Bitcoin will reach $100k within 5 years from now

[Herbert2020]

$100K will be possible if Bitcoin will be commonly used around the world for direct spending but if Bitcoin will just depend only on pure investment then it will be impossible to hit that figure because the more Bitcoin become more expensive then the more it will become difficult to purchase by the small time investors which are majority in the crypto community. 

that's for $1 million and more price levels that we need that kind of mass adoption that you have in mind. otherwise for such low prices such as $100k per coin we only need a small adoption heading towards moderate one. it will be the continuation of the rise that we had so far and it will most probably be reached by the end of 2020 as the halving hype also helps fuel the next rally.

[Abiky]

It's going to get harder to reach new highs the larger this market becomes, so it wouldn't surprise me if we at one point have a period of 5-10 years between bottoms and highs, similar to how boom and bust cycles work in legacy markets.

I don't think that we're at that stage yet, but after breaking $20k and making higher highs, the process of bottoming out afterwards will be painful and slow, where a new all time high (if ever) will also take a very long time.

Completely agree with you, mate. It's becoming harder for Bitcoin to get past its latest ATHs after a long-standing bear market. Right now, it has declined considerably in price going from nearly $10k to just $8.3K in a matter of days. We only have a few months before the end of the year, and looking at the current market trend for Bitcoin, it seems that it might take a little longer before it gets past $20K. After Bitcoin crosses the goal of $20k per coin, then I would expect for it to continue a positive uptrend in price for at least a couple of months later. Everything will be the same as 2017, where prices kept rising towards new ATHs in price.

Perhaps, 5 years may be a short estimate for Bitcoin reaching $100k after all. That's because price movement is rather slow, than we've ever thought. We need something that would increase demand for Bitcoin within the mainstream world. I believe that the Lightning Network will help with this, but without proper marketing/promotion, everything will be the same as it is right now. Mainstream crypto companies like Coinbase and Binance, would need to adopt the Lightning Network at a large scale in order to attract people into it. Only then, demand for Bitcoin will rise at an unprecedented rate like never before. In the meantime, while prices are still low, it would be best to buy as much Bitcoin as you can with your Fiat currency of choice before it's too late. I have a feeling that this opportunity will not last for long as institutional investors come into play within the not-so-distant future. All in all, we should be prepared for the next bull market which could happen anytime. Just my thoughts

[Silberman]

With an ever-growing user base, as well as, development and innovation, Bitcoin is heading towards new heights within the mainstream world. We've already got the Lightning Network in the works, atomic swaps are on the way, privacy solutions have already started taking place (with CoinJoin wallets like Wasabi and Samourai), and ETFs are on the verge of being approved soon. With all of these exciting events, there's no reason why Bitcoin shouldn't rise in price in the first place. I believe that it's very undervalued right now, but with greater demand from institutional investors, prices could hit the roof.

If Bitcoin continues its pace, it could very well reach a price of $100k per coin within 5 years from now. Even if it takes a little longer than that, Bitcoin might still reach that price because of its deflationary design. With everything in place to become a successful cryptocurrency, I'm sure that demand will rise over time.

What's your opinion? 

I have no doubts that we will eventually reach that price, what I do not know is if it is going to happen during that time frame, but at least to me that is not important because I'm willing to hold my coins for as long as I need to in order to get the results I want, but that doesn't mean that bitcoin cannot surprise us and reach that price during the next five years, if you had asked me at the beginning of 2017 if bitcoin will reach a price close to 20,000 dollars I would have said no and yet it happened.

[J1mb0]

Everything is possible in the cryptocurrency market. We have seen Bitcoin reach $ 20k in 2017, 5 years is a very long time so it is possible for Bitcoin to reach $ 100k. Perhaps at that time a lot of people on this forum would become millionaires

[barota]

Everything is possible in the cryptocurrency market. We have seen Bitcoin reach $ 20k in 2017, 5 years is a very long time so it is possible for Bitcoin to reach $ 100k. Perhaps at that time a lot of people on this forum would become millionaires

I agree with you
5 years is a long time , where lot of changement can touch bitcoin (positive effect) like acceptance of ETF
in 2017 bitcoin rise 20k and no one was expect reach those prices
with level 100k  same thing can happend 

[Abiky]

Everything is possible in the cryptocurrency market. We have seen Bitcoin reach $ 20k in 2017, 5 years is a very long time so it is possible for Bitcoin to reach $ 100k. Perhaps at that time a lot of people on this forum would become millionaires

Agree. So many things could happen within a time-frame of 5 years from now. After all, the Blockchain industry improves exceptionally fast over time. In 5 years, it's hoped that Bitcoin's Lightning Network is ready for mainstream use delivering instant, and cheap micropayments worldwide. This will create a level of demand that's never before seen since 2017. People will buy Bitcoin in mass, as it'll become an extremely versatile cryptocurrency in the future. A target of $100k per coin would be largely possible within a couple of years from now. Even many experts have predicted that Bitcoin will reach $1m soon. Everything will depend on the level of demand among people in the mainstream world for sure.

