Bitcoin Forum

Tom Lee Predicts Bitcoin To Reach $91,000 by March 2020, Based On Performances After Past Dips

Fundstrat’s Tom Lee has forecasted that Bitcoin’s price will reach $91,000 by March 2020, basing his prediction on a chart that shows Bitcoin’s (BTC) performances after past market dips, Forbes reported March 17.

Lee and Fundstrat used an average of the percentage gained in price after each dip to arrive at the 2020 figure.

https://cointelegraph.com/news/tom-lee-predicts-bitcoin-to-reach-91000-by-march-2020-based-on-performances-after-past-dips

What's your opinion on this?

Lol I like this prediction and looking forward towards it. It will certain give me financial freedom with it ;)

It's nothing more than a prediction based on pure speculation. I'm not saying it isn't possible, but as we found out already, reaching certain levels isn't the actual problem, maintaining these levels is.

Before the next block halving I definitely expect that we are far above current levels, but the main point here is that the market and the ecosystem should reflect such valuation, and that has never been the case thus far.

I rather keep focusing on long term bottoms as being the closest to the 'actual' value, and that's something more people should do. Bottoms should be value benchmarks, not hype driven peaks.

I too hope the value would hit minimum $50K by 2018. Just refer CMC. Bitcoin price in January 2017 was at $1000 and it hit $21 at the end of December 2017. Just look at this January's growth. Its at from $9500 to $8500. I hope the price should hit at minimum 30K or atleast $25K. The ratio is understood i suppose.

Wall Street analyst spoke again,I have nothing against it, let everyone give their prognosis-at the end of all the prediction some will become correct, some will not.Although it should be cautious and do not invest money based on such speculations,BTC is so unpredictable that it's hard to say what's going to happen this year.

Let's see first whether Lee was right with this year prediction with 25 000$ (https://cointelegraph.com/news/tom-lee-says-btc-will-hit-25000-in-2018-advises-aggressive-buying-at-market-low) by the end of this year.I am sure he was wrong about lowest price in 2018,he predict 9000$ and price is go under 6000$.

The conclusion is familiar to everyone,you can look at charts and graphs as much as you want, but that does not mean that you know what will be the future.

hahahaha

he is incredible


he made many very interesting predictions:

on Jul 08, 2017 he say: Wall Street Strategist Sees Bitcoin at $55,000 by 2022: CNBC (https://cointelegraph.com/news/wall-street-strategist-sees-bitcoin-at-55000)

when he said that, many people said that it was impossible because the bitcoin price was too low, not even $ 7000 had been reached, but still last year it was possible to reach more than $19000.

on Nov 23, 2017 he say: Predictions Roll in as Tom Lee Sets 40% Bitcoin Growth by Mid-2018 (https://cointelegraph.com/news/predictions-roll-in-as-tom-lee-sets-40-bitcoin-growth-by-mid-2018)


in the month of December last year we reached $19,000

Oh and to add, two days before:

Ronnie Moas Sets New Sights for 2018 - $14,000 on the Cards (https://cointelegraph.com/news/ronnie-moas-sets-new-sights-for-2018-14000-on-the-cards)

as said: in the month of December last year we reached $19,000

The predictions of these two guys is something that can be considered.

July 2017 => Bitcoin price $55,000 by 2022.
January 2018 => BTC would hit $25,000 by the end of 2018.
Now, $91,000 by March 2020.
Too optimistic speculation imo, but who knows.

This is a very simple calculation which is used to argument possible price gains in next years.
This is just based on the past correlation and projected in future, there is no other reason to believe this, it does not take in to consideration any speculation regarding regualtion and so.

In any case , i am down with it , lets go :D

I hope that people will not get too carried away with these predictions. Always do your own research when investing in bitcoin's valuation and temper your expectations with discipline and the right strategy. Just because a known person says so does not mean that it has to be so as no one, not even Warren Buffett is infallible.

Reading thorough the charting analysis of Tom Lee his prediction and forecast is based on the history of price of bitcoin, he is of the opinion that history repeats itself, and the price of bitcoin increments in an ascending order, however he had not considered the outcome of many upcoming FUDs, regulations, bans e.t.c which make or mar the price of bitcoin attaining the predicted mark of $91,000 in 2020.

It was a prediction and is based solely on bitcoin performance. How about other coins performance? Do you really believe that bitcoin is the single one going to rule the crypto world? 2020 is 2 years ahead and before that time comes, I firmly believe that there's a lot going to happen that could turn the table.

I hope that we'll sober up and stop the wild speculations on bitcoin. $90k is such a heady number that one drools at the prospect of reaping the rewards should bitcoin get to that value. As always, think, research and be disciplined when investing in bitcoin. Don't let your expectations run away with your imagination as you'll surely be left crying in the end.

cryptocurrency is a place of technology filled with speculation. Everyone is free to make predictions based on their respective calculations and so far, maybe this is the lowest prediction I've ever seen for bitcoin prices. For the moment the highest predictions are still held by John McAfee ie $ 1 million in three years, which means 2020. If you are a real Hodler, you still need to wait another 3 years to see the profit you will get for a price: a minimum of $ 90k or a maximum of $ 1 million.

It seems to me that 1,000,000 dollars for bitcoin is fantastic. Now the cryptocurrency market is in a grace period. We do not see any active actions against cryptocurrencies on the part of the government and banks. What will happen if bankers feel threatened and begin to fight the exchange of cryptocurrency for Fiat scary even to imagine. I see no preparation for such a scenario on the part of the bitcoin community. And that makes us helpless and therefore such indicators unattainable.