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Bitcoin Price Prediction 2020

Bitcoin Price Prediction For 2017, 2018, 2019, 2020 And 2021 - Long Forecast

Bitcoin Price Prediction For 2017, 2018, 2019, 2020 And 2021 - Long Forecast

Bitcoin Price Prediction For 2017, 2018, 2019, 2020 And 2021 Bitcoin price equal to 16448 dollars a coin. Today's range: $15734 - $17269. The previous day close: $16334. The change was +114, +0.70%. Inverse rate: USD to BTC. Bitcoin Price Prediction For 2017, 2018, 2019, 2020 And 2021 Bitcoin price prediction for December 2017. In the beginning price at 9878 Dollars. Maximum price $24881, minimum price $9424. The average for the month $16859. Bitcoin price forecast at the end of the month $23253, change for December 135.4%. BTC to USD predictions for January 2018. In the beginning price at 23253 Dollars. Maximum price $28861, minimum price $23253. The average for the month $25585. Bitcoin price forecast at the end of the month $26973, change for January 16.0%. Bitcoin price prediction for February 2018. In the beginning price at 26973 Dollars. Maximum price $33479, minimum price $26973. The average for the month $29679. Bitcoin price forecast at the end of the month $31289, change for February 16.0%. In the beginning price at 31289 Dollars. Maximum price $38836, minimum price $31289. The average for the month $34427. Bitcoin price forecast at the end of the month $36295, change for March 16.0%. Bitcoin price prediction for April 2018. In the beginning price at 36295 Dollars. Maximum price $36295, minimum price $31241. The average for the month $34356. Bitcoin price forecast at the end of the month $33593, change for April -7.4%. Bitcoin Gold Price Prediction 2018, 2019-2021. In the beginning price at 33593 Dollars. Maximum price $41696, minimum price $33593. The average for the month $36963. Bitcoin price forecast at the end of the month $38968, change for May 16.0%. In the beginning price at 38968 Dollars. Maximum price $48367, minimum price $38968. The average for th Continue reading >>

Bitcoin Prices For March 2018, March 2019 And March 2020 And Why.

Bitcoin Prices For March 2018, March 2019 And March 2020 And Why.

Bitcoin Prices for March 2018, March 2019 and March 2020 and why. My long term price predictions are as follows: How I arrived at the above numbers........ July 17th 2010 bitcoin price was $0.05 (the price when it started TRADING) and on Dec 6th 2010 bitcoin price was $375.00 Time interval between both dates is 1604 days or 53 months The computed doubling time for Bitcoin worked out to be 4.1 months between the two dates ie every 4.1 months over the 53 months time period , the price doubled I then took the 27th Feb 2017 price of ($1177) as a start date & price and using MS Excel's POWER Function in a spreadsheet projected it forward for the next 4 years again assuming it ( the price ) will be doubling every 4.1 months ( which is historically what it did between July 17th 2010 and December 6th 2010) July 17th 2010 bitcoin price was $0.05 (the price when it started TRADING) Time interval between both dates is 2418 days or 79.497 months then i took the 27th Feb 2017 price of ($1177) as a start date & price and using MS Excel's POWER Function in a spreadsheet projected it forward for the next 4 years, again assuming it ( the price ) will be doubling every 5.473 months ( which is historically what it did between July 17th 2010 and Feb 28th 2017) which gives the following price predictions both scenarios assume that the price doubling is constant going forward , and yes i know it wont actually happen like that , but it a good excersise to see how close i end up being to my original scenario 1 & 2 predictions Thats how i worked out my predictions, i also took into account that a lot of technologies grow on an exponential curve, and i think that Bitcoin is one such "technology" good post. it would have been 10 times better if you said these things on a chart that you extrapola Continue reading >>

