Who thinks Bitcoin will hit $250,000 by early 2023

[sendbit.io]

Tim Draper predicts bitcoin will hit $250k??
 
"That's my prediction. Sticking with it. I'm very confident that that is going to happen. That’s happening. It's kind of funny."

My prediction bitcoin will be around $25 - $30k by 2023 becuase there will be alot of certainty regarding the economy..


Luke FitzpatrickContributor
Crypto & Blockchain

Bitcoin, born from the Global Financial Crisis (GFC) of 2007-08, is now outperforming stocks and gold. With the bitcoin halving event scheduled to take place in 5 days, all eyes are heavily focussed on bitcoin, an asset that has only 21 million bitcoins in existence.

During the bitcoin halving, block rewards are cut in half from 12.5 to 6.25. To recoup the block reward reduction price loss, bitcoin miners postpone selling their bitcoins in order to sell them at a more profitable price several months, up to a year later.

In effect, supply is reduced on a month-by-month basis and each month after the halving, bitcoin becomes extra scarce. As a consequence, assuming that the demand stays the same, then the price of bitcoin will naturally increase each month. And, this is exactly what happened during the 2 previous bitcoin halvings.

First bitcoin halving: During 2012, the price of bitcoin increased from $11 to $1,000.
Second bitcoin halving: From 2016-17, the price ballooned from $700 to $20,000.
Third bitcoin halving: Scheduled on May 12, 2020 (the price impact is still yet to be seen).

After what we all seen the economy crashing oil price in the minus where does this leaves us??

[vycl87]

Tim Draper predicts bitcoin will hit $250k??
 
"That's my prediction. Sticking with it. I'm very confident that that is going to happen. That’s happening. It's kind of funny."

My prediction bitcoin will be around $25 - $30k by 2023 becuase there will be alot of certainty regarding the economy..


Luke FitzpatrickContributor
Crypto & Blockchain

Bitcoin, born from the Global Financial Crisis (GFC) of 2007-08, is now outperforming stocks and gold. With the bitcoin halving event scheduled to take place in 5 days, all eyes are heavily focussed on bitcoin, an asset that has only 21 million bitcoins in existence.

During the bitcoin halving, block rewards are cut in half from 12.5 to 6.25. To recoup the block reward reduction price loss, bitcoin miners postpone selling their bitcoins in order to sell them at a more profitable price several months, up to a year later.

In effect, supply is reduced on a month-by-month basis and each month after the halving, bitcoin becomes extra scarce. As a consequence, assuming that the demand stays the same, then the price of bitcoin will naturally increase each month. And, this is exactly what happened during the 2 previous bitcoin halvings.

First bitcoin halving: During 2012, the price of bitcoin increased from $11 to $1,000.
Second bitcoin halving: From 2016-17, the price ballooned from $700 to $20,000.
Third bitcoin halving: Scheduled on May 12, 2020 (the price impact is still yet to be seen).

After what we all seen the economy crashing oil price in the minus where does this leaves us??

As a result of the developments we have experienced to date, no one can say that BTC will never reach 250K. But when we think that the price of BTC is about 9K right now, we can say that the target is not easy. 3 years is a very long time and the future can always surprise us. I think the highest level BTC can reach is 100K. But what really excites me is what will happen to altcoins when they reach these levels.

[Charles-Tim]

We do not know what the price of bitcoin can be in the next three years, all I know is that the price will rise and fall, good traders take advantage of this. But, if I will have to predict, bitcoin can never increase more than $75000.

[ultrloa]

Tim Draper predicts bitcoin will hit $250k??

Are you still surprised for people predicted that the price of bitcoin will go to that? It's so easy to predict and anyone can drop figures but no one actually knows on what will happen in future and as a matter of fact many self proclaimed experts tells that we will go to something good price right now but look what happen? we are still struggling to reach the fifth figures so maybe for now just chill and don't listen to the fuds.

[Youghoor]

Tsk, tsk, tsk...no offence but that will be the wildest dream and prediction i have come across. I would not expect bitcoin to bubble up like what it did in 2017 but it can surely increase to about $30k maximum. $250K is insane and not something likely to happen so let's be realistic here.

