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

[Suckerpunchman]

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

[Faroxx]

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

[CryptoHaris]

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

These motives have a lot of weight and will definitely mean a lot when it comes down to it.

I am not gonna disagree with this. At the same time I am not overly optimistic about it, or rather I don't wanna be.

Let us see how this turns out to be.

[Juggy777]

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

While I love to see bitcoins prices go up I prefer to be realistic, and currently this looks more like a marketing gimmick to me. If you're seeing at current levels I would keep it under 50k as a realistic target for the next 5 years, maybe it can cross higher, but it'll need major announcements like bitcoins etf being accepted, USA accepting it as a legal tender, or most of the global countries accepting it.

[OcTA Bd]

Crypto currency market is down now but that doesn't mean that it will remain like this all the time. Bitcoin is the best crypto currency among all which had already proved it's ability. It is also the most oldest one. Now the price of Bitcoin is low that's around 7000$. We all know that crypto currency is flactuating one. The price always goes up and down.
Today the price is low but that doesn't mean  that the price will be low like this all the time. To me the price will rise again. It's just the Matter of time.
We all hope that the price of Bitcoin will astonish us all.

[Tipsters]

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

I think it is over bullish because the government will always make a bad move against the growth of bitcoin. My approximation is that it can only reac 30000 USD in the next 5 years because even though technology is quickly innovated, the economic status of other countries have few solutions for their own growth.

[Slow death]

Is the prediction over bullish in your opinion ?

I think this forecast is very exaggerated, when the price reached $ 18000, we hear many analysts saying: next year bitcoin will reach $ 40,000. These analysts speak as if it were something guaranteed. But who could have imagined that the price would fall to $ 6,000? no one! It is possible that many institutional investors enter the crypto market and this could cause the price to increase to $ 20,000 or $ 30,000, but something like over $ 90,000 is very exaggerated. We need to have adoption, we need to have many exchange like coinbase, we have to see many countries in the world adopting cryptos as they do with gold. That's what we need.

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

even $60,000 is still very difficult to achieve in just 5 years

[shouldbelieve]

Even the market is going down now but i think it will come back soon. And the prediction that bitcoin hit $96000 in the next 5 years will come true.

[Switchern]

impossible if the bitcoin price reaches $75.000because bitcoin is still in the biggest country. except bitcoin is the world currency That could be more than $ 75,000 in price.

[stownbridge]

I think the figure is close to the calculations. Based on the growth of capitalization from 110 billion to 10 trilions, it can be higher.

[LastHope99]

Even the market is going down now but i think it will come back soon. And the prediction that bitcoin hit $96000 in the next 5 years will come true.

I do believe $100 000 is possible under some circumstances, but it doesn't mean that me or you will be able to sell our btc for that price. If that huge spike happens, too many btc millionaires will appear, which is undesirable.

[MobyCrypt]

We are just playing to guess and the truth is that any prediction is not a prediction but a mere guess. According to "predictions" the value of Bitcoin in the future ranges from 0$ to 1 Million $, which equals to say that we have no clues.

[kawaihito]

Anything can happen in the future because we can not predict exactly. But with bitcoin, i think it can happen because i believe in bitcoin and its future.

[Suckerpunchman]

Even the market is going down now but i think it will come back soon. And the prediction that bitcoin hit $96000 in the next 5 years will come true.

I do believe $100 000 is possible under some circumstances, but it doesn't mean that me or you will be able to sell our btc for that price. If that huge spike happens, too many btc millionaires will appear, which is undesirable.

Could you elaborate ?

[Palo05]

Maybe its to big but if it will hits. All crypto Investor's will be rich but that predict is to much. We will just hope it will happen Anything is possible in crypto

[CrazeCoinz]

This is a speculative investment and those well-known holders of bitcoin will predict that the price will rise in the coming years to attract more buyers to join in crypto. It's just advertising and promoting bitcoin to other people as those who heard the prediction will try to buy and as a results this will create a bullish market. Hitting $96k in the next 5 years is a tough challenge for bitcoin as we had a bad market and this will reminds every investors of another trap.

[Olalomi]

Reading this kind of news will encourage bitcoin hodlers not to panic and this is an indication of a brighter future for hodling their coin but how realistic are these predictions? is is a gimmick to discourage panic selling? its good to be true predicting that bitcoin will hit $96K in the next 5 years if wishes comes true then its worth hodling btc for a long term.

[turagsoy123456]

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

I think this predictions can be true bitcoin price will hit to $96000 up in 5 years from now, because as the years goes by the popularity of bitcoin growth so fast and maybe that years... most of the country's are using bitcoin. And we all hopes that moments comes because it's give us a chance to achieve our dreams to becoming rich's.

[Dudeperfect]

Considering the current growth rate of the users, I believe that, Bitcoin will grow with an exponential growth rate in the coming 5-10 years from now. $96,000 is not impossible at all. Clarity from the legal aspect would give the required push to the actual usage of it.

[Parodium]

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.