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

[IamDerick22]

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.

[davis196]

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.

We can only wait for 5 years and see wether or not he is right.
I don`t trust statistical models about bitcoin price,because there`s always the risk of some big country regulating or banning bitcoin or all the cryptocurrencies.
Unfortunately for me,i can`t hold my bitcoins for so long.

[BTCLovingDude]

..because there`s always the risk of some big country regulating or banning bitcoin or all the cryptocurrencies....

then you don't understand what bitcoin, a peer to peer decentralized currency means!
also banning and regulating are not the same thing. banning is what Bangladesh has done. regulating is what Japan has done. the difference is 180 degrees

besides, in the end it will be about how many countries are open to bitcoin and how many aren't. so far 99% of countries are friendly.

[Isaac 777]

NO one will know what will happen next 5 years but 20,000 is too high  i think real value will be 7500$

[Cacingkemi]

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.

Tom Lee, a strategist at Fundstrat company. He has predicted bitcoin prices will reach the highest price, it will be high in the next 5 years but I think will not be up to 55K usd. All experts have predicted the BTC price increase will be up to 10K usd, if that's certainly up to me.

[Yuuto]

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.

This isn't really an impossible thing to achieve but then it is not that easy to achieve either.

$20,000 in my opinion is very very likely while $55000 seems somewhat of a stretch here. I think that usually, the price of bitcoin increases by around 3-4x each pump from the last pump(we've seen from 2013 the price was $1300, now $4000+).

And by this, bitcoin should reach at least around $18,000. If we can gain a major amount of new adopters in the years before 2022 then even a crazy prediction of $55k could actually become true. But it's very circumstantial.

[LFC_Bitcoin]

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.

Hope he's right, I'll be frothing at the mouth if the price goes that high. Those kind of prices are incredible, it'll be obscene if we reach that kind of level, 2022 isn't even that long away

[xPPx]

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

[poodle63]

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.

You don't believe with the speculation by someone without the reliable data to support that speculation regarding the future of the bitcoin. Many parties said that about how many price of bitcoin in the next 10 years or something like that, and that was a bullshit just the time will tell us about that.

[mk4]

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

True. Those damn ICOs. Taking up a huge number of bitcoin and ether then just dump it on the markets, effectively and significantly lowering the prices of both (if not almost all) cryptocurrencies.

I was fine with ICOs at first, but then people saw the huge opportunity to receive a huge amount of funds and now it's obvious that most of the ICOs are simply just cashgrabs. People even invest in ICOs even though there isn't a working product. The project managers just need a simple Wix/Wordpress website then they're already halfway finished so they can start receiving funding. It's sick. It's slowing down the price rise for sure.

[jerowacik]

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.

Hope he's right, I'll be frothing at the mouth if the price goes that high. Those kind of prices are incredible, it'll be obscene if we reach that kind of level, 2022 isn't even that long away

bitcoin prices are not easily predictable. anything can happen to bitcoin, so if the price happens then everyone will definitely get to know bitcoin .bitcoin will be a very revolutionary currency. year 2022 is still very long, but 5 years ahead we should wait because everything can come true.

[IamDerick22]

All we have to do is just wait. Because who knows what will really happen after 5 years. Just be positive.

[Seansky]

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 prediction is quite insane I think but it is very possible but in order for btc to achieve that price the slow transaction time problem needs to be solved first. Also btc needs to be spread more in order for this to happen, a lot of adoption will be needed to boost bitcoin price and reach the said target price. A lot can happen in the span of 5 years so I will wait for this to be a reality because it is too early to say that the target price is unachievable.

[btc-facebook]

All we have to do is just wait. Because who knows what will really happen after 5 years. Just be positive.

Based on Harvard community calculation, it's possible because every year , bitcoin show a promosing value every year
So as long as I'm believe on bitcoin, I can hold at least 1 btc for next 4 year since when you're act as investor, profit are greater rather than trader

[tippytoes]

The price is overwhelmingly insane but it might be true. We don't know what the future holds. I want to check this thread again and see what happens after so many years.

[cafucafucafu]

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.

It's not impossible to achieve, at all.

In my opinion it would be actually likely that this prediction comes true. I don't think that it is going to happen before the year 2020 though, because halving is at 2020 and that's when people feel like pumping bitcoin and the community feels more optimistic in general.

We have seen exponential growth every single halving event, and there is nothing to suggest that the 2020 halving is going to be any different. I would say though, instead of $20000-55000 that they are suggesting $15k-25k is much more realistic.

[alyssa85]

In order for it to go that high, we need institutional money to come in (pension funds and the like). And they won't as long as we have shenannigans with shady exchanges and FUD from China.

When the SEC refused permission for the ETF, they cited the difficulty of fairly valuing bitcoin (the ETF price would be based on the BTC price) because of unregulated exchanges, pumps and dumps, insider trading, and generally shady stuff going on.

Untill the bulk of the trading happens on regulated exchanges like GDAX, Gemini and Bitstamp, institutional money won't come in, and the price will stay relatively modest.

[glowing10]

NO one will know what will happen next 5 years but 20,000 is too high  i think real value will be 7500$

I think valuing at 7500$ in next 5 years is really ridiculous. I think if all things go good the prices should reach 7500$ by mid of next year. Currently there is a bit of resistance happening due to China mulling a ban which is resulting in a selling of btc. I think we require a little good news form somewhere to starts a rise again in prices.

[gentlemand]

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

By then they will have proven themselves to be overwhelmingly worthless failures. They're running on empty right now. How do you figure they're going to manage to draw it out for another five years?

[alyssa85]

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.