $1 million mark in less than two years. McAfee might want to start booking a national television timeslot now – although he might have trouble finding a network willing to feature him performing the unspeakable act.
Jack Dorsey: Bitcoin Will Become the World’s Single International Currency
Jack Dorsey, the co-founder of Twitter, has previously been outspoken about his price predictions for bitcoin. Dorsey has a major stake in bitcoin and seems to own quite a bit of it. He’s also an investor in Lightning Labs, the company behind the Lightning Network for BTC, investing $2.5 million in seed capital into the company in March 2018.
Dorsey is extremely bullish on bitcoin in the long-term, claiming that it will ultimately become the world’s single currency. Dorsey believes this transition could happen “probably over ten years, but it could go faster.” Dorsey has added that bitcoin does not currently have the technological capabilities to be used as a currency: it needs more speed and scalability, for example. However, he expects new technologies – including the Lightning Network – to enhance bitcoin’s usability over time.
Dorsey hasn’t issued a specific price point for bitcoin in terms of where he expects the currency to be.
Chamath Palihapitiya: $100,000 to $1 Million
Former Facebook employee turned venture capitalist Chamath Palihapitiya predicts that bitcoin will be worth $1 million by 2037. While other crypto evangelists are giving near-term price predictions, Palihapitiya’s prediction goes 20 years into the future.
Palihapitiya was born in Sri Lanka and raised in Canada. Today, he’s a co-owner of the Golden State Warriors and founder of Social Capital, a venture capital firm with more than $1.2 billion under management. Palihapitiya bought his first bitcoin back in 2020. At the time, Palihapitiya claimed to own approximately 5% of all bitcoins in circulation.
It’s not clear how much bitcoin Palihapitiya owns today. If he owned nearly 5% of bitcoin in circulation back in 2012, for example, then it’s possible that Palihapitiya owns anywhere between 400,000 and 1 million bitcoin today, depending on how much he has sold or purchased over time. That would make him very easily a crypto billionaire.
Palihapitiya recently provided a nearer-term price prediction, claiming that bitcoin will be worth, “$100,000 a coin probably in the next three to four years.” In the distant future, however, bitcoin will be worth one million dollars per coin: “And I think it is in the next 20 years a million dollars a coin.”
Palihapitiya has a history of making accurate price predictions. In September 2013, when BTC was trading at $135 per coin, Palihapitiya tweeted that BTC would be worth $200 by the end of the year. BTC eventually reached the $1,000 mark for the first time just two months later.
Why is Palihapitiya so bullish on bitcoin? He claims bitcoin is a “fantastic hedge and store of value against autocratic regimes and banking infrastructure that we know is corrosive to how the world needs to work properly.”
Roger Ver: $250,000
Roger Ver is one of the best-known evangelists in the crypto space. Seen as a controversial figure by some, Roger Ver bought a bunch of bitcoin in early 2011 when it was priced at under $10. He claims he recognized the potential of bitcoin from the early days.
Ver has a history of making bold price bets. In 2011, he bet $10,000 that bitcoin would outperform gold, silver, the U.S. stock market, and the U.S. Dollar by a factor of 100 within the next two years. Ver was just slightly off on his price prediction, missing the mark by two months. Bitcoin beat the markets by a factor of 100 within 2 years and 2 months of Ver’s bold price prediction.
As for more recent price predictions, Ver predicted in 2015 that bitcoin could “easily be worth $2,500, or $25,000 per bitcoin, or even $250,000 per bitcoin.” At the time, bitcoin was trading at $250.
It’s also important to note that Ver believes Bitcoin Cash (BCH) is the true version of bitcoin today because it matches the project he started following in 2011. He believes BCH will eventually surpass BTC in price, number of users, and market cap, although that obviously has not happened yet. Today, Ver seems to be moving forward with the assumption that BCH will eventually reach a price of $250,000.
Tim Draper: $250,000
Venture capitalist and bitcoin evangelist Tim Draper tweeted in April 2018 that bitcoin would be worth $250,000 by 2022. As one of the most ardent bitcoin supporters in Silicon Valley, Draper has been bullish on bitcoin for years. In 2014, for example, Draper predicted that bitcoin would be worth $10,000 within four years, despite the fact that bitcoin was trading for just $472 at the time.
