Bitcoin will increase 20X in the next 5 years

[digifinex.official]

Dan Tapiero, co-founder of Gold Bullion International believes that it’s only a matter of time before Bitcoin
’s price surges into the six-figure threshold.

“In the next five years, I can see gold at $4,000, so that’s double. But if gold is at $4,000, Bitcoin is probably somewhere between $300,000 and $500,000, so that’s a 20, 30x.”

https://cointelegraph.com/news/no-debate-that-bitcoin-will-increase-20x-says-gold-industry-insider

[Oshosondy]

Even if bitcoin has not grown to $300000 in the next five years, it is very constant that its price over five years will surpass gold price. People are moving more towards bitcoin investing and trading. With how bitcoin is growing and getting more adoption, I predict bitcoin to worth $1 trillion to $2 trillion in marketcap which can not make the price up to $300000 but over $100000.

[mk4]

You definitely know were in a bull market when we once again start to see these useless bitcoin price predictions. It's probably one of the things I hate most(besides the flooding in of scammers and hackers) when in a bull market.

[NeuroticFish]

The first "ATH" I've experienced^* was around 1200$ at the end of 2013.
The following crypto winter made it fall 6x, to 200$ levels.

2017 started with 1000$ price and the new ATH was almost 20k (20x growth)

The new crypto winter got us to some 3100$ (6.5x fall)

Now we are back to almost 20k again and since we, humans, just love to find patterns, we obviously expect a new 20x (ish) ATH, hence 400k.
Of course, although people say that history repeats itself, it doesn't do everything in the same way (and doesn't repeat itself when we want it to), so... we'll have to wait and see.


* That ATH made me get into crypto, so I don't know much more than the price tag.

[Vaskiy]

Stable $20k increase isn't happening with bitcoin. The growth happens for some time period and then it stays within specific price range. Once again the market moves in the upward or downward direction. This is the growth pattern of bitcoin. As per the growth that has happened over the years I find the market to go bullish on every year of halving or by the following year. Based on the calculation in the next five years time we can expect assured $20k+ growth.

[CODE200]

You definitely know were in a bull market when we once again start to see these useless bitcoin price predictions. It's probably one of the things I hate most(besides the flooding in of scammers and hackers) when in a bull market.

The misconception still exist in this industry. Everytime we are seeing an increase, many people are just making absurd speculations as if the market price is consistently increasing, in a sense that they disregard the nature of volatility in this market. Also, by practically seeing this thing;a currency having a value of more than $100k. It is just unrealistic in all aspects. It is more likely to see a price correction rather than a market value higher than any investments.

[Upgrade00]

Reading through the article,  Dan Tapiero uses a couple of 'No debate' and 'no question' to give their take on what the price would be in the coming years. Seems like he is very certain of his prediction or is attempting to create a bull trap for newbies by dropping an imaginary figure that is sure to attract news outlets and gain lots of interaction.

Can bitcoin go 20× from its current position some time in the future? Very possible.
Is it possible to determine this distant time in the future when such price levels could be reached? Not really.

Stable $20k increase isn't happening with bitcoin. The growth happens for some time period and then it stays within specific price range. Once again the market moves in the upward or downward direction. This is the growth pattern of bitcoin.

Considering the current market, price increase of $1000+ in a day, is no longer as surprising as it would have been a couple of years ago, cause the market has evolved and accommodates more cash flow. In the future, $10k+ increase daily may not be surprising.

[yoyo20016]

we'll be back on this thread in 5 years and see,i think that in 5 years btc will pass the 200k usd.

[Rodeo02]

5 years later it is still a mystery, of course we cannot predict it easily,
20x or even get a severe dump, for sure you have to really have a good strategy to deal with it happening.

Actually it will not if the market is strong enough to stay on that price. I mean not like the same bubble we have in 2017 , if it's slowly increasing like what happen to BTC way back 2015 to now if the same patterns continue then it's possible that we can expect x20 or more, It's only depend on how adoption will increase in the next more years we have in Bitcoin market. But most of the professional analysis see it that way they are predicting almost the same. Which it will be 100-300k in 5 years time.

we'll be back on this thread in 5 years and see,i think that in 5 years btc will pass the 200k usd.

Better that way we still have more yeas to count.

[tranthidung]

“In the next five years, I can see gold at $4,000, so that’s double. But if gold is at $4,000, Bitcoin is probably somewhere between $300,000 and $500,000, so that’s a 20, 30x.”

https://cointelegraph.com/news/no-debate-that-bitcoin-will-increase-20x-says-gold-industry-insider

Gold is gold, bitcoin is bitcoin and the value of bitcoin is higher than gold. There is no convincing reason to compare gold and bitcoin or use gold to predict price of bitcoin.

