Bitcoin Forum

Dan Tapiero, co-founder of Gold Bullion International believes that it’s only a matter of time before Bitcoin
’s price surges into the six-figure threshold.

“In the next five years, I can see gold at $4,000, so that’s double. But if gold is at $4,000, Bitcoin is probably somewhere between $300,000 and $500,000, so that’s a 20, 30x.”

https://cointelegraph.com/news/no-debate-that-bitcoin-will-increase-20x-says-gold-industry-insider

Even if bitcoin has not grown to $300000 in the next five years, it is very constant that its price over five years will surpass gold price. People are moving more towards bitcoin investing and trading. With how bitcoin is growing and getting more adoption, I predict bitcoin to worth $1 trillion to $2 trillion in marketcap which can not make the price up to $300000 but over $100000.

You definitely know were in a bull market when we once again start to see these useless bitcoin price predictions. It's probably one of the things I hate most(besides the flooding in of scammers and hackers) when in a bull market.

The first "ATH" I've experienced^* was around 1200$ at the end of 2013.
The following crypto winter made it fall 6x, to 200$ levels.

2017 started with 1000$ price and the new ATH was almost 20k (20x growth)

The new crypto winter got us to some 3100$ (6.5x fall)

Now we are back to almost 20k again and since we, humans, just love to find patterns, we obviously expect a new 20x (ish) ATH, hence 400k.
Of course, although people say that history repeats itself, it doesn't do everything in the same way (and doesn't repeat itself when we want it to), so... we'll have to wait and see.


* That ATH made me get into crypto, so I don't know much more than the price tag.

Stable $20k increase isn't happening with bitcoin. The growth happens for some time period and then it stays within specific price range. Once again the market moves in the upward or downward direction. This is the growth pattern of bitcoin. As per the growth that has happened over the years I find the market to go bullish on every year of halving or by the following year. Based on the calculation in the next five years time we can expect assured $20k+ growth.

The misconception still exist in this industry. Everytime we are seeing an increase, many people are just making absurd speculations as if the market price is consistently increasing, in a sense that they disregard the nature of volatility in this market. Also, by practically seeing this thing;a currency having a value of more than $100k. It is just unrealistic in all aspects. It is more likely to see a price correction rather than a market value higher than any investments.

Reading through the article,  Dan Tapiero uses a couple of 'No debate' and 'no question' to give their take on what the price would be in the coming years. Seems like he is very certain of his prediction or is attempting to create a bull trap for newbies by dropping an imaginary figure that is sure to attract news outlets and gain lots of interaction.

Can bitcoin go 20× from its current position some time in the future? Very possible.
Is it possible to determine this distant time in the future when such price levels could be reached? Not really.

Considering the current market, price increase of $1000+ in a day, is no longer as surprising as it would have been a couple of years ago, cause the market has evolved and accommodates more cash flow. In the future, $10k+ increase daily may not be surprising.

we'll be back on this thread in 5 years and see,i think that in 5 years btc will pass the 200k usd.

Actually it will not if the market is strong enough to stay on that price. I mean not like the same bubble we have in 2017 , if it's slowly increasing like what happen to BTC way back 2015 to now if the same patterns continue then it's possible that we can expect x20 or more, It's only depend on how adoption will increase in the next more years we have in Bitcoin market. But most of the professional analysis see it that way they are predicting almost the same. Which it will be 100-300k in 5 years time.

Better that way we still have more yeas to count.

Gold is gold, bitcoin is bitcoin and the value of bitcoin is higher than gold. There is no convincing reason to compare gold and bitcoin or use gold to predict price of bitcoin.

I hate to say this but it is. If the history repeats what it usually has done in previous era of bitcoin, bitcoin will have about 20-fold increases after the halving in May. Remember 20-fold increase from the all time high (in 2017) not from the price in May 2020. Bitcoin is officially in its next bull run and despite of some pull backs, retests and shake-outs along the way, bitcoin is bullish.

Once again, one more low quality article is seeding on cointelegraph.

Sound attractive to me  ::)

Although im not a daydreamer, how bitcoin performs last 5 years have given me a lot of hope. I have talked too many rich people in my country and they are looking foward to invest their money in this asset

Charts and patterns are likely to support bitcoin. Moreover, younger people want to invest their money in bitcoin instead of gold because of the innovation and higher reward

Right now bitcoin will undoubtedly go up in price and surpass its ATH at 20k3 but it will take time to know when Bitcoin will rise. To say that Bitcoin will reach 5 times its current value is unfounded and I would consider this a subjective prediction by you.
As for the price of gold, it will not increase to 4,000 $ because there is currently no strong stimulus package or the economic situation shows signs of going down again for gold to be held by organizations and countries buy in more.

