Bitcoin Forum

Straight of the printing press the paper is still hot and the ink wet as we deliver this story to you this evening.

Top Wall Street strategists see bitcoin 'cannibalizing' gold, worth as much as $55,000.

http://www.cnbc.com/2017/07/07/strategist-tom-lee-weighs-sees-bitcoin-going-as-high-as-55000.html

Updates if we can be bothered to post them...

It's 12,000 - 55,000 per bitcoin, we hope that it will happen because we all know fiat value can decrease if government decided to print more of it
And "A simulation shows that this will slow even further to less than 1.5% growth by ~2020, meaning bitcoin supply will grow even slower than gold"
If the demand become high it will make bitcoin price higher and higher

Great news,i can se the possibility,with major nations accepting bitcoin....this is will happen in a short while....

Wow that's very awesome!I can sense it from the start that bitcoin will hit a very huge amount soon.And that is happening today.We must be so lucky to have bitcoin in us.

If you could stop to use  [BREAKING NEWS] in every topic title you create, it will be very appreciated. It's misleading because there is nothing breaking news, and it is very boring for others people. All news you post in this forum are breaking news, while there is nothing special

Ok, time to start to put some BTC in a safe place... ;D

The news is too good to be true. Five years is not a big time and we will see it happen. But this is just a prediction based on some studys and predictions may go wrong. Although it's true that most of us wish to see this prediction turning into reality.

I believe it can be true, maybe BTC can hit that price in less than 5 years... This prediction is also good to bring confidence to the investors and the price may rise faster and harder.

Dollar is already dead because of the pensions.

http://imagizer.imageshack.us/a/img923/9176/SsYGXt.jpg

Source : https://www.bloomberg.com/graphics/2017-state-pension-funding-ratios/


They don't have choice : they must print to fund pensions ... in the future.
And the speed of printing (because all central bank print now) is the key.

...

Meuh6879, vous avez une Private Message!

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There is so much debt in the world that it is hard to say who will break first: USA, Europe, China or Japan.  The numbers are to some degree LIES, and there is little that we can do to really KNOW.

Re your graphic, it is well understood by Americans paying attention that Illinois, Connecticut, California and some others have massive financial problems at the state level.

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O/P

$55,000 is the price per ounce of gold that would eventually reach that top gold analyst(yet relatively anonymous) "FOFOA" stated in 2009 or so.  Wow!  $55,000 gold, and $55,000 BTC!  Whee!!!

maybe 55.000 maybe 0(zero) which one? if alternative quantum theories story on futures happen now. ;D

You are making zero 0 (zilch) none sense just shut your face :D

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I believe it so, if altcoins wanted and if they could compete with bitcoin we should be seeing at least a coin with at least 40% of bitcoin price then we could call it the competition, but look at all of these miserable pump and dump coins with people only losing on them big time while a few so called smart ones are just earning the most profits from poor people losing big time.
Bitcoin is the leader the king and will remain the same as long as we want it to, so having that kind of price is not out of reach.

I remember reading several years ago, before I even joined this forum, several top strategists had predicted a 44000$ coin. So this figure isn't far off. I firmly believe in this possibility.

That's a very big price. I feel happy, because at that price it's really impossible to afford it. So I'll try the best through the different earning chances to have few bitcoins into my wallet which gives a promised growth in my life after years.

Wow that's a great new? o prediction. hopefully it will happen.. How about this year no prediction on what will happen on August 1?

In fact the article gave a range of 20000 to 55000 so the title of the thread is a little misleading, but even the lowest prediction is very good since that will mean that we will earn close to eight times our current investment in just five years, that will be fantastic and nothing except altcoins will come close to getting that amount of growth in that time frame.

Segwit integration.? More than 80% of the support is for segwit so fees will get down and transactions will be faster after August 1.
I think 20-55k is little odd term but I do believe that Bitcoin will grow and as the countries adapting it the value will definitely rise.

That's too much exclamation. "Breaking News". Stop it bruh. Your just fooling yourself. Bitcoin is not moving right now. We don't even $3,000 mark. You think bitcoin could pump that high? I don't think so. That takes a miracle to pump that high or a global adoption to make it happen.

