Industry experts always differ in their opinions on how the Bitcoin price will evolve. So far, optimism is still pretty strong, although the price predictions themselves are quite different from what one would expect. We asked a few industry experts how they envision the evolution of the Bitcoin price. The overall bullish sentiment is still in place, for the most part. Whether or not any of these predictions will come true remains to be seen.
Havven Founder Kain Warwick
“I expect that the market cap of bitcoin will begin to significantly erode gold and potentially even sovereign bonds; at that point a market cap of 1T+ for bitcoin is not unlikely. By the end of 2020, BTC having 20% of the gold market cap is possible. A 1.4T market cap divided by the potential supply of 18.4 million bitcoins yields a price of $76,000 per bitcoin.”
WaWllet Creator and Founder Mihail Lala
“The increase will not be proportional, as nowadays the ratio between Bitcoin, ETH and altcoins is not natural. By balancing the ratio, Bitcoin will lose a little bit of ground to ETH and altcoins, but will keep its lead on the market up to a cliff of 50,000 USD, which will be very fast pulled back, probably until the beginning of 2019. As more and more entities are building channels for regular customers, the late majority will enter the stage during the second half of 2019, which will push Bitcoin to 6 digits in 2020.”
Narrative Network Founder Ted O’Neill
“As the preeminent crypto brand, Bitcoin will continue to increase in value. We’ll see an increase in adoption of crypto in general, despite the churning regulatory environment. With Bitcoin futures being added to the CME, we should see more rapid adoption on the institutional side as well. Though of course there will be many ups and downs, I expect the value to double each of the next three years, and thus project a price of around $75,000 by the end of 2020. That would give Bitcoin a $1 trillion market capitalization.”
Trade.io Director of Research and Business Development John Mullin
“As we know, Bitcoin has a finite amount of 21 million tokens. This is similar to gold, which also has a finite amount. When people lose faith in a country’s currency, they will often turn to gold and it can be used as a hedge against inflation. I like to call Bitcoin the millennials’ version of gold. I believe next year we’ll continue to see more and more institutional money move into bitcoin and other cryptocurrencies, and this trend will only continue until 2020. While I don’t like to speculate too much about the price of cryptos, I believe it’s entirely possible to reach above 25K.”
CrowdWiz Co-Founder Slavena Savcheva
“It’s becoming a popular opinion that Bitcoin will reach $50,000 by 2020 and I am inclined to agree with it. The potential to do so is there. A lot could happen in 2 short years and there is still doubt, uncertainty and fear as to what steps major regulators will make, but the decentralized nature of cryptocurrencies makes it very hard for any government to have a long-term effect and we clearly saw that earlier this year with the China ban.”
Colu Co-Founder and VP of Blockchain Mark Smargon
“Taking into account the assumption that it will remain resistant to regulation and censorship by governments in the future, there should be no reason for Bitcoin not to continue its climb as it replaces gold as an attractive store of value. Enough for 5% of all gold holders to exchange it for Bitcoin, for its value to reach about $25,000, by 2020 I would imagine this number to be higher.”
Celsius Foundation Founder Alex Mashinsky
“There are about 15m current Bitcoin holders and on average each holds 20 coins with the new disciples adding less than 1 coin into new accounts. As there is a limited supply of coins, the price move-up resulting from $36B added to the existing pie of $135B should be between a 6.5-7x increase in price over the three-year period.”
Theta Labs Co-Founder and CEO Mitch Liu
“Bitcoin now is like the World Wide Web in 1995. I think by 2020 Bitcoin will surpass $100,000. Blockchain technology will disrupt not only digital business models but also traditional industries like insurance, transportation and manufacturing.”
ICO HeadStart Founder Nawid Habib
“Backers/investors contribute to a value increase since they mostly purchase Bitcoin first to exchange it afterwards for an altcoin. The most candid digital currency experts estimate Bitcoin at least quadrupling until 2020 due to the above-mentioned factors. At ICO HeadStart we believe that the price of Bitcoin will be anywhere between $25,000 and $37,000 in 2020. This means that one Bitcoin will top the price of one kilogram of gold in just a matter of time.”
