Bitcoin has risen pretty rapidly in the last couple of years. That is why many investors believe that it will continue to rise in the future as well. It is actually very difficult to predict the future price movement in Bitcoin. There are many institutional investors as well as cryptocurrency exchanges which are tracking the movement of Bitcoin. These are making quite a few predictions as well. We have curated a list of top 10 such predictions to help you better understand in which direction Bitcoin can move.
Pantera capital clearly states that Bitcoin will be around $ 20,000 by December 2018.
Fundstrat global advisors:
According to Fundstrat global advisors, Bitcoin will be trading around $ 25,000 by the end of this very year. Also, by next year they think that Bitcoin will be trading around $ 36,000.
According to him, Bitcoin will be trading around $ 35,000 by the year 2020.
Anthony Pompliano is of the opinion that Bitcoin will be trading around $ 50,000 by the end of this year.
John Pfeffer thinks that Bitcoin will be trading around $ 75,000 by the end of this year.
Kay Van Petersen thinks that Bitcoin can rise to as high as $100000 by the end of this year.
John McAfee also thinks that Bitcoin can rise to $ 1 million by 2020.
Bitcoin BTC Price Today
Bitcoin Cash (BCH)
Bitcoin Gold (BTG)
As you can see, many of the individuals are highly positive on Bitcoin. Also, the targets might seem far-fetched right now. However, when you look at the compounding returns which Bitcoin is given, you will realize that these targets can be easily achieved as well. This is one of the main reasons why Bitcoin can increase in the future. However, you need to keep in mind that the returns will not be as astronomical as in the past. Bitcoin will rise as the returns which it has already garnered are significant.
Owing to this very reason, it is important for you to take these Bitcoin predictions with a pinch of salt. Only once you are able to do so, it will become easier for you to understand the kind of returns which you can get in Bitcoin. You have to keep these few factors in mind and thereafter think about investing in Bitcoin at suitable levels.