New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?
New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?

The Most Outstanding Bitcoin Price Forecasts 2019, 2020 and Later: Is $1,000,000 for 1 BTC Still Possible?

  • Vera Thornpike
    🤷 Opinions

    The highest BTC price predictions for 2020 and later: How high can Bitcoin go? Expert opinions and arguments

The Most Outstanding Bitcoin Price Forecasts 2019, 2020 and Later: Is $1,000,000 for 1 BTC Still Possible?
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During the ten years of Bitcoin’s existence, we’ve witnessed its value grow from $0.01 to $19,000+. In the last year, BTC crashed together with other cryptocurrencies and is now trading at about $3,900. Although there are hundreds of interesting altcoins around, a huge Bitcoin community stays devoted to the currency: some of its famous representatives come up with quite loud statements and unusual predictions. Let’s check out what they think about Bitcoin’s nearest and long-term future.

Will Bitcoin cost $1,000,000 one day?

Such suggestion was made by several crypto pundits, though they provide different time frames:

  1. One of people making such prediction is Chamath Palihapitiya, the Founder of Social Capital, Co-Owner of the Golden State Warriors, and investor who used to own 5% of all Bitcoin in circulation at one time.
    Palihapitiya has predicted Bitcoin’s price will hit the $100,000 mark in the next 3-4 years, and it’s possible to reach the price of $1 mln by 2037. He added: “This thing has the potential to be comparable to the value of gold…This is a fantastic hedge and store of value against autocratic regimes and banking infrastructure that we know is corrosive to how the world needs to work properly.”

  2. Wences Casares, the Founder, and CEO of Xapo (a Bitcoin wallet startup), is sure that BTC will reach $1 mln even before 2027. This suggestion was made at the Consensus 2017 conference in New York, and he hasn’t come up with updated statements yet.

  3. John McAfee, whom we don’t have to introduce to crypto-savvy folks, is a true fan of Bitcoin, calling it “the [monetary] standard for the world.” Recently, he grabbed the attention of the entire crypto community by making a loud statement. He made a Twitter publication swearing that BTC will reach $500,000 by 2020, and there’s also a chance for BTC to reach $2.6 million.

The famous Winklevoss Twins also claimed that the Bitcoin market cap is to reach $5 trillion during 2028 – 2038 period. The number originates from the comparison with $7 trillion of the global gold market. Here’s what Cameron Winklevoss said:

“We’ve always felt that Bitcoin, given its properties, is gold 2.0 — it disrupts gold. Gold is scarce, Bitcoin is actually fixed. Bitcoin is way more portable and way more divisible. At a $300 bln market cap, it’s certainly seen a lot of price appreciation, but gold is at $6 tln and if Bitcoin disrupting gold is true and it plays out … then you can see 10 to 20 times appreciation because there is a significant delta still.”

Indeed, Bitcoin has a lot of advantages over gold as a store of value:

Gold vs fiat vs crypto – ultimate comparison chart

Any other suggestions?

John Pfeffer, a partner of Pfeffer Capital, also has suggested a huge target for Bitcoin – $700,000. His statement is also based on the fact that Bitcoin is the first decent alternative to gold (currently, people store gold worth about $1.6 trillion). He assumes that BTC can replace all golden reserves held by private investors because it’s much easier and safer to store. Say, if crypto fully replaces gold by the time when there will be 18 mln BTC in circulation, one BTC will be worth at least $90,000.

Other suggestions include:

  • Jeremy Liew – $500,000 by 2030

  • Mark Yusko – $400,000

  • Roger Ver – $250,000

  • Kay Van-Petersen – $100,000

  • Tom Lee – $91,000

  • Ronnie Moas – $50,000 by 2020

  • Tai Lopez – $60,000

Bitcoin predictions 2018 from Tim Draper and Mike Novogratz were the only forecasts justified: they claimed it would be $10,000 during the last year.

Bitcoin has serious potential, but what’s the limit of its growth? Only time will show.

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.

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Ripple’s Market Cap Further Slips Behind Ethereum as XRP Price Prediction Stalls

  • Jack Thomas
    🤷 Opinions

    📊👀Ripple’s Market cap, through its XRP token, was ahead of Ethereum at a few stages, but its price prediction has slowed and come under pressure from resistance below the $0.33 mark, and in doing so, Ethereum has pushed higher into second place

Ripple’s Market Cap Further Slips Behind Ethereum as XRP Price Prediction Stalls
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Ripple, and its native token XRP, have been stuck in a bit of a price vacuum over the past few weeks and months as many other coins have managed to break such marks. Sitting between $0.30 and $0.33, XRP has actually started to even lose ground on Ethereum in terms of market cap.

The third-ranked coin by market cap has in the past managed to over take the smart contracted-based blockchain as it surged in interest and growth in the recent past, but now it has fallen back by nearly $2 billion.

In terms of price prediction, XRP has a lot of hope and positivity surrounding Ripple’s efforts to make it a staple of banks going into the digital age, but it has stalled in its own growth recently, which is surprising seeing as other altcoins have doubled in 2019 alone.

XRP’s sticky situation

There was a small drop in the market last week which was halted when Bitcoin managed to keep above $4,000, but XRP also tested an important resistance. After testing the $0.3000 support, XRP’s price started a short term rebound against the dollar.

The price traded above the $0.3050 and $0.3080 resistance levels. The price even traded above the $0.3100 level, but it faced a strong resistance near the $0.3120 level. Besides, the price even failed to test the $0.3120 level and the 100 hourly simple moving average. A high was formed at $0.3113, and later the price started a downside move.

XRP is especially low currently, testing its floor rather than the ceiling, which has been seen closer to the $0.33 mark, but what is not helping the coin get past any of these resistance marks is its drop in market cap.

Ethereum taking the initiative

It is difficult to tell if Ethereum is making ground on XRP’s market cap based on its own growth – which has not been astronomical in terms percentage gains in the last few weeks – or if it has to do with XRP losing its own worth and value in the eyes of the market.

Ethereum is facing some major changes in the near future, and it could be that early investors are starting to look for a cheap deal as they prepare for the Casper upgrade and the change to Proof of Stake. Ethereum is bound to make big ground when that happens.

Ripple may not admit it, but having XRP as the second ranked coin above Ethereum would be a big deal for them as it adds a lot of legitimacy in the general market and helps in boosting their own worth and value as a company looking for more partnerships.

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