Bitcoin price in the future
The Bitcoin price in the future will be higher for sure. If one takes the majority of all expert opinions, this conclusion simply falls. The only big question mark is: What will be the Bitcoin price in 2020? And what should we expect for the Bitcoin price in 2030?
BITCOIN PRICE IN 2020 – PREDICTIONS BY 10 EXPERTS
1. Dr. Nouriel Roubini says $0
The American economist Nouriel Roubini, also called Dr. Doom, is one of the biggest critics when it comes to cryptocurrency. Last summer, he tweeted a statement from US President Donald Trump. “Donald Trump is right to say that cryptocurrencies have no fundamental value!”. Lately he became very quiet. One reason might be, that only precious metals have real fundamentals. It is all too often concealed that our stock markets live on fantasy.
2. Peter Schiff says $1k
Goldbug trader and US economist Peter Schiff stated, that the US stocks as well as the BTC will drop soon. But Bitcoin will fall even much faster, he said. Those kind of comments are common. Meanwhile, since the price charts have changed, it might be just one of the overall critics when it comes to Bitcoin.
3. BitMex predictions from $2k to $15k
BitMex research is part of their derivatives exchange. Their estimate around -30% and +75% makes a lot of sense. The market dominance of the Bitcoin will always support owners and traders. Furthermore, 2021 could be the year when the Chinese government will shutdown BTC mining. Then 1 million coins will hit the market. Hence, everyone is getting prepared for such an event.
4. Andy Cheung says $14k
Andy is the head of operations at OKEx, THE Chinese Crypto Exchange giant. His prediction is based on the fact that cryptocurrencies have changed the financial landscape. 2020 and years after, we will see huge expansions of global payments. While these are not coming from legacy banking institutions. The Bitcoin has shifted the way we look at all assets. If the bitcoin get listed at the US ETF by the end of this year, it might be the catalyst to push the Bitcoin even over $14,000.
5. Altcoin Daily prediction is $20k
According this popular and very influencing YouTube channel, there will be a Bitcoin rally this year. While 2021 and 2022 will be followed as an Altcoin season. Sure, their main reasons lack a bit, it is also interesting that their prediction is based mainly on the first half of the year. While all other experts believe that the real action will occur in the second half.
6. Fundstrat value prediction over $25k
Tom Lee, member of Fundstrat, the Bitcoin lions on Wall Street, predicted that the Bitcoin could reach $25,000 soon. In 2019 he’s forecast was $40,000 but he revised his opinion in 2020.
7. Peter Brandt says $50k
Peter is a chartist. He became very popular among analysts. December 2019 he posted two very interesting charts on Twitter. Stating, that Bitcoin has apparently held at important support. Meaning, the BTC will rise from $6,800 straight up to $50,000.
8. Antoni Trenchev stating $50k
As co-founder of Nexo, the giant in crypto lending, Antoni knows what he’s talking about. He told Bloomberg, that a $50,000 price level is more than possible by the end of 2020. The reason behind his statement is, that we see Bitcoin as the new gold and rallying on par with gold.
9. PlanB value statement is $55k
PlanB is the creator of the stock-to-flow valuation model. The $55,000 prediction is based on the fact that negative interest rates, predatory governments and institutional investors seeking for the best performing asset. For the last 10 years this was the Bitcoin. To reach this value, a market value of $1trn Bitcoin is needed. As many billionaires hedging against quantitative easing, this target seems to be possible to reach.
10. Fran Strajnar finally says $200k
Fran is co-founder and CEO of Brave New Coin. He’s always very optimistic when it comes to bitcoin future value predictions. He believes that BTC will reach $200,000 in 2020.