What will it take for bitcoin to hit $50,000? And when will it happen?

[Parodium]

As I'm sure most of you are aware, the was a recent correction in the BTC price, falling from approx $7,500 back down to $6,000 in the last few days, mostly likely caused by the miners switching from BTC to BCH, and the massive BCH pump.

Now it seems $10,000 is again on the horizon despite no major news benefiting bitcoin as of late. So, what do you guys think needs to happen in order for BTC to reach $50,000, and when, if ever do you think it will occur?

For comparison the current market cap of BTC is $119B, whereas gold is $7T and $880B for Apple Corporation.

Hence to achieve $50,000 per coin, the market cap of BTC would need to approximately equal Apple.

[best ever]

Not much to go to 50 000$ (I mean to be equal Apple).
Nobody can say when it will be exactly. It can be really in 2018. But if some government issues, than it can be only in 3-4 years.
I think it will happen, but just matter of time!

[RamesesLabs]

I think we hit $10,000 around the 2nd week of January. I think big investors are going to play it cool here at the end of Q4, watch each other, then the market explodes in January. That's just my take on the whole thing though.

[ajmapalo22]

It will take a long time for bitcoin to hit this big, although the value appreciation this year is very promising still I don't think bitcoin will ever reach $50,000 maybe after a decade but who knows it is unpredictable and no one can ever give the exact value of bitcoin in the future we'll just have to see what's gonna happen tomorrow.

[gabmen]

Well that's something to look forward to really. Personally, i think we're going to have a hard time reaching that. There are even speculations about btc even goong past 100k. We're all hoping for that of course but realistically, i'm not too sure if btc will even hit past 20k in 2018

[BitcoinHodler]

It will take a long time for bitcoin to hit this big, although the value appreciation this year is very promising still I don't think bitcoin will ever reach $50,000 maybe after a decade but who knows it is unpredictable and no one can ever give the exact value of bitcoin in the future we'll just have to see what's gonna happen tomorrow.

while $50,000 may sound like a large amount of money on its own when you think about it "this big" is only 5.25 times more than the current price. need i remind you that bitcoin has been rising at least 2x every year and th is alone it has gone up about 7x from the start of this year!

in other words you may be surprised how fast that price can get here, just like nobody even expected us to be talking about $8000 resistance now at the start of this year.

[klaaas]

while $50,000 may sound like a large amount of money on its own when you think about it "this big" is only 5.25 times more than the current price. need i remind you that bitcoin has been rising at least 2x every year and th is alone it has gone up about 7x from the start of this year!

in other words you may be surprised how fast that price can get here, just like nobody even expected us to be talking about $8000 resistance now at the start of this year.

Yes, agreed.
If 6 times more people start using Bitcoin it will rocket.

[jseverson]

Bitcoin's price is only really driven by demand, so what it would take for Bitcoin value to increase by 700% is increased adoption. We're slowly getting there, with even CME to start trading Bitcoin futures. Bitcoin is becoming more and more legitimate, and that is key for the mainstream to slowly get into the market.

What's scary is that we're not ready for it. All it takes is some spam to immobilize the network, as BCH supporters rather lovingly demonstrated. More adoption means more transactions, and the current Bitcoin can't really handle that right now. Changes need to be implemented sooner rather than later.

[mk4]

It's going to take a huge amount of money to go into bitcoin or crypto in general and a good amount of good news for bitcoin to hit $50,000. When will it happen? No one knows as no one can predict the news. If the demand still steadily increases overtime, I personally think it wouldn't take too long if we don't get any major FUD or major "bannings" in certain countries or states.

[ladydark]

We saw earlier that bitcoin price triggered and reached ATH of $8,000 just immediately after CME entered bitcoin market and announced that it would release bitcoin futures.Thousands of new accounts were opened in coinbase immediately.So,if more such firms enter bitcoin,then bitcoin price would skyrocket and it may reach $50,000 within three years.Also,no big immediate threat is found for bitcoin now and it would also pave the way for smooth increase in price.

[Erkallys]

For one bitcoin being worth 50 000$ you are asking me what it will take. But it will take nothing more than simply enough people to buy enough bitcoins for the price to rise that much. However what will push people to do so will can not be clear. Time first, but maybe also something big like Amazon finally accepting Bitcoin ...