I think we’ll see 10 x the current price before the end of 2021. 5 years away from now is 1 year after the 2024 halving so 20 x the current price in 5 years is definitely possible. Bitcoin is the internet of the mid 90’s, buy what you can afford to now.

It is not known how much bitcoin will raise next year or in the coming years but if citybank's prediction is true that before the end of 2021 the price of a bitcoin will be $ 300,000 it is better to save bitcoin and just hold it for many years many bitcoin holders will be rich when the price of bitcoin comes true next.

Why do these predictions seem more ridiculous every time?

No. Now the predictions are making more sense. If you want a really ridiculous prediction, then you can refer to the one made by John McAfee. He claimed that the exchange rates would hit $1 million by the end of 2020. But recent predictions by various individuals have been made after careful studies. One of them is the prediction made by Tom Fitzpatrick of CitiBank, who claim that Bitcoin prices can potentially climb to $318,000 per coin by December 2021. The one made by Dan Tapiero also makes a lot of sense.

That seems to me as an increase in the price of bitcoin that is too sharp, so what exactly does he means by that, does he believe that is a stable price bitcoin can reach or does this means we will go through one of the biggest bubbles on record once again and then the price will crash? If it is the latter then I could see the price reaching a very high price during the next decade but being unable to maintain it and going to a more stable price.

But if it is the former then the price increase will have to be even more impressive than the 300k that he is predicting and I think such price will require a crash on the dollar as it seems to soon to me for bitcoin to reach such a high price.

This is also the issue that I always remind the new members here. All of them mistakenly believe that financial experts are divine and they are right in all their statements.
But they do not know that the words of the financial experts above are derived from the purpose of wanting to sell off many Bitcoins at high prices after the crowd shill like them. All of them are old wolves trying to lure sheep into its trap. :)

It is very easy to make such forecasts (and I did not see any serious justification for this forecast), because if the forecast turns out to be unsuccessful, then no one will remember about it. But if the forecast is successful, then its author will be able to say: I foresaw this!  ;D

Ok, and that amount is presumably through the Grayscale Trust. What keeps the Grayscale trust from diluting their investment to bitcoin for that fund? Nothing. So there is not a direct causal relationship between institutional investors investing in GBTC and GBTC buying more bitcoin. And the actual buying of bitcoin (not GBTC) is the only requirement that will influence the bitcoin price.

Simplistic take? Perhaps, but prove me wrong.

Here's a link to GBTC's 2019 Annual Report (https://grayscale.co/wp-content/uploads/2019/04/BTC-Annual-Report-and-Audited-Financial-Statements-2018.pdf). No where in there, that i've found yet, do they mention when or how they acquire bitcoin. It's a long document, so if you find it come back here and point us to it. Incidentally, the document does a good job describing the bitcoin market, mining, forks, etc.

I just question how much institutional investing will have on the price of bitcoin if they aren't directly buying over the blockchain. I think opportunities like GBTC do more to reduce supply - as Grayscale buys and holds bitcoin to cover it's funds assets - rather than directly driving demand.

Anyone can do express out their own ideas and own presumption towards the price of Bitcoin but those kind of views are way too far off to consider
and to put it out in 5 years time and do talk about almost half a million dollars price then it is already on the side which it isnt really that too realistic
to talk on.No matter how popular the person you are but these kind of takes wont really be that surprising because sentiments like
these are common for those who didnt see this market for a while and able to familiarize on how did bitcoin move in a decade time.
They should be aware first before making any comments.

Just predict for 2021, don't predict for the next 5 years haha,
now Altcoin and Bitcoin prices are still far from satisfactory, Holder in 2017-2018 will definitely understand this,
even though now is the recovery season the price should be able to return to the year price level 2017-2018.

 ;D
If you are a real investor and not a random person in the crypt, then you should have many entry and exit points, therefore, after that fall, active market participants already had many opportunities to recoup losses and even make big profits. I don't think that at least 5 percent of altcoins will return to their ATH, but this is just normal behavior in any competitive market - weak projects die.