Bitcoin Price Predictions For 2018: An Expert Roundup

Bitcoin Price Predictions For 2018: An Expert Roundup

Bitcoin Price Predictions for 2018: An Expert Roundup Last updated on December 13th, 2017 at 07:37 pm The wild growth and recent price fluctuations associated with bitcoin have investors seeking price predictions for the coming year. Investors are understandably concerned about whether bitcoin will experience a crippling course correction, or continue rapid growth. It might accomplish both. In November, bitcoin plunged nearly 30% before sharply rebounding to hit the $10,000 price range. This recent rebound involves fueling market anxiety and the fear of missing out (FOMO) among new investors. As a consequence, bitcoin prices will continue to rise, and assertions that bitcoin has entered bubble territory will undoubtedly intensify. However, since cryptocurrency prices are not based on earnings, the market will likely remain highly speculative and volatile. Nevertheless, bitcoin analysts are doing their best to ascertain whats in store for 2018. Supply and Demand as a Determining Factor of Bitcoins Price For some analysts, forecasting cryptocurrency prices simply requires examining current factors related to supply and demand. In an interview with The Motley Fool , David Drake, founder of LDJ Capital, asserts that bitcoin will reach $20,000 next year. He based this number on its fixed supply. (Only a limited number of bitcoins are mined each year.) Indeed, Drake refers back to simple supply and demand: Theres a fixed supply of it but growing demand, when that happens the price rises. Drake also noted that the code underlying the creation of new bitcoins is capped at 21 million lines, but only 4.3 million of them are above the current supply. Unfortunately, without a firm measure to guide cryptocurrencys valuation, bitcoins high growth market leaves analysts prone to freq Continue reading >>

Bitcoin By 2020

Bitcoin By 2020

Analysts disagree on Bitcoins price in 2020, but all signs point to additional growth. By now, many Bitcoin enthusiasts are trying to work out a realistic projection for Bitcoin over the next few years. From analyst Ronnie Moas who sees a $15,000-$20,000 value by late 2020 to independent views that point at $1 mln per Bitcoin, some of these predictions seem outrageous and outright impossible. Following the activation of the SegWit protocol and early testing of the Lightning Network that SegWit enables, the Bitcoin market has been gradually edging to a capitalization of almost $80 billion. Bitcoins market capitalization is now about 50% of the entire crypto market and has now exceeded 1% of golds estimated $7 tln market cap. Bitcoin is nearly half of Visas $200 bln cap. Bitcoins daily transaction numbers have been growing steadily. According to Coinmarketcap, Bitcoins daily trading volume is about 400,000 BTC per day while only 1728 new Bitcoins are created through mining each day. By the next halving in 2020, the number of Bitcoins mined each day will drop to 864. By the subsequent halving in 2024, there will only be 432 new Bitcoins produced each day. Some time around 2032, nearly 99% of all bitcoin to ever exist (20,671,875) will have been mined. After that, people will spend the next 100 years trying to get their hands on the remaining 1.6%. At some point, people are likely to realize that nearly all the Bitcoins ever to exist have already been mined, and there arent nearly enough Bitcoins to go around. When this happens, there will likely be major fear of missing out and prices should climb accordingly. If the price continues to rise as it has this year (going by the $689.80 Bitcoin price as of early July last year), Bitcoin will reach about $20,000 by the next blo Continue reading >>

Revealed: Bitcoins Price In 2020

Revealed: Bitcoins Price In 2020

This July, software grandee John McAfee donned the fools cap and brought down roars of laughter upon his head This bedlamite actually predicted bitcoin would reach $500,000 by the end of 2020. His forecast was rooted in the lunatic assumption that bitcoin would close 2017 at $5,000. And McAfees $5,000 bitcoin is miles off course. For today, bitcoin trades not for $5,000 but $10,665. Has the supposedly delirious McAfee undervalued bitcoin 50%? And might bitcoin be worth not $500,000 by the close of 2020 but $1 million? But we live in preposterous times and are asked to believe preposterous things. That deficits dont matter, for example that todays stock prices are justified by fundamentals that the true unemployment rate is 4.1%. Why is $1 million bitcoin any less plausible? Here madman McAfee rises in defense of his claims: When I predicted bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. And here he fits himself for the straitjacket: I now predict bitcoin at $1 million by the end of 2020. McAfee is so confident in his $1 million forecast hes placed what we can only call a high-stakes wager upon it. To repeat it in these pages would run afoul of our strict Presbyterian standard. Let us simply state that hes putting his manhood on the line. Could $1 million bitcoin be three years off? Three years later, its $10,665 over 30 times higher. Why cant it rise another 30 times in three years? Or more? Bitcoin was treated to last rites at $200 $1,000 $3,000 $10,000. Each time its stormed from its death bed with defiant yells and obscene gestures for the mortician. Even if bitcoin increases another 30 times from todays $10,000 that only means $300,000 bitcoin by the end of Continue reading >>

