10 bitcoin experts predict price for the coming months.
Bitcoin already peaked (for the time being) easily above $ 10,000 per BTC. Including Bitcoin Cash and Bitcoin Gold, the return is even higher. There are therefore many analysts who are afraid of heights. But it is far from illogical that Bitcoin can rise much more. We let 10 experts have their say.
Do we hear $ 1 million per BTC?
Casares, former director at PayPal and now CEO of Bitcoin wallet Xapo :
” The internet does not yet have a currency and urgently needs one .” He recommends putting 1% of your assets in Bitcoin and not looking at it for 10 years.
Blockchain CEO Peter Smith and former Snapchat investor Jeremy Liew see the price of Bitcoin rising even further than today:
“We believe Bitcoin’s exposure, liquidity and ease of transportation will continue to improve. We expect the number of Bitcoin users to rise from 6.5 million to 400 million in the coming years. The average user will own $ 25,000 worth of Bitcoins, according to them. 400 million users times $ 25,000 per user is a market value of $ 10,000 billion . ”
Top Wall Street Analyst Tom Lee :
“Bitcoin has been around for 7 years and has never been hacked. That is a ‘store of value’ that can count. To change 1 unit in Bitcoin’s blockchain you need over $ 30 billion. Bitcoin will be the gold – the safe haven – of the new generation. If Bitcoin can only gain 5% of the gold market, it means a price of $ 25,000 per BTC . But the low liquidity makes it difficult for large investors to buy Bitcoin. This can cause a liquidity spike at some point. And then Bitcoin can even rise to $ 75,000 per BTC . ”
According to Iqbal Gandham, Bitcoin must even rise to $ 1 million to even be livable.
The next 3 to 5 years, Bitcoin needs to rise to $ 1 million if people want to see Bitcoin as a worthy form of payment, Gandham says. But they are not going to pay with Bitcoins, but with Satoshi. A Satoshi is the smallest unit of a Bitcoin. According to Gandham, 1 Satoshi must have the value of 1 dollar cent for the general public to use it to buy a coffee or a bread, for example. This means that the Bitcoin must then be worth $ 1 million .
Steve Wozniak, Apple co-founder , strongly believes in Bitcoin:
“There is a finite number of Bitcoins that will ever exist. You can mine gold and continue to mine every year. To mine gold, you need investments. So gold is better than fiat money. But Bitcoin is a math miracle and no one can change math. That’s why Bitcoin is better than gold ”- said Steve Wozniak.
Ronnie Moas, from Standpoint Research who topped the list of the best stock pickers between 2008 and 2016 , is now targeting Bitcoin:
“There will only be a maximum of 21 million Bitcoins in circulation. Investors will fight for it in the future, “said Ronnie Moas.” When only 1% of the capital in cash, bonds, stocks and gold flows to Bitcoin and other cryptocurrencies, prices will explode again. ” – In the next decade, he even sees a price target of $ 25,000 to $ 50,000 .
Cathie Wood, CEO at Ark Investment Management , says crypto coins like Bitcoin and Ethereum are going to create a whole new world:
“The network value of Bitcoin and Bitcoin Cash combined is above $ 100 billion and it is growing fast. But the rating is still much lower than that of Apple or Amazon. And the idea can change the world much more than the two , Wood says. The financial world is not yet fully aware of how much crypto coins can change their world. Money will become free thanks to Bitcoin and the internet. ”
Billionaire Michael Novogratz was early on the deal regarding crypto. He already made a fortune with it:
“It’s just too interesting not to participate,” said the former successful hedge fund manager. He sees Bitcoin rising to $ 40,000 within the year .
And of course our vision should not be missing either :
“We continue to underline it: those who think the current total value of USD 200 billion mark a peak have not been paying close attention. We will only thoroughly evaluate this once we are close to USD 1,000 billion (and more).
Indeed, that is another 10-fold of the current market capitalization . In such a scenario, Bitcoin’s price is more likely to rise above USD 25,000 rather than drop below USD 2,500. Don’t let your head run wild. Just keep looking at the fundamentals and follow the money . ”
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