What do you believe the price of BTC could be in 2020?
With how volatile the cryptocurrency market is, the answer is anyone’s guess. Yet, many people in the cryptosphere love to speculate on just how high the prices of their favorite coins may rise.
We scoured the web to find out what the big names in the industry have predicted the Bitcoin price will be in the near future. Moreover, we reached out to experts in the space to see what their opinions were on the matter.
The answers we gleaned vary wildly—by 2020, some say 1 BTC will be worth $30,000, and some say it will be $1 million (read on to find out what this person will do if he is wrong…!)
It’s important to note that while many of these experts have used quantitative research and modeling to come to their respective price predictions, the cryptocurrency market is still incredibly volatile. Since it is all wild speculation, remember to take these predictions with a grain, or perhaps a barrel, of salt.
Only time will tell us who was way off mark, and who predicted correctly, if anyone!Sam Doctor, Quantamental Strategist at Fundstrat Global Advisors
We expect the mining economy to grow over the next several years, and project a BTC price of ~$36,000 by year end 2019 based on the historical average 1.8x P/BE multiple.
SourceThomas Lee, Co-Founder and Head of Research at Fundstrat Global Advisors
We still feel pretty confident that bitcoin is a great risk-reward and we think it could reach $25,000 by the end of the year.
SourceJohn McAfee, Founder of McAfee Associates
When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions.
I now predict Bitcoin at $1 million by the end of 2020. I will still eat my dick if wrong.
Bitcoin’s price can be anywhere in 5 years, from $10,000 to $100,000...