Draper also made one of the smartest public investments in bitcoin history, buying 30,000 BTC during the Silk Road auction in 2014. At the time, 30,000 BTC would have been worth around $20 million. At its peak, those BTC would have been worth as much as $500 million. Smart buy.
Draper’s “250,000 by 2022” prediction is so renowned, by the way, that he hung a large banner outside Draper University in downtown San Francisco announcing the prediction.
Tom Lee: $91,000
Tom Lee, an analyst at Fundstrat, has predicted that bitcoin will reach $91,000 by 2020. Lee made the unusually-specific prediction in March 2018 after analyzing the performance of past dips. Essentially, Lee argued that bitcoin rebounds after market dips.
Lee has made numerous price predictions over the years. In July 2017, Lee claimed that bitcoin would hit $55,000 by 2022, for example. In January 2018, Lee claimed BTC would be worth $25,000 by the end of the year. With bitcoin ending the year below $4,000, Lee’s final price prediction was incorrect. His price predictions for 2022, however, remain undecided.
Wences Casares: $1 Million
If you’re a bitcoin bull, then you just love reading these optimistic $1 million price predictions. Wences Casares chimed in with his own $1 million bitcoin price prediction in January 2018, when bitcoin was near its peak value. Specifically, Casares claimed that bitcoin would be worth $1 million by 2027.
Casares is an Argentinian tech entrepreneur who launched Argentina’s first ISP back in 1994. More recently, he has served as a board member at PayPal. He’s also the founder and CEO of bitcoin wallet startup Xapo, which aims to become the world’s largest bitcoin custodian.
Casares purchased his first bitcoin in 2011 while searching for a way to stay insulated from Argentina’s volatile national currency. As the Argentinian Peso has tanked over the years, Casares usage of bitcoin as a hedge against inflation is looking increasingly wise.
In any case, Casares has publicly stated that he believes bitcoin is going to be worth $1 million:
“If it fails, it will be worthless,” he said in May 2017. “If it succeeds, in five to seven years it [one bitcoin] will be worth more than a million dollars.”
Casares repeated the prediction during a January 2018 interview with Dan Schulman, CEO of PayPal. The two agreed that bitcoin could eventually be worth $1 million. Schulman added that once bitcoin reached a price of $1 million, investors will be kicking themselves for not buying when bitcoin was $14,000 to $20,000.
Tai Lopez: $60,000 to $1 Million
Tai Lopez got into bitcoin later than virtually anyone else on this list, reportedly purchasing his first bitcoin in December 2017 when bitcoin was at its all time high. It’s unclear exactly how much bitcoin Tai Lopez owns, or how much he paid for that bitcoin. However, anyone who bought bitcoin in December 2017 has lost a considerable amount of money to-date.
Tai Lopez, who is best-known for his YouTube videos, his ‘Lamborghini in my garage’ commercials, and his book club, has made several specific price predictions for bitcoin.
“If the world’s millionaires allocate merely 1 percent of their holdings into bitcoin, the bitcoin price could reach $60,000 in the mid-term,” explains Lopez.
In other videos, Lopez upgrades that price prediction even further, claiming that bitcoin will be worth $1 million by 2024.
Cameron and Tyler Winklevoss: $120,000 to $160,000
Cameron and Tyler Winklevoss rose to prominence after being involved with Mark Zuckerberg during the early days of Facebook, eventually reaching a $65 million settlement in a controversy featured prominently in The Social Network. After their involvement with Facebook, however, Cameron and Tyler Winklevoss got into cryptocurrency in a major way, launching their own crypto exchange called Gemini. In 2013, the Winklevoss twins claimed to own more than 1% of all bitcoin in existence, amounting to more than $1 billion at the time (and considerably more today).
Moving forward, the Winklevoss twins claim bitcoin has significantly more room to grow. In a CNBC interview from mid-2018, the twins argued that the total market cap of bitcoin could reach as high as $6.8 trillion:
“If you look at a $100 billion market cap today, now last week it might have been more like 200, so it’s actually a buying opportunity, we think that there’s a potential appreciation of 30 to 40 times because you look at the gold market today, it’s a $7 trillion market. And so a lot of people are starting to see that, they recognize the store of value properties. So we think regardless of the price moves in the last few weeks, it’s still a very underappreciated asset.”
When asked how long it would take bitcoin to grow 30 to 40 times its current value, the Winklevoss twins claimed it would take 10 to 20 years. In other words, the Winklevoss twins believe bitcoin will reach a price of $120,000 to $160,000 by 2028 to 2038.