Just because we are in bull run we predict Bitcoin in a very high level I prefer to be moderate and realistic, unless I see a dramatic move in the market or adoption will go at the highest, we can only predict a high price for Bitcoin depending on the the level of adoption, if adoption is moderate expect a moderate increase of the price.

In all honesty, I do not see the correlation between the increase of gold's price to bitcoin's price in the near future. Before speculating any price in the future, one should always rely on data and not on blindingly speculate the price. Every time there is a bullish market on bitcoin, people would always predict its price on the market in the future without backing it up.

To be safe, divide your investments both short and long-term so you can take advantage of it in the near future.

5 years from now would presumably be around the peak in the following market cycle. So basically he's saying two market cycles after $20k we will see $300k-$500k.

That's a possibility. Assuming this market cycle hits $100k, that'll be at least a 5x increase over the previous cycle peak, so then the following one we might expect a 2-3x increase. So the top of that range would match the bottom of this guy's predicted range, around $300k. I could see $300k happening in five years (if that is indeed when we get the peak of the next market cycle after this one). Of course then it'll drop back to like $100k or lower for a bit.

He's probably right, but with a 5 year time frame it's a pretty low risk proposition. If the "4 year cycle" believers are right, we might have 2 bubble cycles during that time. :D

Personally I'm betting on $300K+ during the next bubble cycle, topping in 2021 or 2022. Within the next 2 years, in other words.

There is a big comparison, anyone who thinks otherwise do not realize why people invest into gold and think it is a good investment and people invest into bitcoin and thinks that is a good investment. You can't fake gold, well you can try but it won't be gold, it would be something else you sell as gold, which I am sure you can convince enough idiots to do the same for bitcoin as well.

However what I would like to point out here is the fact that if you would like to understand these two things, you have to realize that they are both loved for the same reason but one is more volatile since there are no regulations on it compared to other which has very strict regulations.

Hence at the end of the day, we are in a world where bitcoin can go 20x in the next 5 years, but it is also quite similar to gold but since it is unregulated it can move faster.

Maybe the idea that Gold is assumed to be the best physical asset while Bitcoin is on the Digital version, links these two on each other. But that's indeed true, the market price has no correlation with one another but the idea on these two as "best" investments makes somewhat of a connection resulting to comparison.

20x of an increase in the market price could either be possible or not. Despite of being realistic, that a decentralized digital currency as an investment, will have such market value, possibility speaks for its definition wherein there is a chance or even the slightest. In my opinion, price would be around $30k or maybe $40k. Not go be a pessimist but I think it would really be impossible but I won't disregard the possibility of its occurrence. What makes me in doubt is the nature of price increase inconsistencies in this industry.

true, I also think so, because it seems too early for us to say that if bitcoin will reach 5 times the price in 2025 again, we know that so far bitcoin price increases have often occurred due to positive sentiment in the market and if that positive sentiment stopped, of course making bitcoin prices decline again, now it looks like the hype defi is one of the causes of the increase in bitcoin prices and we don't know whether this hype defi will continue or not in the future, but the most important thing now is for us to enjoy the benefits that we get from the increase in the price of bitcoin in the market and let the price of bitcoin in the next 5 years remain a secret ;D

Im not seeing for DeFi to be one of the reasons on why this market had flocked out and able to rise but rather i do go nor believe that those positive sentiments
like Paypal adoption is much more relevant or we can nearly say to be the main reason on why we are seeing these levels now but doesnt mean that it would just
go into those high level price just because we are seeing that it is doing pretty well at the moment. Talking about 20x in next 5 years is nearly impossible or isnt even realistic to say.
We should at least mind on how we gonna break this ATH and would talk later on 30k resistance yet this wont really be a smooth sailing journey and expect to have
a wavy ride.

whether 20x or 100x, for sure I really think this year, whether it will fail to $ 20k or make it past $ 20k,
because this moment is very important for the development of the Bitcoin price in the future.

20x in the next 5 years? I can't imagine how to be going and accumulated with because that was even riskier as I see.

Bitcoin is will be in high demand in the coming years but then, I'm not going to think that it goes like that, I only think it stuck at $20k, or if it is possible $50k will be at reach but not $100k.

Well, nothing it gives assurance. I know that people wanted to be bullish always but I'm not sure if they are also accumulating more Bitcoin if the price will be at that level.

