Bitcoin will increase 20X in the next 5 years

[kentrolla]

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

Oh gosh isn't this too much? Hey guys predictions are common what I request is let it be atleast a descent predict these days it's going beyond the limit.

To be frank everyone are aware that the future is definitely bright but please these type of predictions to be avoided hype doesn't mean we can make fool. Let's come up with unique predictions rather than expecting too much.

[1714933071]

1714933071

[RealMalatesta]

I can't believe how awesome everything is going right now, I have tried to figure out why people have been doing this for so long, and I have tried to realize that maybe the big increase came from the big companies that bought it, but turns out there are people who are fine with whats going on as well and they got involved too, it is not just the big money that is buying bitcoin, this huge increase wasn't the construct of whales that kept buying and increasing their position, of course they played a role but turns out there are sooooo many regular people who bought as well and that caused the increase.

I am in a billion different telegram group and I have seen so many people buying bitcoin right now, they have spent the last week or so spending their money on bitcoin, this had to have an impact eventually and we are seeing the results of that.

[2double0]

Bitcoin has already done its part since it was brought to people, it is more than a million times its least price it was sold at. But these predictions are too higher for btc to reach as it will need immense parabolic move from btc and the sell pressure will be equally huge then. Till so many big institutions bet a very big part of their portfolio in btc, even 100k looks too far in the next 5 years. And it is already too big now that it will give a great competition to Gold in the near future.

[exstasie]

5 years is doable for me, I've anyway been psychologically prepared to wait at least that time before considering my position, dividing up what I have and inheritance and all that, but I will admit 100k will be difficult to ignore, seeing as that's more than a small fortune back home. Would wipe out all family debt, and that alone is something worth considering seriously. Life changing decision for sure but it would be a headache I'd love to have!

This does bring one thing to mind for me. Not only are those debts denominated in fiat money, but the way things are headed, debt forgiveness as a matter of government policy is becoming increasingly likely. For example, they are talking about wiping out up to $50K of student debt per person in the US: https://www.cnbc.com/2020/12/17/house-democrats-propose-forgiving-up-to-50000-in-student-debt.html

Imagine selling BTC to pay off your loans, then your neighbor get his loans forgiven by the government.

Once precedent like that is set, the prospect of consumer debt forgiveness stops seeming so crazy. Anything to keep the system from collapsing.....

[buwaytress]

This does bring one thing to mind for me. Not only are those debts denominated in fiat money, but the way things are headed, debt forgiveness as a matter of government policy is becoming increasingly likely. For example, they are talking about wiping out up to $50K of student debt per person in the US: https://www.cnbc.com/2020/12/17/house-democrats-propose-forgiving-up-to-50000-in-student-debt.html

Imagine selling BTC to pay off your loans, then your neighbor get his loans forgiven by the government.

Once precedent like that is set, the prospect of consumer debt forgiveness stops seeming so crazy. Anything to keep the system from collapsing.....

Concur on debt forgiveness. Unfortunately, that sort of progressive mindset -- possibly part of the Great Reset consideration -- isn't likely to extend to developing economies, at least, not in my lifetime. And that debt's preventing personal progress for a lot of people. Can't get loans, can't even travel, can't do anything but stay and eke out an existence. That's a burden I'd very much like to settle in my generation and not pass on.  But yeah, be a slap in the face to "do the right thing" and then everyone else gets a free pass. Like I said, can't wait to have that headache;)

[JimboToronto]

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.

You definitely know were in a bull market when we once again start to see useless denial of the inevitable highs of each bubble mega-rally.

It's probably one of the things I hate most (besides the flooding in of noobs and fudsters) when in a bull market.

Most long-term holders know that a mere 20x increase is quite conservative. Just look at what happened in 2010, 2011, twice in 2013 and 2017.

[thecodebear]

5 years is doable for me, I've anyway been psychologically prepared to wait at least that time before considering my position, dividing up what I have and inheritance and all that, but I will admit 100k will be difficult to ignore, seeing as that's more than a small fortune back home. Would wipe out all family debt, and that alone is something worth considering seriously. Life changing decision for sure but it would be a headache I'd love to have!

