Bitcoin could reach $100,000 in 2020: Ross Ulbricht

[TheAndy500]

Everybody can predict the price and someone will succeed. However, I would not take seriously the words of a person who has been in prison for several years and even if it once meant a lot to the development of Bitcoin, now, unfortunately, he has nothing to do with it.

[1714863844]

1714863844

[1714863844]

1714863844

[1714863844]

1714863844

[passwordnow]

Historically saying, $100,000 is plausible. People from 2011 to 2016 didn't even thought that bitcoin will hit $20,000 on 2017.

This is somewhat true, there was a time i never thought that the price of bitcoin will not hold a price above a thousand dollars rather i thought we would see uneven rallies for a long time but things have changed drastically and the 2017 rally was expected but i never thought it will rise to the levels we saw, so the market is always unpredictable, i am expecting all these valuations but not anytime soon.

You seem to be an early adopter of bitcoin. And that's the reality and mindset of everyone way back then and we can think of the same thing as we have right now. We're all thinking that it's unlikely to happen but comparing to the past pattern and charts of bitcoin, there really is a chance that it will happen. I'm holding onto that hope and a single bitcoin is already enough but if you want more, you can hold as many as you want until that day comes.

[BTCGOLD]

His words seem to have chance become true. Other experts also have similar theories:

https://cointelegraph.com/news/bitcoin-can-hit-50k-in-2020-very-easily-nexo-ceo-tells-bloomberg

If, according to an expert, the price easily reaches $50k in 2020, then the level of $100k is also in range.

[Shinpako09]

His words seem to have chance become true. Other experts also have similar theories:

https://cointelegraph.com/news/bitcoin-can-hit-50k-in-2020-very-easily-nexo-ceo-tells-bloomberg

If, according to an expert, the price easily reaches $50k in 2020, then the level of $100k is also in range.

Of course there's a chance for it, same with others prediction but the percentage of it is very low. I don't take others theory seriously even if they are called expert, expert or not, both of their theory isn't guaranteed especially those unrealistic predictions. Look at 2019, many of their theories has failed. That is just one example that no one can give an accurate prediction. So don't always believe in what you read even how many experts back up a one prediction.

[akmal1984]

the 100k usd figure is too big I think seeing the current price of bitcoin which is still around $ 7500. I don't think bitcoin will touch 50k usd by 2020 either. Now the market is different. I used to believe just a little push, the price will immediately go up. But now people are smarter in anticipating price movements

[TWW]

His words seem to have chance become true. Other experts also have similar theories:

https://cointelegraph.com/news/bitcoin-can-hit-50k-in-2020-very-easily-nexo-ceo-tells-bloomberg

If, according to an expert, the price easily reaches $50k in 2020, then the level of $100k is also in range.

Of course there's a chance for it, same with others prediction but the percentage of it is very low. I don't take others theory seriously even if they are called expert, expert or not, both of their theory isn't guaranteed especially those unrealistic predictions. Look at 2019, many of their theories has failed. That is just one example that no one can give an accurate prediction. So don't always believe in what you read even how many experts back up a one prediction.

they only make their predictions based on speculation. although based on analysis but the market provides a different reality. then what about predictions over the past year that have mostly failed? do they come up with new predictions and new theories that will say this year will be the pinnacle of bitcoin? if it doesn't happen all this year they will say it next year. and continue like that.

[TheAndy500]

the 100k usd figure is too big I think seeing the current price of bitcoin which is still around $ 7500. I don't think bitcoin will touch 50k usd by 2020 either. Now the market is different. I used to believe just a little push, the price will immediately go up. But now people are smarter in anticipating price movements

People are smarter but they are same greedy as always. At the beginning of 2017, it never occurred to anyone that in a few months the price would rise from $1k to $20k, so 20x. Now we have $7.5k, it is possible that the price is not able to grow 20x, but 10xin my opinion is possible, so $ 75k is in the range.

[Pelunize12]

I'll be happy if bitcoin will rise up to $10k again. There's do much of predictions from the past months that btc will go up but the opposite happened. Maybe we need more adaptors, investors, more crypto enthusiasts so btc value will go up.

If just $ 10,000 , I think it is very easy to reach. just matter of time
we have to be patient until its time comes. Never understimate how crazy Bitcoin is

Last bull run, we never expected Bitcoin would reach $ 19,000. But the market did opposite, many hype made Bitcoin reached it
I think the history would repeat again in the future, just believe it!

[Landak]

the 100k usd figure is too big I think seeing the current price of bitcoin which is still around $ 7500. I don't think bitcoin will touch 50k usd by 2020 either. Now the market is different. I used to believe just a little push, the price will immediately go up. But now people are smarter in anticipating price movements

People are smarter but they are same greedy as always. At the beginning of 2017, it never occurred to anyone that in a few months the price would rise from $1k to $20k, so 20x. Now we have $7.5k, it is possible that the price is not able to grow 20x, but 10xin my opinion is possible, so $ 75k is in the range.

