Bitcoin Hitting $91,000 By March 2020 - Tom Lee, Fundstrat Global Advisors

[Suslura]

Do you believe Bitcoin must be worth more that $91,000 by 2020 then?

Nothing 'must' be worth anything. If it does get to that price it'll be on another insane run up, not a slow and steady appreciation. I think it would be several more years before a price at that level would be regarded as normal or boring.

we'd be eating our pride for quite a while afterwards as the aftermath of that one might hurt.

The fact is that I still can not explain the take-off of the Bitcoin price to 20,000 dollars. Therefore, I can not do this because of the full 91,000 dollars for Bitcoin. For me Bitcoin makes sense so a good kind of earnings, but I do not see in it certain values ​​for which people will pay money and, for example, for gold or an etherium.

[LFC_Bitcoin]

I remember around this time last year there were projections of $3000 by end of 2017 & we ended up seeing much higher. $91,000 by 2020 seems realistic to me, the next halving is then so I think it’s definitely possible.

[Wind_FURY]

Do you believe Bitcoin must be worth more that $91,000 by 2020 then?

Nothing 'must' be worth anything. If it does get to that price it'll be on another insane run up, not a slow and steady appreciation. I think it would be several more years before a price at that level would be regarded as normal or boring.

we'd be eating our pride for quite a while afterwards as the aftermath of that one might hurt.

Yes, but the price per coin must be worth more than the total expenses spent by the miners mining that coin. Not only on breakeven prices, but more, to give them enough profit and expand.

I believe the halvening alone would easily take Bitcoin back to $20,000.

[followmenot]

I actually wasn't checking indexes that much in last 2-3 months. But I am not surprised. Bitcoin was oversold after that crash. Price should have been around 12-13 thousand dollars but its not. It will reach there for sure.

[21millionsbtc]

Bitcoin long-term predictions are too long to predict these market conditions are best suitable for 6 months average price possibility as well as well know fact that bitcoin in long-term is bullish we can expect more than 91thousand dollars for sure

[mostkey]

so this time. what are the risks we might have if we hold large amounts of bitcoin. anything we can accept from what we hold. need to prepare themselves with all the risks that may be in charge

[pitiflin]

It's unusual to find a positive outlook for Bitcoin in the mainstream financial media these days but Forbes has published some research by Tom Lee, Fundstrat Global Advisors (link to article). The projection of $91,000 by March 2020 is based on what happened after each of the previous 'bubbles burst'.

They also recommend focusing on the main currencies as they see a shakeout of the 1,500 plus cryptos around at the moment.

This research has been posted by forbes,I can see at least two ways why Tom Lee made that happen:

1. He wants to gain attention so that people enter the bullish period now,and he is able to quickly profit right now.
2. He is trying to make an impression sort of thing,which again would give him revenue in the long run.

There are many more possible scenarios but it doesn't matter. There are so many of these rich investors predicting the price of bitcoin by so and so date,you can't honestly know what will happen. Go with the flow.