This does bring one thing to mind for me. Not only are those debts denominated in fiat money, but the way things are headed, debt forgiveness as a matter of government policy is becoming increasingly likely. For example, they are talking about wiping out up to $50K of student debt per person in the US: https://www.cnbc.com/2020/12/17/house-democrats-propose-forgiving-up-to-50000-in-student-debt.html

Imagine selling BTC to pay off your loans, then your neighbor get his loans forgiven by the government.

Once precedent like that is set, the prospect of consumer debt forgiveness stops seeming so crazy. Anything to keep the system from collapsing.....

That's an interesting point. I hate carrying debt. But as long as you can keep servicing the debt, it makes way more sense to put extra money toward Bitcoin which is gonna grow many times faster than debt...and then there's the possibility governments will start forgiving debt simply to keep a runaway system sputtering along.

[freedomgo]

Wow, so bullish, but I love that and I believe it's not impossible.

Imagine, getting a price of $500,000 5 years from now, that means I only have to save 2 btc in order to be a millionaire, it's my dream and I think I still have more time to do that as I believe bitcoin despite bullish now will dump when the correction starts.

[CapGelatik]

the beginning of Bitcoin, the price is still very cheap, only $ 1, and now the price is very extraordinary, yes $ 24k,
just imagine if you have Bitcoin that you bought at $ 1, of course you are now a very rich person, in essence, do not expect the assets that have gone up very high,
if you fail then you will feel pain, just buy in a good zone and sell in a good zone to.

[newwest]

Higher the price better it is, but how much top price bitcoin will be able to retain for long is the big question, as it should not happen that it touches a certain ATH and then just keep on collapsing like 2017 and then take years before to recover it. So a good stable rise is much better and continuous growth will just help to achieve the good price levels.

[rat03gopoh]

Higher the price better it is, but how much top price bitcoin will be able to retain for long is the big question, as it should not happen that it touches a certain ATH and then just keep on collapsing like 2017 and then take years before to recover it. So a good stable rise is much better and continuous growth will just help to achieve the good price levels.

You're right, and I don't think the rock-bottom bitcoin price (if dump happens) will go above $10k. With bitcoin rising very steady (with a few minor corrections) to its current point, that would put bitcoin firmly above $20k. Only great fundamental factors will cause a dump like 2018 and 2020.

[Phoenix_PROG]

It's very possible, gold won't stand a chance against bitcoin in near future but my advice is never plan to hold bitcoin for 5years because of predictions, within a whole year bitcoin always brings opportunity to his adopters, make sure you make use of the opportunity and earn more instead of locking btc away, there is power in buy low and selling high, btc is the perfect choice for this

[exstasie]

This does bring one thing to mind for me. Not only are those debts denominated in fiat money, but the way things are headed, debt forgiveness as a matter of government policy is becoming increasingly likely. For example, they are talking about wiping out up to $50K of student debt per person in the US: https://www.cnbc.com/2020/12/17/house-democrats-propose-forgiving-up-to-50000-in-student-debt.html

Imagine selling BTC to pay off your loans, then your neighbor get his loans forgiven by the government.

Once precedent like that is set, the prospect of consumer debt forgiveness stops seeming so crazy. Anything to keep the system from collapsing.....

That's an interesting point. I hate carrying debt. But as long as you can keep servicing the debt, it makes way more sense to put extra money toward Bitcoin which is gonna grow many times faster than debt...and then there's the possibility governments will start forgiving debt simply to keep a runaway system sputtering along.

Yep, I think they're pretty worried about a debt deflation collapse. This is a system that requires perpetual consumer growth, but wages have been stagnant for decades and consumer debts are sky high. Something has got to give. Forgiving student debt is just the tip of the iceberg.

Don't get me wrong, I love the idea of living debt free. It's something everyone should strive towards. But I also hate the idea of selling coins cheap (for any reason) when I know they'll be worth exponentially more someday. Just something to consider when timing out payment of one's debts.....

[NNRR]

Your opinion not bad. I also agree next 5 years bitcoin price 20x up possible.
Last 9 years ago 2011 bitcoin price only 1$. Today bitcoin today price $22700+. Almost 22000x up bitcoin price, so I believe next 5 years absolutely 20x up bitcoin price

[bitterguy28]

Your opinion not bad. I also agree next 5 years bitcoin price 20x up possible.
Last 9 years ago 2011 bitcoin price only 1$. Today bitcoin today price $22700+. Almost 22000x up bitcoin price, so I believe next 5 years absolutely 20x up bitcoin price

Well 1$ is far high from the 20k value.

