Bitcoin Price Prediction in 2020\2025: How Much Will Bitcoin be Worth?

  • Eric Eissler
    ⭐ Features

    The general consensus is positive that Bitcoin will go up, but no one can accurately make a prediction

Bitcoin Price Prediction in 2020\2025: How Much Will Bitcoin be Worth?
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Bitcoin has been one of the biggest investments of the century, perhaps even the millennium. When it debuted in 2009 it was worth a mere $0.06 per coin, now it is currently $8,500, and it topped out at about $20,000 per coin.

Sure, since it peaked back in December 2017, it has lost more than half its value, but people are more confident in Bitcoin than ever and it has moved from deepest reaches of the dark web to the mainstream.

People are betting and believing in Bitcoin in a big way. It is here to stay with lots of confidence behind it.

Bitcoin future price prediction

Everyone wants to know where Bitcoin is headed. Many early investors made millions and now they want to do it again and newcomers want to replicate that big gain that can mint them as millionaires, too. There is much speculation as to where that price will go; most think it can only go up due to more interest--demand in this instance--and it is a limited supply of only 21 mln coins. Let’s look at some prediction of bitcoin price over several periods.

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Bitcoin prediction 2020

Within the next two years, there are some wild price predictions out there. John McAfee, the founder of McAfee Associates, a computer security software company, originally said that Bitcoin would rise to $500,000 by 2020. Later, he doubled down and said it would reach $1 mln by 2020 and also bet that if it didn’t he would dine on his own man parts if he was not correct. That is a bet not many are willing to make, so this proves his confidence in Bitcoin to soar!

Tom Lee, co-founder of the market strategy firm Fundstrat Global Advisors, wagered that his Bitcoin 2020 prediction would be able to make it to $91,000 by 2020, perhaps a bit more of a reasonable guess given Bitcoin’s bull-bear dielectric movement.

A third, rather conservative compared to McAfee’s wager, is $50,000 put forth by Ronnie Moas. He is the founder and director of research at Standpoint Research, an accounting firm for traditional investments. These more conservative figures seem more realistic that these cries that Bitcoin is going to the moon and will be millions. That just does not seem possible. However, let’s not rule it out completely, because in this world almost anything impossible can happen.

Bitcoin price prediction 2025

Looking back at charts depicting Bitcoin’s meteoric rise over a short time, one starts to question how to really make an accurate prediction the further you move away from the present. Given Bitcoin’s volatility, it is easy to guess that by 2025 it could be worth as much as $150,000 per coin if some of the conservative predictions manage to come to fruition.

However, some true believers out there feel that Bitcoin’s price could hit $500,000 by 2025! McAfee’s bet is still not looking good, his original price prediction of $500,000 in 2020 is five years past the cutoff date!

Bitcoin price prediction 2030

Even further out, the Winklevoss twins, famous Bitcoin millionaires, proclaim that the market cap for Bitcoin will reach $5 tln by 2030. At this time point, there is much uncertainty in the Bitcoin future predictions.

What is pretty certain is that Bitcoin is here to stay. It has a lot going for it to keep it around for a long time to come. Infamous founder of Megaupload, Kim Dotcom, think Bitcoin will soar to $100,000 by 2030. Finally, Hamath Palihapitiya, the founder of Social Capital and co-owner of the Golden State Warriors, has a Bitcoin rate prediction that it will hit $1 mln per coin after 2030.

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Bitcoin staying power attributes

The following three factors will support Bitcoin in the long run. These attributes make Bitcoin what it is and will maintain it. These coupled with general recognition, are only positives for Bitcoin, making the Bitcoin prediction in 2020 all the more possible.

  • First cryptocurrency: Bitcoin was the first crypto and has been around the longest, it has the first mover prowess.

  • It’s all in the name: Bitcoin is well, just that. It has instant name recognition, it markets itself.

  • Name association: mention Blockchain or cryptocurrency and people instantly think of Bitcoin

Big Bitcoin bosses weigh in

Below is a list of some of the biggest names in Bitcoin and crypto and that they think about the impending growth.

