$50K bitcoin valuation share your thought

[amacar2]

BTC is traded 24/7/365 non stop, adding $2 billion perday into the valuation, its not far fetch to think that $50K/BTC valuation is reasonable

But you also have to remember that traders also pull out profit in between so its always not like money pouring into bitcoin, but $50k per bitcoin is quite reachable within next few years (in less than 10 years for sure).

However bitcoin's future is still uncertain with lots of regulatory changes and bans surfacing up around the world. China have banned bitcoin exchange, what? nobody have thought they can do this...

[LuanX3]

This is excerpt from CNBC interview with  Ronnie Moas, founder and director of Standpoint Research


BTC


He said he expects the price of bitcoin to jump to $50,000, possibly within a decade and the market value could cross a trillion dollars.

"You have a supply-demand equation here that is mindboggling to me," Moas said. Bitcoin has a limited supply of 21 million tokens, which is expected to be reached only in the next century.

But Bitcoin's growing popularity and acceptance among users to carry out financial transactions could mean a wider adoption in the future — and greater demand for the cryptocurrency. According to Moas, in a few years, there could be about "200 million people around the world trying to get their hands on a few million bitcoin." That, he said, would drive the price to $50,000 per token.

I too believe this, it is totally possible to do, since prices are pretty much already going to that level. It's just needs to multiple by about ten times before it reaches $50,000. Remember that prices started with $800 by the start of the year, and prices have not stopped ever since that time. Imagine it would happen every year, even half of how much it raised from totally beat the $50,000 prediction by a century.

[Welsh]

50000$ is only possible after 3 years or later if mass adoption gonna to follow crypto uptrend. IMO price will stay in range of 5000-10000$ till end of first quarter of next year.

I'm not sure where you pulled that number from, but Bitcoin could reach that sooner it only needs the publicity and a few big companies to start trading in Bitcoin. Steam when they started accepting it bumped the price up a little bit. Imagine big companies such as amazon or google accepting Bitcoin it would cause the price to rise to a undetermined amount.

[1Referee]

Imagine big companies such as amazon or google accepting Bitcoin it would cause the price to rise to a undetermined amount.

This is what people were dreaming of back in 2013/2014, but now it's not much of an important matter anymore. Bitcoin doesn't need large merchants to hop on board to make its price shoot up hard - current levels are the perfect example of that. You also have to keep in mind that Bitcoin in its current form, isn't suitable for Amazon and Google to be used as payment form. For that to happen we need off-chain solutions (think about Lightning Network) to take care of insane number of transactions. And as long as these off-chain solutions aren't there, there is no way they will hop on board. We just have to remain realistic - if things aren't possible for now, then accept it at least and focus on something else.

[BTCMILLIONAIRE]

50000$ is only possible after 3 years or later if mass adoption gonna to follow crypto uptrend. IMO price will stay in range of 5000-10000$ till end of first quarter of next year.

I'm not sure where you pulled that number from, but Bitcoin could reach that sooner it only needs the publicity and a few big companies to start trading in Bitcoin. Steam when they started accepting it bumped the price up a little bit. Imagine big companies such as amazon or google accepting Bitcoin it would cause the price to rise to a undetermined amount.

Exactly this. This is one factor that creates the high price predictions by numerous prominent figures. Bitcoin isn't the first asset to rise exponentially in value, and it won't be the last.

[afbitcoins]

50K is quite conservative as a bullish target.

If you read between the lines in between calling bitcoin a fraud, and investing in it being 'stupid'  Jamie Dimon predicted 100K I think.

But which will be the real bitcoin if any by then?

[cryptocrusher]

Really any articles like this are all just pure speculation and people plucking numbers out of thin air. No one really knows where the price will end up but at least some people use some sort of scientific methods or reasoning to justify the price they suggest.

[BTCMILLIONAIRE]

50K is quite conservative as a bullish target.

If you read between the lines in between calling bitcoin a fraud, and investing in it being 'stupid'  Jamie Dimon predicted 100K I think.

But which will be the real bitcoin if any by then?

If things continue as they have it should be Core. But who knows when the majority of miners won't end up shooting themselves in the foot out of greed...

[diguyo]

Personally don't think it'll ever reach that level. It'll be succeeded by something else before that comes along - I don't expect bitcoin to be here in 10 years. Too many scaling issues for it to go mainstream.

[BTCMILLIONAIRE]

Personally don't think it'll ever reach that level. It'll be succeeded by something else before that comes along - I don't expect bitcoin to be here in 10 years. Too many scaling issues for it to go mainstream.

Miners will scale very quickly if they see their income at danger.