The market really works in cycle, and today we have big companies pushing the price of bitcoin. So it's just a matter of who are the next big buyers to get into let's say 6 digits in the future.

I have a theory that in order to get to that, I'm seeing gold investors or even oil investors suddenly shift their investments to bitcoin. But that's too early to say, there could be lots of thing that can happen in the future beyond our control.

Well, we can't blame them since Bitcoin was really unpredictable after all. When we are on the time way back in 2009 where Bitcoin is worth a penny, we didn't expect that it will rise and set an ATH at $20k USD. Thus I think everyone is disappointed in missing an opportunity to accumulate back then and trying to be optimistic, believing that it will perform an unexpected growth once again. Honestly, I also believe that Bitcoin will enormously grow but I think that would take a lot of time, maybe a decade or even more.

He must have a crystal ball that can predict the future ;D

It could happen in the future, but the future is still a mystery to us. But for me, 5 years later will be too long to think about and it is better to think about how we can make more bitcoin from now on before the price rises. No matter how much bitcoin's price, if we don't try to earn more bitcoin from now on, we will be too late to join that party.

Nobody can predict this Bitcoin becasue the history has explained what experts couldn't in time past. Bitcoin can make such percentage in five years to come and can also make a dump, this is a fact. But, in my honest opinion, the current movement of Bitcoin price look impressive and it might continue with the price, recently, there has been many institutional investors trooping into the cryptocurrency world which give the signal of better days ahead, so, buy what you can afford to hold now before it's too late. 

I don't know about 5 years but in 10 years it is definitely going to make this type of increase. The truth is bitcoin is becoming more mainstream investment option for many people, but they are not doing it in big numbers just yet, it is getting to be more mainstream but not standard, right now regular stuff are still things like stocks, gold, real estate and whatever which means there are still people trading in crypot in lower levels but when we reach to that standard level and traded like those things, we are going to end up seeing huge increases in bitcoin price. That will not happen as quickly as 5 years because there isn't enough time, but in 10 years time it will definitely be long enough period that we could do that type of increase for sure.

Yeah mate, at the current rate of adoption we shouldn't be thinking or speculating what's not realizable in Bitcoin price. Though, the rate at which institutional investors are clunging Bitcoin can't make it price go to 20X or equivalent. For Bitcoin price to climb $300k is not visible taking into consideration some obstacles that are likely to erupt in future about Bitcoin adoption or the regulations that's awaiting Bitcoin from the G-7.

This year is not over yet. So there's hope to reach the 20k this year. Who knows, just before our year ends? Anyway, what the btc accomplished this year is I believe already great! Even with the pandemic, surprisingly the btc market survives and now we are heading to hit the ATH again. Don't underestimate the btc adoption as we are now seeing more and more big companies joining the crypto revolution.

This is just a pure speculation as we see daily tens of these predictions. I am not a fan of these "news", since aren't based in any evidence or analysis. it is just a generic forecast, since in a large time frame it could be possible hit this high value.
It is not referred to this specific claim, but I have some doubts about "marketing move" with such claims....

I have no choice but to agree on something that will benefit me if it's coming from good analysis and right data I hope to be here in the next five years and see if this comes true of course the forum will still be here and with all these speculations coming let's see which one will turns out to be true.

It is true no one can predict what to happens really in bitcoin price prediction this can make people lose their hope in bitcoin once their saw something interesting in bitcoin even they didn't have enough knowledge to invest or to put their liquid assets into bitcoin bitcoin is so unstable it changes time to time this is why people are making some small profit from it holding and selling it our choice to make, if he can provide something interesting or those billionaires has their eyes to invest into bitcoin then so be it.

Whenever I see articles like this all I wonder is how much money that person dumped into bitcoin on a hunch. They don't have a clue any more than the next guy and are simply hoping to make a profit on it - so it is in their interests to hype it up as much as possible so their own wealth doesn't go down. The fact that he has said gold will double in five years is rather wishful thinking too, because it tends to drop as the economy becomes more stable and we are already starting to come out of the Covid induced recession.

Bitcoin has risen more than 100x since the price of Bitcoin is still a few dollars,
and now many people want Bitcoin to be able to go up by 20x at the current price?
Of course this makes Bitcoin can have difficulties,
my advice is not to target investment for the next 5 years, 1 year already very nice.

