What year will Bitcoin reach $250,000?

[soxxx]

This post from 2013 inspired me to make this poll.

https://bitcointalk.org/index.php?topic=328685.0

[1714515507]

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[1714515507]

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[figmentofmyass]

my wild guess in 2021.

in terms of fractals, the current chart looks like early 2016 to me. that suggests the next bubble top is 1.5-2 years away, and i think $250k is very possible in the next cycle.

[bitbunnny]

It surprised me that you didn't put the question if but when. What makes you so sure that Bitcoin will reach 250000$?
Having in mind volatility and all factors that influence the price and market it's very hard to tell how the price will develope long term and to my opinion this is exaggerated value.

[gantez]

That year is very close for $250,000. We are just below the $10,000 and I'm wondering the kind of volatility that will lead to that. The volatility of 2017 if doubled is just going to give us close to $40,000 and the difference is still clear 

[Wilhelm]

Next bull period.
This period ath will be Aug 2020.
Add 4 years and a bit.
2025

[Duzter]

My guess is 2028 or above year, because by that time the bitcoin network would have undergone three halving as well there will be very big level of adoption. The proof for the same is the increase in userbase and adoption taking place between years. By that time, the demand will be compromised with the increase in value to the lowest denomination of bitcoin which could take the price reach $250000.

[rdluffy]

Even I, an optmistic person and passionate about cryptos, don't know IF, but it's good to see you asking "when" 

Serious, I don't know if BTC will reach 250k USD, even in an insane pump I think we have a lot of steps to do, and we barely touched 20k the last ATH, and this year we are in a solid 10k, so let's take easy and do a step by step

[exstasie]

This post from 2013 inspired me to make this poll.

https://bitcointalk.org/index.php?topic=328685.0

It's hard to know what shape Bitcoin's long term trajectory will take. A lot of people are assuming it's limited to the current logarithmic curve so they're conservatively thinking mid to late 2020s. That's possible. It's also possible the current log curve is just the beginning of a larger S-curve. So I give you 2 guesses:

If it's a logarithmic curve: 2025
If it's an S-curve: 2021

[gentlemand]

My willy wants me to write 2029, but in the cold light of day a just over 10x rise in 10 years seems silly.

It's either silly because expecting to get there at all is an outrageous presumption, or it's silly because if it is to happen it's hard to believe it'll take anywhere near that long.

An ever increasing amount of money and awareness meeting a supply that's fixed held by a large number of believers only has one likely trajectory.

[1Referee]

Realistically speaking, I would prefer a 'slower' road to that price in order for it to be more sustainable. The quicker we touch it, the weaker the support is and more likely that we'll be brutally rejected as usual. Bitcoin's issue hasn't ever been reaching certain high figures, maintaining them has always been its weakest point.

If I had to state a time frame, then >2030. That will allow me to accumulate as many satoshis as possible, then if we hit that price, diversification is what I will be focusing on.

[soxxx]

It surprised me that you didn't put the question if but when. What makes you so sure that Bitcoin will reach 250000$?
Having in mind volatility and all factors that influence the price and market it's very hard to tell how the price will develope long term and to my opinion this is exaggerated value.

I added the option of never.

[BitHodler]

What makes you so sure that Bitcoin will reach 250000$?
Having in mind volatility and all factors that influence the price and market it's very hard to tell how the price will develope long term and to my opinion this is exaggerated value.

I tend to agree. Too many people here are stuck in their moon boy bubble and ignore very realistic (but not so pretty) bearish scenarios long term speaking. Probably too much to ask for here.

I am very open to the idea of Bitcoin never reaching $250k, or at least, not without the more dominant fiat currencies around the world losing so much of their value that Bitcoin is being helped out in that way to increase.

I consider $100k a 50/50 shot. In order to speculate about anything above the $100k mark I want to see this price be hit first, otherwise what's the point of this speculation? If you can't hit $100k then you obviously won't hit $250k.

