What will be Bitcoin’s Price in 2019, 2020, or 2025?
- $ 20,000
- $ 30,000
- $ 100,000
- $ 1,00,000….
Well, no one knows but believe it or not, everyone is interested in Bitcoin’s price.
Some want it to die while some are bullish about its long-term prospects.
And if you ask me, where do I belong?
I would unhesitatingly be in the bullish realm because it is almost ten years. Bitcoin has been here, and by Lindy effect, it is believed to stay here for more…
For those of you who don’t know Lindy effect here is a simplistic explanation of the same:
The Lindy effect is a concept that the future life expectancy of some non-perishable things like technology or an idea is proportional to their current age, so that every additional period of survival implies a longer remaining life expectancy.
And now that we know Bitcoin is here to stay, there have been many speculative Bitcoin predictions so far, and amongst them, Bitcoin price forecast is the foremost.
So let’s see some of the famous price predictions made by experts for Bitcoin- the king of cryptocurrencies !!
2019 Bitcoin Predictions By Experts
|Bitcoin Price Prediction By||Price Target|
|Fundstart & Tom Lee||$91,000|
Let me start from some of the realistic ones, and then we will move towards some outrageous but still possible Bitcoin price predictions.
A global research and analytics company that analyses stock markets and crypto predicts Bitcoin to hit between $20,000 and $64,000 by the end of 2019.
Tom Lee- the co-founder of Fundstart and prominent Bitcoin investor, has also forecasted that Bitcoin can hit $91,000 by March 2020 based on MeltCafe’s law and the current dip.
Tom Lee has also suggested that the present fair value of Bitcoin is around $13,800 and $14,800 which is far below than the current price levels of $3000.
Previously, he had predicted that Bitcoin would reach $25,000 in 2018 (which of course didn’t happen), but for long-term buyers, he has predicted that BTC will hit $1,25,000 by 2022.
Lee and Fundstrat have used an average of the percentage gained at price after each dip to arrive at the 2020’s number.
#2. Plan ฿
A passionate Bitcoin believer on Twitter has come up with an unorthodox prediction of the 2020 bitcoin price would be $17,317.
His prediction is based on Bitcoin mining difficulty for which he happens to believe that there is a power law relationship between price and difficulty.
Now, I know some of you might think that how he got the difficulty figures for Bitcoin for 2020.
Well, that’s based on a surveyed assumption where 59% people believe that there will be a 10x increase in Bitcoin’s mining difficulty in 2 years and hence this price of $ 17,317 pops up.
#bitcoin difficulty is 5,106,422,924,659
What will difficulty be 2 years from now (end of 2020)?
— planB (@100trillionUSD) December 22, 2018
#3. Trace Mayer
Trace Mayer- the early adopter and evangelist of Bitcoin, who started recommending Bitcoin at the price of $0.25.
He is an entrepreneur, monetary scientist, and a huge believer in monetary sovereignty. He has also formed a new way to value Bitcoin at any stage by using Mayer Multiple which is simply the 200-day moving average of Bitcoin price action.
And according to this Mayer Multiple, it looks like that Bitcoin will reach $21, 600 by December 2019.
Perhaps $BTC crypto-winter will last 6-9 months longer (hopefully!), touching $3k, but probabilities are getting less favorable of that possibility.
— Trace Mayer (@TraceMayer) September 16, 2018
#4. Max Keiser
Max Keiser is a former Wall Street veteran, and also an early Bitcoin adopter started recommending Bitcoin at $3.
He runs one the most widely watched financial news coverage thrice a week and has been quite open about bankers fraud and need of Bitcoin.
His prediction for Bitcoin price in 2018 was around $28, 000 which hasn’t materialized yet but his long-term bet of $ 100,000 is still open.
And he believes this pattern will repeat all the way to $100,000
This pattern will repeat all the way to Bitcoin $100,000 and beyond… pic.twitter.com/o9Wj4reBtv
— Max Keiser, tweet poet. (@maxkeiser) June 2, 2017
#5. Tim Draper
Tim Draper the famous America venture capitalist and founder of Draper University is also bullish on Bitcoin for the longer term.
He has also believed to by 30,000 BTCs from US Marshals auction in 2014 which were confiscated during the Silk Road market bust.
Earlier this year he tweeted that Bitcoin can reach $25k by 2022 which as expect was a typo. He later clarified his stand and said that if the present trend continues, Bitcoin can reach $ 250k by 2022.
Oops! I predicted $250k in 2022. My tweet last night was missing a zero. $250k is the number!
— Tim Draper (@TimDraper) April 13, 2018
#6. Jameson Loop
Jameson Loop, the former BitGo engineer, now CTO at Casa Wallet also keeps track of Bitcoin’s daily price action.
Bitcoin average DAILY value change during:
- 2010: +0.82%
- 2011: +0.76%
- 2012: +0.26%
- 2013: +1.11%
- 2014: -0.25%
- 2015: +0.09%
- 2016: +0.22%
- 2017: +0.78%
- 2018: -0.33%
According to the trend till 2017, Bitcoin would have reached $250,000 by 2020 which has certainly changed after 2018 meltdown.
Winklevoss twins predicted earlier this year that Bitcoin is highly undervalued and reach 40 times its current then value.
It is also believed that Winklevoss twins holds around 100,000 bitcoins and have predicted the future value of $ 320,000 for Bitcoin which might make them first crypto Trillioners.
An independent crypto trader and analyst have come up with interesting Bitcoin price numbers.
He has released a chart of historic Bitcoin prices actions combined with the halving year after effects. This is an interesting one because I too have developed the same kind of valuation model for myself.
According to this chart, by the end of 2019, we should be somewhere around $7900 mark and later when the 2020 Bitcoin halving kicks-in that should take Bitcoin to $15000 levels and finally in between 2022 we should reach the $333,000 mark per Bitcoin.
#9. John McAfee
John McAfee will be eating his dick if Bitcoin doesn’t reach $1 million per BTC by 2020.
Yeah, you heard it right, the same McAfee who is the founder of cybersecurity company-McAfee.
The popular American businessman cum programmer is more than bullish on Bitcoin and has stated several times that Bitcoin will reach $ 1000,000.
Initially, he had predicted $ 500,000 which he later changed in November 2017 by tweeting this:
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 Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong. pic.twitter.com/WVx3E71nyD
— John McAfee (@officialmcafee) November 29, 2017
Which Is The Accurate Bitcoin Price Forecast Or Price Prediction For 2019-2020 & Beyond?
Now, I know the most important question that would be going in your mind would be, which of these is the most accurate prediction?
Well, first thing first:
These are predictions, which can be wrong also because this is a new asset class and we don’t understand its valuation models yet.
Most of the predictions for 2018 have failed so far and only a quite a few have been proven correct, so you need to take this thing also in the account before making up your mind for investment.
Lastly, these predictions are in no way an investment advise from TheMoneyMongers.
Now you tell us: What’s your prediction for Bitcoin in 2019 or beyond? Share the same with us in the comments section below with your reasoning, and we will be happy to include it in our list 🙂
Hey there! I am Sudhir Khatwani, an IT bank professional turned into a cryptocurrency and blockchain proponent from Pune, India. Cryptocurrencies and blockchain will change human life in inconceivable ways and I am here to empower people to understand this new ecosystem so that they can use it for their benefit. You will find me reading about cryptonomics and eating if I am not doing anything else.