Joe Davis: $0
Most of the analysts featured on this list are optimistic for the future of bitcoin, with estimates ranging from $5,000 to $1 million. It’s always good to show both sides of the spectrum, however, and that’s why we’re highlighting Joe Davis’s price prediction of $0.
“As for bitcoin the currency? I see a decent probability that its price goes to zero,” explained economist Joe Davis in an opinion piece written in May 2018. Davis is a senior economist at the Vanguard Group, the $5 trillion investment fund and the largest mutual fund provider in the world. Some of the problems Davis has with bitcoin include its lack of usability and its poor function as a store of value. During times of crisis, Davis believes investors will flock towards tried-and-true assets as a store of value – not unproven stores of value like bitcoin.
Bill Gates: $0
Bill Gates also seems to predict that bitcoin will go to $0. Gates has always been a noted critic of bitcoin. He even trashed the world’s largest digital currency after he received bitcoin as a birthday present several years ago.
“As an asset class, you’re not producing anything and so you shouldn’t expect it to go up. It’s kind of a pure ‘greater fool theory’ type of investment… I agree I would short it if there was an easy way to do it.”
Bill Gates hasn’t specifically said that the price of bitcoin will drop to $0. However, he clearly sees no real future for bitcoin as an asset and seems to believe it will become value-less in the near future.
Fran Strajnar: $200,000
Fran Strajnar has one of the more immediate price predictions on this list. Strajnar claims that we’ll see bitcoin priced at $200,000 by the end of 2019 – which is bold given that bitcoin has hovered between $3,500 and $4,000 for most of 2019 to-date.
Why is Strajnar, the CEO of crypto media platform Brave New Coin, so optimistic? Here’s how he explained it:
“The adoption rates are continuing to be quite steady, and adoption rates heavily correlate to the price, so therefore, unless for some reason people just simply stop continuing to adopt Bitcoin, we should see $200,000 per Bitcoin by 1st January 2020 at the latest. Hashrates, number of wallets, apps, dapps … all that infrastructure is just steadily increasing, so adoption is most definitely happening and a lot easier to quantify, so we’re fairly confident with the fundamentals of Bitcoin, and we’re questioning a lot of the fundamentals of the [initial coin offerings].”
Strajnar believes strong infrastructure and fundamentals will lead to a skyrocketing price of bitcoin by the end of 2020. Strajnar previously predicted that bitcoin would be worth $20,000 by 2020, when it actually reached that mark three years sooner, in December 2017.
Kay Van-Petersen: $100,000
Kay Van-Petersen is a financial analyst at Saxo Bank Group with over a decade of financial market trading and analysis experience. Today, he specializes in crypto analysis, and he believes bitcoin will be worth $100,000 by 2028.
Van-Petersen is confident that the crypto market will explode over the next decade. He believes crypto will eventually account for 10% of all daily currency trading volume, competing with fiat currencies as a dominant global currency. Unblock.net did the math on this prediction. Today, $5 trillion of fiat currency is traded daily. If bitcoin captures 10% of that volume, and accounts for about 35% of the crypto market share, then bitcoin will have $175 billion of trading volume. Dividing by the number of bitcoins issued by 2028, which will be 17 million, leads to a valuation of $100,000 per coin.
Van-Petersen’s employer, Saxo Bank, has a history of making accurate price predictions. Saxo Bank predicted that bitcoin would hit the $2,000 mark in 2017. By the end of the year, bitcoin was worth $20,000.
Unlike other price predictions on this list, it’s refreshing to see Kay Van-Petersen’s price prediction backed by concrete financial analysis – not random numbers chosen for arbitrary reasons.
Kenneth Rogoff: $100
Kenneth Rogoff was asked where he sees bitcoin in 10 years. He believes it’s more likely to be worth $100 than anything else:
“I think Bitcoin will be worth a tiny fraction of what it is now if we’re headed out 10 years from now… I would see $100 as being a lot more likely than $100,000 ten years from now.”
Rogoff is the former head of the International Monetary Fund and a current Harvard University professor. One of the main reasons Rogoff sees a problem with bitcoin is because of its limited utility:
“Basically, if you take away the possibility of money laundering and tax evasion, its actual uses as a transaction vehicle are very small.”
