Categories: CryptoNews

Kim Dotcom Predicts a US$2000 Bitcoin Price By 2017

The upcoming Bitcache service by Kim Dotcom is cause of great speculation these days. Merging Bitcoin with the MegaUpload file sharing service is a great way to push cryptocurrency adoption. But Dotcom is also a fan of Bitcoin itself and foresees a value of US$2,000 per coin by 2017. A bold statement, but it is not entirely impossible either.

Bitcoin Is Poised To Break Out At Some Point

Kim Dotcom

is not the first to see a spectacular Bitcoin price increase in the coming months. Nearly every cryptocurrency enthusiasts have been waiting for such an event to happen, even though it has not materialized just yet. Then again, a price increase to US$2,000 is not all that spectacular compared to the current value.

Whether or not that value will be achieved at some point in 2017, is anybody’s guess right now. Keeping in mind how his new Bitcache platform will launch early next year, it could have a major impact on the BTC value over time. If his service can make Bitcoin go mainstream, there is no telling how the price may respond.

Some people feel the price per Bitcoin will be even higher than US$2,000 by 2017, albeit that is wishful thinking. Everyone in the cryptocurrency world wants to see the value of this limited supply global currency explode, and it is destined to happen sometime soon. But we should not get ahead of ourselves either, as that price value needs to be sustainable in the long run.

Related Post

Keeping in mind how there is a new Bitcoin auction in a few weeks from now, the interest in that event may largely define the Bitcoin price going forward. It is equally possible there will be zero impact on the Bitcoin price as a result. A free market is hard to gauge these days, and anything could happen at any given time

It is commendable to see Kim Dotcom being very bullish on Bitcoin, albeit that may also be to promote his own Bitcache project. Then again we need individuals with his allure to take Bitcoin mainstream, as it remains a very niche currency after being around for seven years. Only time will tell how realistic that US$2,000 mark really is.

Image credit 1

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

WIF Set to Overtake BONK? Lunex Soars with 100x Potential in Altcoin Season

As altcoin season heats up, all eyes are on the rising stars—especially Lunex, which is…

3 hours ago

Binance Coin Price Dips: BNB Holders Rush To Lunex Presale To Hedge Their Long Positions

While the broader market witnessed a notable upward movement, Binance Coin (BNB) experienced a decline…

3 hours ago

Crypto Stalwarts Forecasted 800% Growth in Innovative Projects: VeChain, Rollblock and Polkadot!

This blazing crypto bull run has investors looking for the next top altcoins set to…

3 hours ago

Dogecoin Price Set To Recreate 36,000% Rally From 2021 After Pennant Formation

The Dogecoin price is back in the limelight, captivating the crypto world with its recent…

4 hours ago

Is XRP About to Explode? How Trump’s Victory Is Affecting XRP Price Amidst JetBolt Growth

Ripple’s XRP showed a 68% price increase in the last 7 days following Trump's victory,…

4 hours ago

Ethereum Down While Bitcoin, Solana, and JetBolt Skyrocket In End November 2024

Ethereum stumbles as Bitcoin surges past $97K, Solana eyes new highs, and JetBolt’s presale shakes…

7 hours ago