Why do you prefer a short term over a longer one? After all, bitcoin is usually as good as possible in the long term. As far as I know, nothing special is expected in the next year, and if we take a period of 5 years, then we will go through another halving. And I think that the subsequent halving will have time to affect the price of bitcoin for the specified period.

20x in the next 5 years?this is too much to obtain mate because we can't even see a double value now while the Good things happening and you are telling us of x5?

It's ok to expect but not to Huge because the more we look at this is the more frustrated we become and the wrong decisions follow.

Just say Bitcoin will have increase but promising more than what it can achieve is misleading.
This is my Own opinion as i have seen many thread like this yet sooner brings falls outcome.

long term will have a high risk, the price of Bitcoin is not easy to predict for the next 5 years,
what if the price of Bitcoin becomes $ 100 again? do you not regret it ?, better short-term investment,
because the price can still be speculated.

It is not known in the next 5 years or 20, but this must happen, everyone already understands that this is inevitable. You don't need to be a cryptocurrency professional to claim this. Moreover, bitcoin has a system of increasing complexity, which will certainly reduce the supply of bitcoins against the background of constantly growing demand, that is, this is already one big factor that suggests that the price will surely rise.

It is not easy for traders to predict what percentage Bitcoin will grow in the next 5 years because the rise and fall of the crypto market is not fixed in one place. Prices increase based on demand and supply increases. However, it is expected that the price of Bitcoin will increase significantly this year and next year. In the last five years perhaps the current price will be higher many will rise and everyone like Fiat will start using Bitcoin in cash.

But first we  need to Break 25,000$ before making into that x20 or even x30 value because toad we are at 23,000 so making it x20 it should be almost a half a million dollars.

But if this kind of movement continue till next year  then the opportunity may be on our side.

But i'm a person in which only believing when there are big assurance of that going to be reality ,and i think this is not a Bad attitude since we are talking about money and assets here.

Maybe I will look back at this thread in the next 5 years if your prediction is correct, the movement of bitcoin that has surpassed ATH this year has caused a lot of attention, both observers and direct investors have different perspectives on the price that will happen afterwards, what it could be that bitcoin with a very volatile value is not impossible to reach 6 digits for the next 5 years.

It is always good to read this type of news, especially from investors of that level, although to be more credible they should give at least a small percentage of their analysis and what they are based on, as PlanB does with its S2F model, which He himself says that it has expiration, but it is his study and according to it he can say how to arrive at an amount.The rhythm that Bitcoin is taking so far is very good, we just have to wait to see those wonderful figures that at some point in time will be seen

But still, we should keep believing. Because of the things that bitcoin shows to us, we should never doubt it and make our beliefs even bigger. Maybe there are some people who are regretting that they doubt bitcoin and saying that it will really dump but look how far the price of bitcoin reaches, hitting the all-time high since it was created. In the next 5 years, who knows what's gonna happen, I think I should wait again for the price of bitcoin to get a little low and the I will buy some and hold it for a long time.

It's positive, it gives you more confidence as holder when you read positive stuff about Bitcoin future! Is it good? Yes it is, if you are a holder, but if you are a trader you need to forget about long run prediction and to focus on the present!
I am also positive about Bitcoin future, I am positive about some other coins future too! People are learning about crypto, and they are going through the same thing I went 6 years ago (some long before me, some later..), and they are realizing one important thign, crypto is better in so many ways! It's why Bitcoin will be more expensive in the future, and it's why some alt's will be more expensive too, more people will use it, a lot more people than now!

Yes $300k to $500k is definitely possible in 5 years. If Bitcoin continues to follow the four year cycle, that means 2025 will be the peak of the next cycle. The current cycle >$100k is very doable in the next year. And with institutional adoption finally starting now, with 5 years of increasing institutional adoption, not to mention paypal and similar bullish pieces of adoption, very possibly an ETF as well during this time, there will be an enormous amount of money moving into Bitcoin by 2025. I see no reason why it can't at least reach this range during the market cycle peak in 5 years.

During the bull run, we are so excited and predict that bitcoin will multiply and reach a certain point, nothing wrong with it as the pattern of the rise and fall of bitcoin seems to tend to repeated although not exactly in the same way. If it's true, bitcoin should reach a new ATH in 2021, one year after halving,  and the price will plummet in 2022, the next halving in 2024 and a new ATH in 2025.