Today's people prefer to speculate and expect things that don't necessarily happen, and expectations like this have been happening since 2017 when bitcoin reached ATH. without any encouragement from the big whales I feel that the rise in the price of bitcoin or in the crypto market will be difficult to achieve, the community may be big but without the existence of "big whales" the community will not have a big impact on prices in the market.
nowdays, it is true that many people are greedy but these "big whales" actually like toying with the hopes and expectations of these greedy people. they broke everything and this greedy person is frustrated. and in fact there are some people who have felt frustrated with the conditions in these 2 years.
My prediction bitcoin this year will only reach the highest price at 30k usd, even this I still doubt.

[leetcoiner]

I'd love to see Bitcoin's price of $100,000 this year, but unfortunately, it's not likely that Bitcoin will grow that much this year.

[Omega Weapon]

Even with good adoption rate globally, I still doubt Bitcoin will reach $100,000 in 2020. Let us wake up and realize that 2020 will start in a few days from now. And after only 12 months, 2021 will follow. Bitcoin is at $7,000 right now. $100,000 is $93,000 to go. "Could reach" is unlimited. Bitcoin could also reach $500,000 next year but it just will not.

It is obvious that we are not going to reach that price during this year, if anything I will consider a great success for bitcoin if it reached once again its all time high and instead of crashing the price remained relatively stable, we need to see bitcoin reaching that all time high again so investors understand that it was not the result of a bubble that it will never repeat itself again and the best way for bitcoin to do exactly that is to reach the ATH again.

remember that Bitcoin ever got pump more than 3x in 28 days, it happened from $ 6,000 to $ 13,000
it shows us that Bitcoin is very thin air, Bitcoin can be pump in short time
so, we just have to wait until its time, and we will see another crazy value from Bitcoin

although $ 100,000 is crazy value, but based on the history, I am still optimism it would.

You have a point but that is not what I want to see, everyone wants to see the price of bitcoin reaching incredible levels and while it is obvious I am not going to complain if that happened since I will get incredible profits what I want the most out of bitcoin is that it reaches that ATH again but that it does not crash as it did back then, this will send the message to all investors around the world that this market is not a bubble and interestingly enough that could give us a chance to reach 100k in the future.

[gielbier]

Besides Ross Ulbricht said that bitcoin will touch the price of 100k$ or 50k$ this year I think many people have predicted it, I can only hope that the prediction is correct after bitcoin halving occurs and wait bullrun.

[jarhed]

It's not too much to believe that Bitcoin can reach $100k, not just this year, but even in the next couple of years Bitcoin is unlikely to grow so much.

[restuibu]

he is a criminal by having a few cases and you still believe in the bullshit he said if bitcoin will reach the price of $ 100,000 in 2020 price of bitcoin reaches $ 20 000 as before in my opinion it's already very good
don't need to dream too high

[sniveling]

he is a criminal by having a few cases and you still believe in the bullshit he said if bitcoin will reach the price of $ 100,000 in 2020 price of bitcoin reaches $ 20 000 as before in my opinion it's already very good
don't need to dream too high

There are so many people who specifically talk about crypto to add to their popularity, you do not need to believe such people, you need to believe only yourself.

[olumyd]

Ross Ulbricht, the originator of the dark web marketplace Silk Road, has anticipated that Bitcoin could reach $100,000 in 2020.

Ross Ulbricht is an American convict who created and ran the darknet marketplace Silk Road from 2011 to his capture in 2013. In February 2015, he was indicted for tax evasion, PC hacking, selling in bogus personality reports, and endeavoring to exchange drugs by means of the web.

Source: TheCoinRepublic

I still think it's illogical to speculate the price of bitcoin reaching 100k I can suggest 20-30k, and that would be stretching it. But a major factor to determine the price will be this year's halving, and some analysts are of the opinion that the forthcoming halving event has been priced in already and there may not be so much increase in the typical long-awaited bull run.

[Omega Weapon]

To be honest, nobody really knows what might happen in the bitcoin price, or we should really think about it when we're just investors. It's just too hard to predict the price and even experts can't identify what might happen. From now on, I think we should continue to focus on looking for something other than bitcoin to invest in. But if what Ross says is going to happen, it will be really big.

While on the surface it may seem to be a good idea to look for something else to invest other than in bitcoin at the same time I do not see a reason to do so, why I am going to invest in stocks or in traditional markets when bitcoin in average moves faster than those markets, and it doesn't make sense to invest in altcoins either because even if those coins can move faster than bitcoin the long term trend of those coins has been going down for years.

[TheJuice]

That number sounds a little bit too high. If I had to guess, I would say somewhere in the $20-30,000 range sometime next year. While $100,000 would be great, I think that prediction is a little too outrageous. It's going to take more than 10x the money coming into the market for that to even be an option. I just don't see that happening in a years time.

Don't underestimate the impact when the halving reducing selling pressure. We could easily rise to 20k before that and set it up for a nice run after.

[Henrytrust]

I've heard predictions like this, long time ago. In fact, in the year 2017, I was one of those who believed that Bitcoin could increase to above $100,000, that was what necessitated my buying at a very high price. I won't be fooled again, the value of Bitcoin could increase to any extent, I'll stick to my budget.

[pealr12]

As long as bitcoin wont reach 30k before halving ,$100k is only a dream. These predictions is somehow the reason why bitcoin cant touck $15k. So many predictions that is why crypto people dont know what to do,they dont know who to believe in.