Bitcoin potential future value
his prediction again, stating that Bitcoins price will reach 91,000 by March 2020, on the basis of a chart that shows Bitcoins (BTC) performances after past market dips. . 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. Ripple (XRP).91 35,513,987,185 *As of Wednesday,.m. This is Pfeffers most conservative scenario, which he gives 8 odds of coming to fruition. Based out of Singapore with an MSc in Applied Economics Finance from Copenhagen Business School, Van-Petersen is an active Twitter user with no fear of speculating on tough topics like the prices of cryptocurrencies. Gox in 2014, once the world's largest bitcoin exchange, is still fresh in the minds of users. Bitcoin's bad reputation, the bitcoin industry has had its fair share of problems and reputational damage. Van-Petersen who owns bitcoin emphasizes that this is a rough calculation but that his growth predictions could be "conservative" given that in the year 2013 alone, bitcoin's price grew over 5,000 percent. He went on to predict that Bitcoin could even reach as much.6 million in the same time frame.
Since then, weve seen its price increase from Bitcoins to the cent (circa March 2010 all the way up to 19,000 per Bitcoin. Bitcoin is at over 191 billion, Ethereum is at over 84 billion, and Ripple is at over 35 billion. Also, Van-Petersen then implies that bitcoin's market capitalization would be ten times the average daily volume, giving a figure.75 trillion for the market cap. He also believes that the market cap of all cryptocurrencies will burst up to a whopping 2 trillion (from the current 150 billion) within the next 10 years.
At a 300 bln market cap, its certainly seen a lot of price appreciation, but gold is at 6 tln and if Bitcoin how to create bitcoin disrupting gold is true and it plays out then you can see 10 to 20 times appreciation because there is a significant. To displace Ethereum would require a deficit of about 49 billion to be closed (which is more than double Iceland's entire national GDP). "There will emerge two to three main ones. Winklevoss Twins 5 trillion market cap (by ) @winklevoss Winklevoss twins the famous Bitcoin billionaires has said Bitcoin has the potential to of thirty to forty times its current value. . Tom Lee 91,000 (by 2020) @fundstrat Tom Lee is Co-Founder of the market strategy firm Fundstrat Global Advisors, and a well-known bitcoin bull. Disclosure: I don't own any Bitcoin. McAfee recently made waves in the cryptocurrency world after claiming that each unit of Bitcoin would be worth half a million dollars by 2020. Bitcoin hit 2,000 on May. Vers estimate is based on the principles of supply and demand, which he believes creates great potential for Bitcoin as a store of value. Ten percent of 5 trillion is 500 billion. Only time will tell when/if this prediction is reached, though.
The current state of bitcoin. If bitcoin gains just 15 percent each year between now and 2020, coins will be valued at 717 per one Bitcoin. If bitcoin gains 25, prices will top 1,000.
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