Bitcoin Price Predictions from Experts
Bitcoin is the most profitable asset since past couple of years. All cryptocurrencies are rising exponentially. Leading cryptocurrency Bitcoin is the decentralization of banking with lower transaction fees. There are numerous speculations for Bitcoin around news and media, some are positive and some are negative. But no one can predict the exact behavior of Bitcoin and altcoins due to unregulated nature. After facing so many hurdles and difficulties, Bitcoin still managed to go beyond $2,000 price level in 2017. After splitting into two parts, Bitcoin price recovered speedily from $1,800 to $4,500. Bitcoin is not legal in India yet. But still, it is being traded at many Indian exchanges like Zebpay and Unocoin. Experts believe that Bitcoin price is driven by China and India. Many analysts have predicted future of Bitcoin couple of years ago, and some of those predictions went true. So Let’s take a closer look at 10 best and accurate Bitcoin predictions.
Alena Vranova
Alena Vranova, CEO of SatoshiLabs forecasted prices for 3 different scenarios. Let’s have a look on all three:
1. If no unexpected event happens and the adoption continues to grow at current speed, then the prices would reach up to $2,000 per bitcoin.
2. If some country legalize it or some technology comes into Bitcoin then the price may rise even faster and estimate would be anything from $5k to $10k. China, Russia, India, and Africa have a strong potential to be a game changer.
3. If negativity like volatility or restrictive legislation, arrive for Bitcoin then the price may crash to just $50 per BTC.9
Vinny Linghm
Vinny Lingham forecasted that Bitcoin price could hit $3,000 in 2017. Vinny is co-founder & CEO of blockchain identity startup Civic. Lingham suggested 3 major reasons for price rise. Rising venture capital investments in blockchain technology, Huge number of BTC acceptance and the limited supply of Bitcoin. Vinny has the strong belief in Bitcoin and doesn’t consider Ethereum as biggest competitor of Bitcoin.
Aurelien Manant
CEO of Gatecoin, Aurelien Menant believes that Bitcoin could hit $6,000 very soon. Menant considered Bitcoin Scaling as a crucial key point for price surge. “There is a lot of fresh liquidity flowing into bitcoin, thanks to a surge in interest among investors in Asia, notably Japan and Korea, coupled with a resolution to the scaling debate. I would not be surprised to see the Bitcoin price doubling again to around $6000 by the end of the year” Menant said.
Adrin
As Bitcoin and the Bitcoin community grows, countries and jurisdictions will continue to regulate Bitcoin. This is a sign of Bitcoin maturing, and this is not a bad thing. If cryptocurrencies want to be accepted by the society they need some clarity and context within the current currency laws.Adrian, Founder of SatoshiBet
Bobby Lee
Bobby Lee, The CEO of BTCC has predicted Bitcoin’s price somewhere between $5k-$11k by 2020 after the block reward halving. BTCC is popular Bitcoin exchange and mining pool of China. He released this prediction on Twitter. He expressed Chinese love for bitcoins and also indicated Bitcoin mining in China. Bobby got into BTC early through his brother, Charlie Lee, the creator of Litecoin, termed as “digital silver.”
Kay Van-Petersen
According to Kay Van-Petersen, Bitcoin could hit over $100,000 by 2027. Van-Petersen is an analyst at Saxo Bank. In past, He had previously predicted the cryptocurrency at $2,000. He believes that $176 billion worth of BTC would be traded daily in 2027. By his calculations, there should be approximately 17 million bitcoins in circulation by 2027. If you divide that 17 million Bitcoin quantity by a market cap of $1.7 trillion, one Bitcoin would cost around $100,000.
This is not a fad; cryptocurrencies are here to stay. There will emerge two to three main ones. Bitcoin will be one of those. And the reason is the first-mover advantage, the scale and the pioneering
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