Forbes - Looking Ahead To $20,000 Bitcoin

[tomahawk9]

Not surprising to see yet another bullish statement to fight the massive amount of bearish articles we've seen over the last couple of days. At least it's coming from Morgan Stanley and not a random financial "expert" like we usually see.

I think we won't see 20k soon, but in the long-term a rally to a the previous ATH is obviously the most likely outcome that we're going to see after such a massive decline in the price.

Btw, this post should be in the Bitcoin Discussion board or the Speculation board.

[Hughesy26]

I think what we really need is a bitcoin ETF (exchange traded fund)

When institutional buyers get involved and start buying huge quantities, prices will soar.

There have been quite a few positive news stories lately about regulators being surprisingly positive about bitcoin. I'm not sure if we need need a bit more regulation before we can get an ETF, but in any case when we get one, hold onto your hats as prices will blast well beyond $20k!

[bitae]

"Morgan Stanley has some good news for Bitcoin bulls, however: The 70 percent decline is “nothing out of the ordinary,” and what’s more, such corrections “have historically preceded rallies.” Just as the Nasdaq gained back much of what it lost in the subsequent years—before the financial crisis pared losses even further—bitcoin could similarly be ready to stage a strong recovery."
 
Source - https://www.forbes.com/sites/greatspeculations/2018/03/28/looking-ahead-to-20000-bitcoin/#646585822ec5

Great to always see good news of crypto in the news. Of course, the bear trends still continue but this piece of optimism is always nice.

What do you think?

Sounds very good, but unlikely to happen. I think the market will start to rise after some time, but it will hardly reach such high levels. But no one never knows. 

In a bear market, you should be cheering for Bitcoin, no matter if you support it or not. As long as it's the face of crypto, the overall market follows what it does. Shilling alts during a bear market is almost entirely ludicrous.

[nitin8263]

I hope that we could reach 20k again sometime this year. Recently there was news about increase in number of futures on bitcoin for increase in the price and reduction of opposite contracts and the market is developing.

[purplemoon]

I think that we are deceiving ourselves. The market is developing and it will never be the same. Instead of just sitting and dreaming, we have to adapt to the new conditions of the game.

[AshCoins]

It was almost $20k before the crash, that’s not a bold prediction.  I believe by the end of the year we’ll be above $40k and break $50k in Jan 2019 before it crashes back down to the 10-12k range.

[awazieik]

"Morgan Stanley has some good news for Bitcoin bulls, however: The 70 percent decline is “nothing out of the ordinary,” and what’s more, such corrections “have historically preceded rallies.” Just as the Nasdaq gained back much of what it lost in the subsequent years—before the financial crisis pared losses even further—bitcoin could similarly be ready to stage a strong recovery."
 
Source - https://www.forbes.com/sites/greatspeculations/2018/03/28/looking-ahead-to-20000-bitcoin/#646585822ec5

Great to always see good news of crypto in the news. Of course, the bear trends still continue but this piece of optimism is always nice.

What do you think?

I dont doubt that is going to reach 20,000 but it is not going to happen so soon. Bitcoin has not reached mass adoption where it can be used for everyday life. It is just right now a speculative asset but i see gradual adoption all over the world.

[DmitriySar]

The forecasts are very different, I saw that investors predict 40,000 by the end of 2018, I would like to see this price. But what heights will reach the price, will remain a mystery

[Bttzed03]

Well, that's a good read in this bear times.
Bitcoin could probably reach the $20K mark by early fourth quarter in my opinion.
Some say it could reach $40K or even exceed $50K at the end of the year.

[pihipawal]

I think the bitcoin will hit $ 20,000 again. There are too many bad news about Bitcoin and in the last two weeks Bitcoin is recovering and returning. Bitcoin will reach $ 20,000 by the end of 2018.

[iigor]

I believe in Bitcoin and I hope that Bitcoin will be around $20000 at the end of the year. I don't think that higher price will be good for the whole market, but $20000 would be great.

[n3r0srome]

Corrections like the one we are in are common and should be expected in such a volatile market. I believe in crypto stays on the same path it is, 20k BTC will only be a small barrier in a much larger bounce.

[KryptoKai]

Forbes knows whats right, this downwards trend cannot go on much further and the rebound will be intense. Going back to $20,000 will definitely be achievable and then surpass it this time around. At least we know at what level the ATH is, because the next step is going to be $30k!