Bitcoin to hit the $30.000 mark before 2020

[Oilacris]

One of the user has quoted that the price $30000 is something too much. I never have such a thinking, because on adoption from a single country the price grew as high as $5000. So when more countries make active use of bitcoin, even without legalized manner surely support in the growth and the same might cause the price move higher.

It is somehow exaggerated to speculate such thing because 30k usd price per bitcoin is too much because adoption wont really be too much on 3 years time as of now. We even hardly surpass or break 5k price on 8 years time on bitcoin and presuming on 6x more on its price for the span of 3 years would really be hard for sure.

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[Oceat]

Just spoke with several financial experts with backgrounds in the banking sector. They told me once Japan opens itself up to the Bitcoin the currency is very likely to reach the 30.000 USD mark before 2020 since
Japan has been known to be a trendsetter and have high influence on the EU and US markets.

I'd have to say that you have to be pretty optimistic to predict these figures, however i'm not saying that they are impossible at all. In fact John McAfee said that bitcoin will be worth around $500k by around the same timeframe.

And it's not just Japan adopting, it's also Australia and they are a big economy. Plus, halving is on that year as well making the pump more likely.

Though, i think that maybe half that price is more likely. $15k per coin is a good prediction for 2020, but $30k is a bit of a stretch.

I agree, the possibility of reaching $ 15K in 2020 will be achievable but for $ 30K it is doubtful to reach that price, I think the price is too high for that price over the next 2 years.

that is right, although that price is possible, without supporting from many people especially from community, bitcoin will difficult to reach more than $15k. i think in 2018 and 2019, bitcoin will become globally and more country will approve bitcoin so we can reach that price without any problem. and we have time to go that price and when the price is really in $15k or more, i am sure that we all here can be a new richest people in our city.

I think it's hard for bitcoin to reach the $30,000 in 2020, due to unstable fluctuate of bitcoin in the market. Maybe on 2020 bitcoin value in cryptocurrencies was around $8,000 - $10,000 but the condition of this projection was depends on increasing and decreasing of bitcoin in the following years.

maybe your number prediction will become true as we see now bitcoin price is still below than $4k but soon in next month, i hope the price will reach $45xx because i see the trend is up again but i don't know how much the price will increase. so we can only waiting for that time and we can do trading to make more profit.

If I'm waiting the price of Bitcoin like your said, I can not become the professional trader and I never have chance to change my life and get rich early. What do you know the difference between trade and gamble?

As long as you are breathing, you still have the chance to change your life. There is no such thing as easy money. Study hard on trading and earn good amounts. Trading is using knowledge and skills to earn. Gamble is when you just buy a coin without much doing proper research.

Both Trading and Gambling requires knowledge, time and effort before you get to learn everything from it and you may lose some money too in exchange for a knowledge. When you trade you gotta have to look at the price, fluctuation, forks, fud, etc., before you become a master in that field either short-term or long-term trader. Gambling also requires some knowledge of the game and luck, considering of what you've learn in the game this will be your skills and you will have to choose a game that you are comfortable with to win.

[RodeoX]

Just spoke with several financial experts with backgrounds in the banking sector. They told me once Japan opens itself up to the Bitcoin the currency is very likely to reach the 30.000 USD mark before 2020 since
Japan has been known to be a trendsetter and have high influence on the EU and US markets.

An opinion + a number = An opinion.
The data are not available to make such a calculation. While they are obviously correct that an open Japan would likely raise the valuation, ascribing a number to that is total guesswork based on opinion not math.

[gilad215]

One of the user has quoted that the price $30000 is something too much. I never have such a thinking, because on adoption from a single country the price grew as high as $5000. So when more countries make active use of bitcoin, even without legalized manner surely support in the growth and the same might cause the price move higher.

It is somehow exaggerated to speculate such thing because 30k usd price per bitcoin is too much because adoption wont really be too much on 3 years time as of now. We even hardly surpass or break 5k price on 8 years time on bitcoin and presuming on 6x more on its price for the span of 3 years would really be hard for sure.