But I heard a different story told by digaran, $50,000 in 50 years possible, as posters above me are already bitching about this high price and we can see some of the capital flying to other crypto currencies, people have already gave up on Bitcoin not because it's bad or slow or fees are high, because they can't just mine or trade it as easy as they do with alts, more Bitcoin goes up the more alts attract people towards themselves, but we will see such prices in our life time.

Just one question what is the author of this article high on weed, meth etc? This days people just want to get high and enjoy the popularity of Bitcoins. I think this is the quite high exaggeration at its best. I will be happy if it goes but then I feel it's highly doubtfull I think he may be written 5500 and added one zero by mistake that's what I can infer so far, let's see what others have to say.

whenever price of bitcoin goes up everyone starts to bring out their big guns of speculation and call a different high number. some of them have some good points and some are just throwing numbers. haven't decided which one this is.
but it is not a big thing really to doubt. bitcoin does have the potential of going that high. there is still the same limited number of coins available and the max amount has not changed :)
and demand is still rising for this limited supply.

To be honest, I'm not even surprised to see that number being only $55k. Its clear that more and more companies and establishments are beginning to accept Bitcoin and this is a step in the right direction for the skyrocketing prices in the coming years.

What? The dollar isn't dead due to pensions. Pensioners retirements are dead. How is the dollar impacted directly by the states not siphoning off enough money to fund their liabilities?

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Let's consider if this is a credible projection.

First, it comes from a strategist at a firm called Fundstrat. Anyone heard of Fundstrat on Wall St.? Me neither. Ok, so the firm is new (at best). 

Second, the strategist is named Tom Lee and has a well credentialed background on Wall St. He's also the lead guy at Fundstrate. Ok, a seemingly credible mind standing by this projection.

Third, the model. We get some glimpses in to his thinking. He's comparing the value to gold, claiming that gold production is increasing while (obviously) bitcoin production is decreasing. This will make bitcoin more scarce. He also cites bitcoins security features as advantageous for storing wealth. Serving as a better option to gold is the primary driver. They don't offer any hint at the math that gets them to the number but do divulge that their prediction range is $12,000 - $55,000...that's a HUGE range. Anyone here think it's impossible for Bitcoin to hit $12,000 in 5 years? Me neither.

Fourth, since Lee has taken incredibly bearish positions and points of view on the US stock market earlier this year he does need to have an answer to "so where should I put my money?" Bitcoin offers a good answer...and his prediction get's him good press coverage.

Finally, it's exciting to see Wall St. take notice to Bitcoin. Let's hope the attention continues to be positive.

it won't happen overnight. there will be some slow growth at first then more adoption, then there will be more rise and with the problems and debated solved the price will start rising faster. so for anything above 10K you should expect at least a couple of years of rise.

That prediction might be too much too soon, and as much as I want the price to reach that level, that seems to me to be a very bold prediction. Gold took a while to reach its market value of 7 trillion dollars, and bitcoin might take a while to even make $500 billion. But it's worth finding out as the years lead us closer to that estimate.

Excellent analysis of the article.  It's enjoyable to see there kinds of predictions from creditable folks, but this guy is a bit of a contrarian (I am too I'll admit) so may not make as much impact - contrarian investors tend to get scoffed at a bit.

$55000 ? It was a fantastic price. I hope it will happen. Although still far from expectations.

I will believe them if the financial institutions of Wall Street pump Bitcoin to that level themselves. But if they are just saying that just to get some attention, I say do not listen. People from Wall Street are bigger scammers than the people from the world of crypto.

Indeed ...

http://imagizer.imageshack.us/a/img922/9044/IBPhIC.png

Yeah... trust this guy.

http://www.davemanuel.com/2008/08/07/jpmorgan-chase-cos-thomas-lee-stocks-will-rise-much-higher-by-end-of-2008/

PMorgan Chase & Co's Thomas Lee: Stocks Will Rise "Much Higher" by End of 2008


Do you remember how this ended?

https://www.bloomberg.com/news/articles/2017-01-06/wall-street-s-most-outspoken-stock-bull-reverses-now-top-bear

This is good news! i might consider invest more money in bitcoin and hopefully he reach higher value!!

wow thanks for that's source. Its really a good news if it will happen. I will read more about thomas lee. :D

it should go even higher than 55,000 honestly. The more and more other countries are getting into it the more the price will go up.

We are seeing unprecedented growth in countries making it legal or accepting it to be used in their hedgefunds and portfolios for banks.

