Bitcoin will be worth $20,000-55,000 by the year of 2022

[iv4n]

I could see $55K if there weren't thousands of coins and ICO's popping up everywhere.

People are investing into ICOs and other coins, because they perceive there to be better percentage returns on those.

That should tell you something very important - which is that at about $4100, a chunk of investors think bitcoin is too expensive and are seeking other investments.

Other investments with bitcoin, alts are traded for bitcoin and they are used just to make more bitcoins. All investments are getting back to bitcoins in the end, and I don't think that other alts are slowing down bitcoin, its contrary. With so many alts and projects people have more things to do, more transactions are made.
Under the other investments are icos. People are joining and people invest in icos to earn some more bitcoins, can you see that? Its not important ico, its important how much profit someone can make in short time. After the end of ico most of the people are dumping that coins, the ones who entered in pre-sale and they have profit and after that coins are going down.

[bitcoin31]

I dont think bitcoin price will reach that price. Because it takes more years or 1 decade before reachmore than 20,000 dollars price . Whatif the price of 55,000 dollars the percentage to happen that price is very low . But everything is possible to happen but I hope bitcoin price will increase so we can make a lot of profit.its better to buy bitcoin now and hold it for few years and you will be glad for the result.

[albertvert]

I dont think bitcoin price will reach that price. Because it takes more years or 1 decade before reachmore than 20,000 dollars price . Whatif the price of 55,000 dollars the percentage to happen that price is very low . But everything is possible to happen but I hope bitcoin price will increase so we can make a lot of profit.its better to buy bitcoin now and hold it for few years and you will be glad for the result.

Ya true. Today price of bitcoin is around 4250$.It may be low value now. So you can inverse your money. If the value move forward means, the amount you will get is more than the invested. I think the price of bitcoin will move towards the 20,000$ at the end of 2020.

[Epimetheus]

This is a very promising statement and if this will happen then I am pretty sure that by then I will be a millionaire, so cheers to that.

I dont think bitcoin price will reach that price. Because it takes more years or 1 decade before reachmore than 20,000 dollars price . Whatif the price of 55,000 dollars the percentage to happen that price is very low . But everything is possible to happen but I hope bitcoin price will increase so we can make a lot of profit.its better to buy bitcoin now and hold it for few years and you will be glad for the result.

Well this can happen, you can see that in about 2011 the bitcoin price was what 0.001$?? and see after 6 years the price is $4.2k so the $50k price is also realistic.

[Stedsm]

Speculations made it possible for Bitcoins to be at current levels else who could have thought that it will be doing a 5x in a couple of months?
If we are talking about 20k, then it looks realistic in the next 5 years period but I think 55k is a huge target and needs much more time to be achieved.
Some very established personalities are getting in front to promote crypto world and it may make it possible for Bitcoins to even cross the numbers which are just a dream atm.

[aardvark15]

Widely followed strategist Tom Lee said in a report that his
model shows bitcoin could rise to a range of $20,000 to
$55,000 in the next five years.

The report is a first from a major Wall Street strategist on
the digital currency.

That would be in the neighborhood of a 40% gain every year just to be on the low side of that projected range. I hope he is right but it seems unlikely to have that kind of gain for 5 years. I can see a big gain every once in a while like this year but that seems to be very ambitious.

On the other hand, Bitcoin is very unpredictable and it is volatile so anything can happen. It seems like it would take something like mass adoption of Bitcoin for the value to have that king of increase.