Michael Novogratz: $3,000 to $6,000
Former Goldman Sachs partner and hedge fund manager Michael Novogratz has kept himself in bitcoin headlines regularly with his bold price predictions. Novogratz has left his traditional Wall Street positions behind to focus on bitcoin full time. He is no longer a hedge fund manager at Fortress Investment Group, but is now the CEO of crypto investment firm Galaxy Investment Partners.
Unfortunately, Novogratz’s recent price predictions have been largely inaccurate. Novogratz predicted that bitcoin would be worth $40,000 to $50,000 by the end of 2018, for example. Bitcoin ended the year under $4,000.
In mid-December 2018, Novogratz revised his position, claiming that BTC’s price would not sink any further, hovering somewhere between $3,000 and $6,000. So far, Novogratz has been proven right.
Where does Novogratz see crypto going next? Novogratz claims by Q1 or Q2 2019, we’ll start to see institutions entering the crypto space, encouraging prices to move upward to new highs.
Novogratz’s investment firm, meanwhile, lost $136 million in the first three quarters of 2018.
Max Keiser: $100,000
Max Keiser, a partner at Heisenberg Capital, has made several price predictions on Twitter. In 2017, as bitcoin prices were rising rapidly, Keiser predicted that bitcoin would surpass the $17,000 mark by December – something that ultimately came true as bitcoin reached its all time high of $20,000 that month.
However, Keiser missed on a separate prediction, claiming that bitcoin prices would continue rising to $100,000 in 2018 before plummeting back to $28,000 in a market correction. Neither of those predictions became true, obviously, and Keiser has not made a new price prediction since.
Vinny Lingham: $100,000 to $1 Million
Vinny Lingham, co-founder of Civic and member of the Bitcoin Foundation, believes bitcoin could be worth anywhere from $100,000 to $1 million:
“Bitcoin currently is priced at 2.5% chance of being worth $100k of .25% chance of being worth $1m,” wrote Vinny Lingham on Twitter all the way back in June 2017.
Lingham added that bitcoin “can never go to a penny,” and claims it will always be worth something. However, it’s not totally clear what Lingham meant by his prediction. Did he mean that bitcoin has a 2.5% chance of shooting for the moon and breaking $100k? Or does he mean that bitcoin has a 97.5% chance of being worth somewhere between $0.01 and $100k?
MasterLuc: $40,000 to $110,000
MasterLuc is an anonymous bitcoin trader known for making some surprisingly accurate predictions. He rose to fame within the online crypto community in 2013 after predicting the bull runs in both April and November of that year. MasterLuc also predicted the eventual bear market after that historic bull run, claiming that the next time to buy bitcoin would be 2016-2017.
In May 2015, MasterLuc added to his legend even further, claiming that another bitcoin bubble would likely occur around May 2017. That prediction, of course, would turn out to be almost exactly accurate, as bitcoin would begin its legendary bull run in March 2017.
Where does MasterLuc believe bitcoin will go next? In 2018, MasterLuc issued a prediction on TradingView claiming that the next bitcoin bubble would see prices ranging from $40,000 to $110,000. He believes the bubble will occur in 2019:
“So taking into account that correlations [between 2013 and 2017] I announce drammatical [sic] price rise from approximately $40,000 USD in quick and pessimistic version to more than $100,000 USD and prolonged optimistic version.”
Trace Mayer: $21,600
Typically, bitcoin price analysts don’t predict the price of bitcoin down to the dollar. Trace Mayer, however, differentiated himself from the pack when he predicted in October 2017 that bitcoin would reach a high of $27,395 by February 2018. That prediction, of course, was completely incorrect, as the price of bitcoin collapsed soon after.
In September 2018, Trace Mayer issued a new bitcoin price prediction, claiming that bitcoin would hit $3,000 within the coming months, citing analysis provided by his Mayer Multiple figure. Mayer’s system predicts that bitcoin could reach a high of $21,600 by the end of 2019, which would be a new all time high for the cryptocurrency.
John Pfeffer: $700,000
John Pfeffer believes that bitcoin could eventually reach a $700,000 when it comes the preferred store of value over gold:
“Bitcoin is the first viable candidate to replace gold the world has ever seen. So, if bitcoin becomes the dominant non-sovereign store of value, it could be the new gold, or new reserve currency,” explained Pfeffer.