Bitcoin will go probably a million a coin once every country adopts it as a payment method.

It might be hard to believe for our bitcoin community as the price is ridiculously high. But the thing is bitcoin community and market cap is very less right now. Bitcoin community being a size of 5 million or less (less than 0.1% of world population). There is huge market available outside. With countries making bitcoin legal and many retailers and merchants accepting bitcoin. Bitcoin will become worldwide phenomenon. Users may rise exponentially. Price will rise with the same pace. $55,000 is possible.

Yeah right. They keep on speculating so that more investors will hold  bitcoin and in doing so, after several years of holding they are correct. Many investors and financial group already predicted the same, maybe they have a bigger holdings.  ;D

That was really a great thing if that happened but i guess predicting is not a sure thing as we all know and we dont really know what gonna happened after 2-5years in the price of bitcoin it could also get lower and could increase also at at a time but news are not a good source.

whenever i see a new like this, it just makes me mad. because i remember all these years that when price was still low and nobody though it can go even above $1000 i was saying 10K is big but possible. but now that it has gone above everyone's expectations then all those naysayers are now saying yes to 55K! and i am still saying the same thing. 55K is big, hard but possible.

That mean they're finally investing some money into bitcoins and want to make sure everyone else buys up too so they can profit quicker. I would do the same if I had the same reach. Why be all doom and gloom with your own investment? That would be stupid.

Well hell now I'm just going to sit with everything I have and keep on hodling, probably not even worth trying to play the market at this point and it would be more effective to just sit on what I have and not worry about what's happening with the market while waiting for the trends to continue.

I am normally very skeptical of predictions that try to say something like this as a high likelihood, but the trends are proving me wrong and I think there are going to be a lot more favorable pieces being published as more people begin to talk about it. Considering this is an article from yesterday/the past two days, it isn't something based on old data, like I see a lot of other pieces of information being posted on here seem to be.

Oh now that is just what I was looking for. Hah. Would not want to be in his shoes at the end of 2008.

If it happens then it will be good news for us. A high number for the value of bitcoin.I hope in the coming years it will increase as predicted.

Its not actually a breaking news but its just an another speculation on bitcoins price on next 5 years. If it would happen then it would be a great thing for us bitcoin users specially to those who hold of for long term but this thing isnt guaranteed since we know prices might pump or dump on bitcoins ecosystem and no strategist would ever can predict the price on ahead of us.

five years into the future prediction... wow ... I would be happy if I was able to predict bitcoin price next month ...

ed;typo

I agree, the prediction is to good to be true but looking back years ago no one knows bitcoin will rich $3,000 from being just cents this is very possible to happen but 5 years is just short period and we can never be sure what will happen the next few years with bitcoin.

I believe so. The demand for bitcoin and crypto-currencies is growing and that fact that bitcoin is limited by 21 milions makes people to save it with the expectation of the higher price. The situation looks like that: people are collecting bitcoins and bitcoin is actually circulating between people who don't keep it, but the amount of kept bitcoins are growing, that fact is making the value of circulating bitcoins smaller and smaller. people want bitcoin and the demand makes the price to grow. The next top point is going to be 4000$ which, by my opinion, we will see this year already.

Breaking news could not be more appropriated than here. I saw it everywhere ! But at least, that is cool, and for sure that will be a great argument to convert a few more people to Bitcoin.

This is great news, and i think the bitcoin price will increase highly during this few coming years, may be it will reach even more than $55k in the next 5 years. If we check the history of Bitcoin's price since 2010 till now we can understand this prediction easily.

well it's not too far from reality, if wall street join the market, we can have that value by the next halving, i'm also on the side of those that think that by the next halving $10k will be the new stable value

but we all now that these kind of prediction are all bullshit for the long term, just wait and see it can shot to 10k even in this year if segwit do good

Lots of analysts make predictions... They are not paid to be right, but to make predictions. 

The main shift in investors attitude imo is a move out of gold, and into silver and bitcoin. Obviously gold is still going to be a big part of the financial system but there are probably more silver supporters, and bitcoin adoption is obviously skyrocketing.

As the market cap gradually shifts in bitcoin's favour, so will the price.

Don't forget that every single halving thus far have proved to be the killer of bear markets. I don't expect the 2020 halving to be any less than this, $55000 seems crazy now but could well be the price of each bitcoin by 2022. Plenty of time, 5 years.

