Bitcoin Forum

As quoted by an analyst from the article (Source mentioned below)
Adding to this I personally find it a possiblity due to the recent reports as mentioned below
1. A dealership in Houston Texas accepting bitcoins for the purchase of Rolls Royce cars
2. Goldman Sachs CFO says bank is working on bitcoin derivative for clients
3. Major Japanese Department Store Chain Marui Accepts Bitcoin
Goldman Sachs cryptoasset market capitalization plans seem to be inline with the analysts
claims.
Maybe it is hard to predict the exact value of bitcoins in the next 5 years but these are major player adopting bitcoins which will contribute significantly towards the
growth and adoption rate of bitcoins.
Is the prediction over bullish in your opinion ?

Source:https://www.forbes.com/sites/cbovaird/2018/09/10/will-bitcoin-reach-96000-by-2023/#79d5b93237dc

I wouldn't be so optimistic. I think bitcoin will reach $ 60,000 in five years. 96 000$ it sounds too good for bitcoin) IMHO

These motives have a lot of weight and will definitely mean a lot when it comes down to it.

I am not gonna disagree with this. At the same time I am not overly optimistic about it, or rather I don't wanna be.

Let us see how this turns out to be.

While I love to see bitcoins prices go up I prefer to be realistic, and currently this looks more like a marketing gimmick to me. If you're seeing at current levels I would keep it under 50k as a realistic target for the next 5 years, maybe it can cross higher, but it'll need major announcements like bitcoins etf being accepted, USA accepting it as a legal tender, or most of the global countries accepting it.

Crypto currency market is down now but that doesn't mean that it will remain like this all the time. Bitcoin is the best crypto currency among all which had already proved it's ability. It is also the most oldest one. Now the price of Bitcoin is low that's around 7000$. We all know that crypto currency is flactuating one. The price always goes up and down.
Today the price is low but that doesn't mean  that the price will be low like this all the time. To me the price will rise again. It's just the Matter of time.
We all hope that the price of Bitcoin will astonish us all.

I think it is over bullish because the government will always make a bad move against the growth of bitcoin. My approximation is that it can only reac 30000 USD in the next 5 years because even though technology is quickly innovated, the economic status of other countries have few solutions for their own growth.

I think this forecast is very exaggerated, when the price reached $ 18000, we hear many analysts saying: next year bitcoin will reach $ 40,000. These analysts speak as if it were something guaranteed. But who could have imagined that the price would fall to $ 6,000? no one! It is possible that many institutional investors enter the crypto market and this could cause the price to increase to $ 20,000 or $ 30,000, but something like over $ 90,000 is very exaggerated. We need to have adoption, we need to have many exchange like coinbase, we have to see many countries in the world adopting cryptos as they do with gold. That's what we need.


even $60,000 is still very difficult to achieve in just 5 years

Even the market is going down now but i think it will come back soon. And the prediction that bitcoin hit $96000 in the next 5 years will come true.

impossible if the bitcoin price reaches $75.000because bitcoin is still in the biggest country. except bitcoin is the world currency That could be more than $ 75,000 in price.

I think the figure is close to the calculations. Based on the growth of capitalization from 110 billion to 10 trilions, it can be higher.

I do believe $100 000 is possible under some circumstances, but it doesn't mean that me or you will be able to sell our btc for that price. If that huge spike happens, too many btc millionaires will appear, which is undesirable.

We are just playing to guess and the truth is that any prediction is not a prediction but a mere guess. According to "predictions" the value of Bitcoin in the future ranges from 0$ to 1 Million $, which equals to say that we have no clues.

Anything can happen in the future because we can not predict exactly. But with bitcoin, i think it can happen because i believe in bitcoin and its future.

Could you elaborate ?

Maybe its to big but if it will hits. All crypto Investor's will be rich but that predict is to much. We will just hope it will happen Anything is possible in crypto :)

This is a speculative investment and those well-known holders of bitcoin will predict that the price will rise in the coming years to attract more buyers to join in crypto. It's just advertising and promoting bitcoin to other people as those who heard the prediction will try to buy and as a results this will create a bullish market. Hitting $96k in the next 5 years is a tough challenge for bitcoin as we had a bad market and this will reminds every investors of another trap.

Reading this kind of news will encourage bitcoin hodlers not to panic and this is an indication of a brighter future for hodling their coin but how realistic are these predictions? is is a gimmick to discourage panic selling? its good to be true predicting that bitcoin will hit $96K in the next 5 years if wishes comes true then its worth hodling btc for a long term.

I think this predictions can be true bitcoin price will hit to $96000 up in 5 years from now, because as the years goes by the popularity of bitcoin growth so fast and maybe that years... most of the country's are using bitcoin. And we all hopes that moments comes because it's give us a chance to achieve our dreams to becoming rich's.