Pfeffer claims that as bitcoin replaces gold as a store of value, it could reach a price of $90,000 in the near future, eventually rising to $700,000 as its usage becomes more common. However, Pfeffer added a word of caution to his price prediction, claiming that there’s an 8% chance of BTC reaching $90,000 and a 1% chance of it reaching $700,000.
Spencer Bogart: $3,500 to $50,000
Spencer Bogart, a partner at Blockchain Capital and a Chartered Financial Analyst (CFA) is widely praised across the crypto industry for his thorough analysis. He’s a regular speaker at industry events and crypto startup functions. He’s also one of the most active bitcoin analysts on Wall Street. In 2018, Bogart predicated that the price of bitcoin would rise to $50,000 by the end of the year, fueled by the entry of new institutions into the space.
Obviously, with bitcoin below $4,000 at the end of 2018, Bogart’s prediction turned out to be incorrect. Bogart also called the bottom of the bitcoin market in October 2018, when bitcoin still had room to fall. In February 2019, with bitcoin sitting at around $3,500 to $4,000, Bogart claimed it was a good time to buy bitcoin in an interview with Bloomberg, although he wasn’t sure if it was the absolute bottom:
“Bitcoin never left, it has been always been here. So is it back? It definitely is! Are we ready to see new all-time highs, probably not yet. I still feel there are a few more regulatory shoes to drop. I think now is a very good time to buy. Is it the absolute bottom? Not sure.”
Bogart believes bitcoin’s network effect and utility will allow it to continue as the reigning champion of the crypto space.
Murad Mahmudov: $20,000+
Murad Mahmudov, host of ‘On the Record’ believes bitcoin will reach a new all time high at some point in late 2020, although he declined to predict a specific price point. The prediction took place in a discussion between Mahmudov and Tone Vays. The two agreed that there’s a 40% chance of seeing a new all time high in 2020, increasing to a 45% chance of seeing a new all time high in 2021.
Jeet Singh: $50,000
Crypto fund manager Jeet Singh was yet another analyst who made an unfortunate price prediction in 2018, claiming that bitcoin would go as high as $50,000 by the end of the year.
“Bitcoin could definitely see $50,000 in 2018…We will probably go through a suffering period of volatility around the time of Bitcoin’s next $10,000 landmark.”
Singh has been active in the crypto space since 2012. Although he seems optimistic about future price movements of bitcoin, he also cautioned that crypto prices were extremely volatile. Nevertheless, Jeet Singh doubled down on his prediction, arguing in November 2018 that bitcoin could reach $50,000 by the end of 2018. It’s unclear where Jeet Singh believes the price of bitcoin will go next, as he has not publicly disclose a price prediction since.
Llew Claasen: $40,000
Llew Clasen, executive director of the Bitcoin Foundation, predicts that the price of bitcoin will be $40,000 by the end of 2018, although he also said he expects to see continuing heavy volatility for crypto markets over the coming years. Claasen argues that movements of 30% to 40% will be normal, and that 90% of altcoins will end up being totally worthless. Llew Claasen’s prediction of a $40,000 BTC price by the end of 2018 was proven incorrect, obviously, and he has not made any further public price predictions.
David Drake: $30,000
David Drake, founder and chairman of investment firm LDJ Capital, gave a speech about cryptocurrencies at the G20 summit in 2018. Drake’s speech explained how the market cycle of crypto in 2018 was a “cold winter” and believed the price would rebound before the end of 2018. Drake specifically claimed that bitcoin would be price at $30,000 by the end of 2018. It was trading at around $9,000 when Drake made his speech.
Drake also predicted in early 2018 that the crypto bear market would be over shortly:
“At that point, prices will go off and I think that’s going to happen around March or April,” explained Drake in early March 2018.
Drake’s prediction for 2018 ended up being incorrect. Since making his $30,000 BTC prediction, David Drake has not made another prediction.
Sonny Singh: $15,000 to $20,000
One of the most recent price predictions on this list comes from Sonny Singh, chief commercial officer at Bitpay, who is on record saying that bitcoin would hit a price of $15,000 to $20,000 by Thanksgiving 2019. Singh specifically cited things like a crypto ETF and an influx of funding for startups as reasons for optimism in the crypto space. He also claims bitcoin is the “800-pound gorilla” that enjoys the most notable “network effect” of all decentralized networks.
