This guy predicts bitcoin to be $20,000 in 2 years. What do you think?

[AwpDragonPoor]

To be honest, it isn't that far fetched. The price is already 6k. People will see it's potential which leads to more demand, and even huger jumps. 6k to 20k will be over quickly, perhaps even in a year if it continues this way.

[megget]

It is not impossible if you are taking note of $20,000 in next 5 years. In december 2016, bitcoin price was only $800.
Since bitcoin surpassed $5000 in less than a year, bitcoin trade volumes are growing up and volatility is decreaing.
Even some great analysts estimated its value $100k in 10 years.

I completely agree. It's real. Perhaps the market will change, but if the trend continues, we will see more than $ 20,000.

[NorrisK]

There is a real momentum shift going on at the moment with bitcoin. People that were sceptical all the way till now are actually seeing they should atleast buy a few bits here and there to not be completely left behind.

If the masses start buying, 20k isn't that far fetched!

[Bergluft]

There is a real momentum shift going on at the moment with bitcoin. People that were sceptical all the way till now are actually seeing they should atleast buy a few bits here and there to not be completely left behind.

If the masses start buying, 20k isn't that far fetched!

Yeah, but such predictions become reality, also the alt coin market will see astronomical gains. So if I am entering the market with the attitude you described, I will likely invest in the very small coins with much upside potential - people will try to repeat the gains of those pioneers. And a lot of these gains will flow back to bitcoin in the end.

[adrianto1995]

From here: https://twitter.com/ICOAlerts/status/912334877801971712

I think $20,000 is impossible, or at least in 2 years. Maybe in 5 years yes.

lets wait and see what happenn with bitcoin in 2 years later...
i hope this prediction is true...

it will make everyone more interest to invest their money to bitcoin.... 

[Mrprobit]

19 october 2016: 638,64$
19 october 2017: 5636,42$

It's about +900% in one year.
You're laughing for a +350% in 3 years. Why?  

That is a great computation, and a good possibility to get that increase in less than 2 years.

Yes, this prediction is a little on the high side. I would be pleasantly surprised if we reached 20k that soon but I suppose it is theoretically possible based in this year's upward trend. It just seems unlikely that such a fast upward trend would continue for two more years without leveling off some, at least in percentage terms.

And with more and more speculation and predictions being released about bitcoins price in the next years. More and more people would consider investing on it that would result on getting a higher demand and faster increase on prices.

This is actually true the bitcoin value depeends on people and their interest only.the more people know about over the year millionaire story the more they will want to become one and start to invest in it.
more invest means more buy more buy means more hold and and more hold means price will shoot up in exponential rate.
I already seeing bitcoin in 100000usd..

[angelic$111]

You need to have realistic expectations...

[jenni161]

Yes I agree. Too ambitious  for that amount.However it will soon hit that price I think for around 4-5 years from now. I still even believe  that someday the price will be extremely  high that 1 bitcoin could be equal to 1 Lamborghini.  I will really  take note of this. And bitcoin in the future  will  surely  be known worldwide.  We are so lucky enough to know this early.

That will always be impossible, because there are almost 17 million bitcoins in circulation but only about 30,000 lamborghinis.

[Slipknot79]

Not really rocket science as a prediction. It will be 20K before the end of 2018.

[bitbunnny]

Not really rocket science as a prediction. It will be 20K before the end of 2018.

My moto is always never say never and I'm always hopless optimist but 20K before the end of 2018 is exaggerated prediction.
When the price is on the way up everyone thinks that nothing is going to stop it, forgeting how little it takes to disruppt the balance because many factors influence the price movement all the time.
I realy wish to see the price at 20K but still I'm careful with predictions.

[BountySoldier]

I want to believe. I've catch crypto twice - first, in 2009 next 2017. In 2009 when bitcoin was just like a joke i nevermind it. In 2017 when it became rel strong I'v bought it and now i want to believe.

[RuckSack]

I ran some numbers in a recent blog post about this, if we assume that the top 4 countries/regions in terms of exchange volume (US, Europe, Japan, South Korea). It would take 50% of the population to invest 1% of their annual income into Bitcoin to reach a price of $23,275.

So 50 of the population is probably a high expectation but 1% of income I can only assume is slightly below the average in terms of BTC investment, at least for most of us on here. Institutional money will make a massive difference, but if that money comes in the form of an ETF then things are a little less clear exactly how or to what extent that would affect the underlying BTC price. Especially when we're talking about ~$15k gain in price, the market cap would pretty much need to double.

I go into a little bit more depth behind the math in the post for anyone interested: https://medium.com/@rucksackmarketing/bitcoin-vs-1-trillion-market-cap-f442dffde920

[KuromaYoichi]

I think $20,000 is impossible, or at least in 2 years. Maybe in 5 years yes.

lol what the, i lost it the moment i saw ripple price. Really? $50 a piece for more than 38 billion supply. I can believe it for bitcoin price but i'm not sure for the rest in the picture. But one thing that i'm sure, it's impossible for ripple to have that kind of price in 2020.

[Macukica]

In the next 5 years it is impossible, that is my personal opinion ...

[annmarie]

I think he's crazy and pulling that number out of his ass. But boy do I hope he's right!

[noel2123]

well who knows it might be true we will never know but one thing for sure , it maybe 2 or 5 years from now bitcoin price will continue to rise , It will be good if on the span of 2 years it will be 20000 ISD then many of us will become rich already

[quesion.11]

I think it is possible to remember, bitcoin has increased by 600% since the beginning of the year, and another 300% increase in 2 years is absolutely possible.

[quesion.11]

I expect much of that, because people now tend to invest heavily in altcoin and ico projects.
However, I still think bitcoin is king

[Geemy]

almost go to 7000 now  
i think we will see the predict happen soon ( next year )

[quesion.11]

Well, I hope many people are optimistic and trust BitCoin like him
The future of Bitcoin and the cryo curency will be good
We will be together if we buy BitCoin today