I think this prediction is meaningless, five years is too long, although I also optimistic about the development of BTC, but I have to pay attention to its risk is also exist, such as the block is now facing congestion 8)

Yes good point. No can predict the market. What by then a war broke out between South Korea and the North or a zombie apocalypse started or something? That will be a big blow on the world economy and I am sure no asset is safe, including Bitcoin.

Let us assume that all of the countries will legalize bitcoin in the next few years and as you expect the price will continue to rise exponentially ,but what makes you think that it will attract new people who are yet to start using bitcoin if the price is really high ,i am sure people would not invest in bitcoin for such a high price to use it to purchase goods in the local market. :D

This kind of news make us  start to gather more and more btc just to secure us a bit financially  I guess !
It's good to hear this kind of news, and have to continue earning btc  while we can !

I would not blindly trust such news. Of course I like this prospect, but people are always inclined to believe in what is beneficial to him and not to look around. This can have fatal consequences. Whales may deliberately provoke such rumors in order to maintain a steady demand for bitcoins and sell their stocks.

the words for bitcoin will cannibalizing gold seem pretty extreme for me and i personally consider prediction just only a prediction no more or no less but to proof that it took more time however maybe in the future we will see new trend that most of gold investor will considers bitcoin as the investment or more likely will choose digital currency as the main investment rather than physical investment such as gold so if this is really happened i think surpassing $20k is not impossible for bitcoin

Every day there is another prediction, $5,000 in three months, $1billion in 10 years, as long as bitcoin keeps on increasing I think everyone will be happy but some of these predictions are just plain crazy.

55K in five years is certainly possible but right now I wouldn't make a lot of predicitions since we have something huge coming up in august. Maybe we will have another insane explosion in price. We should just patiently wait for now.

You should have seen rpietila posts from 2013 (I think).
He called for a 300k price in 18 months with a nice graph and a lot of arguments.
Too bad he went nuts afterwards and then total with the whole manure scam



And in 20 years each bitcoin will be worth 1 trillion and next years the US will pay it's debt with 1 satoshi.

I'm pretty sure that if you take a few trading graphs, scale them,delete the bad parts and then draw the lines a bit more "accurate" you will hit 1 trillion in 20 years.

All this news of high speculation without any basis cannot but amaze me because I don't understand how someone will just sit somewhere do some drawings on the graph and make some predictions on how it will go without even considering several factors and influence outside the control of bitcoin itself. August 1 is coming in which we don't know what the outcome will be for price, someone is here deciding about what will happen to price in the next 5 years.

I see some people replying great news! I won't classify this as great news yet until it happens as these are just mere speculations from someone declaring his or her wishes to the entire globe. Strategist or not, he should tell me if his strategies now allows him to see the future. One thing I'm sure of anyway is that we are heading to the moon and speculations like these too helps!

$55 000 per BTC? Damn!  8) ;D The 21-Bitcoin-Club members will be literally millionaires!   ::)

On a more serious note though, Wall Street predicted $5000 per BTC like 3-4 years ago and as we can see we haven't even reached that so I am gonna take their newest prediction with a mine of salt.


http://r1.ien.com/files/base/indm/ien/image/2017/02/640w/inside_salt_mines_5.58a6fb51a8f0c.jpg

It is good to see that someone in the Wall Street makes bold predictions on Bitcoin, simply Bitcoin hitting 20,000$ to 55,000$ in the next 5 years is simply big for Bitcoin. What can we translate about it? It means that it is not too late to invest in Bitcoin even in this level as the returns are ten times more in the future. However even if it is predicted by an expert let us not get carried away that Bitcoin is still a volatile currency and we still don't really know the future it will hold for itself. Let us just monitor it frequently.

We are very close to $5,000 per coin. If things go as planned in August, then the $5,000 mark is just a formality. These Wall Street analysts are not plain idiots. They know the market, and most of their predictions come true.

maybe few things gold will be useful for ... wedding rings, electronic circuits, tooth loss, etc ... the financial era is over  :D

"Gold is a chemical element with symbol Au (from Latin: aurum) and atomic number 79. In its purest form, it is a bright, slightly reddish yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal and a group 11 element" 

These 7-8 years of bitcoin can answer that very well. How price increased approximately 20,000,000X since 2009 till today. But are there any less numbers of buyers? Definitely a big no. Today people might not able to buy a whole bitcoin. But they can buy in Satoshis and can still earn a good profit by investing in bitcoin. Same will be the case in future.

