[2017-09-03] Bitcoin by 2020

[Karartma1]

By now, many Bitcoin enthusiasts are trying to work out a realistic projection for Bitcoin over the next few years.

From analyst Ronnie Moas who sees a $15,000-$20,000 value by late 2020 to independent views that point at $1 mln per Bitcoin, some of these predictions seem outrageous and outright impossible.

Following the activation of the SegWit protocol and early testing of the Lightning Network that SegWit enables, the Bitcoin market has been gradually edging to a capitalization of almost $80 billion. Bitcoin’s market capitalization is now about 50% of the entire crypto market and has now exceeded 1% of gold’s estimated $7 tln market cap. Bitcoin is nearly half of Visa’s $200 bln cap.

More @ https://cointelegraph.com/news/bitcoin-by-2020

[Kprawn]

We are seeing incredible growth for a technology that has been around for only about 9 years. It is even more remarkable if

you consider that there are 1000's of other Alt coins out there. {competition is fierce} Can you image what will happen if a

few more countries start to acknowledge Bitcoin as a currency, like Japan did a while ago. We will not aim at the Moon,

because we will be going to Mars. 

[Wekkel]

Either Bitcoin will be a zero in the future, or be worth a lot valued in fiat currency. Personally, I find $15k calls for 2020 on the low side but there is always the chance of further crypto winters ahead. But the tech itself won't go away. In that sense, the Bitcoin price is meaningless in the long run.

[richardsNY]

Either Bitcoin will be a zero in the future, or be worth a lot valued in fiat currency. Personally, I find $15k calls for 2020 on the low side but there is always the chance of further crypto winters ahead. But the tech itself won't go away. In that sense, the Bitcoin price is meaningless in the long run.

How exactly is $15,000 to happen by 2020 on the lower side? Are you just saying that because the price has gone up a lot this year alone? I honestly find $15,000 by 2020 to be a very fair price -- it means that from current levels and time we'll increase with well over $3000 per year. We can't just expect from this market to increase in value with a few hundred percent each and every year. At some point we'll be facing times where not much is happening, and thus the speculative aspect will slow down significantly. With not much to look forward to, people will wait till something happens, and when nothing happens, they dump out of boredom.

[Gotottack]

$10,000 - $20,000 is easy for bitcoins. Just look at the historical growth of it. Since the start of the year it has already grown 500%! In 2016, it grew by 100% and the previous years had the same growth rate. Just imagine the constant 100% growth for the next 3 years. That would mean $5,000 at the start of 2018, $10,000 at the start of 2019, $20,000 at the start of 2020. So $20,000 price level is looking pretty easy.