[hatshepsut93]

It's not likely to hit that mark during this bull market. So, my bet would be on the next bull market, but there's also an always-present possibility that the pattern will break, and we'll have longer cycles or the growth rate will slow down. So, if I wanted to be safe, I'd say 2032, but if I wanted to make a more yolo prediction, I would go for 2024. Think about it, Bitcoin demonstrated amazing growth in the bast that surpassed expectations of most people, but where's any guarantee that it will continue?

[rdluffy]

What makes you so sure that Bitcoin will reach 250000$?
Having in mind volatility and all factors that influence the price and market it's very hard to tell how the price will develope long term and to my opinion this is exaggerated value.

I tend to agree. Too many people here are stuck in their moon boy bubble and ignore very realistic (but not so pretty) bearish scenarios long term speaking. Probably too much to ask for here.

I am very open to the idea of Bitcoin never reaching $250k, or at least, not without the more dominant fiat currencies around the world losing so much of their value that Bitcoin is being helped out in that way to increase.

I consider $100k a 50/50 shot. In order to speculate about anything above the $100k mark I want to see this price be hit first, otherwise what's the point of this speculation? If you can't hit $100k then you obviously won't hit $250k.

Some time ago people was betting on 1 million, half million, 100k usd
Now they are more realistic and we all know it's not so easy, we are struggling to reach 20k usd again, it's a hige amount of money necessary to reach such levels, people need to realize this

[jaocoincrypto18]

I think it will never happen except if Bitcoin will be used globally and freely as a world currency. I don't believe it will reach that much because if Bitcoin will become more expensive to purchase then it will become more difficult to purchase too as investment. We all knows majority of the investors are small time in which they might shift to much affordable investment and lesser risk.

[DeathAngel]

Something like 2025 I think, the current phase will top in 2031 at about $100,000, I think. You then get the likely correction & a long wait until after the 2024 halving until significant upwards again so I think something like 2025.

[Lucius]

I think it will be at that moment when SEC approve first Bitcoin ETF, just because this is something that can pump price x25 from today value. If we take in consideration that SEC has been refusing such requests for years, it will probably be like that for several years.

For me personally, the year in which this could happen is 2022/23, for reason some smart people say that (Tim Draper), and this is not a man who speaks nonsense. But I would be very happy if 4-5 years from now price reach only half of that amount, $100k is something that is the ultimate goal for most.

Another possibility is that we will have to wait for such large numbers at least 10+ years, when almost 99% of all Bitcoins will be mined, and that demand then will be very high.

[exstasie]

My willy wants me to write 2029, but in the cold light of day a just over 10x rise in 10 years seems silly.

It's either silly because expecting to get there at all is an outrageous presumption, or it's silly because if it is to happen it's hard to believe it'll take anywhere near that long.

An ever increasing amount of money and awareness meeting a supply that's fixed held by a large number of believers only has one likely trajectory.

It's a very binary proposition indeed.

As the trajectory becomes more and more obvious (perhaps in the next bubble cycle), I think the market will start front-running the pattern, sending it vertical. Markets aren't generous; they don't give you a million chances to get in. That's why I don't think we'll be waiting anywhere near as long as a decade. I think Draper's "$250,000 by 2023" call will be proven right.

[Herbert2020]

it is really impossible to tell not just because of the usual thing people say about speculation but because $250k in my opinion is a bit higher than the price i think we will see in next bull run which means it may or may not happen during next bull run and if it didn't then it will happen in the bull run after it.

so my guess is that in 2020 and beginning of 2021 we will see a new ATH and it will be somewhere above $100k this time but like 2017 where we saw the rise from $900 to $20000 it is not possible to know how big the bubble is going to be. so it could even get to $250k. but if it doesn't then it would take the next bull run in probably 2023-24 to get there.

[gentlemand]

Markets aren't generous; they don't give you a million chances to get in.

I reckon that's a key point.

Most people are 100% locked into what they think should happen and what they think they deserve rather than what WILL happen.

No one and nothing else gives a shit what they think or feel. It'll run right over them without a flicker of regard.