[Sadlife]

I also believe that Bitcoin will hit new all time highs, heck they may laugh at $250k or $500k predictions but in the future they will surely realize that it's possible because there's no other asset that's scarce like Bitcoin. Yes there's gold but gold is hard to transact costly to mine and takes time to get delivered.

[Oceat]

The price predicted is ridiculous I don't know why they have to exaggerate their prediction like that. Personally, I am confident that Bitcoin will stay below $100k from one to three years since I believe the price correction will always flatten the curve if stretch too much. I just don't how these people did their prediction as if they do have some kind of calculator for everything that would give them a result like that. That's ridiculous!

[Jonyshake71]

There is no matter of wonder if that will really happened in future but in reality, personally i don't think so. But I'm sure that within 2023 the price of bitcoin will hit upto 40k$ because bitcoin already had hit 20k$ once in 2017 as you already told that. After 3years, technology will be so advanced and people will have increased using Crypto currency like bitcoin.

[CaVO32]

The price predicted is ridiculous I don't know why they have to exaggerate their prediction like that. Personally, I am confident that Bitcoin will stay below $100k from one to three years since I believe the price correction will always flatten the curve if stretch too much. I just don't how these people did their prediction as if they do have some kind of calculator for everything that would give them a result like that. That's ridiculous!

Just remember, it is only prediction so don't take it seriously. But for those newbies, don't believe whatever is being shown to you by those self-proclaimed experts. They are also ordinary individuals who are only basing their speculations on what they deemed may possibly happen. Crypto is a very volatile investment so no one can really exactly predict what may happen even few months from now. 2023 is a long journey for bitcoin and there will be a lot of things that will happen in that period. They can give their own predictions but don't let your life dictated by those predictions as you might end up regretting it.

[Eugenar]

There are always a lot of prediction about the price of the bitcoin for this incoming halving, $250k is such a big amount of money but it is also possible that bitcoin can reach that high but one thing for sure is that no one can really predict the accurate price of the bitcoin, do not surprise when someone on twitter posted about the price of the bitcoin for this bitcoin halving because it always happen, people tend to give their prediction as long as they want.

We do not know what the price of bitcoin can be in the next three years, all I know is that the price will rise and fall, good traders take advantage of this. But, if I will have to predict, bitcoin can never increase more than $75000.

Bitcoin is so unpredictable because it may go high and low, so no one can say the accurate price of it in the next bitcoin halving so always be careful with those traders and investors out there.

[Oasisman]

The price predicted is ridiculous I don't know why they have to exaggerate their prediction like that.

Simple, these people was trying to control the market sentiments. The more they are making bullish predictions, the more people are going to buy Bitcoin. So basically, they are really making such possibility. Any predictions has chance anyway, since cryptocurrency and Bitcoin are a very unpredictable asset.
The same goes to the bearish people who throws a lot of negative news about the prices, as they want to make a good entry point.
We, all have our own predictions and beliefs, it's all up to us wether we believe this people or believe on our own market analysis.

[qory]

We can't make bad news and ask many people to buy bitcoin because your prediction about bitcoin price too high, looking with bitcoin price still down in this year not have bigger chance for bitcoin could touch above $26k and look impossible how come bitcoin can up drastically and keep move on to higher.

[CryptopreneurBrainboss]

Tsk, tsk, tsk...no offence but that will be the wildest dream and prediction i have come across. I would not expect bitcoin to bubble up like what it did in 2017 but it can surely increase to about $30k maximum. $250K is insane and not something likely to happen so let's be realistic here.

In 2014 if someone who had told you bitcoin was going to be trading at $10,000 at some point who you had believed? Fast forward to 2016, if you were been told in just a year time, the price of bitcoin will be trading around or I'll touch the $20k price range  would you had also believed?. Bitcoin does the insane, those price/achievement you think are just insane to achieve is what bitcoin does. How many asset or commodity can boost of achieving a record gain of $1000 in a day in this economy crises, none.

With bitcoin, due to the finite supply, any trading price is achievable provided the demand for bitcoin keep increasing as we're experiencing. Although what I'm mostly concerned about is, bitcoin retaining any predicted price and not just touching the price to dump immediately. I'll prefer bitcoin trading at around $30-$50k without dumping below that price range than trading as high as $250k and dumping days after to record low prices.