This is all because of its limited supply and demand will always be there no matter what.
Hence, I believe bitcoin will remain an excellent investment for a reasonably long time.

"The way to become rich is to put all your eggs in one basket and then watch your basket." - Andrew Carnegie

Let's see this wolf of wall streets predictions where they could lead us  ;D

this is so true, three years ago it was worth nothing but look at it now its rate is growing faster, It has already shadowed all other currencies. Like oil and gold which were at a time the biggest resources of economy, now it’s the era of bitcoin and data. Bitcoin will shadow gold and oil in the coming few years. Bitcoin is the future that awaits.

This would not be surprising, really. Think about it... Bitcoin multiplies by three every time we see a parabolic rise. It would only take a few more of those to get there, and 5 years is certainly enough time. Heck, we could see more than 3x rise, like 6x (previous two parabolic rises). In this case, we could see this figure in just a few years, actually.

This is nothing new analysts are trend followers so when they see some asset is doing good the best thing they can do is to forecast that asset is going to keep doing well,  but as we know there are trend reversals, and when that happens this are the people that end holding the bag with highly overvalued stocks or in the case of crypto tokens.

I think after 5years bitcoin hit 1,2000$ but it's my personal opinion.Anything can do after 5years.

I'd rather keep encouraging a non-compromised Bitcoin and its continuous decentralization than be seduced with an insane price.

It's funny when the traditional finance world tries to predict crypto...lol.

$55,000 that's unrealistic. We are not even getting back at $3,000 at this moment and there are some already speculating $4,000 , $5,000 and others are saying $10,000. This is just attracting new investors, wall street is one of the most known for having investors, businesses that are big. And I guess this is good for us.

crazy that this might actually be true

We always see this strategist and analysis in the news it is something to have some kind of entertainment in their part. Another scenario I see is that this man is hyping up Bitcoin because he is holding some of it and maybe his friends as well, this has happened in the past and will happen until now. So from my perspective even if he is an analysts we still want to do our own research as it is much safer and will create less bias for Bitcoin.

I dont see bitcoin price will reach 55,000 dollars each because thay price is very high . Many people said the maximum price of bitcoin will be 10k to 20k dollars each. And I think it will happen 10k dollars in the next few years but 55k dollars is very impossible to happen. 10k dollars is good and enought to make a lot of money if you have thousands of bitcoins for sure you will become rich or millionairr in the future.

I think it is a bit overrated. 55000$ it is 23x growth. It is possible at the begining.. But now, it is not possible, I think. This value will be devided between 3-4 Crypto currencies.

I still keep bitcoin in my wallet, I think in five years it will be worth much more than that.

The second scenario is more likely to happen as I doubt much that they have not invested within this already for a long time,they are always looking for new ways of investing and I do not think this is the exception,so the main stakeholders would be them,maybe that's why they make that prediction so high for that time.

$55,000 would be nice! Although 5 years in cryptoland is a loooooong time.

$10,000/coin is possible but i don't know about $55k lol.

Great news! If we believe it then it's good to invest in Bitcoin at this early. But what about this coming August 1, 2017? I think it's wise for everyone to wait for that event first before we celebrate that joyful news! :)

It's amazing how small our market cap really is. I wonder when the paradigm shift will be and cryptocurrencies take over fiat. Then we'll see 550k a piece.

Sounds good but high value means also high fees. Its impossible I think it will take a lot years before achieved that price, Its funny how did they come up with that prediction.

We need to go to the moon first before we can reach pluto. 😂

I think this is great news, so I will not sell bitcoin if I do not need money, I'm sure bitcoin prices will continue to rise and this year will soon reach $ 5000.

This breaking news is actually breaking me! LOL

I highly doubt this prediction but who knows. I hope this will come true. But as to the basis of this speculation, I doubt it. We are somewhere in the $2500 figure. This 2017 might end up with a $3500 figure. So I don't know when this $55000 will happen.

No way.

