Everyone wants to know which are Bitcoin price predictions for the future. As the virtual currency grew from $0 in 2009 to over $63,000 a few months ago, investors would like to know which are the possibilities of BTC reaching higher prices in the coming years.
In this blog, we are going to focus on Bitcoin price predictions made by prominent analysts in the industry. Although not all the price predictions would be accurate and some of them might seem far from being realistic, we wanted to do a summary of those Bitcoin price predictions that we should take into consideration.
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In this section, we share some of the most popular price predictions about Bitcoin and how it could be close to becoming real in the coming years.
Let’s begin with Robert Kiyoskai, the author of the book Ricj Dad, Poor Dad. He considers that Bitcoin could eventually reach $75,000 in the future. And we have seen that the price was certainly close to reaching this price level in 2021.
Although the year didn’t end yet, we need to wait and see whether this will take place now or in future years. Everything will depend on the general economic situation, inflation rates and other factors.
Adam Back is another expert that is also analysing the future price of Bitcoin and how this could reach high prices. He believes that the price of Bitcoin could hit $300,000 in the coming years. Although we are far from this point, the crypto market has surprised investors in many different ways (sometimes positively).
The recognized investor Max Keiser has also given its price prediction for Bitcoin. Compared to other analysts, he gave a range in which Bitcoin could fluctuate in the coming years. This range is between $100,000 and $400,000.
For example, the first target was predicted for the end of 2020. This didn’t happen. However, Bitcoin surpassed $63,000 in early 2021. In the long-term, he says that Bitcoin could surpass $400,000.
If you have been in the cryptocurrency market for some years, then you know who PlanB is and the price predictions that he has for the future of Bitcoin. This analyst from the Netherlands has developed the stock-to-flow (S2F) model for BTC and how this model predicts Bitcoin could go as high as $288,000 per coin.
The cycle peak could be reached in the coming years or even months if everything goes as expected. It might take some time before Bitcoin surges to this price level. Nevertheless, having such a prediction in place is definitely something we should pay close attention to.
John McAfee has also made a price prediction for Bitcoin price. He said that Bitcoin could reach $1 million by the end of 2020. This didn’t happen though. Indeed, Bitcoin was traded far from this price target. Despite that, there are several other analysts that support this point of view if they consider the depreciation of the U.S. dollar and other fiat currencies.
One of the most recent Crypto Outlook reports released by Bloomberg show that Bitcoin could see major gains throughout 2021. The report explains that Bitcoin is more likely to get closer to $100,000 than it is to fall to $20,000.
Although this does not mean that Bitcoin will move to $100,000 it is certainly bullish for the digital currency that analysts consider that BTC could hit $100,000 per coin.
Another Bitcoin price prediction is $100,000 by 2022 and it was made by Shervin Pishevar, a venture capitalist that co-founded Hyperloop One and Sherpa Capital. One of the things he took into consideration to predict this price level was related to companies investing massively in Bitcoin (including MicroStrategy, MassMutual and Tesla).
We couldn’t avoid adding Anthony Pompliano to this list. He is a very popular personality on the Bitcoin market and he is also one of the founders of Morgan Creek Digital. He believes that Bitcoin would hit $100,000 by the end of 2021 and eventually hit $250,000.
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