Bitcoin: How High Can Bitcoin's Price Go In 2018? | Fortune

Bitcoin: How High Can Bitcoin's Price Go In 2018? | Fortune

Had Jerry Britos daughter waited longer to emerge, she might have been someone else entirely. In November, as Brito paced the hospital for 23 hours while his wife was in the delivery room, he floated an alternative name for the baby: Ten Thousand. The founding executive director of the nonprofit Coin Center, Brito had spent years advocating for Bitcoin , arguing that the cryptocurrency, and the technology underpinning it, would dramatically change our economy , reshaping the world into which were all born. Now Brito was on the cusp of realizing two long-held dreams. Even as his wife went into labor a few days after Thanksgiving, Bitcoin was taking off as well. Worth $950 at the start of the year, its price breached $9,000 while Brito waited in the maternity ward. This explained why his daughter was taking her time, he began saying: This baby does not want to be born in a world where Bitcoin is not $10,000. Alas, the price was only $9,600 when Britos daughter arrived early Nov. 27; the parents went with a different name. But Bitcoin broke $10,000 the following night. And in the newborns first 10 days on earth, it more than doubled again, grazing $20,000. In all, Bitcoin has seen a roughly 20-fold rise since the beginning of 2017, outshining virtually every conventional investment. For true believers, the soaring rise rewarded a deep-seated faith. Its always been kind of obvious to me that this technology is as profoundly revolutionary as the Internet was and is, Brito says. But Bitcoins spike also represented the revolutions next phase. Less prescient investors, fearing theyd miss the opportunity of a lifetime, had jumped into the currency, spurring a frenzy. If Bitcoin is successful, the opportunity I have, my son will not have, and definitively, my sons son will not h Continue reading >>

How To Beat Fomo: What Are Bitcoin & Ethereum Worth In2020?

How To Beat Fomo: What Are Bitcoin & Ethereum Worth In2020?

How to beat FOMO: What are Bitcoin & Ethereum worth in2020? 6/13/17 Edit: updated with feedback from a few Redditors Its been a big year for cryptocurrencies, with the total market cap for crypto jumping 6x since January 1st - from $18B to over $111B as of June 13th. The FOMO (fear of missing out) is real. New money is entering the market at a staggering rate - to the degree that many exchanges have had problems on-boarding and verifying their new customers to keep up with demand. These new investors are coming in droves after hearing about sky-high returns from a friend or friends friend or a friend of a friends friend. Once theyve gotten through the verification process on Coinbase or Gemini or Kraken, they execute their first market order and the rush of the cryptocraze washes over them. To the MOON! Then price drops by 10%, our new investor freaks out, convinces themselves that theyre hardly ever right, that ETH or BTC is going to $0 and that they should just cut their losses. They panic sell, adding fuel to the micro-bear run and the price continues to drop. Whew, that was close. Got out just in time. A short time later, they see that the price is not only retracing back toward their entry price, soon theyll realize that it will exceed it. They just bought high and sold low. They leave the market. Recent moments of FOMO in BTC & ETHtrading Weve seen this play out a number of times this year, and as an investor myself, I too get concerned when I see the price of ETH & BTC begin a FOMO trend. Ive seen the value of my portfolio drop by 2050% in hours. However, in order to counteract FOMO and any knee-jerk panic selling reaction I might have, Ive done two things: First, Ive taken my coins off of the exchanges. This prevents me from having my finger on the trigger and Continue reading >>

