Back on 17 March 2010, the now-defunct BitcoinMarket.com started operating as the first bitcoin exchange. Every BTC unit was traded with a price of 0.003 USD. Who-the-heck would know by then that geeky-coin would skyrocket to 20K and probably beyond? Of course, the people who acquired them in 2010 are now rich and we want to live the dream too.
Maybe it’s too late by now, but maybe it’s not. We all know Bitcoin prices tend to rise, sooner or later. To the moon! And that’s why everybody it’s so excited about checking on their personal crystal balls possible futures for Bitcoin and its price. Thereby, important crypto-companies and leaders have already tried to guess the next big Bitcoin record.
Let’s find out some of them for 2021 and beyond.
Anthony Pompliano +100K
He’s the co-founder and partner of the crypto-hedge fund Morgan Creek Digital for institutional investors. In the past, Pompliano has said 50% of his net worth is invested in Bitcoin, so, we could say he really believes in this. A funny thing about him? He thinks the declarations of Warren Buffet against Bitcoin are born by fear of innovation.
According to him, BTC will reach at least 100K by the end of December 2021. “Fixed supply. Increasing demand. Time will tell”. For now, after the experience of a hopeful boost in the price, Bitcoin is selling at 11.500 USD. We’d need an increase of 770% in the next 16 months, and we’ve seen the weirdest things happening.
Crypto Research Report (CRR) +300K
This isn’t an individual, but a crypto-research company based on Liechtenstein. Their specialty is the professional financial analysis of the cryptocurrency market, and their comprehensive reports are now well-known: 10 editions with over 800.000 impressions in 187 countries. Not bad.
Their June’s edition, the last one, includes 61 pages of analysis about Bitcoin future’s price. In tiny font. So, as you may think, they take seriously the forecast. We kindly summed it up for you (you’re welcome): based on the total monetary supply and the velocity it’s being used in the wild, they calculate Bitcoin will be sold at 341K by 2025, and even will reach 395K for 2033.
Additionally, for the current year (2020), they think Bitcoin will still rise to 19.044 USD. And, according to the same research, 40+ million cryptocurrency-users exist around the world already. We hope you’re one of them, and if not, wait no more!
Jeremy Liew and Peter Smith +500K
Liew is the current Managing Director at Lightspeed Venture Partners, a venture capital firm that engages in consumer, enterprise, technology, and cleantech markets. He’s well-known to be the first venture capitalist who backed the successful Snapchat, and he’s in the 34th position of the Top Tech Investors 2020 by Forbes. Among his other inversions is the popular hardware crypto-wallet Ledger, by the way.
According to this guy, who literally dedicates his time and money to invest in successful projects, the price of Bitcoin could reach an amazing 500K by 2030. Peter Smith, the CEO and co-founder of the famous company Blockchain (like the explorer and the wallet, that one), totally agrees with this.
They considered six factors for their prediction: a bitcoin price of $1.000 in 2017, network users will grow by a factor of 61 from now until 2030, the average value of bitcoin held per user will hit $25.000, Bitcoin’s 2030 market cap is decided by the number of bitcoin holders multiplied by the average bitcoin value held, Bitcoin’s 2030 supply will be about 20 million and Bitcoin’s 2030 price and user count will total $500K and 400M, respectively.
Wences Casares +1M
He’s the co-founder and CEO of the crypto-company Xapo, and he also sits on the boards of PayPal, Libra, and Coin Center. In the past, Casares created as well a bunch of successful companies like Patagon, Wanako Games, and Lemon Wallet; all of them sold to big names: Santander Bank, Activision, and Banco do Brasil.
Well, the thing is at the Consensus 2017 conference in New York, Casares said Bitcoin would hit not just the moon but the next galaxy, with 1M per unit before 2027. Although, before you run to buy like there’s no tomorrow, he also said this:
“The Internet doesn’t have a currency and it desperately needs one (…) The biggest mistake [would] be to buy more bitcoin than you can afford to lose. The big mistake is [also] not to own any bitcoin. Put 1% of your net worth in bitcoin and forget about it for 10 years”.
It doesn’t sound like a bad plan if you’re asking us.
Prime XBT +25K
Prime is the second (haha) and last company in our little list. And yeah, isn’t 250K but some humble 25K. Someone should be a bit conservative, after all. This professional trading firm was established in 2018 and now serves 150 countries.
According to their March report, they gathered “some of the best technical analysis from the industry’s best analysts” in order to peek into the Bitcoin’s future. Or at least try their best. The results were a low of $5.000 and a high of $25.000 by 2021. Their record was for 2025, with a maximum of $310.000.
Seen all these forecasts, we should remember the divination is a dangerous practice, even done with some math. The only sure thing we have is the certainty that there are infinite possibilities. In any case, Bitcoin has already proven its worth beyond the prices.
Originally published at https://blog.alfa.cash on August 22, 2020.