But it will likely be back up to 3K within the next month... and when it is it will climb to 4K by the time you can blink, as the people with cold feet will join the left over sharks that didn't strike when the iron was hot (and it hasn't been hotter than now since it was in triple digits), and it will soar.  I know a lot of the people that got out when it approached 3K and put their money in liquid assets temporarily are re-investing back into BTC this very moment as they eyeball that 2100. 

Then it'll stabilize around that 4K for a bit, and then continue a slow but steady climb as more of those BTC ATM's will start sprouting up and even more institutions will accept it as currency.  And even the average Joe will learn about it and we'll start seeing lines at BTC ATM's, as more people start turning to it over putting their money in the bank with today's laughable interest rates.

By the end of 2018 it'll probably be sitting around 5K and still slowly & steadily rising.

And it's all beginning right now as I type.

But 55K?... although I have very few doubts about the potential of BTC that is extremely wishful thinking.  I can see 10K in 5 years, but consider that even wishful. 

Tom Lee was known as a permabull while at JP Morgan, and often criticized for overly bullish predictions. Now that he has his own firm, it seems his strategy is to grab headlines with an outlandish prediction guaranteed to get press. This should be viewed as nothing more than a publicity stunt to promote Fundstrat.

maybe Warren Buffet is secretly buying all the BTC.. watch out.. This will make our PnD altcoin whales look like little shrimp  ;D

Warren Buffet regularly eschews buying any tech stocks because he says he doesn't understand technology and can't predict disruptions that could declare his holdings or make winners out of others. There may be others inside Berkshire who are willing to look at crypto, but I guarantee it's not Buffet and likely not Charlie Munger either.

That would be interesting if bitcoin reached that sort of prices, alot of people would be millionaires. Even some people with small holdings that sort of amounts could be life changing.

On the current trend yeah we could possible see bitcoin hits 55k usd in 5years. but theres a lot of thing that can happen on this 5 years. maybe we should just ride the trend.

Interesting, coming from wall street? This will make another trend soon, for sure some are starting to buy silently bitcoin. I will keep even only 1 bitcoin up until 5 years and we'll see if I will have $55,000 by that time. It's already too much for me to have a living and will start a new business if that will happen.

Bitcoin can have any value, it will depend on the people that use it to decide what it is the value of bitcoin, in the next 5 years a value of 10k to 15k is reasonable in my opinion, especially if segwit is finally activated since that will give bitcoin the possibility to scale and accept more transactions so merchants will be able to use bitcoin and have cheaper fees and greater speed of confirmation thanks to the upgrades in the network.

Yes, we could see 55k or ever higher. 2017 is a promising year so far. If it continues the trend of regulation, media and public adoption, it could be more than 55k usd in 5 years. Enjoy the bumpy ride.

I like the prediction very much and if the coin really surpasses ten thousand then i could make a huge profit with the coins i am holding right now,if the people from wall street could predict when the market goes down then that would be great. :P

Exciting times in Cryptocurrency market. When more and more investors come into the market there will definitely be more price stability.

I'm not a follower of Wall Street, so I don't know did any of their predictions really came truth. But if it's going to be so, those people who are panicky selling bitcoins now, with a fear of the August first, will regret of their moves a lot.

Wall Street is a center of power, and if they join in crypto world they can bring a lot of money with them. Its a Wall Street, so if they pump in a lot of money they will be whales in bitcoin world like they are now in real, I don`t like them, but we cant stop them from joining. I think they live from other people misery, they started economy crash 10 years ago, they are responsible for many manipulations, cause that is what they are manipulators, nothing more then that, and cause they are so rich they can manipulate with countries, markets, people.
We will see what kind of investors they are, bitcoin started to attract good and bad people and institutions, and I don`t like that fact. How much money they plan to pump in, and what can they do with bitcoins will be seen, but if they say that price can hit 55k in just 5 years that is manipulation, buying now, pumping the price and dumping and leaving the club, thats how they do business.

This is not necessarily true if a whale has 100k bitcoins then it does not matter if bitcoin is worth a dollar or 10k, that whale still has 100k bitcoins and can move and manipulate the market, if more whales ally and try to make the price of bitcoin crash they can do it regardless of the price that each bitcoin may have at the moment.

You're openning the thread like all the wall street strategists agree with this. When we click the link it's only a person called Tom Lee saying that bitcoin can go to $55,000 and this is click-bait!

It's not realistic, $55k per bitcoin.

