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.
Thomas 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.
John 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.
Joe DiPasquale, CEO of BitBull Capital
Bitcoin’s price can be anywhere in 5 years, from $10,000 to $100,000. An exact prediction is hard to provide because there are numerous fundamentals that are likely to change between now and [then].
Digital currencies and assets are the future of transactions and value storage, and Bitcoin is leading this revolution. But this doesn’t make it easy to guarantee a specific price tag five years down the road.
Fred Schebesta, Co-Founder and CEO of Finder
I think BTC could potentially hit bigger figures by the year 2020. But for the next year or two, it’ll still be hovering just under the $10,000 mark. But then again, the end of 2019 is essentially millennia away.
Bobby Ullery, CTO of Waysay
I think Bitcoin and Ethereum will share a $4.5 trillion market cap by 2020.
In 2020, there will be ~18,375,000 BTC in circulation. $1,137,500,000,000 divided by 18,375,000 = $61,900 per coin, ~+2,200% from today.
Matias Dorta, Founder of ICO Informer
My price prediction for Bitcoin in 2020 is $30,000++.
I’m a Bitcoin bull. I see a few countries adopting it as a reserve currency before 2030. I believe its fundamentals make the most sense for institutional money and I think the “digital gold” narrative will only get stronger as we approach 21 million bitcoins.
Craig Russo, Co-founder of sludgefeed.com
Your guess is as good as mine. My price prediction for Bitcoin in 2020 is $30,000.
Brandon Quittem, Cryptocurrency Analyst & Writer
In 2020, my BTC estimate is $75,000, which is roughly 10x today’s price, and a total market cap of $1.3 trillion.
Alessandro Benigni, Founder of coinhooked.com
I’m unable to guess as there are so many factors are involved that is impossible to say. I’d say that lack of proper security is currently the biggest obstacle for mass adoption of cryptocurrencies.
What’s your BTC price prediction for 2020? Share with us in the comments below!