I hate to say this but it is. If the history repeats what it usually has done in previous era of bitcoin, bitcoin will have about 20-fold increases after the halving in May. Remember 20-fold increase from the all time high (in 2017) not from the price in May 2020. Bitcoin is officially in its next bull run and despite of some pull backs, retests and shake-outs along the way, bitcoin is bullish.

Once again, one more low quality article is seeding on cointelegraph.

[concept2]

Sound attractive to me 

Although im not a daydreamer, how bitcoin performs last 5 years have given me a lot of hope. I have talked too many rich people in my country and they are looking foward to invest their money in this asset

Charts and patterns are likely to support bitcoin. Moreover, younger people want to invest their money in bitcoin instead of gold because of the innovation and higher reward

[ampu]

Right now bitcoin will undoubtedly go up in price and surpass its ATH at 20k3 but it will take time to know when Bitcoin will rise. To say that Bitcoin will reach 5 times its current value is unfounded and I would consider this a subjective prediction by you.
As for the price of gold, it will not increase to 4,000 $ because there is currently no strong stimulus package or the economic situation shows signs of going down again for gold to be held by organizations and countries buy in more.

[DeathAngel]

I think we’ll see 10 x the current price before the end of 2021. 5 years away from now is 1 year after the 2024 halving so 20 x the current price in 5 years is definitely possible. Bitcoin is the internet of the mid 90’s, buy what you can afford to now.

[CAPT.DEADPOOL]

It is not known how much bitcoin will raise next year or in the coming years but if citybank's prediction is true that before the end of 2021 the price of a bitcoin will be $ 300,000 it is better to save bitcoin and just hold it for many years many bitcoin holders will be rich when the price of bitcoin comes true next.

[leoagro]

Why do these predictions seem more ridiculous every time?

[Vishnu.Reang]

Why do these predictions seem more ridiculous every time?

No. Now the predictions are making more sense. If you want a really ridiculous prediction, then you can refer to the one made by John McAfee. He claimed that the exchange rates would hit $1 million by the end of 2020. But recent predictions by various individuals have been made after careful studies. One of them is the prediction made by Tom Fitzpatrick of CitiBank, who claim that Bitcoin prices can potentially climb to $318,000 per coin by December 2021. The one made by Dan Tapiero also makes a lot of sense.

[wxa7115]

Dan Tapiero, co-founder of Gold Bullion International believes that it’s only a matter of time before Bitcoin
’s price surges into the six-figure threshold.

“In the next five years, I can see gold at $4,000, so that’s double. But if gold is at $4,000, Bitcoin is probably somewhere between $300,000 and $500,000, so that’s a 20, 30x.”

https://cointelegraph.com/news/no-debate-that-bitcoin-will-increase-20x-says-gold-industry-insider

That seems to me as an increase in the price of bitcoin that is too sharp, so what exactly does he means by that, does he believe that is a stable price bitcoin can reach or does this means we will go through one of the biggest bubbles on record once again and then the price will crash? If it is the latter then I could see the price reaching a very high price during the next decade but being unable to maintain it and going to a more stable price.

But if it is the former then the price increase will have to be even more impressive than the 300k that he is predicting and I think such price will require a crash on the dollar as it seems to soon to me for bitcoin to reach such a high price.

[cosmofly]

You definitely know were in a bull market when we once again start to see these useless bitcoin price predictions. It's probably one of the things I hate most(besides the flooding in of scammers and hackers) when in a bull market.

This is also the issue that I always remind the new members here. All of them mistakenly believe that financial experts are divine and they are right in all their statements.
But they do not know that the words of the financial experts above are derived from the purpose of wanting to sell off many Bitcoins at high prices after the crowd shill like them. All of them are old wolves trying to lure sheep into its trap.

[KTChampions]

It is very easy to make such forecasts (and I did not see any serious justification for this forecast), because if the forecast turns out to be unsuccessful, then no one will remember about it. But if the forecast is successful, then its author will be able to say: I foresaw this! 

[HabBear]

Tapiero believes that institutional investors and finance whales are likely to invest between 5% and 15% of their portfolios in Bitcoin

Ok, and that amount is presumably through the Grayscale Trust. What keeps the Grayscale trust from diluting their investment to bitcoin for that fund? Nothing. So there is not a direct causal relationship between institutional investors investing in GBTC and GBTC buying more bitcoin. And the actual buying of bitcoin (not GBTC) is the only requirement that will influence the bitcoin price.

Simplistic take? Perhaps, but prove me wrong.

Here's a link to GBTC's 2019 Annual Report. No where in there, that i've found yet, do they mention when or how they acquire bitcoin. It's a long document, so if you find it come back here and point us to it. Incidentally, the document does a good job describing the bitcoin market, mining, forks, etc.

I just question how much institutional investing will have on the price of bitcoin if they aren't directly buying over the blockchain. I think opportunities like GBTC do more to reduce supply - as Grayscale buys and holds bitcoin to cover it's funds assets - rather than directly driving demand.