Less than 0.01% people keep money in BITCOIN - BITCOIN will grow, up to 100000% on it, but slow.

bitcoin going down to 55k, i think we should really check the credibility of our source, why would rich investors still invest in bitcoin if they there would be a high loss in the long run. we should check history, back then no one in wall predicted the market crashes, so they could save their investments, saying that bitcoin will crash seems that they are afraid of what bitcoin might become since it is higher in value than per share of stocks they own.

This is all speculations and no one really knows if this will happen. All we need is to trust bitcoin that it will soar high for the upcoming years. So better hold our coins tight.

Wow this is really great for us. Bitcoin will probably the best coin there ever is. Wow I really can't believe by thatm It probably is heaven for all of us here to see bitcoin flying in the sky whoot. It is rrally bitcoin to the moon. $55,000 wow I really cant believe on this.

This is nothing but a wild speculation you should not count on it, of course I and all the forum will be very happy if bitcoin reached that price but it is almost impossible that is going to happen especially since adoption will need to grow almost exponentially in order to reach that price, however that does not mean that bitcoin is not going to grow, it will but at a slower rate.

we could all just hope for this to happen, but with things going on right now, its possible for bitcoin to hit tje 55k mark even within 5 years, since more and more people are being aware of what bitcoin is and it's value.

Guys it's not the predictions of wall street. It's the prediction of a news source and that's all. But this doesn't mean that seeing $55,000 not possible. Bitcoin still paving a way for innovation and this economic innovation will rise much more.

Bitcoin has potential to reach usd100,000 by end of 2020. The community only needs to unite and promote Bitcoin. Division only has the opposite effect.

It could happen quicker- adoption can grow exponentially until basically everyone is using it.

 Compare Bitcoin to the internet and think of how fast we went from "What is the internet?" to every man woman and child carrying an internet accessing device on them 24/7. First thing they do when they wake up? Check their internet connected device. Last thing they do before bed? Check their internet connected device.

 We went from "What is this internet you're talking about?" to overwhelming adoption in relatively no time at all.

 If you assume that Crypto is actually better than fiat, which all of us on this site certainly do, chances are it's only a matter of time before it is used more than fiat.

Yes, I believe this is possible to happen. So it never too late to buy bitcoin now! This kind of posts should be the one circulating the news and to this forum. Not those bad news due to banning of China. News and rumors have impacts on bitcoin's price.

I think that's an overly optimistic analogy. Bitcoin is interesting, but in no sense is it as revolutionary as the Internet was to the pre-internet world. I don't even think Bitcoin is an overall improvement over fiat, only a niche improvement in very select instances. I'm not entirely convinced bitcoin prices above $4000 aren't a bubble.

Yeah well it doesn't take a brain surgeon, or even a wall street analyst to predict that. Simply go back 5 years, is was worth less than $10. That is 500x increase or 100x per year on average. It is currently $4,500 therefore if the same trend continues, it will be worth $450,000 in 5 years.

This is so valid, three years back it was worth only take a gander at it now its rate is developing speedier, It has effectively shadowed every single other cash. Like oil and gold which were at once the greatest assets of economy, now it's the period of bit coin and information. Bit coin will shadow gold and oil in the coming couple of years. Bit coin is the future that is standing by.

That was awesome if that really happens . Maybe it is a good choice if we hold bitcoin now than trade it. It is really possible to happen . Throughout 2017, the bitcoin price continuously achieved new all-time highs without major corrections apart so maybe in 2022 if will reach $55000 price. I hope this will really happena in the near future this make many people will demand bitcoin more.

I doubt that it could wait 5 years for it to reach $55,000. Bitcoin is now $11,000 and I think it could hit $20,000 before this year ends. So I guess hitting $50,000 will take only 2 years or less. But of course that is my own opinion.

I surely believe bitcoin could hit this price in 5 years with the way bitcoin is growing

I agree, this prediction was made middle of this year. Some revision is due eg $55k by end of 2018 instead of 2022.

Yes right, I think the $ 55k price happens in 2018 and does not need to wait until 5 years, when compared to this year's rise of more than a thousand percent more then it only takes 500 percent to reach $ 55k and this is very possible.