Ronnie Moas: $28,000
Crypto analyst Ronnie Moas predicts that bitcoin could reach $28,000 by the end of 2019. He believes bitcoin adoption rates will increase throughout 2019, and increased adoption will lead to increased demand with stable supply, therefore raising prices.
“Sad to watch the top 1% scare the crap out of you…separating you from your $BTC #bitcoin & keeping the gap between rich & poor…reiterating $28,000 target for end-2019,” explained Ronnie Moas on Twitter in September 2018.
Zhao Dong: $50,000
Zhao Dong is one of the biggest over-the-counter (OTC) bitcoin traders in China. Zhao has gone on record stating that bitcoin could reach $50,000 by 2021, claiming that today is the best time to invest in bitcoin. He believes investors who buy bitcoin today will see a yield of 100% to 200% over the next three years.
Anthony Pomplinao: $3,000
Anthony Pompliano predicted in November 2018 that bitcoin would drop as low as $3,000, but claimed it wouldn’t drop further than that. Pomp predicted that bitcoin’s trading activity would turn bullish in 2019, something that has not yet happened. One reason for optimism, according to Pompliano, is a chart showing that the number of bitcoin wallets has increased steadily over time. Pompliano has also repeatedly called bitcoin the world’s best-performing asset over the last 10 years.
Arthur Hayes is the CEO of BitMEX, one of the world’s largest crypto exchanges by trading volume. You would think Hayes would have a bullish outlook on the world’s largest cryptocurrency. However, Hayes may be one of the most accurate analysts on this list. In early 2018, Hayes predicted that bitcoin would reach $50,000 by the end of the year. Hayes later retracted that claim, however, claiming that bitcoin would drop to lows of around $3,000 and remain that low throughout 2019.
David Mondrus: $1 Million
David Mondrus is the current CEO of fake news finding platform Trive. He previously worked at Bitcoin Magazine, served as CTO of Bigstar.com, and CEO and Employee #5 at Bigfoot.com. Mondrus and his wife are best-known in the crypto space, however, for being the first couple to get married on the blockchain.
Mondrus believes bitcoin has as bright a future as his marriage. Mondrus claims bitcoin could reach a value of $1 million in about a decade, claiming that demand will continue rising as fewer and fewer new coins are minted:
“Do you think that the US government will ever stop printing money? There are only 21 million Bitcoins that can possibly be in existence — 16 million of them already exist. […] When that mining stops or when it slows down dramatically, that’s when the value really increases because there is no more supply to be created,” he said in an interview.”
Mondrus made the prediction in a statement to CBS News in November 2017.
BeInCrypto: $1,500 to $50,000
Cyrpto news media outlet BeInCrypto recently added its own price prediction to the mix of online opinions. In February 2019, BeInCrypto officially released its price prediction for 2019, 2020, 2021, and 5+ years from now. BeInCrypto believes that bitcoin will be priced between $1,500 and $4,650 by the end of 2019, for example, with the lower number being the worst case scenario and the higher number being the best case scenario.
In 2020, BeInCrypto believes bitcoin will be worth $2,400 to $8,000, rising to $1,900 to $30,000 by 2021. Within 5 years, bitcoin can either be worth less than $1,900 or more than $50,000, according to BeInCrypto’s analysis. These predictions might be the largest price range we’ve seen.
CoinPredictor: $1,900 to $5,500
CoinPredictor, found online at CoinPredictor.io, has an event-based forecast algorithm it uses to predict the likely future price of bitcoin. By analyzing positive and negative upcoming crypto events, CoinPredictor believes that bitcoin will continue rising throughout 2019.
CoinPredictor believes bitcoin will be priced at around $4,600 by the end of March 2019, for example, based on analysis of future crypto events, with bitcoin eventually rising to $5,470 by May 2019. By June, bitcoin’s price will have retreated to around $4,000.
CoinPredictor’s other algorithm is a price-based forecast algorithm, which is significantly more bearish than the event-based forecast algorithm. The price-based forecast algorithm estimates that the price of bitcoin will sink to a low of $2,300 by April 2019, followed by a continued drop to $1,900 by June 2019.
Bobby Lee: $333,000
Bobby Lee is the co-founder of BTC China and YourBTCC. He’s also a Board Member of the Bitcoin Foundation. Lee has a history of making oddly specific price predictions for bitcoin.
