Bitcoin prices predicted to hit $96000 in the next 5 years

[BitcoinNewbie15]

There have been people predicting BTC will be $0 or $1,000,000 in the same time frame, these are all wild speculation with no real basis. You cannot simply extrapolate forwards from the 2017 bull run as that was an outlier that is not likely to be repeated again. Odds are it will stay roughly where it is for now until there is REASON for growth, which doesn't look too far away with lightning coming.

Lightning is live now, the network is continuing to grow, there is positivity bubbling up for Bitcoin. The altcoins are likely going to die, ETH is showing signs of this right now. Since Bitcoin has relatively low liquidity, the potential for a bull run similar to 2017 is still there. I think that the decision the SEC will make on sept 30 for the Vaneck ETF will be a driver for what the end of 2018/2019 holds for Bitcoin. A lot of speculators are waiting for an ETF (been talking about it since 2014) and the Vaneck/Solidx ETF seems to be the most promising proposal so far. The SEC commissioner is also pro Bitcoin ETF. If it gets approved that could cause enough hype to end the bear market and start the reversal. However, if it gets denied, I'm pretty certain we will see large panic sells that will drive the price down and into a crypto winter.

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[HeXecutor]

Well ... I think no one would be against such a strong growth of bitcoin, but it seems to me that it's too cool to be true. I would rather assume that the price will be somewhere around 50 thousand dollars ... in the best case 70 thousand dollars. On the other hand, hardly anyone has predicted that bitcoin at some point will cost even 10 thousand dollars ... so that it is possible all

[bajarang8668]

Yes, it is possible bitcoin price hit $96000 in next 5 years because bitcoin is limited and Government money is unlimited printing if bitcoin demand increases so the price also increases. John Mcafee is also predicted bitcoin price increase a lot.

[Sutters Mill]

As quoted by an analyst from the article (Source mentioned below)

"Currently, the vast majority of the total cryptoasset market capitalization is held in traditional store of value markets, with offshore deposits accounting for nearly 40% of the total," they stated in the report.

Going forward, growth in this market capitalization will come "primarily from increased store of value use case penetration," the analysts claimed.

Further, they predicted that as custody solutions "come online," the "penetration" of offshore deposits will increase "dramatically."

Adding to this I personally find it a possiblity due to the recent reports as mentioned below
1. A dealership in Houston Texas accepting bitcoins for the purchase of Rolls Royce cars
2. Goldman Sachs CFO says bank is working on bitcoin derivative for clients
3. Major Japanese Department Store Chain Marui Accepts Bitcoin
Goldman Sachs cryptoasset market capitalization plans seem to be inline with the analysts
claims.

You think these three things lead will lead to this random $96000 figure he plucked out of his behind?  . A car dealership accepting bitcoins really isn't a big deaL. It's nothing at all. I really hate these pointless speculations based on nothing but wishful thinking.

I wouldn't be so optimistic. I think bitcoin will reach $ 60,000 in five years. 96 000$ it sounds too good for bitcoin) IMHO

Why does 69k seem doable but 96 is a stretch? I think 60k within five years is very optimistic. I wish I was full of optimism as everyone else seems to be.

[Crypto one]

Bitcoins getting to 100.000 within five years from now are highly possible. If bitcoins and crypto currency are still something people use in 5 years then bitcoins will most likely have crossed over 100.000 dollars.
But in a 5 years period, many things can happens, the higher the Bitcoin price gets to, the bigger the crash will be, I personally believe  that we will get above 100.000 dollars for one bitcoins in the next 2-3 years.

[audaciousbeing]

There have been people predicting BTC will be $0 or $1,000,000 in the same time frame, these are all wild speculation with no real basis. You cannot simply extrapolate forwards from the 2017 bull run as that was an outlier that is not likely to be repeated again. Odds are it will stay roughly where it is for now until there is REASON for growth, which doesn't look too far away with lightning coming.

Please sound it for everyone to hear especially those who are relying on such predictions to make their investment decision with putting it to some logical test into what the prediction is all about.