I think with the current bullish sentiments of the people around bitcoin. $55K will be touch sooner than 2022. And if this prediction was made middle of this year, a lot of things has happened already that this prediction should no longer be applicable today. Yes, your opinion may be right or it could go wrong, but what is important is that bitcoin is slowly been recognized by a lot of financial institution and industries like CME that predicting the price is somewhat futile. Let just wait and see how it will turn out next year. I'm still optimistic that the positive sentiments will still resume till early next year with just minor interruptions.

Well I think there will be always a possibility since many these days do Bitcoin now and investing to it. Recently it reaches already $20k dollars and only fall because of Christmas Season. But the chance of rising again is high since this coming year, many investors will come.

I have my doubts that Bitcoin will be this little in 5 years. Maybe they forgot to add a zero or something. Bitcoin has much more potential than this, and crypto currencies overall all as a matter of fact.

Though it is true that some trading analyst in wall street have predicted that bitcoins will reach that value but many analyst and strategist in wall street are also against bitcoin. But let us just accept the fact that even a newbie in the cryptoworld could tell that bitcoin could reach that value due to bitcoins acceptance and popularity.

I watched a video tackling the price of bitcoin in the next year. Probably, it will raise to $50k he said. I think it will happens in 5 years but as long as it will rise up rapidly it will take a months just to reach it. Let us keep on watch in bitcoin.

That is very cool news but having 55K in 5 years is quite very little increase of price if we base it on its value today. If bitcoin will just continue to have its price hike like what happened last month, then 55,000$ can be reach even in the start of third quarter next year. :)

If it might really happen in the Future, then I will hold to my coins and dont panic even if it falls.But from this moment, if it continue to rise and exceed the $20K the peak it has reach maybe before the year 2018 ends it might already reach $55k or exceed it also.

Wow, with the way things are going it's quite possible to hit that high. Downside is, with the price increasing it will be more difficult to get 1 bitcoin. But for those who are still holding up to today, Congratulations!

Wow...
I believe also that Bitcoin will get tagged almost $50000 USD within 2/3 years. day by day Bitcoin is becoming a stronger currency in this market. people are getting engaged and benefitted financially. I hope this trend will continue and it will become a global money in the future.
not only that but also Bitcoin will be the major tool for saving and investment for the purpose of making the profit in the future.

If this prediction happens to be true in the coming years, it's really a good news for the ccommunity. We really look forward to it keenly.

Wall Street is always right, as they did when they predicted it would reach $4,000. Now it's $20,000. ;D

It's a good news. Although I don't know what price the bitcoin will go up in the future. But my constant optimism is the same. In the virtual currency, bitcoin is still king.

The news is too good to be true. Five years is not a big time and we'll see it happen soon. But this is only a prediction based on some studies and predictions that might be wrong. While it is true that most of us want to see this prophecy turn into reality.

In 5 years it is predicted that not bitcoin will cost 55,000$ , 200,000$ , bitcoin will be at least 55,000$ this year, so not 5 years .

If WS would have been always right we would have three prices for bitcoin the same moment.

Wall Street is not an entity, an organisation or something that has it's own mind.
There are people there who believe bitcoin is the future and there are people who believe it's just a hype, companies who are involved with crypto and companies that are afraid cryptos might ruin them.

Just how there are governments that support BTC like Japan and ones than don't.

Anyhow, reviving this thread right now.... :-\

If that's true bitcoinres should start thinking to hide their BTCs in a safe place :p

If btc at the $ 55,000 price is not realistic. We will not even get back at $ 5,000 at the moment and some have already guessed $ 3,000 and others say $ 10,000. It's just attracting new investors, wall street is one of the best known because some have big investors or businesses and I think it's good for us in the future. 8)

Nice news :)) and now we see bitcoin at 7k  :d  ohh wait it went up a bit again, never can be sure with bitcoin  :)

Only 55k$ ?  >:(

Too low even for a wallstreet god. I think it will reach a record price of $100,000 in 5 years time. With the current bannings and liftings of bans, I guess the government of different countries have made sure to regulate bitcoins as an investment.

I've read the forecasts for 55k $ at the end of this year. We'll see if it works. We are waiting for the next BTC increase.

Wall street has discouraged the people from day 1 for investing in any kind of crypto currency. Now the thing is that there can be two scenarios after 5 years
1 Bitcoin is on the peak and some countries have started their trade in the bitcoin
2 Bitcoin has been replaced some next generation currency
In both the cases, the information shared by wall street does not stand correct.