Bitcoin is undoubtedly one of the hottest discussion right now as it has been one of the most significant investments of the 21 century. No wonder why people want to know where BTC is headed and if it can hit $25,000.
Both early investors, who managed to make millions, and newcomers, who want to build their wealth, believe in Bitcoin and are betting it is headed in the right direction. But what do cryptocurrency traders, business magnates as well as wealthy investors think about Bitcoins price?
Bitcoin Price Prediction in 2019
Everyone remembers Bitcoins highest peak back in December 2017 when it reached $20,000 per coin. Despite losing more than half of its value with a current $8,700 per coin, people believe that Bitcoin will continue with its massive gains.
Investors claim Bitcoin is here to stay for a long time. After all, it was worth only $0,06 per coin when it debuted in 2009. Ten years later, one Bitcoin is worth around $8,700, and its limited supply makes people wonder where that price will go.
Can Bitcoin Hit $25,000?
If you ask the founder of McAfee Associates, John McAfee, Bitcoin will not only hit $25,000 within the next two years, but it will reach $1 mln by 2020. This is a rather bold and wild price prediction, but he has a bet that if BTC doesn’t reach $1 mln, he will dine on his man parts.
According to the co-founder of Fundstrat Global Advisors, Tom Lee, Bitcoin will reach $91,000 per coin by 2020. On the other hand, Ronnie Moas, the founder and director of research at Standpoint Research, believes BTC would be able to make it to $50,000 by 2020.
Everyone who is currently interested in Bitcoins price prediction has a theory of his own. So, let’s take a look at what we know for sure.
More and more people are interested in investing in Bitcoin, which can only mean one thing. Due to the limited supply of only 21 mln coins and the high demand, BTCs price can only go up. However, it is impossible to make an accurate prediction because this coin is notorious for its meteoric rise over a short amount of time.
Some crypto traders believe Bitcoin will worth $150,000 per coin by 2025. Other think, BTC will be million in the near future. The further we move away from the present, the more difficult it is to make a prediction.
But let’s take a look at how far some of the biggest names in the crypto sphere think Bitcoin could go.
Bitcoin Price Prediction 2019
- Masterluc – $40,000 to $110,000
Bitcoin Price Prediction 2020
- John McAfee – $500,000
- Tom Lee – $91,000
- Ronnie Moas – $50,000
Bitcoin Price Prediction by 2030
- Wences Casares – $1 mln (by 2027)
- Kay Van-Petersen – $100,000 (by 2027)
- Kim Dotcom – $100,000 (by 2030)
- Jeremy Liew – $500,000 (by 2030)
Other Bitcoin Price Prediction
- Chamath Palihapitiya – $1 mln (by 2037)
- Mark Yusko – $400,000 (no date)
- Roger Ver – $250,000 (no date)
- Hamath Palihapitiya – $1 mln (after 2030)
- Tai Lopez – $60,000 (mid-term)
Traders, сnvestors as well as business magnates are positive about Bitcoin in the long run not only because of the above-presented information but because it is the first cryptocurrency and it is also the most recognizable name in the crypto sphere.
With this in mind and thanks to the recent advancements made by Bitcoin, it is easy to assume that all those predictions might be possible. Bitcoin has indeed the potential to break through $25,000 and even more.