The focus should really not about the end which is the price that has been predicted but the means to that end ie. How exactly do they expect that point to be reached. When one take a better study at those articles, you realize that its always a vague expression of opinion relying basically on percentage increase that have happened in the past rather than focus on practical adoption and use of bitcoin and the blockchain technology.

[anhhungxadieu0402]

I think the Bitcoin price will increase over the next few years, but relatively low. Because Bitcoin has not really made investors believe and invest in.

[bitbunnny]

I realy don't bother these preductions with huge exaggerated values that Bitcoin is suppose to achieve. They are usualy not based on anything solid and represent pure speculation. Of course, when it comes to Bitcoin anything is possible but still, let's be realistic.
This sounds more like wishful thinking and dreams of some users that Bitcoin will help them to become millionares.

[drm]

There have been people predicting BTC will be $0 or $1,000,000 in the same time frame, these are all wild speculation with no real basis. You cannot simply extrapolate forwards from the 2017 bull run as that was an outlier that is not likely to be repeated again. Odds are it will stay roughly where it is for now until there is REASON for growth, which doesn't look too far away with lightning coming.

Lightning is live now, the network is continuing to grow, there is positivity bubbling up for Bitcoin. The altcoins are likely going to die, ETH is showing signs of this right now. Since Bitcoin has relatively low liquidity, the potential for a bull run similar to 2017 is still there. I think that the decision the SEC will make on sept 30 for the Vaneck ETF will be a driver for what the end of 2018/2019 holds for Bitcoin. A lot of speculators are waiting for an ETF (been talking about it since 2014) and the Vaneck/Solidx ETF seems to be the most promising proposal so far. The SEC commissioner is also pro Bitcoin ETF. If it gets approved that could cause enough hype to end the bear market and start the reversal. However, if it gets denied, I'm pretty certain we will see large panic sells that will drive the price down and into a crypto winter.

Altcoins might not have the growth that bitcoin has had, but I doubt they will die.

[hirngespenst]

This can be happen, though it sounds risiculous when the market is dumped too much but the reality is, bitcoin will grow and will amaze everybody again and again! Who are spreading FUD, they will regret and they will become a bitcoin fan one day!

[Wulanayu]

I don't really believe that, I don't think it's a small number whether it is true that in 5 years it will rise as high as it does not think if bitcoin goes down like it now takes a very long time to hit the portal again and rise to high.
I like it if the price of bitcoin is expensive, but I think if it reaches that number in 5 years, I think it's impossible to just brag.
if he controls bitcoin or groups from satoshi nakamoto then it could be but still I don't think he will raise the price of bitcoin to such high in the short term.
because that can make people lose interest in playing bitcoin coins because of the exorbitant prices.

[lordmick]

As quoted by an analyst from the article (Source mentioned below)

"Currently, the vast majority of the total cryptoasset market capitalization is held in traditional store of value markets, with offshore deposits accounting for nearly 40% of the total," they stated in the report.

Going forward, growth in this market capitalization will come "primarily from increased store of value use case penetration," the analysts claimed.

Further, they predicted that as custody solutions "come online," the "penetration" of offshore deposits will increase "dramatically."

Adding to this I personally find it a possiblity due to the recent reports as mentioned below
1. A dealership in Houston Texas accepting bitcoins for the purchase of Rolls Royce cars
2. Goldman Sachs CFO says bank is working on bitcoin derivative for clients
3. Major Japanese Department Store Chain Marui Accepts Bitcoin
Goldman Sachs cryptoasset market capitalization plans seem to be inline with the analysts
claims.
Maybe it is hard to predict the exact value of bitcoins in the next 5 years but these are major player adopting bitcoins which will contribute significantly towards the
growth and adoption rate of bitcoins.
Is the prediction over bullish in your opinion ?

Source:https://www.forbes.com/sites/cbovaird/2018/09/10/will-bitcoin-reach-96000-by-2023/#79d5b93237dc

Personally I will not be surprised if I see Bitcoin price higher than $ 100K even in the next 3 years. No doubt that Bitcoin already have changed life of millions people and will change world financial system. May be in the future it will be replaced, but because of limited supply and unlimited demand its price will increase ten times and more. Otherwise, John McAfee will have to keep his promise.