Starting from 1 can make it a thousand ,but from thousand it will take more and more time to make Millions..

every single human can have 1 dollar to invest in bitcoin and keep it there,But not all Human has 20,000$ to risk ,or even no 20,000 till they Die .

and What is Bitcoin if the value is  400,000 ad more? what would be the true use,function of this? actually these speculation comes a reason why Bitcoin is not accepted by many governments because of they think Imposibolism is what inside this,I'm not saying this because i'm against Bitcoins increase ,bu t for me?i want to be fair and truthful .

[South Park]

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

Personally I try to not listen to people like that making those kind of predictions since it gives the wrong idea to a great deal of people, I think the price is going to be many times higher during the next 5 to 10 years but whatever the price it does not matter to me because I am going to be here invested in it, while many newbies look at numbers like that and invest in bitcoin and then as soon as the price begins to go down they think bitcoin is a scam and that it is never going to reach those levels.

[arwin100]

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

Personally I try to not listen to people like that making those kind of predictions since it gives the wrong idea to a great deal of people, I think the price is going to be many times higher during the next 5 to 10 years but whatever the price it does not matter to me because I am going to be here invested in it, while many newbies look at numbers like that and invest in bitcoin and then as soon as the price begins to go down they think bitcoin is a scam and that it is never going to reach those levels.

If you are investor you should not listen to them since this might cause you a lot of money if you get caught by the dump and get fucked up your entire capital that's why always listen to your personal thoughts and do an extra research before believing such words given. Although many newbies joining now but what good thing I see in my local groups in Facebook and others is they have mentors and they are now doing some short trades in guidance with those person who experience the past ATH upset before.

[Hamphser]

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

Personally I try to not listen to people like that making those kind of predictions since it gives the wrong idea to a great deal of people, I think the price is going to be many times higher during the next 5 to 10 years but whatever the price it does not matter to me because I am going to be here invested in it, while many newbies look at numbers like that and invest in bitcoin and then as soon as the price begins to go down they think bitcoin is a scam and that it is never going to reach those levels.

If you are investor you should not listen to them since this might cause you a lot of money if you get caught by the dump and get fucked up your entire capital that's why always listen to your personal thoughts and do an extra research before believing such words given. Although many newbies joining now but what good thing I see in my local groups in Facebook and others is they have mentors and they are now doing some short trades in guidance with those person who experience the past ATH upset before.

People should be aware with these kind of bullish calls because this would surely result into mistakes if you do buy on the peak and the price had dumped and would tend to have an another very long bearish market
just like on what happened on previous years in this market where almost 3 years we've been waiting for this moment for the market to recover specially with Bitcoin and if it happens you have bought on peak
price then you would be ending up on holding possibly for several years.The question is., do you have that kind of long patience for you not to panic sell?
20x in current price of bitcoin in 5 years is a bit too much or unrealistic at all.

[fullhdpixel]

In order for bitcoin to increase 20x we need to reach to a gold market cap level of increase. It is not impossible, being around 400k-450k is not really "impossible" for bitcoin. We are in a volatile market and increasing in price will continue to happen plus now there are corporations who are buying hundreds of millions of dollars worth of bitcoin that should increase the price a lot more than what the regular people like me could do, with their few hundred at most.

However it is also a lot less possible as well, there is really nothing we can do to change that because it all depends on the market, we are one part of the market but not a huge part, which means if the market sees bitcoin as good as gold, it could reach to that level, if the market doesn't see it worth that much it could still increase but maybe not that much. So, I would say it is not going to be guaranteed that we will be X price, it could be 5k it could be 500k and we just don't know it yet.

[MCobian]

I would love to come across a very positive topic about Bitcoin, despite the fact that no one can know the future. Moreover,
the next 5 years is quite a long time in my opinion, but seeing the current Bitcoin price, the price continues to rise. It makes
perfect sense to predict that in the next 5 years the Bitcoin price can rise by 20x, I hope that prediction will come true. So for
those of us who are planning to collect Bitcoin from now on, if we consistently continue to collect as much Bitcoin as we can.
So the next 5 years can be a rich person and have real financial freedom.