In late 2018, Bobby Lee predicted that bitcoin would bottom out at $2,500 sometime in January 2019, setting the stage for a bull run throughout the rest of 2019 and into 2020. By December 2021, Lee believes that bitcoin will reach a peak value of $333,000 before crashing all the way back down to $41,000 by January 2023.
Lee made these predictions on Twitter in December 2018.
Sam Doctor ($20,000 to $64,000)
We cited Sam Doctor’s colleague, Tom Lee, up above. Sam Doctor is an analyst at Fundstrat who believes bitcoin can reach a price anywhere from $20,000 to $64,000 in 2019. Doctor claims that bitcoin will reach a high of $36,000 by the end of 2019, with possibilities of the high reaching all the way up to $64,000. Doctor does not see the value of bitcoin dropping below $20,000 after reaching these highs. Doctor also claims that the “fair value” of bitcoin is currently between $14,000 and $15,000.
Doctor has an even bolder prediction for the distant future, claiming that bitcoin will be worth as much as $150,000 per coin as soon as bitcoin wallets account for 7% of the 4.5 billion accounts currently held by Visa.
Wheatley Model: $2,352.03
Forbes recently published an article on the Wheatley Model’s price predictions for bitcoin. That model shows that the price of bitcoin could sink as low as $2,352.03 in 2020. The model used factors like weakening demand and lower usage as reasons that bitcoin could continue to sink.
Hayes Model: $55,931.60
In the same Forbes article linked above, researchers ran bitcoin’s data through a separate model called the Hayes Model. This model predicted a more positive future for bitcoin, predicting a price of $55,931.60 by 2020. As bitcoin’s supply slows and mining difficulty increases at 7% per month, the price of bitcoin will rise to a high close to $56,000 by the end of 2020.
Justin Sun: $3,000 to $5,000
TRON CEO Justin Sun loves sharing his opinions with the crypto community. The outspoken CEO predicted in February 2019 that bitcoin would trade between $3,000 and $5,000 for the remainder of 2019. Sun also claimed that the bear market is finally over, although he cautioned that a major price surge is unlikely until at least three years have passed.
Mark Yusko: $75,000 to $500,000
Mark Yusko, founder of Morgan Creek Capital Management, predicted in April last year that bitcoin could hit $75,000 per coin by 2020. Yusko’s prediction was made in April 2018, before the bear market had truly started to grip bitcoin.
Yusko claimed that bitcoin was “just getting warmed up”, writing that bitcoin would be worth $25,000 by the end of 2018, $75,000 by the end of 2020, $200,000 by the end of 2022, and $500,000 by the end of 2024. Yusko’s first prediction has obviously not come anywhere close to being true, but we’ll have to wait to determine the outcome of the other predictions.
Jim Blasko: $100,000 to $200,000
Bitcoin Talk Radio founder Jim Blasko has a bullish stance on bitcoin, claiming that bitcoin will rise to a price between $100,000 and $200,000 by the end of 2020 or early 2021. As reported by TheStreet, Blasko’s prediction is based on the fact that bitcoin’s mining reward will be cut in half from 12.5 BTC per block to 6.25 BTC, leading to an increased price of bitcoin with lower supply and surging demand.
CryptoGround: $3,500 to $21,457
Crypto news media website CryptoGround has released its own bitcoin price prediction algorithm that uses historical price data to determine the price of bitcoin in the near and distant future.
That algorithm predicts that bitcoin will remain relatively stable for the first half of 2019, fluttering between $3,500 and $4,000 until the end of summer. By August or September 2019, however, that algorithm predicts that bitcoin will be worth $4,600, rising to $5,600 by March 2020. In 5 years, by 2024, the CryptoGround algorithm predicts that bitcoin will be worth $21,457.
Conclusion: Where Will the Price of Bitcoin Go Next?
Nobody knows where the price of bitcoin is going to go next. One thing is certain, however: no price prediction is too crazy.
Back in 2009 or 2010, anyone who claimed one BTC would soon be worth $20,000 would have been called crazy. Today, someone who claims bitcoin will be worth $200,000 or $500,000 or $1 million may be called crazy. Alternatively, someone who claims bitcoin will be worth $0 or $100 could also be labeled crazy.
The craziest thing about bitcoin is that any of these predictions stands a reasonable chance of being accurate. We’ll have to wait to found out which bitcoin price prediction reigns supreme – and which predictions are truly the crazy ones.
The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.
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