Nonetheless, with enough patience and dedication, early adopters (like you and me) could obtain greater benefits within the future. On the other hand, newcomers into crypto might sell their Bitcoin during the bear market. Once Bitcoin's prices get past $20k, then I'm sure that people will gain the sentiment of "FOMO" once more. The target of $100k seems more closer to us than we've thought. Just my opinion

[bitcoinposts]

Bitcoin potential is yet to see new high they are many price predictions in the market like 30000 dollars and 100000 dollars probably we may see new alltime high in the coming future

[crzy]

Bitcoin potential is yet to see new high they are many price predictions in the market like 30000 dollars and 100000 dollars probably we may see new alltime high in the coming future

But the sudden drop right now makes people doubt about the future price of bitcoin and they are still panicking because the price can still go lower than expected. We see the pump before and its hard to achieve new ATH if bitcoin continues to behave like this. We can reach higher price maybe in the next 10 years of bitcoin or more but let’s hope for a big pump soon.

[CarnagexD]

It is totally possible that after 5 years bitcoin reach 100,000$. Even bitcoin is very volatile there is a chance that bitcoin reach that price and as you can see some professionals predict that after this year the price of bitcoin might pump up to 1,000,000$. Maybe we should hold our bitcoin and wait for 5 years and let's if bitcoin truly hit the price of 100,000$.

[Abiky]

It is totally possible that after 5 years bitcoin reach 100,000$. Even bitcoin is very volatile there is a chance that bitcoin reach that price and as you can see some professionals predict that after this year the price of bitcoin might pump up to 1,000,000$. Maybe we should hold our bitcoin and wait for 5 years and let's if bitcoin truly hit the price of 100,000$.

No one knows what exactly will happen with Bitcoin's price within a few years from now. Even experts have seen their predictions fooled by wild fluctuations in price. While this is true, it's evident that Bitcoin will become valuable over time because of its deflationary model. As it tends to become scarcer every 4 years, demand will rise across the crypto market. We just have to be patient in order to obtain good results over the long term. Being desperate for money will only make matters worse.

As for the $100k goal, I believe that it could easily become a reality within 5 years from now. Considering that Blockchain advances at a fast pace, 5 years is a lot of time for Bitcoin to improve into a scalable cryptocurrency for the masses. With scalability, comes massive demand as people will be using Bitcoin just as they would with an ordinary Fiat currency. It's hoped that the Lightning Network would bring a massive boost in Bitcoin's adoption within the not-so-distant future. Right now, prices are fluctuating between the $7.5k - $9.6k goal probably because of market manipulation by whales. Once the real bull market begins, you could expect Bitcoin to reach a slightly higher price than $20k (2017's ATH) paving the way towards $100k in a matter of months.

Nonetheless, time will tell us whenever Bitcoin will truly be able to soar in price or not. ETFs and futures may prevent Bitcoin's price from increasing any higher in the long term (due to shorting). As long as institutional investors come into play, we'll be able to see money pouring into the pioneer cryptocurrency within the upcoming years. Just my opinion

[drachman]

My opinion for this condition, it's hard for that span of years to see Bitcoin reaching that price. That was too expensive for everybody, and yet 5 years is too short before the developed market established a good marketing approach. Long term for $100k might take 10 to 15 years before we see this projection comes to reality.

We do not really know what it is going to happen, while now we accept as fact that bitcoin came close to the price of 20k back then you would be hard pressed to find too many people that predicted the price of bitcoin could grow to those levels that fast, even the current prices are incredibly high to me, so 100k in 5 years is not outside the realm of possibilities but I admit that it will not be as easy as some may think but even if that happened in 10 or 15 years that is fine with me since I prefer to hold my coins anyway.

[qwertyup23]

<snip....>

What's your opinion? 

Well it is indeed possible but giving a time-frame of only five (5) years? I doubt that reaching that kind of price will happen in that given time-frame. I would say that once the remaining bitcoins left are mined-out completely, then we can expect a significant boost on its price as well as the transaction fees increasing.

People have been speculating about the price of bitcoin reaching considerable large amounts but we must always consider factors that affect its price before reaching to this kind of conclusion.

My opinion for this condition, it's hard for that span of years to see Bitcoin reaching that price. That was too expensive for everybody, and yet 5 years is too short before the developed market established a good marketing approach. Long term for $100k might take 10 to 15 years before we see this projection comes to reality.

We do not really know what it is going to happen, while now we accept as fact that bitcoin came close to the price of 20k back then you would be hard pressed to find too many people that predicted the price of bitcoin could grow to those levels that fast, even the current prices are incredibly high to me, so 100k in 5 years is not outside the realm of possibilities but I admit that it will not be as easy as some may think but even if that happened in 10 or 15 years that is fine with me since I prefer to hold my coins anyway.

When its price reached $20,000, almost all people lost their pants and started impulsively purchasing bitcoins then its price dropped suddenly. I can only see reaching this kind of price when its total supply are mined-out completely.

[YOSHIE]

it could very well reach a price of $100k per coin within 5 years from now.

