For a long time now we are in a phase which we cannot call it either a bear period or a Bull run. The excitement in the crypto market has been amiss for quite some time now.
This may be a fitting time to see what Crypto Gurus have predicted bitcoin price will reach…in that spirit, let’s look at some of the bold [and crazy] predictions made on Bitcoin price. These are the predictions made by some of the biggest names in the business.
Do not forget that Bitcoin Halving is just around the corner and this could be a big catalyst in pushing the price ceiling or market may have already priced the halving in, who knows!
On 29th November 2017, the leading British businessman and former founder of McAfee Associates made one of the bold predictions. He callee for a $1 Million by the end of 2020. He even went further to say that he will “eat his dick’ if the bitcoin fails to hit his Million prediction by the end of 2020. Will we witness a totally inappropriate pose on TV or a bitcoin miracle – well, we have to wait and see!
On April 2018 Tim Draper, a well known American Venture Capitalist, is predicted that bitcoin price will hit $250,000 per token by 2022 and possibly go beyond that. While this is saner than McAfee’s prediction – it still represents 30x returns from the price point today! Bitcoin has done much more than that in the past, so anything is possible…
Bitpay’s Chief Commercial officer, Mr. Sonny Singh, predicts bitcoin to surpass 20,000, its all time high in the year 2020. Bitcoin Halving that is bound to occur in May of this year will add fuel to the surge in bitcoin prices. He also went on to say that we may expect countries like Russia, India and China give more favourable verdicts on legalizing this digital revolution.
On 3rd Jan 2020 Co Founder of Nexo, Mr. Antoni Trenchev, in an interview with Bloomberg, said that he feels bitcoin could hit $50,000 by the end of 2020, and its easy for it to reach that mark.
He also believes that halving will have a big impact on bitcoin prices, which happens once in every 4 years.
In 2018, Lou Kerner, the founder of CryptoOracle, a venture capital, stated that if bitcoin can replace Gold as a ‘store of value’, it can easily get over $100,000 per token in about 3 years from now.
Sam Doctor, A strategist of Fundstrat, believes bitcoin to reach anywhere close to $36,000 by the end of this year.
Founder of Keiser Report a financial feature is very confident that bitcoin will surge to $100,000.
In 2019, Wences Casares, CEO of Xapo, a digital currency firm, predicted that bitcoin will shoot to $1 Million in about 7 to 8 years from now. As per Casares, this is possible as the adoption of bitcoin increases.
Cameron Winklevoss, one of the Winklevoss twins, predicted bitcoin to hit $40,000 back in 2013. Winklewoss brothers are considered to have a bitcoin networth of over billion dollars.
Thomas Lee the head of research at Fundstrat Global Advisors previously in 2019 predicted bitcoin to hit 40000 by the end of the year, which didn’t happen as we all know. Later he again stated bitcoin to reach somewhere between 25000 by 2022.
Thank you for reading the article. What is your take on these predictions?
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