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⭐ Features
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Bitcoin Price Analysis in 2020\2025: How Much Might 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 Analysis in 2020\2025: How Much Might Bitcoin be Worth?
Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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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About the author

Eric Eissler is based in Chicago and works in higher-education administration and finance. He is a freelance writer covering blockchain technology, fintech, cryptocurrency, the oil and gas industry, and international politics.

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📰 News
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XRP Currently Bringing 80% of Total Trading Volume on Ripple-Funded Bitso Exchange

  • Yuri Molchan
    📰 News

    A major XRP community member shares data that XRP is generating 80% of volume on Bitso exchange that is Ripple’s partner at introducing On-Demand Liquidity in Mexico

 XRP Currently Bringing 80% of Total Trading Volume on Ripple-Funded Bitso Exchange
Cover image via www.123rf.com

After Ripple had rebranded its xRapid product as On-Demand Liquidity (ODL) and partnered with the largest Mexican exchange Bitso, the introduction of ODL in cooperation with MoneyGram starts bringing its first fruits. As part of the collaboration, Ripple has invested in Bitso and got them to add one of its top executives to the board of directors.

 

On-Demand Liquidity successfully integrated on Bitso

A member of the XRP community @XrpCenter reports that things are looking good for XRP on the largest Mexican exchange Bitso and for Ripple’s ODL product. ODL was introduced there after the crypto giant invested an undisclosed amount in the trading platform.

The chart in the tweet shows that the XRP/MXN pair now accounts for 80 percent of the overall trading volume of Bitso.

Bitso became the key partner of Ripple and MoneyGram at introducing On-Demand Liquidity to the Mexican market. So far, the implementation has been going successfully.

This has not impacted the XRP price much though, since over the last 24 hours it rose merely by 0.54 percent. Unlike it, BTC and its forks – BCH and BSV – have posted much higher gains, as reported by U.Today earlier.

XRP price
Image via Coinmarketcap

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Ripple releases its Q3 report

At the end of last week, Friday, Ripple issued its regular report on the results of Q3. In the document, Ripple covered several major issues, such as movements of XRP from escrow and back to it, recent Ripple’s partnerships with Logos, Algrim and other startups, Coinme crypto ATM network.

Ripple also addressed the issues of FUD (fear, uncertainty, doubt) that has been recently actively spreading around the company and its XRP asset.

Ripple Q3 report
Image via www.ripple.com

What are your thoughts on the Ripple expanding XRP use in Mexico? Share them in the comments section below!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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