I don't imagine that Bitcoin for the next five years will be able to break through at the level of $ 100k.

Maybe if this happens, I'm sure 80% of people in this world experience the most devastating shocks in their souls, such as the Atomic Bomb that fell on Nagasaki, Japan, the World War II.

However, let's look at Bitcoin to the base price, the lowest of all time: $ 65.53 on (05 Jul 2013), and the highest price: $ 20,089.00 on (17 Dec 2017).

The two examples above can also be time bombs that will occur against the price of Bitcoin to come, or vice versa.

[pooya87]

it could very well reach a price of $100k per coin within 5 years from now.

I don't imagine that Bitcoin for the next five years will be able to break through at the level of $ 100k.

$100k is not really as big as you may think. it just looks big because right now we are used to 4 and 5 digits numbers for the price otherwise to go from $10k to $100k is just a 10x rise. in 2017 alone we had a >20x price rise. so it is not really surprising to see a smaller version of that rise within a year instead of 5! and i believe that will easily happen in the next bubble which will probably start near the end of 2020 (the bubble that is the end not the rise itself).

[bitzizzix]

Nothing is impossible in this world if God wants it to happen, it will definitely happen.
and that is just a prediction that is not necessarily true and if it is true we also do not know what economic or technological progress is like and other progress in the next few years so there will be returns such as expensive economic needs or other reasons that make everyone feel difficult and bitcoin play a role in that problem.
let bitcoin move as it is and what we all expect is that bitcoin continues to increase to reach the highest price.

[cryptoangel]

Nothing is impossible in this world if God wants it to happen, it will definitely happen.
and that is just a prediction that is not necessarily true and if it is true we also do not know what economic or technological progress is like and other progress in the next few years so there will be returns such as expensive economic needs or other reasons that make everyone feel difficult and bitcoin play a role in that problem.
let bitcoin move as it is and what we all expect is that bitcoin continues to increase to reach the highest price.

In crypto economy is not defined by God, so we don't think like that. But top millionaires are support Bitcoin it will going to moon shortly, In this world both positive and negative will happen so we will buy right know it will grow future. Because next five years anything will happen so active traders are never thing the 5 years results.

[beerlover]

I feel like 5 years is good enough time for $100k, I just checked and the halving is just 190 days away however the next halving after that looks like will be in 2024, so I don't know if it will be enough or not but eventually in 5 years it means 2 halving on top of this price which would be already at least 40-50 thousand dollars easily, if there are any hypes and improvements etc on top of that $100k looks possible.

I would say by 2024 or so having a $50k+ price would be so realistic that I would be super pissed if it is not happening, however if it is going to happen then I would totally see it as what it should be and not getting lucky about the price, like back in 2017 when we were at $20k I saw it as shocking and unexpected, $50k by 2024 sounds like what it should be.

[wajik-tempe]

I feel like 5 years is good enough time for $100k, I just checked and the halving is just 190 days away however the next halving after that looks like will be in 2024, so I don't know if it will be enough or not but eventually in 5 years it means 2 halving on top of this price which would be already at least 40-50 thousand dollars easily, if there are any hypes and improvements etc on top of that $100k looks possible.

I would say by 2024 or so having a $50k+ price would be so realistic that I would be super pissed if it is not happening, however if it is going to happen then I would totally see it as what it should be and not getting lucky about the price, like back in 2017 when we were at $20k I saw it as shocking and unexpected, $50k by 2024 sounds like what it should be.

Bitcoin needs a big blow up from the big medias like CNN or AT&T to spread the positive ways to the people, so new investors will look at the cryptocurrecy world as a promising investment.
People are not investing in bitcoins right now because bitcoin is always linked to crime, ransomware, scams and other negative things. People should see the many positive things from bitcoin so it can hook new investors and i'm sure reaching 100k in 5 years is an easy work for bitcoin

[jhonjhon]

The five years time is to short and I just think we will be able to reach the 100k price in just 5 years, look at what we are now, it's been 10 years that bitcoin existed but we hardly even step on the $20,000 mark, i'm not trying to be as negative as it can be but even if we consider all the factors affecting the price $100k is just too far to reach, I would go with $50k perhaps but $100k, I doubt it.

[Capt00]

The five years time is to short and I just think we will be able to reach the 100k price in just 5 years, look at what we are now, it's been 10 years that bitcoin existed but we hardly even step on the $20,000 mark, i'm not trying to be as negative as it can be but even if we consider all the factors affecting the price $100k is just too far to reach, I would go with $50k perhaps but $100k, I doubt it.

What you say is true that bitcoin existed for 10 years now but we have not reached $20,000 yet but bitcoin is way popular that it is before which means that a lot is becoming interested in bitcoin unlike when it first started. Also, the supply is almost to it's limit, only a few hundred thousands left to mine and if all coins will be mined then the supply will be scarce and once supply is scare the price tend to go higher so the $100k price in 5 years is possible. The most important lesson I learned from investing in bitcoin is that, nothing is impossible with bitcoin.