As the crypto markets continue to grow, so does the urge to make a Bitcoin price prediction. With the industry still in its infancy, setting expectations for future price peaks is a habit many investors and traders share.
In this article, we will go through some of the most popular BTC predictions, aiming to give you a better overview when it comes to the thoughts of business leaders. Then, you can take the information into consideration when setting your investment goals.
Unexpected Bitcoin price prediction 2020
This article will talk about the past and future of BTC price prediction. Have you ever wondered who has the best track record for Bitcoin price prognostication? Authoritative figures in the blockchain industry may be able to offer some answers. In the following chapters, we will discuss their claims in further depth.
When looking at 2020, the price of Bitcoin has managed to recover to the $10.000, following Anthony Pompliano’s August 2018 prediction. While he is not the only influential expert who managed to predict this recovery, he does have one of the most interesting articles that outlines the reasons for his prediction. You can (and should) read the article here. The author and serial investor now believes that we are on track for a $100k Bitcoin before the end of 2021.
Bitcoin price forecast 2019 – Looking back
Let’s review some of the most popular Bitcoin’s price predictions in 2019. We’ll see what several experts and institutions thought about Bitcoin’s price at the end of 2019.
Bayern LB believed that Bitcoin’s halving hadn’t yet been factored into its price and that it has become a store of value and a default world currency. Obviously, his Bitcoin prediction did not come true, but we may be getting ready to experience these levels of growth in the next year.
Mike Novogratz, Galaxy Digital $20k
The former Goldman Sachs fund manager and founder of Galaxy Digital, expected a big rise, to nearly $20k. His idea of recovery took a little longer to play out. Many analysts still believe that we will see Bitcoin reach its former ATH before the end of the year.
Sonny Sing, Bitpay
Sonny Singh, COO of Bitpay, believed that Bitcoin would regain its lost momentum from 2017, and realize all of its gains once more. This prediction was somewhat correct, as we saw BTC recover from its 2018 lows in a timeframe that exceeds 2 years at this point.
Calvin Ayre, Bitcoin Cash Founder
Calvin Ayre, the founder of Bitcoin competitor Bitcoin Cash, believed that Bitcoin would cease to exist in 2019, dropping to 0$. Many ridiculed him for this prediction and for good reason. The popular cryptocurrency is still standing, stronger than ever.
David Thomas, GlobalBlock
David Thomas is the director and co-founder at London based GlobalBlock. While he thought that 2018 was a “dreadful year” for Bitcoin, he thought the price of Bitcoin would settle between $8000 and $10,000 in 2019. By most, this is the best Bitcoin prediction as he was correct.
Bitcoin price prediction 2021. Growth as in 2017 again?
2021 is less than a quarter away and most people are extremely bullish. After its long-awaited halving, Bitcoin is now on track with its historical price patterns and is expected to increase in value over the next few months. The following prediction is scarily accurate when considering where we currently stand in the market:
Bobby Lee, BTCC
Bobby Lee, along with his brother Charlie, is the co-founder of BTCC, the Hong Kong-based Bitcoin exchange. At one time, he predicted that Bitcoin would take 20 years to reach $1m a Bitcoin. His Bitcoin price prediction today sees Bitcoin going to nearly $333,000 by 2021. It’s his belief that Bitcoin could even surpass gold in total market cap.
Tom Lee, Fundstrat
Tom Lee is the co-founder and head of research at Fundstrat, and he believes that Bitcoin’s halving event in May 2020 will allow the coin to reach new heights. He recently told Yahoo Finance his prediction is that Bitcoin will reach a high of $27,000 by the summer of 2020.
Tim Draper, Venture Capitalist
Tim Draper is the famous Venture Capitalist behind Hotmail, viral marketing, Baidu, and Tesla, look to see Bitcoin grow. He claims that the price of Bitcoin could hit as much as $250,000.
John McAfee, Entrepreneur
John McAfee is the internet entrepreneur and founder of McAfee antivirus is a huge proponent of Bitcoin. His Bitcoin prediction today is that Bitcoin might reach $1m a Bitcoin for the year 2020. He even made an odd bet and said he would eat…himself…if he was wrong. Though he has since retracted this bet, he still maintains his optimism about Bitcoin.
Fran Strajnar, Techemy
Fran Strajnar, CEO of Techemy, thinks that by the end of 2020, Bitcoin will be at $200,000 per coin. This is mainly because he believes the rate of adoption of Bitcoin will likely accelerate and will be directly proportional to its price. With its current rate of adoption, Fran might see his prediction come true!
Bitcoin price prediction 2025 and 2030. Fearless predictions and the new dollar
Bitcoin experts predictions start to get vaguer as we move further down the timeline. While there is a general understanding of where the market is headed, most believe that the price will settle somewhere within the 6 figures, as soon as it overtakes gold. Here is what authority leaders have to say about it.
Mark Yusko, Morgan Creek
Mark Yusko is the Chief Executive and Chief Operating Officer of Morgan Creek Capital Management believes that bitcoin will be at $250,000 by 2025 and thinks it will reach $300,000 by 2030! The main reason he believes this growth will occur is due to the growth of the Bitcoin network and its adoption on a global scale.
Wences Casares, Xapo and Paypal
Wences Casares is the founder of the Bitcoin wallet App Xapo and is also a board member on Paypal. Casares got involved in Bitcoin after seeing the volatility in his native country’s currency, the Argentinian Peso. Casares believes the price of Bitcoin will reach $1m between 2025 and 2027.
Jim Reid, Deutsche Bank
Jim Reid is an analyst at DB, and he thinks that there should be significant demand for cryptocurrency by the 2030s. Why? He thinks fiat currency is under significant pressure, and that pressure will crack by the time the next decade rolls around. He sees tremendous growth ahead for cryptos like Bitcoin.
Kay Van-Petersen, Saxo Bank
Kay Van-Petersen is an analyst at Saxo Bank, the Danish investment bank that helps with investing and trading on the internet. He thinks that Bitcoin’s price will be $100,000 sometime between 2025 and 2030.
Cameron Winkelvoss is one-half of the famous Winkelvoss twins, well known in the online world and in the Bitcoin community. They think that Bitcoin will reach a market cap of $5 trillion by 2035!
Bitcoin price prediction 2050. If any currency exists there?
When looking 30 years ahead, not many people are able to give a concrete answer. And who can blame them? Technology changes at a rapid pace. Here are two Bitcoin predictions by experts we managed to discover:
John McAfee introduced above and a Bitcoin optimist believes that in the not so distant future (perhaps is 2050 or beyond), fiat currency won’t exist. It will be a crypto world! So his Bitcoin forecast? Nearly unlimited – or at least – without serious competition.
Bill Gates has made no secret of his opinion. He believes Bitcoin will be valued at $0 in the future. Why? He doesn’t believe in the asset or technology. So far, even though he’s one of the world’s richest men, he’s been dead wrong about Bitcoin.
Do you know of any other Bitcoin value predictions in 2020? Make sure to let us know so we can update or further enrich this list with the latest information.