17 Answers - What Is The Expected Price Of Bitcoin In 2021?

17 Answers - What Is The Expected Price Of Bitcoin In 2021?

What is the expected price of Bitcoin in 2021? The exchange rate of 1 BTC in the year 2021 is anyones guess. Its a pure product of supply-demand. But here is the problem with predictions: The overall supply is well known: There are 16.5 million BTC in circulation now and there will be 21 million in 2130. This is a mathematical certainty. There will never be more. But demand is a hotly debated issue, and is affected by many things: Gradual legitimization (fraction of businesses accepting Bitcoin) Public perception of adoption and future growth Attempts at regulatory/legislative intervention Payment and storage simplification, especially wallet safety (processes must be mapped into familiar legacy behavior and mechanisms) Ultimately, demand boils down to user adoptioneither as a payment instrumentor, especially, if it gains traction as a viable alternate or primary currency. You asked what Bitcoin will be worth in 2026. Although no one can answer with certainty, we know exactly what it will be worth five years lateron February 24, 2026: How much will 1 bitcoin be worth in 2026/27? So if you purchased at a lower cost before that value on that date, then I suggest that you hold on Ellery Davies co-chairs CRYPSA , publishes A Wild Duck and hosts the New York Bitcoin Event . This month, he will kick off the Cryptocurrency Expo in Dubai. 2020 is after the next halving, so its probably going to be insanely high, 100K minimum. But if Bitcoin keeps growing with an average of +0.42% per day, the same as it has done in the past 7 years. It should be around 250k in 3 years. According to analysis by Dennis Porto, a bitcoin investor and Harvard academic, bitcoin's price could hit $100,000 per coin if it continues to follow one of tech's "golden rules" Moore's law. The rule, which was Continue reading >>

Bitcoin At $1 Million By 2020: Mcafee Doubles Down On Bullish Bet

Bitcoin At $1 Million By 2020: Mcafee Doubles Down On Bullish Bet

Bitcoin at $1 Million by 2020: McAfee Doubles Down on Bullish Bet Join our community of 10 000 traders on Hacked.com for just $39 per month. John McAfee, whose fame exists rather heavily due to the software company he founded in the late 1980s, took to Twitter yet again on February 2, 2018, to reaffirm that he was indeed bullish on bitcoin . In an attempt to predict bitcoins price at the end of this decade, McAfee had previously stated that it would reach $500,000 by the end of 2020. In November 2017, he tweeted that the cryptocurrency had accelerated much faster than expected, causing him to raise his prediction to $1 million instead. McAfees bitcoin prediction is not all that he has stated in his tweets though. He has claimed that if bitcoin does not reach his price target by the end of 2020, he will proceed to eat his d**k on national television. While it is obviously near impossible that any televised network will allow such a demonstration on air, McAfee is perhaps trying to instill greater confidence in his prediction. That said, most people, including some diehard cryptocurrency enthusiasts, have derided his bold claims. According to McAfee, his prediction model had only forecast bitcoin reaching $5000 by the end of 2017. The reality, however, panned out to be quite deviant from his model, with the digital currency finding itself at an all-time high peak of close to $20,000 in December 2017. Bitcoin, along with the entire cryptocurrency market, has been on a steady decline since reaching that peak, with the cumulative market cap at least 40% lower than what it was a month ago, at least as of the time of writing this article two months later. Naturally, this has prompted people to question McAfees prophecy for the future. If bitcoin were to hit $1 million by 2020 Continue reading >>

Bitcoin - Price Prediction For 2018, 2019, 2020, 2021

Bitcoin - Price Prediction For 2018, 2019, 2020, 2021

Bitcoin Price Prediction For 2018, 2019, 2020, 2021 At TradingBeasts, we do our best to provide accurate price predictions for a wide range of digital coins like Bitcoin. We update our predictions daily working with historical data and using a combination of linear and polynomial regressions. No one can, however, predict prices of cryptocurrencies with total certainty, thus it is crucial to understand that the following BTC price predictions serve merely as a suggestion of possible price development and are not intended to be used as investment advice. The Bitcoin price is forecasted to reach $8,623.77 by the beginning of April 2018. The expected maximum price is $11,135.28, minimum price $7,571.99. The Bitcoin price prediction for the end of the month $8,908.22. The Bitcoin price is forecasted to reach $8,908.22 by the beginning of May 2018. The expected maximum price is $11,490.46, minimum price $7,813.51. The Bitcoin price prediction for the end of the month $9,192.37. The Bitcoin price is forecasted to reach $9,192.37 by the beginning of June 2018. The expected maximum price is $11,869.03, minimum price $8,070.94. The Bitcoin price prediction for the end of the month $9,495.22. The Bitcoin price is forecasted to reach $9,495.22 by the beginning of July 2018. The expected maximum price is $12,247.12, minimum price $8,328.04. The Bitcoin price prediction for the end of the month $9,797.70. The Bitcoin price is forecasted to reach $9,797.70 by the beginning of August 2018. The expected maximum price is $12,650.55, minimum price $8,602.37. The Bitcoin price prediction for the end of the month $10,120.44. Bitcoin value forecast for September 2018 The Bitcoin price is forecasted to reach $10,120.44 by the beginning of September 2018. The expected maximum price is $13,067 Continue reading >>

