Bitcoin price, which reached an all-time high in 2017, aroused all over the world. The leading cryptocurrency that managed to attract the attention of the mainstream media grabbed the headlines and caused a huge hype of investors to the industry. BTC, which followed a bumpy path in the past two years, started well to 2020. It recorded impressive returns in the first three months and made its investors happy. However, the Black Thursday collapse in March and the coronavirus pandemic disrupted the progression. Negative voices started to rise in markets where the excitement of rising gone.
The apocalyptic scenarios, which started in March with the fall of bitcoin under $4,000, became quieter as the price increased. Some of the hundreds of predictions made in this process were quite extreme.
6 wildest bitcoin price predictions
1- Mark Yusko: “$400,000 to $500,000.”
In one of these views, Morgan Creek CEO Mark Yusko said that bitcoin could be priced in the $400,000 to $500,000 shortly. Claiming that the market value of bitcoin is equivalent to gold, Yusko stated that the price will act according to this thought.
Yusko’s belief in BTC is so intense that he believes that in 2021 or 2022, crypto will surely exceed $100,000.
2- Adam Back: “$50,000 to $500,000.”
One of the industry’s leading voices, Blockstream CEO Adam Back predicts that the price of bitcoin will range from $250,000 to $500,000 in the long term. Regarding the short-term outlook of cryptocurrencies, Back claims that all-time highs will be broken and BTC will exceed $20,000 before 2020 ends.
According to Back, there is a possibility that the situation will improve and increase the BTC price to $100,000 this year.
4- Marc Bernegger: “$22,000 to $55,000.”
Marc Bernegger, one of the fintech investors of Crypto Finance, claimed that corporate funds will continue to flow into the crypto space and the bitcoin price will reach $55,000 under the leadership of halving and macroeconomic conditions.
According to Bernegger, bitcoin offers more opportunities in terms of hedging than traditional investment tools and this will raise the price of BTC to a minimum of $22,000.
5- Theta Seek: “$100,000.”
Theta Seek, one of the leading crypto money traders, argues that $100,000 for bitcoin will soon be possible. According to Seek, the market will employ 90 million miners, 10 million people will buy bitcoin and this will carry BTC for $100,000.
6- Peter Brandt: “$ 100,000.”
According to experienced finance analyst Peter Brandt, BTC will reach a six-digit price. But we will enter a period of decline before this crazy rise. The number one reason many experts make such crazy predictions is the limited supply of BTC. However, Brandt thinks halving is not that effective.
So do you think bitcoin price can reach these crazy prices? Share your predictions below.