Bitcoin Price Predictions (2020 Update)

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Avatar for krystan05
3 years ago

Bitcoin was created in early 2009. Since then, we’ve seen its price increase from Bitcoins to the cent (circa March 2010), all the way up to $19,000+ per Bitcoin. One of the stories that illustrate this growth best is that of two pizzas, which were bought for 10,000 Bitcoins, on May 22, 2010, by a Florida developer by the name of Laszlo Hanyecz. Those 10,000 Bitcoins (at $4,000 per bitcoin) would be worth over $40 million today, pitted against the $40 or so they were worth then.

Is there any limit to this growth, and if so, where is it? While nobody knows for sure, there are plenty of anti-Bitcoiners who see the market as a bubble, ready to pop and have Bitcoin’s price fizzle back to mere cents, and plenty of pro-Bitcoiners, or Bitcoin evangelists, who see little hinderance in Bitcoin growing up to 200 times its current price. Here what those evangelists think Bitcoin will go on to be worth.

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