For many of us 3-5 years is so far in the future and might be a long time to continue to hodl. 
I am just going to be realistic when i say that I think many people will have a hard time to not sell your Bitcoin if the price is $100,000. 
And then if the price gets to for example $250,000 I think many of us will sell quickly since this is for everyone some life changing money.

Agreed. 5 years is doable for me, I've anyway been psychologically prepared to wait at least that time before considering my position, dividing up what I have and inheritance and all that, but I will admit 100k will be difficult to ignore, seeing as that's more than a small fortune back home. Would wipe out all family debt, and that alone is something worth considering seriously. Life changing decision for sure but it would be a headache I'd love to have!

Exactly. People don't look deep enough when they look for a pattern. And this makes that many times the pattern they've found is incorrect.
This time the institutional investors may be one of the big components of the price growth. Voices are already telling that this bull run is different. Some already expect it to be longer and don't end so abruptly. Of course, even if they're correct, "different" can mean other things too (e.g. not so steep growth)
We can speculate a lot ;) but at the end, the conclusion is the same: we'll wait and see. We cannot foresee the future. And the traders have to be careful (don't they ever have to be careful?).

Oh gosh isn't this too much? Hey guys predictions are common what I request is let it be atleast a descent predict these days it's going beyond the limit.

To be frank everyone are aware that the future is definitely bright but please these type of predictions to be avoided hype doesn't mean we can make fool. Let's come up with unique predictions rather than expecting too much.

I can't believe how awesome everything is going right now, I have tried to figure out why people have been doing this for so long, and I have tried to realize that maybe the big increase came from the big companies that bought it, but turns out there are people who are fine with whats going on as well and they got involved too, it is not just the big money that is buying bitcoin, this huge increase wasn't the construct of whales that kept buying and increasing their position, of course they played a role but turns out there are sooooo many regular people who bought as well and that caused the increase.

I am in a billion different telegram group and I have seen so many people buying bitcoin right now, they have spent the last week or so spending their money on bitcoin, this had to have an impact eventually and we are seeing the results of that.

Bitcoin has already done its part since it was brought to people, it is more than a million times its least price it was sold at. But these predictions are too higher for btc to reach as it will need immense parabolic move from btc and the sell pressure will be equally huge then. Till so many big institutions bet a very big part of their portfolio in btc, even 100k looks too far in the next 5 years. And it is already too big now that it will give a great competition to Gold in the near future.

This does bring one thing to mind for me. Not only are those debts denominated in fiat money, but the way things are headed, debt forgiveness as a matter of government policy is becoming increasingly likely. For example, they are talking about wiping out up to $50K of student debt per person in the US: https://www.cnbc.com/2020/12/17/house-democrats-propose-forgiving-up-to-50000-in-student-debt.html

Imagine selling BTC to pay off your loans, then your neighbor get his loans forgiven by the government. :P

Once precedent like that is set, the prospect of consumer debt forgiveness stops seeming so crazy. Anything to keep the system from collapsing.....

Concur on debt forgiveness. Unfortunately, that sort of progressive mindset -- possibly part of the Great Reset consideration -- isn't likely to extend to developing economies, at least, not in my lifetime. And that debt's preventing personal progress for a lot of people. Can't get loans, can't even travel, can't do anything but stay and eke out an existence. That's a burden I'd very much like to settle in my generation and not pass on.  But yeah, be a slap in the face to "do the right thing" and then everyone else gets a free pass. Like I said, can't wait to have that headache;)

You definitely know were in a bull market when we once again start to see useless denial of the inevitable highs of each bubble mega-rally.

It's probably one of the things I hate most (besides the flooding in of noobs and fudsters) when in a bull market.

Most long-term holders know that a mere 20x increase is quite conservative. Just look at what happened in 2010, 2011, twice in 2013 and 2017.

That's an interesting point. I hate carrying debt. But as long as you can keep servicing the debt, it makes way more sense to put extra money toward Bitcoin which is gonna grow many times faster than debt...and then there's the possibility governments will start forgiving debt simply to keep a runaway system sputtering along.

Wow, so bullish, but I love that and I believe it's not impossible.

Imagine, getting a price of $500,000 5 years from now, that means I only have to save 2 btc in order to be a millionaire, it's my dream and I think I still have more time to do that as I believe bitcoin despite bullish now will dump when the correction starts.

the beginning of Bitcoin, the price is still very cheap, only $ 1, and now the price is very extraordinary, yes $ 24k,
just imagine if you have Bitcoin that you bought at $ 1, of course you are now a very rich person, in essence, do not expect the assets that have gone up very high,
if you fail then you will feel pain, just buy in a good zone and sell in a good zone to.