[1NV3ST0NM3]

As I'm sure most of you are aware, the was a recent correction in the BTC price, falling from approx $7,500 back down to $6,000 in the last few days, mostly likely caused by the miners switching from BTC to BCH, and the massive BCH pump.

Now it seems $10,000 is again on the horizon despite no major news benefiting bitcoin as of late. So, what do you guys think needs to happen in order for BTC to reach $50,000, and when, if ever do you think it will occur?

For comparison the current market cap of BTC is $119B, whereas gold is $7T and $880B for Apple Corporation.

Hence to achieve $50,000 per coin, the market cap of BTC would need to approximately equal Apple.

All it requires is no government intervention in the way and you will soon see bitcoin flying up to around $50,000. Apart from that there is no need of any pumps to take btc to around $50000 pretty soon.

[Jhon3438]

For me bitcoin will hit in the market by the demand of btc and also to the growing economy of other country now a days that is why btc will boom and reach to $50,000 in the market depending on the needs of the market. And investors.

[J_Dubbs]

As I'm sure most of you are aware, the was a recent correction in the BTC price, falling from approx $7,500 back down to $6,000 in the last few days, mostly likely caused by the miners switching from BTC to BCH, and the massive BCH pump.

Now it seems $10,000 is again on the horizon despite no major news benefiting bitcoin as of late. So, what do you guys think needs to happen in order for BTC to reach $50,000, and when, if ever do you think it will occur?

For comparison the current market cap of BTC is $119B, whereas gold is $7T and $880B for Apple Corporation.

Hence to achieve $50,000 per coin, the market cap of BTC would need to approximately equal Apple.

It seems to me with such growth rates it will happen very soon. But really bitcoin will really grow when he is finished collecting miners. Then bitcoin will become a rare specimen and its price will only grow.

[alani123]

I think that for something like this to happen, a massive market upswing would have to take place. Other markets would have to take a hit for bitcoin markets to go up by that much and it's unlikely to see something like this happening very soon unless important steps are taken to make big investors feel safe enough to put money with bitcoin.

[Kprawn]

As I'm sure most of you are aware, the was a recent correction in the BTC price, falling from approx $7,500 back down to $6,000 in the last few days, mostly likely caused by the miners switching from BTC to BCH, and the massive BCH pump.

Now it seems $10,000 is again on the horizon despite no major news benefiting bitcoin as of late. So, what do you guys think needs to happen in order for BTC to reach $50,000, and when, if ever do you think it will occur?

For comparison the current market cap of BTC is $119B, whereas gold is $7T and $880B for Apple Corporation.

Hence to achieve $50,000 per coin, the market cap of BTC would need to approximately equal Apple.

Ok, if the current market cap is $119 000 000 000 and the price is $7500....then it should be multiplied by about 7 times to

reach $50 000 per BTC. That would mean the market cap should increase to $833 000 000 000 for the price to hit $50 000.

It sound impossible, but we only need under $1 000 000 000 000 of the gold investment capital to flow this way or from a

combination of other commodities.   {calculations was rounded off}

[John Langut]

Wow, I was not aware of the market cap of gold. Is there really such an amount of physical gold or is that just the speculative value based on gold futures?

[Parodium]

Wow, I was not aware of the market cap of gold. Is there really such an amount of physical gold or is that just the speculative value based on gold futures?

I believe the current market cap of gold is based on the amount of gold that has entered circulation, not just the predicted amount of gold available on earth.

Currently BTC stands at $8,200, up more than 10% from a week ago. Where does everyone expect it will be this time next month?

[btc-facebook]

If bitcoin demand uptrend just like current demand, it's possible to happen.
Maybe in next 1 or 2 year so my suggestion is just keep your bitcoin as long as possible since nobody can't predict for sure what will happen to bitcoin in the future beside absolute profit

[Lieldoryn]

I think it's too much to ask. It can only be the case if bitcoin will continue to be used only for accumulation and speculation. But in this case I'm not sure that bitcoin will exist for a long time. It seems to me that only the use of bitcoin as means of payment might save him and us from collapse.