Bitcoin forecast: Can Bitcoin price worth more than $100k in 2018?

[Tony_Nguyen]

With increasingly positive voices coming out in favor of Bitcoin, it remains to be seen whether it will actually increase in value significantly until the end of this year or whether it will remain around this levels. Many of the other cryptocurrencies have been consistently rising in the past couple of weeks. This is the reason why investors are again turning bullish on cryptocurrencies and think that, they will increase in value further. Many of the enthusiasts are actually predicting higher peaks as well as newer peaks for the cryptocurrencies.

Famous Venture Capitalist Tim Draper was on Bloomberg two days ago, sharing his thoughts on why Bitcoin will be worth a lot more than what it is today.

For reference, he’s the guy who predicted in 2014 that Bitcoin would hit $10,000 in three years. And it did!

This time, his prediction is way more outlandish, even by our insanely bullish standards. Draper predicts that a major part of today’s fiat currency market will be dominated by cryptocurrencies in the future. He identifies that the world market for fiat currencies is worth $86.0 trillion today.

If we go by his prediction and do some quick math on prices, Bitcoin turns out to be worth more than $100,000.

Draper gives us at least three reasons in his very brief interview why he believes that Bitcoin is the future of currency.

It’s borderless. You could go to any country and use it.
It’s not subject to the whims of a government. The supply is constant and the price is determined by free market demand.
It’s banking the unbanked. You can bypass the traditional banking system, avoid surveillance, and get rid of hefty fees.
As for investment advice, Draper made it loud and clear.

[manfredmann]

That is too much 100K per BTC is so FUD. Anyway we could maybe expect that there will be  market price increase but not that much imagine that the bitcoin market price as f this moment is only more or less 8KUSD compared to 100K USD then that would be almost x12 increase on the currency market price. So i guess it will not happen.

[BitcoinNewbie15]

That is too much 100K per BTC is so FUD. Anyway we could maybe expect that there will be  market price increase but not that much imagine that the bitcoin market price as f this moment is only more or less 8KUSD compared to 100K USD then that would be almost x12 increase on the currency market price. So i guess it will not happen.

What do you mean 100k per BTC is FUD? That's not what FUD is, that is a bullish prediction. Anyways, 100k per BTC is not going to happen by the end of the year, I agree with that. But, you are talking about an x12 increase, from $8k - $100k. A 12x increase is nothing, as in 2017 alone Bitcoin experienced a near 20x price increase. 12x definitely is within the realm of possibility. IMO Bitcoin will hit $100k by the end of 2019 or 2020. I very strongly believe this.

[BrewMaster]

all of it is true, bitcoin is borderless, decentralized, has finite supply,... and i truly believe that price will be $100k and then $500k and even $1million+ but i can not see bitcoin going up 1119% in only 5 months. that is simply impossible in my opinion.

and not just that, i hope that such rise doesn't happen because it will become a huge bubble which will burst and create a very long bear market which nobody wants.

[Baofeng]

You have to understand where, he is a venture capitalist, meaning he has a lot of investments and bitcoin is one. For sure he is like influencing for more investors to come in and pour their cash on the market so that his predictions will come true. As far as I can remember, his initial prediction was more than that. But he has to adjust because 2018 was a bearish one. I say I like his predictions but don't put too much expectations so that we will not be disappointed if it didn't occur this year.

[cryptohunter]

That is too much 100K per BTC is so FUD. Anyway we could maybe expect that there will be  market price increase but not that much imagine that the bitcoin market price as f this moment is only more or less 8KUSD compared to 100K USD then that would be almost x12 increase on the currency market price. So i guess it will not happen.

We need more FUDDERS like this.

100k is quite pessimistic though I do agree.

[pixie85]

I think that we'll go much slower this year. If ETFs get approved we can expect Bitcoin to go above 10000 USD and maybe pass 20000 by the end of the year.
100 this year is impossible. Even if we compare this to all previous rallies Bitcoin is usually going up by 400-600% per rally. If we rallied from the bottom of 6000 USD we could expect maybe 30 - 40 thousand USD before it corrects.

[Eclipse26]

I think this amount is too much based on this may hit at the level of 15k to 20k based on ETF approval this price may increase more and many predictors predicted about this issue but this market is so unpredictable so it’s tough to tell.

