Prophecy: the price of bitcoin will rise to $1 million in 20 years

[GrannyC]

https://www.aex.com/

The bitcoin rich Silicon Valley investment chiefs, former Facebook executives and Social Capital founder and chief executive of check - Palihapitiya Maas (Chamath Palihapitiya) said in an interview today, although bitcoin prices rose sharply this year, but he believes this encryption currency prices up a lot of space.

Palihaptiya was one of the first batch of bitcoin investors. He started investing bitcoins when bitcoin price was only 100 dollars, and then sold some bitcoins after the rise of bitcoin prices. He and two other Silicon Valley friends once owned 5% of the world's bitcoins at that time in 2013.

He said, "I think the price of bitcoin will rise to 100 thousand dollars in the next 3 to 4 years, and then continue to rise to 1 million dollars in the next 20 years."

Palihaptiya still believes that investors should put 1% of their personal net assets into the encrypted currency.
 
AEX bitcoin trading exchange to support a variety of digital asset spot transactions,including bitcoin, litecoin, ethereum and other online purchase and sale trading services,to provide you with a leading bitcoin trading experience, to meet your investment needs

https://www.aex.com/

Are you aware that if you put 10.000 in any conservative investment it is likely to be 1M in 20 years?

[BillyBobZorton]

It is just simple dream, which will never happen. Bitcoin can reach 20 000 USD or a little more and that's all. 

How many times do you need to proven wrong?

Your kind is the same that said we would never hit $1000 back in the early 2010-2012 days, then just one year later we hit $1000. Same for $10000 etc.

20 trillion dollars is nothing considering the total world's wealth and considering US will keep printing more fiat. We'll get there faster than 20 years actually, give it 10 for 1 million USD a coin.

[GrannyC]

It is just simple dream, which will never happen. Bitcoin can reach 20 000 USD or a little more and that's all. 

How many times do you need to proven wrong?

Your kind is the same that said we would never hit $1000 back in the early 2010-2012 days, then just one year later we hit $1000. Same for $10000 etc.

20 trillion dollars is nothing considering the total world's wealth and considering US will keep printing more fiat. We'll get there faster than 20 years actually, give it 10 for 1 million USD a coin.

Bitcoin is like the pitecantropous, very successuful, but soon to be killed by its stronger descendants.

[Idrisu]

I think this may happen before  date of your prophecy come to fulfilment. Many speculators said bitcoin will be $1,000,000 before 2025 and some said before 2020. 20 years to come is a very long distance and I think bitcoin should be above that by then or become nothing! Many things will be unfolding as we move on toward adoption of cryptocurrencies.

[player514]

https://www.aex.com/

The bitcoin rich Silicon Valley investment chiefs, former Facebook executives and Social Capital founder and chief executive of check - Palihapitiya Maas (Chamath Palihapitiya) said in an interview today, although bitcoin prices rose sharply this year, but he believes this encryption currency prices up a lot of space.

Palihaptiya was one of the first batch of bitcoin investors. He started investing bitcoins when bitcoin price was only 100 dollars, and then sold some bitcoins after the rise of bitcoin prices. He and two other Silicon Valley friends once owned 5% of the world's bitcoins at that time in 2013.

He said, "I think the price of bitcoin will rise to 100 thousand dollars in the next 3 to 4 years, and then continue to rise to 1 million dollars in the next 20 years."

Palihaptiya still believes that investors should put 1% of their personal net assets into the encrypted currency.
 
AEX bitcoin trading exchange to support a variety of digital asset spot transactions,including bitcoin, litecoin, ethereum and other online purchase and sale trading services,to provide you with a leading bitcoin trading experience, to meet your investment needs

https://www.aex.com/

I see this statement potentially being true, but it's really hard to look into the future like that if there's no physical backing behind those statements. People can say whatever they want, but he never really gave a true explanation behind his speculation. I don't see any concrete evidence right now that bitcoin is going to hit 1 million. Instead, I see that there is enough support coming in from tech companies to break 20,000 sometime in the future, but that's just about as far as my speculation goes.

[fabrizoc]

https://www.aex.com/

The bitcoin rich Silicon Valley investment chiefs, former Facebook executives and Social Capital founder and chief executive of check - Palihapitiya Maas (Chamath Palihapitiya) said in an interview today, although bitcoin prices rose sharply this year, but he believes this encryption currency prices up a lot of space.

Palihaptiya was one of the first batch of bitcoin investors. He started investing bitcoins when bitcoin price was only 100 dollars, and then sold some bitcoins after the rise of bitcoin prices. He and two other Silicon Valley friends once owned 5% of the world's bitcoins at that time in 2013.