Higher the price better it is, but how much top price bitcoin will be able to retain for long is the big question, as it should not happen that it touches a certain ATH and then just keep on collapsing like 2017 and then take years before to recover it. So a good stable rise is much better and continuous growth will just help to achieve the good price levels.

You're right, and I don't think the rock-bottom bitcoin price (if dump happens) will go above $10k. With bitcoin rising very steady (with a few minor corrections) to its current point, that would put bitcoin firmly above $20k. Only great fundamental factors will cause a dump like 2018 and 2020.

It's very possible, gold won't stand a chance against bitcoin in near future but my advice is never plan to hold bitcoin for 5years because of predictions, within a whole year bitcoin always brings opportunity to his adopters, make sure you make use of the opportunity and earn more instead of locking btc away, there is power in buy low and selling high, btc is the perfect choice for this

Yep, I think they're pretty worried about a debt deflation collapse. This is a system that requires perpetual consumer growth, but wages have been stagnant for decades and consumer debts are sky high. Something has got to give. Forgiving student debt is just the tip of the iceberg.

Don't get me wrong, I love the idea of living debt free. It's something everyone should strive towards. But I also hate the idea of selling coins cheap (for any reason) when I know they'll be worth exponentially more someday. Just something to consider when timing out payment of one's debts.....

Your opinion not bad. I also agree next 5 years bitcoin price 20x up possible.
Last 9 years ago 2011 bitcoin price only 1$. Today bitcoin today price $22700+. Almost 22000x up bitcoin price, so I believe next 5 years absolutely 20x up bitcoin price

Well 1$ is far high from the 20k value.

Starting from 1 can make it a thousand ,but from thousand it will take more and more time to make Millions..

every single human can have 1 dollar to invest in bitcoin and keep it there,But not all Human has 20,000$ to risk ,or even no 20,000 till they Die .

and What is Bitcoin if the value is  400,000 ad more? what would be the true use,function of this? actually these speculation comes a reason why Bitcoin is not accepted by many governments because of they think Imposibolism is what inside this,I'm not saying this because i'm against Bitcoins increase ,bu t for me?i want to be fair and truthful .

Personally I try to not listen to people like that making those kind of predictions since it gives the wrong idea to a great deal of people, I think the price is going to be many times higher during the next 5 to 10 years but whatever the price it does not matter to me because I am going to be here invested in it, while many newbies look at numbers like that and invest in bitcoin and then as soon as the price begins to go down they think bitcoin is a scam and that it is never going to reach those levels.

If you are investor you should not listen to them since this might cause you a lot of money if you get caught by the dump and get fucked up your entire capital that's why always listen to your personal thoughts and do an extra research before believing such words given. Although many newbies joining now but what good thing I see in my local groups in Facebook and others is they have mentors and they are now doing some short trades in guidance with those person who experience the past ATH upset before.

People should be aware with these kind of bullish calls because this would surely result into mistakes if you do buy on the peak and the price had dumped and would tend to have an another very long bearish market
just like on what happened on previous years in this market where almost 3 years we've been waiting for this moment for the market to recover specially with Bitcoin and if it happens you have bought on peak
price then you would be ending up on holding possibly for several years.The question is., do you have that kind of long patience for you not to panic sell?
20x in current price of bitcoin in 5 years is a bit too much or unrealistic at all.

In order for bitcoin to increase 20x we need to reach to a gold market cap level of increase. It is not impossible, being around 400k-450k is not really "impossible" for bitcoin. We are in a volatile market and increasing in price will continue to happen plus now there are corporations who are buying hundreds of millions of dollars worth of bitcoin that should increase the price a lot more than what the regular people like me could do, with their few hundred at most.

However it is also a lot less possible as well, there is really nothing we can do to change that because it all depends on the market, we are one part of the market but not a huge part, which means if the market sees bitcoin as good as gold, it could reach to that level, if the market doesn't see it worth that much it could still increase but maybe not that much. So, I would say it is not going to be guaranteed that we will be X price, it could be 5k it could be 500k and we just don't know it yet.

