Bitcoin is the most famous and important virtual currency in the market. And we all know that in the last years it has experienced an incredible surge. But, what will happen in the next years? Will Bitcoin reach $150,000 before 2019? Some experts think that that’s possible.
Bitcoin Price Predictions
One of the most important figures in the crypto sphere is John McAfee. He is one of those who believe that Bitcoin is undervalued and that in the next years it could even reach $1,000,000 dollars (yes, $1 million).
I have a doctorate in point-set-topology. It predicts BC at $2,431,013 in 3 years. other math systems – between $1,900,000 and $2,600,00.
— John McAfee (@officialmcafee) July 17, 2017
There is a site that allows individuals to trace the price of the famous virtual currency and compare its value with McAfee’s prediction.
Another important analyst and portfolio manager, Jeet Signh, Bitcoin could easily be traded around $50,000 by the end of 2018. And he is sure that Bitcoin’s volatility will be reduced once the market becomes mature.
During an interview with Bloomberg, he commented:
“If you look at Microsoft of Apple when they went public their stocks were very volatile because the market wasn’t mature. There are not so many vendors right now who can accept cryptocurrencies but there’s huge adoption on the black market.”
Cameron Winklevoss, one of the two famous Winklevoss Twins, said that bitcoin market capitalization could easily be between $4 and $8 trillion dollars. Moreover, the crypto expert and owner of the Gemini exchange stated a few weeks ago that Bitcoin could appreciate between 30 and 40 times.
So if you look at a $100 billion market cap today, now last week it might have been more like 200, so it’s actually a buying opportunity, we think that there’s a potential appreciation of 30 to 40 times because you look at the gold market today, it’s a $7 trillion market. And so a lot of people are starting to see that, they recognize the store of value properties. So we think regardless of the price moves in the last few weeks, it’s still a very underappreciated asset.
Bitcoin has clear possibilities of reaching new all time highs in the future. Of course, there is a long way before we see these numbers. There will be new regulations all over the world, new technologies that could challenge virtual currencies, or even, new digital assets.
Another opinion that doesn’t need to pass ignored is the Kay Van-Petersen one, which said an interview for Bloomberg that Bitcoin may reach $100,000 by December 2018.
The astonishing thing – mind-blowing if you will – is that you take a step back and look at the price appreciation… a lot of this has happened without traditional institutional money, and that’s basically going to be coming on board over the next six to 18 months,
It is also important to mark, that during this year, the Lightning Network is expected to go live. That means that Bitcoin will reduce its transaction fees and times to almost zero. That could be one of the most important moments in Bitcoin’s history. If the LN proves to be a good solution for Bitcoin’s scalability problem, we could see its price grow.