9 Industry Experts Share Their Future Bitcoin Price Predictions

9 Industry Experts Share Their Future Bitcoin Price Predictions

9 Industry Experts Share Their Future Bitcoin Price Predictions 9 Industry Experts Share Their Future Bitcoin Price Predictions 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 arequite differentfrom what one would expect. We asked a few industry experts how theyenvision 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. 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. 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. As the preeminent crypto brand, Bitcoin will continue to increase in value. Well 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 dow Continue reading >>

25+ Answers - What Is The Bitcoin Price Prediction For 2017, 2018, 2019 And 2020? - Quora

25+ Answers - What Is The Bitcoin Price Prediction For 2017, 2018, 2019 And 2020? - Quora

What is the bitcoin price prediction for 2017, 2018, 2019 and 2020? Originally Answered: What could be the value of Bitcoin in 2018? If i could accurately predict financial markets I wouldnt be writing answers on Quora, as opposed to managing the billions of dollars given to me by investors for my future seeing eyes. So Take all this with a large grain of salt. at its current stage in life Bitcoin has a long way to go before it dies or shoots up to the thousands of dollars. I think we can safely believe Bitcoin is going to drop back down from its high ask $900-$1000 just as it did in 2013. However I dont think the drop will hurt holders of the coin as much as it did back then. If you look at this chart youll see that the amount of trades a day has sky-rocketed in the past 2 years. This alone tells me that it wont hit $300 levels again from 210718 or at the very least stay at $300 levels for more than a week. So far there have been no new groundbreaking innovations to create more desire for the coin other than hedging against economic crisis. Despite what lovers of the coin say, Bitcoins prices are still influenced by Darknet markets like Alphabet and Agora. None of us know whether the demand for drugs and other illicit items will rise or slow down in the next couple of years, however we do know it will always exist which means there will always be a demand for Bitcoin unless a better financial substitute for fiat cash comes along. Back to the point of economic crisis. Just like gold, Bitcoin is most valuable when other investments arent or at least dont appear to be. As a hedge youll have to ask yourself Will the economy face unexpected events big enough to warrant mass purchases of Bitcoin and other precious commodities? Some say Donald Trump is an erratic person who Continue reading >>

Bitcoin Price Prediction For 2018, 2019, 2020 And 2021

Bitcoin Price Prediction For 2018, 2019, 2020 And 2021

Bitcoin Cash Price Prediction For 2018, 2019, 2020 And 2021 In India. In 2 weeks BTC to INR prediction on Thursday, December, 28: price 1448825 Rupees, maximum 1550243, minimum 1347407. Bitcoin price prediction on Friday, December, 29: price 1497089 Rupees, maximum 1601885, minimum 1392293. BTC to INR prediction on Monday, January, 1: price 1490323 Rupees, maximum 1594646, minimum 1386000. Bitcoin price prediction on Tuesday, January, 2: price 1644405 Rupees, maximum 1759513, minimum 1529297. BTC to INR prediction on Wednesday, January, 3: price 1623059 Rupees, maximum 1736673, minimum 1509445. In 3 weeks Bitcoin price prediction on Thursday, January, 4: price 1629151 Rupees, maximum 1743192, minimum 1515110. BTC to INR prediction on Friday, January, 5: price 1671484 Rupees, maximum 1788488, minimum 1554480. Bitcoin price prediction on Monday, January, 8: price 1689395 Rupees, maximum 1807653, minimum 1571137. BTC to INR prediction on Tuesday, January, 9: price 1833179 Rupees, maximum 1961502, minimum 1704856. Bitcoin price prediction on Wednesday, January, 10: price 1965822 Rupees, maximum 2103430, minimum 1828214. In 4 weeks BTC to INR prediction on Thursday, January, 11: price 2013370 Rupees, maximum 2154306, minimum 1872434. Bitcoin price prediction on Friday, January, 12: price 1953073 Rupees, maximum 2089788, minimum 1816358. BTC to INR prediction on Monday, January, 15: price 1970171 Rupees, maximum 2108083, minimum 1832259. Bitcoin Price Prediction For 2017, 2018, 2019, 2020 And 2021 In India Bitcoin price prediction for December 2017. In the beginning price at 636918 Rupees. Maximum price 1601885 Rs, while minimum price 605190. The averaged price 1085271 Rs. Bitcoin price forecast at the end of the month 1497089, change for December 135.1%. BTC to INR predicti Continue reading >>