  • Wences Casares – $1 mln (by 2027)

  • Chamath Palihapitiya – $1 mln(by 2037)

  • John McAfee – $500,000 (by 2020)

  • Jeremy Liew – $500,000 (by 2030)

  • Mark Yusko – $400,000 (no date)

  • Roger Ver – $250,000 (no date)

  • Kay Van-Petersen – $100,000 (by 2027)

  • Tom Lee – $91,000 (by 2020)

  • Tai Lopez – $60,000 (mid-term)

  • Ronnie Moas – $50,000 (2020)

  • Thomas Glucksmann – $50,000 (2018)

  • Ran Neuner – $50,000 (end of 2018)

  • Masterluc – $40,000 to $110,000 (by 2019)

  • Mike Novogratz – $40,000 (by the end of 2018)

  • Trace Mayer – $27,395 (by Feb 2018)

  • Winklevoss Twins – $5 tln market cap (by 2028 – 2038)

Bitcoin will come back

Now, looking at the information presented above, there is a lot of positive belief that Bitcoin is going to go up, up, up - maybe to the Moon as some have quipped. However, there are the naysayers, the ones who think Bitcoin will crash and burn and return to being worth pennies.

However, they are probably just jealous that that missed out on the first big rally round to make millions. The big suggestion here is to jump on the next tide and ride the wave high, don’t be a hater.

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Question of the Day: Can Stablecoins Accelerate Cryptocurrency Adoption?

  • Yuri Molchan
    ⭐ Features

    Stablecoins show hardly any volatility compared to Bitcoin and altcoins, many are hoping that they will be able to bridge new crypto economy and regular fiat money

Question of the Day: Can Stablecoins Accelerate Cryptocurrency Adoption?
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Bitcoin, the father cryptocurrency, emerged in hope that it will remove all intermediaries in electronic commerce that cut off their share of payments. BTC was perceived as a P2P way to replace fiat cash in an electronic format, which would enable one party to pay another without any financial institution or payment platform which would demand its share of a transaction as a reward for its services.

What is wrong with Bitcoin

For quite a while Bitcoin was performing the way the crypto community expected. But the situation changed later – BTC rate became weaker, thus bringing down its financial and economic reliability, when it gets to be used as a regular means of payment.

You cannot have a currency that would cost like a British castle today, a gram of gold – tomorrow and a pack of French fries the day after.

At that point practical fintech minds came up with an idea of creating something which would become a breakthrough in the universe of crypto – a so-called stablecoin.

Will stablecoins solve the volatility problem?

Technically, stablecoins are protected from the volatility roller-coaster that Bitcoin and other cryptos love to ride. They are programmed to keep their prices stable and investors now are largely attracted to this new type of digital assets.

Stablecoin does not show any volatility in its monetary value, since it has a fixed connection to an asset it is pegged to. The major goal of using stablecoins is taking the best from decentralized crypto coins and combining it with a constant value. Thanks to it, stablecoins can be used as a reliable means of trade.

Asset-pegged stablecoins

Asset-backed ones get their value from an asset as can be understood from the name. An asset provides the necessary value to a coin, as well as the necessary legitimacy.

A great example of an asset-pegged stablecoin is Tether (USDT). In spite of a series of scandals at the end of last year, it remains the most popular stablecoin in the crypto market.

Recently, it has partnered with the Tron Foundation to launch a Tron-based stablecoin.

Other examples are TrueUSD (TUSD), USD Coin (USDC), the Gemini Dollar (GUSD), and the Paxos Standard (PAX). They are all pegged to the USD.

Crypto-backed stablecoins

Some digital coins work in a similar way to fiat-backed ones, however, they are pegged to collateral crypto. That means that crypto assets that ensure the value of such stablecoins are stored in a wallet similar to escrow.

A good example of a crypto-pegged token is Maker, which is ranked 16 on CMC.

Algorithmic stablecoins

Even though, stablecoin can be interesting at first thought but the way they are built goes against the principle of decentralization that crypto coins have as a foundation. Thus, many crypto fans and evangelists are positive that stablecoins must be linked towards not a centralized asset but a computer algorithm which takes value from a balance between supply and demand.

Basis is now considered the most promising algorithmic stablecoin of all.

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Can stablecoin ensure smooth future for the crypto industry?

The primary goal of all crypto assets was and remains to come up with virtual asset that would be liquid enough and not vulnerable to market volatility. From this point of view, stablecoins are a dream of all crypto fans and evangelists of a decentralized economy.

Apart from the potential to conduct crypto transactions smoothly, experts believe it can bridge the two worlds – fiat and crypto, bringing them a mutually beneficial coexistence. However, that may take time.

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