Bitcoin expert predictions
While this is a bold claim, his belief is based on the stock-to-flow model. Popular cryptocurrency analyst PlanB predicts Bitcoin will hit $288,000 by 2024. Willy Woo, Bitcoin researcher ($200,000 by the end of 2021)īitcoin, blockchain, and investing expert Willy Woo created Bitcoin price models that suggest Bitcoin can reach over $200k by the end of 2021, and can even go past $300k. Tom believes that investors will move their funds to Bitcoin in order to protect their wealth from things like inflation. Tom Fitzpatrick, Analyst at Citibank ($318,000 by December of 2021)
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Bitcoin expert predictions full#
Many cryptocurrencies, especially Bitcoin, are full of value according to Simon Dedic, a managing partner at Moonrock Capital. Simon Dedic, Co-founder of Blockfyre ($150,000 eventually) He believes this growth will come from Wall Street investors, largely because Bitcoin has been around for over 10 years now. One of the most prominent names in the space, Morgan Creek Digital co-founder Anthony Pompliano predicts Bitcoin may hit $100,000 by the end of 2021, with a $400,000 to $450,000 prediction in the long-term. “Our view is that we still believe the markets are pulled on the one hand by the inflation hedge story driving bitcoin higher while at the same time the global economy is suffering a massive demand shock with the potential to drive bitcoin lower.” – Gavin SmithĪnthony Pompliano ($100,000 by the end of 2021)
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From there, however, the asset should hit an all-time high come 2021, Smith said to Forbes. CEO of the Panxora exchange and digital ventures firm, Gavin Smith, believes the price will crash to $7,000 by year’s end. While the previous predictions have all been positive, one expert claims Bitcoin will fall before it rises again. Gavin Smith (All-time highs in 2021, he was right!) The CEO and Chief Investment Officer of Morgan Creek Capital Management believe Bitcoin will reach $100,000 by the end of 2021. If this penetration manages to reach 10%, its non-discounted utility price should reach nearly $400,000.” – Crypto Research Report, June 2020 The price of $7,200 at the end of 2019 suggests that bitcoin has penetrated less than 0.44% of its total addressable markets. “We believe that bitcoin is still at the very start of its adoption curve. Of course, this would be a repeat of the big blowup from late 2017, where the asset jumped from $7,000 to around $20,000 in a month.Įven bolder, however, is the report’s prediction that Bitcoin will hit $341,000 by 2025. The Crypto Research Report, a dedicated cryptocurrency analysis group, predicted in June that Bitcoin would hit near $20,000 by the end of 2020. They believe the long-term forecast will be driven by millenials.Ĭrypto Research Report ($341,000 by 2025) One of the biggest banks in the world is very bullish on Bitcoin, saying that it is taking luster from gold as an alternative investment opportunity.
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As the leading cryptocurrency on the market, many would state it’s the most important of the cryptos to invest in. Of all crypto price predictions, Bitcoin is the number one asset cryptocurrency investors pay attention to. This article reviews the latest price predictions for some of the most popular cryptocurrencies including Bitcoin, Ethereum, Ripple, and Chainlink. With such a ground-breaking and mature technology, many experts in the field believe cryptocurrencies can grow exponentially more. They also enable people to send money around the globe in seconds and at a fraction of the cost as today’s methods.īitcoin has been around for more than 10 years and now has reached a more mature global stage with regulated exchanges, over hundreds of millions traded every month, and highly traded derivatives such as futures and options. Bitcoin and blockchain technology have the chance to revolutionize our financial systems by creating a new “trust layer” which isn’t controlled by politicians or banks.