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 tegen Bitcoin worden geboren uit angst voor innovatie.
Volgens hem, BTC bereikt eind december 2021 ten minste 100K. “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-onderzoeksrapport (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.
Hun 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, en zal zelfs 395K bereiken voor 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, wacht niet meer!
Jeremy Liew en 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 technische investeerders 2020 door Forbes. Onder zijn andere inversies is trouwens de populaire hardware crypto-wallet Ledger.
Volgens deze man, die letterlijk zijn tijd en geld besteedt aan het investeren in succesvolle projecten, the price of Bitcoin could reach an amazing 500K by 2030. Peter Smith, de CEO en mede-oprichter van het beroemde bedrijf Blockchain (zoals de ontdekkingsreiziger en de portemonnee, die), is het hier helemaal mee eens.
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.
Nou, het ding is op de Consensus 2017-conferentie 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, hij zei ook dit:
“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.
Volgens hun maart rapport, 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. De resultaten waren een dieptepunt van $5.000 en een hoogtepunt van $25.000 in 2021. Hun record was voor 2025, met een maximum van $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.