I think you miscalculated the rate of increase of investors in cryptocurrencies this year. Unless you wouldn't have said that $30k is not possible by 2020 and demand is not so high. $30k is very much possible by 2020 and most probably Bitcoin will be touching that number before the end of 2020. There is huge inflow of investors in particularly Bitcoin this year and this number is only going to multiply in coming years because bitcoin is getting mainstream now. Interest of future investors will automatically increase because of the growth and the return rate that Bitcoin offers. There is a huge market for cryptocurrencies that are potential investors but haven't yet heard of cryptocurrencies. With Bitcoin getting media attention that market is definitely gonna triggered and bring in more investors who will take the price to the moon.

[LFC_Bitcoin]

I think $30,000 priced bitcoin is a possibility after the next halving which is actually in 2020 I believe. I’d be very happy if the OP’s statement bears fruition.

[malikusama]

Just spoke with several financial experts with backgrounds in the banking sector. They told me once Japan opens itself up to the Bitcoin the currency is very likely to reach the 30.000 USD mark before 2020 since
Japan has been known to be a trendsetter and have high influence on the EU and US markets.

I am sure that those financial experts don't have any background and experience in cryptocurrencies. There is a huge difference in characteristics between paper currency and cryptocurrencies, the volatility of price is too high in cryptocurrencies that's why they are unpredictable, what could happen in future nobody knows.

[1Referee]

It is somehow exaggerated to speculate such thing because 30k usd price per bitcoin is too much because adoption wont really be too much on 3 years time as of now. We even hardly surpass or break 5k price on 8 years time on bitcoin and presuming on 6x more on its price for the span of 3 years would really be hard for sure.

From this point it doesn't look all that realistic, but that's basically also the same if you on December 31 of last year would have asked people whether or not they believe Bitcoin will touch $5000 before the end of 2017. People would either laugh at you, thinking that you're a noob, or they would tell you that they think reaching such levels would be a great price at the time the block halving kicks in, which is in 2020. Bitcoin's eco system is still a tiny dot, and we have seen the perfect example this year of how an increasing level of adoption can steer this market to record highs. Imagine how things will be when institutions start entering this market with billions of capital. Bitcoin does exactly that what people don't expect.

[lexamagic]

I think that for 3 years bitcoin will not have time to grow to such a mark. By 2020, he can reach a maximum of $ 15,000, provided that no one will interfere with his growth.

[aardvark15]

Just spoke with several financial experts with backgrounds in the banking sector. They told me once Japan opens itself up to the Bitcoin the currency is very likely to reach the 30.000 USD mark before 2020 since
Japan has been known to be a trendsetter and have high influence on the EU and US markets.

$30,000 by 2020 for Bitcoin is very ambitious. I suppose it's possible but the price would need to be 6 times higher than the current price in 3 years. Actually if they are saying it would reach that before 2020 then it would be in just 2 years. We've seen an increase even greater than that for the past year but it's hard to predict a high return continuing for 2 more years straight, but it's possible

[mast3rm1nd]

here's an interesting idea: if enough people believe that it's worth 30,000 they will drive it to that price like a self fulfilling prophecy.

[Reatim]

I think $30,000 priced bitcoin is a possibility after the next halving which is actually in 2020 I believe. I’d be very happy if the OP’s statement bears fruition.

Oh yes, their is the next halving so this could be another parameter that will push the price to $30K in 2020. Bitcoin will be scarce but their is a greater demand for it. But its still a long way to go, so its really hard to see what is the future price of bitcoin. Realistically, $30K is too high a price so I personally think it would not be meet in 2020. Its a very aggressive prediction.

[chesthing]

If enough btc holders hold until all or most of the things they buy accept btc then the price will surely reach way beyond $30k.
If you wait until you can buy gas, groceries, utility bills, Ebay and Amazon stuff with btc instead of waiting till the right price to sell for fiat = rich.

[blackmagician]

Maybe after the halving on 2020 bitcoin will hit 20 to $30k. Everywhere you can see bitcoin on the news specially on business and other money related programs. Banks will accept bitcoin, nobody can stop bitcoin cause were already in the world of digital, all things will become digital andd bitcoin fits on it.

[JL421]

it can with the increase it has been getting lately I'm sure in future we can achieve such a target seeing the fact people still remain calm and invest in it and not sell it unnecessary reasons it can reach new heights

[thecodebear]

absolutely it can. I expect $15-20k in 2018 and low 30's in 2019. So yeah I think it'll reach $30k in the Fall of 2019