He said, "I think the price of bitcoin will rise to 100 thousand dollars in the next 3 to 4 years, and then continue to rise to 1 million dollars in the next 20 years."

Palihaptiya still believes that investors should put 1% of their personal net assets into the encrypted currency.
 
AEX bitcoin trading exchange to support a variety of digital asset spot transactions,including bitcoin, litecoin, ethereum and other online purchase and sale trading services,to provide you with a leading bitcoin trading experience, to meet your investment needs

https://www.aex.com/

May be you are right because when the predictors said that at the end of this year the price will hit 10000 dollars but we saw that it hit almost 20000 dollars double than the expected. So it is also possible that the price will reach to I million dollars in the next years may before 20 years. All the investors of cryptocurrency are built-in with bitcoin; the reason is its high volume of profit return.

[dothebeats]

A long time for the price to gain traction, but apparently it is doable in such a long span of time. A year already feels like eternity in the crypto markets, add 19 more and you may have lived 20 lifetimes all in all by just watching the market. Well the prediction would come true--heck, there are even shorter time-frames projected by pro users in tradingview and it seems very plausible to happen. When the whole world gets involved, the price could easily push up to a hundred grand in 2018 alone, and the phenomenal $1M rise could be reached by 2020, and that is again if the whole world gets involved in the trading action. It's not very far from happening. The $5k and $10k psychological barrier was breached easily in just a year.

[GrannyC]

https://www.aex.com/

The bitcoin rich Silicon Valley investment chiefs, former Facebook executives and Social Capital founder and chief executive of check - Palihapitiya Maas (Chamath Palihapitiya) said in an interview today, although bitcoin prices rose sharply this year, but he believes this encryption currency prices up a lot of space.

Palihaptiya was one of the first batch of bitcoin investors. He started investing bitcoins when bitcoin price was only 100 dollars, and then sold some bitcoins after the rise of bitcoin prices. He and two other Silicon Valley friends once owned 5% of the world's bitcoins at that time in 2013.

He said, "I think the price of bitcoin will rise to 100 thousand dollars in the next 3 to 4 years, and then continue to rise to 1 million dollars in the next 20 years."

Palihaptiya still believes that investors should put 1% of their personal net assets into the encrypted currency.
 
AEX bitcoin trading exchange to support a variety of digital asset spot transactions,including bitcoin, litecoin, ethereum and other online purchase and sale trading services,to provide you with a leading bitcoin trading experience, to meet your investment needs

https://www.aex.com/

My personal prediction is that bitcoin has made history and will always be remembered... once it dies in less than five years. Please, care to remind this post then

[GrannyC]

Making predictions for 20 years into the future is a thankless task, especially when speaking about bitcoin price. However, $100k in a few years is possible.

That is bold to say. Nobody thinks that Bitcoin is just a pioneer and will be surpassed by more active and technically better coins. De facto, most other coins offer some technical competitive advantage over BTC.

[Fedor07]

Well , we all want that , right ? But I don't think that that's gonna happen , it's just to much , a million is just to much. But , let's think on what's gonna happen if Bitcoin reach this  value .  Well  , Bitcoin already made History , IS THE FIRST CRYPTOCURRENCY THAT... we all know it , but if his value is going to reach $1 million , it's just gonna be crazy, think at the profit and all that thinks , i would really like to see this.

[BitHodler]

Well , we all want that , right ? But I don't think that that's gonna happen , it's just to much , a million is just to much. But , let's think on what's gonna happen if Bitcoin reach this  value .  Well  , Bitcoin already made History , IS THE FIRST CRYPTOCURRENCY THAT... we all know it , but if his value is going to reach $1 million , it's just gonna be crazy, think at the profit and all that thinks , i would really like to see this.

You can't say it's too much. It all depends on the various levels of adoption, infrastructure that's being further utilized, etc. It might even be so that by that time $1 million per coin is an absolute steal!

Keep in mind that while we have experienced some adoption, this still is nothing more than peanuts, which is why I don't discard extremely high price levels at such an early stage.

That however doesn't mean that I am not conservative. I personally prefer to focus on things step by step. Currently my main target is to reach $50,000, and from there the next logical step is the $100,000 mark.

[Febo]

It is just simple dream, which will never happen. Bitcoin can reach 20 000 USD or a little more and that's all. 

LOL. Can you back up your daring prediction with anything else then a smiley?   Why do you think this way? Is there any chance you could be wrong? How big is that chance?

[vit05]

20 years?

One year ago it was 1k. In the end of this year could be 100k or 1k again. This is crazy. But what is crazier is to think we will still have a dollar in 20 years from now. Wake up. If Bitcoin hit 1 million that means he defeated gold as the store of value and another crypto will be used as a currency.