Bitcoin Price Predictions

Bitcoin Price Predictions

Sign up to receive bitcoin daily We find the top 3 crypto stories and deliver them to your inbox each morning. Bitcoin was created in early 2009. Since then, weve seen its price increase from Bitcoins to the cent (circa March 2010), all the way up to $8,700+. One of the stories that illustrate this growth best is that of two pizzas, which were bought for 10,000 Bitcoins, on May 22, 2010, by a Florida developer by the name of Laszlo Hanyecz. Those 10,000 Bitcoins (at $8,700 per bitcoin) would be worth over 87 million US dollars today, pitted against the $40 or so they were worth then. Is there any limit to this growth, and if so, where? While nobody knows for sure, there are plenty of anti-Bitcoiners who see the market as a bubble, ready to pop and have Bitcoins price fizzle back to mere cents, and plenty of pro-Bitcoiners, or Bitcoin evangelists, who see little hinderance in Bitcoin growing up to 200 times its current price. Here are seven of those Bitcoin evangelists, and what they think Bitcoin will go on to be worth. Wences Casares is an Argentinian technology entrepreneur living in the US. He is the founder and CEO of Xapo, a Bitcoin wallet startup, and a board member at PayPal, among various other roles. Casares says he first found interest in Bitcoin because of high financial volatility in Argentinas native currency, the Peso. The tech giant bought his first Bitcoins in 2011. Casares believes that Bitcoin will hit $1 million sometime before 2027, speaking at the Consensus 2017 conference in New York. Even better, he believes that Bitcoin could hit one million dollars in as few as 5 years, saying onMay 23, 2017, that the milestone will be reached in 5-10 years. John McAfee is the founder of McAfee Associates which launched first commercial antivirus software in th Continue reading >>

3 Predictions Of Bitcoin's Price In 2020 -- And Why They'll All Probably Be Wrong

3 Predictions Of Bitcoin's Price In 2020 -- And Why They'll All Probably Be Wrong

3 Predictions of Bitcoin's Price in 2020 -- and Why They'll All Probably Be Wrong Here are three scenarios that are entirely possible for bitcoin, both good and bad. Several respected financial-industry experts have made projections about the future value of bitcoin (BTC/USD), and they have literally ranged from $0 to $1,000,000 . While there's no way of knowing what will happen with bitcoin over the next few years, it can certainly be fun to speculate. With that in mind, while I don't want to commit to a specific price prediction, here are three different scenarios that I could see playing out for bitcoin over the next couple of years, and why I'll probably be wrong about all three. Prediction 1: $500,000 if bitcoin becomes a widely used currency Well, $501,493 to be exact. This figure is based on seeing bitcoin surge in popularity to the point where it makes up 10% of the global money supply, an aggressive but realistically attainable percentage if everything goes right for bitcoin. To achieve this ultra-optimistic valuation, here's what I believe would need to happen. Bitcoin would need to become widely used as a currency-- not just as a speculative instrument, or even as a store of value. And there's a lot standing in the way before that could happen. For example, bitcoin would need to become far more user-friendly for people who aren't tech-savvy. In other words, it would need to become as easy as swiping a debit card at a payment terminal, or its road to widespread adoption will be very difficult. In addition, bitcoin's value will need to stabilize, which admittedly is contradictory to a prediction of a $500,000 value. Perhaps most importantly, the traffic capacity of the blockchain network will need to be greatly improved. Today, the entire bitcoin network is ca Continue reading >>

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