Considering the current growth rate of the users, I believe that, Bitcoin will grow with an exponential growth rate in the coming 5-10 years from now. $96,000 is not impossible at all. Clarity from the legal aspect would give the required push to the actual usage of it.

There have been people predicting BTC will be $0 or $1,000,000 in the same time frame, these are all wild speculation with no real basis. You cannot simply extrapolate forwards from the 2017 bull run as that was an outlier that is not likely to be repeated again. Odds are it will stay roughly where it is for now until there is REASON for growth, which doesn't look too far away with lightning coming.

Lightning is live now, the network is continuing to grow, there is positivity bubbling up for Bitcoin. The altcoins are likely going to die, ETH is showing signs of this right now. Since Bitcoin has relatively low liquidity, the potential for a bull run similar to 2017 is still there. I think that the decision the SEC will make on sept 30 for the Vaneck ETF will be a driver for what the end of 2018/2019 holds for Bitcoin. A lot of speculators are waiting for an ETF (been talking about it since 2014) and the Vaneck/Solidx ETF seems to be the most promising proposal so far. The SEC commissioner is also pro Bitcoin ETF. If it gets approved that could cause enough hype to end the bear market and start the reversal. However, if it gets denied, I'm pretty certain we will see large panic sells that will drive the price down and into a crypto winter.

Well ... I think no one would be against such a strong growth of bitcoin, but it seems to me that it's too cool to be true. I would rather assume that the price will be somewhere around 50 thousand dollars ... in the best case 70 thousand dollars. On the other hand, hardly anyone has predicted that bitcoin at some point will cost even 10 thousand dollars ... so that it is possible all

Yes, it is possible bitcoin price hit $96000 in next 5 years because bitcoin is limited and Government money is unlimited printing if bitcoin demand increases so the price also increases. John Mcafee is also predicted bitcoin price increase a lot.

You think these three things lead will lead to this random $96000 figure he plucked out of his behind?  ::). A car dealership accepting bitcoins really isn't a big deaL. It's nothing at all. I really hate these pointless speculations based on nothing but wishful thinking.


Why does 69k seem doable but 96 is a stretch? I think 60k within five years is very optimistic. I wish I was full of optimism as everyone else seems to be.

Bitcoins getting to 100.000 within five years from now are highly possible. If bitcoins and crypto currency are still something people use in 5 years then bitcoins will most likely have crossed over 100.000 dollars.
But in a 5 years period, many things can happens, the higher the Bitcoin price gets to, the bigger the crash will be, I personally believe  that we will get above 100.000 dollars for one bitcoins in the next 2-3 years.

Please sound it for everyone to hear especially those who are relying on such predictions to make their investment decision with putting it to some logical test into what the prediction is all about.

The focus should really not about the end which is the price that has been predicted but the means to that end ie. How exactly do they expect that point to be reached. When one take a better study at those articles, you realize that its always a vague expression of opinion relying basically on percentage increase that have happened in the past rather than focus on practical adoption and use of bitcoin and the blockchain technology.

I think the Bitcoin price will increase over the next few years, but relatively low. Because Bitcoin has not really made investors believe and invest in.

I realy don't bother these preductions with huge exaggerated values that Bitcoin is suppose to achieve. They are usualy not based on anything solid and represent pure speculation. Of course, when it comes to Bitcoin anything is possible but still, let's be realistic.
This sounds more like wishful thinking and dreams of some users that Bitcoin will help them to become millionares.

Altcoins might not have the growth that bitcoin has had, but I doubt they will die.

This can be happen, though it sounds risiculous when the market is dumped too much but the reality is, bitcoin will grow and will amaze everybody again and again! Who are spreading FUD, they will regret and they will become a bitcoin fan one day!

I don't really believe that, I don't think it's a small number whether it is true that in 5 years it will rise as high as it does not think if bitcoin goes down like it now takes a very long time to hit the portal again and rise to high.
I like it if the price of bitcoin is expensive, but I think if it reaches that number in 5 years, I think it's impossible to just brag.
if he controls bitcoin or groups from satoshi nakamoto then it could be but still I don't think he will raise the price of bitcoin to such high in the short term.
because that can make people lose interest in playing bitcoin coins because of the exorbitant prices.

Personally I will not be surprised if I see Bitcoin price higher than $ 100K even in the next 3 years. No doubt that Bitcoin already have changed life of millions people and will change world financial system. May be in the future it will be replaced, but because of limited supply and unlimited demand its price will increase ten times and more. Otherwise, John McAfee will have to keep his promise. :)