Yes, ut was very far to its amount now but maybe it will happen, no one knows. In fact what happen last time was also unpredictable. No one expect that it will pump that high. Hopefully soon it will happen again before this year end. Just enjoy using it whatever price bitcoin will have.

[Ledy Alise]

I doubt bitcoin will hit $100k this year, because it has lost investor trust, and will need long time to recover from it. In most positive scenario it can end the year somewhere between $13k and $15k, and if it does hit $20k next year, most likely we will see a new rally, in best case reaching $100k.

[dirisu2018]

over a thousand% increase seems so impossible, BTC would not surge so high like that in just months, it will get close to that by year 2019-2020 according to tested and trusted experts forecast.

[rugrats]

You have to understand where, he is a venture capitalist, meaning he has a lot of investments and bitcoin is one. For sure he is like influencing for more investors to come in and pour their cash on the market so that his predictions will come true. As far as I can remember, his initial prediction was more than that. But he has to adjust because 2018 was a bearish one. I say I like his predictions but don't put too much expectations so that we will not be disappointed if it didn't occur this year.

I agree this could also be a tactical shout out to investors to turn to bitcoin and while he was right in his first prediction, this second prediction for me it seems too unrealistic in this short time frame.

[Adeforever]

Impossibility can never be possible, this just too much, no much hype will make btc worth such and we should be expecting the range of $20k to $30k.

[muslol67]

The price increase that has taken place since this period of last year can certainly be repeated.

[pambud]

I agree that Bitcoin will increase by the end of this year but not that much $ 100k is too big buddy let's say $ 20k or $ 25k , but who knows anything could be happen in Bitcoin.

[khaled0111]

The price can reach 100k and more but probably not this year.
Bitcoin price is strugeling to stay above 7k which way far from the 100 we are seeking.
Good news are every where so let's stay optimistic.

[Osakrita]

That would have been nice if it were possible, I strongly doubt if such a feat is even possible  in 2018. Adoption should increase 10 fold to achieve that figure in my estimation.

[stefy77]

I doubt it strongly. If it only came to $ 20,000 by the end of 2018 it would be a huge success.

[akosipepot]

It would be amazing if the value was to raise by that much but as much as some of us wish for this to happen I do not think it will happen by the end of the year.

[Osakrita]

That is too much 100K per BTC is so FUD. Anyway we could maybe expect that there will be  market price increase but not that much imagine that the bitcoin market price as f this moment is only more or less 8KUSD compared to 100K USD then that would be almost x12 increase on the currency market price. So i guess it will not happen.

What do you mean 100k per BTC is FUD? That's not what FUD is, that is a bullish prediction. Anyways, 100k per BTC is not going to happen by the end of the year, I agree with that. But, you are talking about an x12 increase, from $8k - $100k. A 12x increase is nothing, as in 2017 alone Bitcoin experienced a near 20x price increase. 12x definitely is within the realm of possibility. IMO Bitcoin will hit $100k by the end of 2019 or 2020. I very strongly believe this.

I suppose he meant to say FOMO , not FUD. Even with FOMO, it is unlikely we hit such high in span of a very short time (less than 5 months to the close of the year)

[Xenoph0bia]

That is too much 100K per BTC is so FUD. Anyway we could maybe expect that there will be  market price increase but not that much imagine that the bitcoin market price as f this moment is only more or less 8KUSD compared to 100K USD then that would be almost x12 increase on the currency market price. So i guess it will not happen.

What do you mean 100k per BTC is FUD? That's not what FUD is, that is a bullish prediction. Anyways, 100k per BTC is not going to happen by the end of the year, I agree with that. But, you are talking about an x12 increase, from $8k - $100k. A 12x increase is nothing, as in 2017 alone Bitcoin experienced a near 20x price increase. 12x definitely is within the realm of possibility. IMO Bitcoin will hit $100k by the end of 2019 or 2020. I very strongly believe this.

I suppose he meant to say FOMO , not FUD. Even with FOMO, it is unlikely we hit such high in span of a very short time (less than 5 months to the close of the year)

No this is too early.Bitcoin cannot reach to such a great amount in a short time period.Bitcoin is very down from a very long time now and is unable to recover.Bitcoin's price depends on number of factors like demand amd supppy forces,how much investment is done in bitcoin,some countries banned bitcoin.All these are important factors.But the users of bitcoin have full faith in it and that is why they hold their bitcoins for future price rise so that they can earn money.