In the eleven-years of Bitcoin’s history the price has been extraordinarily explosive.
This asset has appreciated more than any other asset in the past seven years*. Take into consideration that Bitcoin has performed better than any other asset in a market that has seen tremendous returns and positive growth.
It makes one wonder what the future price of Bitcoin will be?
The purpose of this article is to sum up the most recent and relevant analyst opinions on the future price of Bitcoin and record them in one easy to read location. Here are some incredible Bitcoin price predictions.
Max Kesier – Bitcoin Price Prediction
For years Max Kesier, former wall street guy and now financial commentator, has long predicted a Bitcoin price of $100,000.
Special shout out to Max for calling out Bitcoin in the early days, I definitely owe him a beer for his early adapter info. Max actually made the call when Bitcoin was just $1 and has been extremely bullish ever since.
In February of 2020, Max Kesier actually updated his Bitcoin price prediction to extend beyond $400,000 during the next parabolic cycle.
Tim Draper – Bitcoin Price Prediction
Venture Capitalist and early Bitcoin adapter Tim Draper has predicted a Bitcoin price of $250,000 by the end of 2022 or the beginning of 2023*.
Tim Draper has a history of being right about investments. A summary of his investments include Coinbase, Robinhood, Baidu, Skype, Tesla, and Twitch.
Thomas Lee – Bitcoin Price Prediction
Thomas Lee runs Fundstrat an investment research company. With this type of business, it is extremely important that you right, otherwise you would run out of clients rather quickly.
I am a huge fan of Thomas Lee’s work and opinions which are often available on Bloomberg, CNBC, and other news outlets. Thomas Lee believes Bitcoin could reach $40,000 in 2020.* He has also called out for the Bitcoin price to reach a more modest $25,000 by 2022*.
It should be mentioned that Thomas Lee has been wrong on the Bitcoin price in the past and has made some calls that didn’t happen in due time. However, Thomas owns up to his calls as he often states that he doesn’t enjoy making exact price predictions.
Plan B – Bitcoin Price Prediction
Plan B or @100TrillionUSD is the twitter handle of the well known Bitcoin analyst and researcher.
Plan B has made a name for himself by creating the most accurate pricing model for Bitcoin known as the Stock to Flow model.
It is also worth noting that Plan B is also a member of a Dutch Institutional Investment Team that manages billions in assets. Plan B’s pricing model has predicted that the Bitcoin price will steady out around $100,000 between 2020 and 2024.
He has also notably said that the model predicts the price could spike to around $288,000 based upon historical price action.
It is worth noting that the analyst claims the price could go wildly beyond this number as it has historically performed in such a manner.
Mike Novogratz – Bitcoin Price Prediction
Billionaire hedge fund manager, Mike Novogratz has been in the Bitcoin space for a long time. He has been long term Bitcoin bull and has often been more right than wrong.
Having made truckloads of money in the crypto markets, he is worth a listen. Mike Novogratz predicts the price of Bitcoin to hit $20,000 by the end of 2020.*
Mike has also predicted that the total market cap of Bitcoin will surpass that of gold (about 8 Trillion) by 2029. This would put Bitcoin at approximately $400,000.*
Tyler & Cameron Winklevoss – Bitcoin Price Prediction
Founders of Gemini Cryptocurrency exchange, serial entrepreneurs, and Olympians, twins Tyler and Cameron Winklevoss have an impressive resume.
Long time Bitcoin bulls, they have also pegged the long term value of Bitcoin to exceed the market cap of gold pegging the price of $400,000. They have placed a 10-20 year target on these predictions.
Anthony Pompliano “Pomp” – Bitcoin price Prediction
Anthony Pompliano is the Co-founder of Morgan Creek Capital and host of popular Bitcoin and Business podcast, “The Pomp Podcast.”
He has become in recent years an outstanding ambassador and name in the world of Bitcoin and Cryptocurrency. Pomp predicts the price of Bitcoin to hit $100,000 by the end of 2021.*
Raoul Pal – Bitcoin Price Prediction
Founder of Real Vision Finance and famous macro-trader, Raoul Pal, has been involved with Bitcoin for a number of years and is more bullish than ever. Being in the macro world,
Raoul looks at commodities like gold as a good comparison to Bitcoin. Raoul believe the total market cap of Bitcoin could exceed $10 trillion and become bigger than gold.*
Predictions from Women in Bitcoin and Cryptocurrency
According to “BuySellHoldApp.com” woman are more bullish on Bitcoin and the entire cryptocurrency market in general with 68% recommending a buy on Bitcoin in 2018 compare to 61% of men. However, I had a difficult time finding a leading lady in crypto with a bold price prediction.
Caitlin Long and Meltem Demirors are some of my favorite Bitcoin influencers. Both have tremendous experience on Wall Street with major investment banking with the big dogs of corporate finance.
While both are generally bullish on Bitcoin and speak about the potential of HyperBitcoinization of the world, they have also notably expressed caution.
The 2017 bubble was marked in time with the introduction of Bitcoin futures derivatives market.
Both Meltem and Caitlin have express concern over the rehypothecation and financialization of Bitcoin as it enters the investment world. Without going down the rabbit hole too far, this can be likened to fractional reserve banking.
Scarcity is one of the core values that Bitcoin stands behind and ironically while financialization could add to Bitcoin’s global adoption, it could also stand to be the greatest obstacle.
Read this excellent Forbes article from Caitlin Long for more information. Please let me know in the comments below if you know of any bold predictions from other women in the space and I will add them to the list.
The Bitcoin Investor’s – Bitcoin Price Prediction
Please read my disclaimers and know that this is purely for informational and educational purposes (Edutainment) and does not constitute financial advice!
Just for fun I will throw out my Bitcoin price prediction for August 1, 2020. As you know if you read my blog, I am a fan of the stock to flow model for Bitcoin.
I’m also a believer, like many of the gentlemen above that Bitcoin will serve the use case of gold as a minimum. I believe the price swings of Bitcoin will become less volatile as the numbers get larger.
I believe the price of Bitcoin will peak around the price of $150,000 during the 4-year cycle from 2020-2024. I think this will likely happen by the end of 2022.
Please read our disclaimer here regarding investment advice and risk. Disclaimer: This should not be construed as or relied upon in any manner as investment, legal, tax, or other advice. Please consult an appropriate tax or financial professional to understand your personal tax and financial circumstances. I may get compensated by some platforms mentioned below (because of referral links). Do your own research
*https://blockpublisher.com/bitcoin-gave-144912-returns-in-7-years-outperformed-every-asset/
*https://cointelegraph.com/news/bitcoin-will-surge-to-400k-max-keiser-quadruples-btc-price-forecast
*https://cointelegraph.com/news/tim-draper-doubles-down-on-his-250k-btc-prediction
*https://cointelegraph.com/news/tom-lee-like-faang-stocks-btc-will-hit-25k-due-to-network-value
*https://cointelegraph.com/news/mike-novogratz-may-hang-his-spurs-if-bitcoin-doesnt-hit-20k-in-2020
*https://pomp.substack.com/p/bitcoin-is-likely-to-hit-100000-by