[BREAKING NEWS]: Wall Street Predicting Bitcoin To Hit $55,000 In 5 Years

[lambofan]

We always see this strategist and analysis in the news it is something to have some kind of entertainment in their part. Another scenario I see is that this man is hyping up Bitcoin because he is holding some of it and maybe his friends as well, this has happened in the past and will happen until now. So from my perspective even if he is an analysts we still want to do our own research as it is much safer and will create less bias for Bitcoin.

The second scenario is more likely to happen as I doubt much that they have not invested within this already for a long time,they are always looking for new ways of investing and I do not think this is the exception,so the main stakeholders would be them,maybe that's why they make that prediction so high for that time.

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[awren]

$55,000 would be nice! Although 5 years in cryptoland is a loooooong time.

[CheapVccSeller]

$10,000/coin is possible but i don't know about $55k lol.

[ruthbabe]

Great news! If we believe it then it's good to invest in Bitcoin at this early. But what about this coming August 1, 2017? I think it's wise for everyone to wait for that event first before we celebrate that joyful news!

[U2]

It's amazing how small our market cap really is. I wonder when the paradigm shift will be and cryptocurrencies take over fiat. Then we'll see 550k a piece.

[ecnalubma]

Straight of the printing press the paper is still hot and the ink wet as we deliver this story to you this evening.

Top Wall Street strategists see bitcoin 'cannibalizing' gold, worth as much as $55,000.

http://www.cnbc.com/2017/07/07/strategist-tom-lee-weighs-sees-bitcoin-going-as-high-as-55000.html

Updates if we can be bothered to post them...

Sounds good but high value means also high fees. Its impossible I think it will take a lot years before achieved that price, Its funny how did they come up with that prediction.

We need to go to the moon first before we can reach pluto. 😂

[Bitcoin2009]

I think this is great news, so I will not sell bitcoin if I do not need money, I'm sure bitcoin prices will continue to rise and this year will soon reach $ 5000.

[NJB18]

This breaking news is actually breaking me! LOL

I highly doubt this prediction but who knows. I hope this will come true. But as to the basis of this speculation, I doubt it. We are somewhere in the $2500 figure. This 2017 might end up with a $3500 figure. So I don't know when this $55000 will happen.

[Lucid717]

No way.

But it will likely be back up to 3K within the next month... and when it is it will climb to 4K by the time you can blink, as the people with cold feet will join the left over sharks that didn't strike when the iron was hot (and it hasn't been hotter than now since it was in triple digits), and it will soar.  I know a lot of the people that got out when it approached 3K and put their money in liquid assets temporarily are re-investing back into BTC this very moment as they eyeball that 2100. 

Then it'll stabilize around that 4K for a bit, and then continue a slow but steady climb as more of those BTC ATM's will start sprouting up and even more institutions will accept it as currency.  And even the average Joe will learn about it and we'll start seeing lines at BTC ATM's, as more people start turning to it over putting their money in the bank with today's laughable interest rates.

By the end of 2018 it'll probably be sitting around 5K and still slowly & steadily rising.

And it's all beginning right now as I type.

But 55K?... although I have very few doubts about the potential of BTC that is extremely wishful thinking.  I can see 10K in 5 years, but consider that even wishful. 

[jaysabi]

Straight of the printing press the paper is still hot and the ink wet as we deliver this story to you this evening.

Top Wall Street strategists see bitcoin 'cannibalizing' gold, worth as much as $55,000.

http://www.cnbc.com/2017/07/07/strategist-tom-lee-weighs-sees-bitcoin-going-as-high-as-55000.html

Updates if we can be bothered to post them...

Tom Lee was known as a permabull while at JP Morgan, and often criticized for overly bullish predictions. Now that he has his own firm, it seems his strategy is to grab headlines with an outlandish prediction guaranteed to get press. This should be viewed as nothing more than a publicity stunt to promote Fundstrat.

[AiWanChu]

maybe Warren Buffet is secretly buying all the BTC.. watch out.. This will make our PnD altcoin whales look like little shrimp  

[jaysabi]

maybe Warren Buffet is secretly buying all the BTC.. watch out.. This will make our PnD altcoin whales look like little shrimp  

Warren Buffet regularly eschews buying any tech stocks because he says he doesn't understand technology and can't predict disruptions that could declare his holdings or make winners out of others. There may be others inside Berkshire who are willing to look at crypto, but I guarantee it's not Buffet and likely not Charlie Munger either.

[btcprospecter]

That would be interesting if bitcoin reached that sort of prices, alot of people would be millionaires. Even some people with small holdings that sort of amounts could be life changing.

[Achargeturry78]

On the current trend yeah we could possible see bitcoin hits 55k usd in 5years. but theres a lot of thing that can happen on this 5 years. maybe we should just ride the trend.

[boyptc]

Interesting, coming from wall street? This will make another trend soon, for sure some are starting to buy silently bitcoin. I will keep even only 1 bitcoin up until 5 years and we'll see if I will have $55,000 by that time. It's already too much for me to have a living and will start a new business if that will happen.

[Silberman]

I dont see bitcoin price will reach 55,000 dollars each because thay price is very high . Many people said the maximum price of bitcoin will be 10k to 20k dollars each. And I think it will happen 10k dollars in the next few years but 55k dollars is very impossible to happen. 10k dollars is good and enought to make a lot of money if you have thousands of bitcoins for sure you will become rich or millionairr in the future.

Bitcoin can have any value, it will depend on the people that use it to decide what it is the value of bitcoin, in the next 5 years a value of 10k to 15k is reasonable in my opinion, especially if segwit is finally activated since that will give bitcoin the possibility to scale and accept more transactions so merchants will be able to use bitcoin and have cheaper fees and greater speed of confirmation thanks to the upgrades in the network.

[tiger2monkey]

On the current trend yeah we could possible see bitcoin hits 55k usd in 5years. but theres a lot of thing that can happen on this 5 years. maybe we should just ride the trend.

Yes, we could see 55k or ever higher. 2017 is a promising year so far. If it continues the trend of regulation, media and public adoption, it could be more than 55k usd in 5 years. Enjoy the bumpy ride.

[Mbokani]

I like the prediction very much and if the coin really surpasses ten thousand then i could make a huge profit with the coins i am holding right now,if the people from wall street could predict when the market goes down then that would be great.

[Apollo777]

Exciting times in Cryptocurrency market. When more and more investors come into the market there will definitely be more price stability.

[SvenBomvolen]

I'm not a follower of Wall Street, so I don't know did any of their predictions really came truth. But if it's going to be so, those people who are panicky selling bitcoins now, with a fear of the August first, will regret of their moves a lot.