I would love to come across a very positive topic about Bitcoin, despite the fact that no one can know the future. Moreover,
the next 5 years is quite a long time in my opinion, but seeing the current Bitcoin price, the price continues to rise. It makes
perfect sense to predict that in the next 5 years the Bitcoin price can rise by 20x, I hope that prediction will come true. So for
those of us who are planning to collect Bitcoin from now on, if we consistently continue to collect as much Bitcoin as we can.
So the next 5 years can be a rich person and have real financial freedom.

That's right "don't expect all your expectations will come true." because Bitcoin might be a hundred times higher than the current price today.
And yeah 5 years is a long time, a lot if things could happen and a lot of things could change. Bitcoin isn't at the peak yet, we're still here witnessing the rise of Bitcoin.
I'm not sure If you're talking about a negative or positive feedback, but allow me to tell you that Bitcoin throughout the years from it's creation has been in a rising pattern.

I don't understand why people compare gold with bitcoins. There's no comparison and if the gold cost goes up it won't influence the bitcoin market.
Digital forms of money are decentralized while gold isn't it's a controllable resource and governments are behind it.
Bitcoin may rise more in the next 5 years and it can cross $500,000+ since it has more potential than gold and we may see greater improvement in forthcoming days.

I do believe that our expectations are not that crazy, but 20x on 50k is is a million dollars. Even though I am very bullish on bitcoin, I do not think that 20x from here could happen anytime soon, not that it is impossible but let's be honest do you really think that 1 million dollars could happen anytime soon, I do not think it could happen for few years at least, maybe a decade.

So I think we should focus on the 20x as the title suggest, which was something along 300-500k prices, and that is not that bad, sure that is still quite long way to go but 300k from here is 6x and that is a lot easier to achieve compared to 20x price. Gold and bitcoin has been compared a lot in the past, and now the realistic approach is to get bitcoin to gold marketcap, I think that will definitely happen one day, but if we can get even close to it that would be awesome.

There are posibility that the bitcoin will rise up to 20x in the next five years, but i think it always depend on the market situation, i think 5 years is a short period of time for the 20x rise maybe it needs more than 5 years base on price chart bitcoin is increasing from the year that  it is first used or invented but the rising of its price is conditional and we dont know when that is why we also need patience.

There are number of reason why people compare gold with bitcoin as they think that bitcoin is digital gold. Gold marketcap is around  $9 trillion and if bitcoin gains that much marketcap, then we can't imagine the price of bitcoin at that moment.

With the bullish trend of Bitcoin that hasn't ended until now, it makes me believe that in the next 5 years the Bitcoin price can reach a 20x increase.
Moreover, this year many institutions have started investing in Bitcoin, it should be very easy for Bitcoin to go up to 20x in the next 5 years. So before
that happens, from now on we have to collect as much Bitcoin as possible. Because when it came true the Bitcoin price went up 20x. We can become
rich people, just imagining it I'm already very excited.

5 years later so we will meet another halving, and the positive impact of halving is the price will soar. So the question will be 20x or 30x? Yes or No. But whatever will happen in the next 5 years, I'm sure that bitcoin will be 20x-30x it will be in 5 years or more or maybe less than 5 years, who know??

I wonder why you think that gold is not decentralized? In my opinion, it is more decentralized than bitcoin. If half of humanity disappears, then gold will not lose its properties and most likely the demand for it will remain at a sufficient level. Bitcoin, in turn, is completely unviable outside the infrastructure that supports its existence.

People got hype and really optimistic when the market is at high, thinking x10, x20 in the next Bullrun is still uncertain. You can't be sure that everything will follow the same path as what we have today. No for sure, maybe we could say that its price will be doubled or tripled in the next Bullrun might be possible but this ( as you have mentioned), that is really hard to achieve. I'm not thinking negatively here but we shouldn't have to think too far from the possible scenario.

I remember in 2017 there were a lot of people who started to get into crypto when the price was super high at around 15k+ prices, some of them got lucky and made a profit, some of them were too greedy and lost a lot of money.

So, if you make a lot of profit and leave early, you are going to miss out on the chances to make more profit, if you make a lot of profit and never get out, eventually the price will fall and you will lose money for being too greedy. There is really this amazing point where if you sell at that moment and everything starts going down after that, it would be great for you but finding that and getting out at that price is not really that easy, it is really something challenging and rarely anyone can do that. Which is why I think many people will either leave early, or they will hold too much and lose money.