[salamat700]

I am a firm believer and supporter of people who are continually so positive for Bitcoin and who would not, right? However, there are many realities existing today in the global cryptocurrency market that we have to face. In case, it can be possible that one day BTC can go even beyond $250,000, then we should be grateful for that, but we should also not also based our decisions on such a prediction because as long as we are humans we can be wrong!

[QueenVera]

Saying bitcoin will be trading at $250,000 in 2023 is not achievable but that doesn't mean it can't get to that trading price someday as it can but not in 2023, maybe it'll take another 10 to 20 years for it to achieve that milestone. Bitcoin is currently valued based on speculation that's why it becomes difficult for it to maintain any certain new price without dumping. For it to be trading at $250,000 it'll mean bitcoin has to gain an amazing 2500% plus pice increase which is just impossible in such a short period of time. We're no longer in the 2010's.

[rodskee]

Everyone of us Bitcoin supporters looking at that day to happen though
 we are not desperate to find that too early ,2023
 is 3 years from now and i think there will be a lot of things happening
 before that day so i will wait to Across the former
 Highest price of 20k instead of expecting that .we cannot even pass
 15000 and now huge amount of 250000 is the
topic?lol let us be realistic and don't push things that is impossible
to happen at our time now.

[Wexnident]

I dunno about its upper limit but BTC would surely exceed at least $50k price. We're pretty much seeing it at below $10k right now and that's already pretty huge imo. Imagine if the world started adopting it properly where people actually know about it's existence and are actively participating in it's usage. BTC price would just go upward suddenly by then. hopefully anw. It ain't bad to dream after all. Anyway, we don't really have any right to push down any predictions tbh. Predictions in themselves aren't really trustworthy hence the word predicts, but it's still free to do so. Besides, 3 years is a long time. BTC took what 6-7 years for it to  reach $18k from 0 right?

[The Cryptovator]

The prediction about $250K is really unrealistic prediction. We have seen lots of prediction came out from peoples including Jhon FakeFee. But eventually they become wrong. I am not saying it's not possible, but kinda unrealistic expectation. Since there is limited supply so we might say day by day bitcoin price would increase. On the other hand it would happen if we see mass adoption of bitcoin worldwide.

Prediction of @OP is quite reasonable I believe, this would happen on this normal trend since community expanding day by day. Price will raise when we might ensure bitcoin real use like buy products/goods and so on, hope it will happen very soon. However, we don't know what will happen on future exactly, so better to avoid unrealistic predictions.

[michellee]

We want to see bitcoin price can reach $250k by early 2023, but we don't know if that will happen in that year or not. While we still waiting for the next new ATH that can happen in this year or next year, we don't have to think much about that. We only need to watch over the price so if the price can increase step by step or jump to the higher price, and we can sell the bitcoin that we have. We need to pass $10k, $15k, $20k first so we can move to another ATH but we will see that will happens.

[Latviand]

There are always a lot of prediction about the price of the bitcoin for this incoming halving, $250k is such a big amount of money but it is also possible that bitcoin can reach that high but one thing for sure is that no one can really predict the accurate price of the bitcoin, do not surprise when someone on twitter posted about the price of the bitcoin for this bitcoin halving because it always happen, people tend to give their prediction as long as they want.

We do not know what the price of bitcoin can be in the next three years, all I know is that the price will rise and fall, good traders take advantage of this. But, if I will have to predict, bitcoin can never increase more than $75000.

Bitcoin is so unpredictable because it may go high and low, so no one can say the accurate price of it in the next bitcoin halving so always be careful with those traders and investors out there.

We should expect for more in bitcoin because most of us are hoping that bitcoin price will have some improvement due to this upcoming halving. Bitcoin is always volatile in the market that's why people are working hard to find some hints about its price. Predictions are essential but you should have basis for that to have a more precise precise outcomes, sometimes people are doing prediction about bitcoin's price with just pure guesses. For me, $250k is possible because volatility have no limit, it can reach all time high or all time low in just one snap in the market. Hopefully in 2023, people will engage more in cryptocurrency and increase mass adoption so that bitcoin's price will become reasonable high due to the number of volume in the market.