BitMEX founder projects $750,000 to $1 million #Bitcoin price by 2026

[Pierre 2]

I think his mind flexing is cool. Many gold investors also suggest there will be huge weakening at usd at one point because of increased amount in supply that was shown in inflation. So prices of things will raise a lot (they claim we are at delay period because interest rates are still very high). To be honest I think this can massive price increase in Bitcoin and I am thinking about somewhere around 250k in couple of years. But 1m dollar suggestions are too exeggarated.

[khiholangkang]

I think his mind flexing is cool. Many gold investors also suggest there will be huge weakening at usd at one point because of increased amount in supply that was shown in inflation. So prices of things will raise a lot (they claim we are at delay period because interest rates are still very high). To be honest I think this can massive price increase in Bitcoin and I am thinking about somewhere around 250k in couple of years. But 1m dollar suggestions are too exeggarated.

There are many people who predict prices with nominal values beyond normal thinking. If you look at the price of bitcoin today, of course for me who prioritizes rationality in bitcoin price movements, a price of $250k alone is something that is very difficult to achieve for bitcoin. Moreover, up to $1 million, that is a fantastic number, and we need to calculate how much money in bitcoin volume must be there to reach that price. I can't count on that.

The interesting thing is, we don't know what the future will be like and how bitcoin will move and gain massive adoption, while when looking at macroeconomics and today's political tensions it is very vulnerable to bitcoin movements, this needs to be a matter of attention and calculation material to predict price movements bitcoins.

[$crypto$]

It could be that October will be just a name.
Yes, but we'll see how the end of October goes, if it can break $28k and above that's good enough.
But there are high hopes for a more significant surge.

Not in the name of October but a few hours ago the bitcoin price rallied to $27.9K a few dollars away from breaking $28K I think it will be exceeded soon.

This is still in the middle of October I think the price breaking through the next resistance at $30,000 will be soon considering the current price is slightly stronger meaning that October will be even more "UP" considering this month is full of history with green gratification.

If the trend continues then it is likely that $30,000 will be broken soon.

[South Park]

I think his mind flexing is cool. Many gold investors also suggest there will be huge weakening at usd at one point because of increased amount in supply that was shown in inflation. So prices of things will raise a lot (they claim we are at delay period because interest rates are still very high). To be honest I think this can massive price increase in Bitcoin and I am thinking about somewhere around 250k in couple of years. But 1m dollar suggestions are too exeggarated.

There are many people who predict prices with nominal values beyond normal thinking. If you look at the price of bitcoin today, of course for me who prioritizes rationality in bitcoin price movements, a price of $250k alone is something that is very difficult to achieve for bitcoin. Moreover, up to $1 million, that is a fantastic number, and we need to calculate how much money in bitcoin volume must be there to reach that price. I can't count on that.

The interesting thing is, we don't know what the future will be like and how bitcoin will move and gain massive adoption, while when looking at macroeconomics and today's political tensions it is very vulnerable to bitcoin movements, this needs to be a matter of attention and calculation material to predict price movements bitcoins.

We must take those predictions for what they really are, which is just a way to attract attention to themselves, and this is something that is very common at social media, in which influencers in order to become noticed need to make higher and higher predictions, but the reality often falls short of those predictions and anyone that was dumb enough to think that such a strong bull market was coming and used leverage to increase their potential profits even further is going to lose everything once those kind of predictions are proven to be false.

[khiholangkang]

I think his mind flexing is cool. Many gold investors also suggest there will be huge weakening at usd at one point because of increased amount in supply that was shown in inflation. So prices of things will raise a lot (they claim we are at delay period because interest rates are still very high). To be honest I think this can massive price increase in Bitcoin and I am thinking about somewhere around 250k in couple of years. But 1m dollar suggestions are too exeggarated.

There are many people who predict prices with nominal values beyond normal thinking. If you look at the price of bitcoin today, of course for me who prioritizes rationality in bitcoin price movements, a price of $250k alone is something that is very difficult to achieve for bitcoin. Moreover, up to $1 million, that is a fantastic number, and we need to calculate how much money in bitcoin volume must be there to reach that price. I can't count on that.

The interesting thing is, we don't know what the future will be like and how bitcoin will move and gain massive adoption, while when looking at macroeconomics and today's political tensions it is very vulnerable to bitcoin movements, this needs to be a matter of attention and calculation material to predict price movements bitcoins.

We must take those predictions for what they really are, which is just a way to attract attention to themselves, and this is something that is very common at social media, in which influencers in order to become noticed need to make higher and higher predictions, but the reality often falls short of those predictions and anyone that was dumb enough to think that such a strong bull market was coming and used leverage to increase their potential profits even further is going to lose everything once those kind of predictions are proven to be false.

Varied predictive patterns make it easy for people to believe in the expectations of the speculators, attracting many people to make purchases for no apparent reason and only rely on the mirage of an abstract analyst in his research.

Yes we may accept their predictions but do not make the results of their analysis and predictions as our reference to determine our investment plan, because it will be very dangerous for risk management that we should have its own options in targeting the point of investment in investing.

[dansus021]

First of all, I always see the predictor is from the crypto industry or related to the business like Michael Saylor or the BitMex founder who theoretically owns the Bitmex. Is there any people outside crypto industry that predict bitcoin price? Just want to know.

Our last All Time High is at $69K let's say $70K to reach $750K it need at least 11x times from the previous ATH which is super massive and I think for now the near number probably still at 100K to 150K

[taufik123]

-snip-
If the trend continues then it is likely that $30,000 will be broken soon.

The trend continues and finally now the $30k resistance has been officially broken and reached a high of $35k yesterday.
This is a sign of a bullish start for Bitcoin and we will look forward to the next leg up.


https://coinmarketcap.com/currencies/bitcoin/

First of all, I always see the predictor is from the crypto industry or related to the business like Michael Saylor or the BitMex founder who theoretically owns the Bitmex. Is there any people outside crypto industry that predict bitcoin price? Just want to know.

People outside of crypto?
Maybe those who don't support crypto and always corner crypto.

You can probably read about Jim Cramer who said "Mr. Bitcoin Is About to Go Down Big".
But in reality, it just reversed and Bitcoin is bullish.
It was a reversal prediction, if Jim Cramer said down then it would go up.
https://www.coindesk.com/markets/2023/10/11/mr-bitcoin-is-about-to-go-down-big-jim-cramer-expects-lower-prices/

Our last All Time High is at $69K let's say $70K to reach $750K it need at least 11x times from the previous ATH which is super massive and I think for now the near number probably still at 100K to 150K

A reasonable number right now is indeed $100k++, I'm targeting that for the nearest one and it's still quite reasonable for now.
But for the long term, anything goes.

[South Park]

First of all, I always see the predictor is from the crypto industry or related to the business like Michael Saylor or the BitMex founder who theoretically owns the Bitmex. Is there any people outside crypto industry that predict bitcoin price? Just want to know.

Our last All Time High is at $69K let's say $70K to reach $750K it need at least 11x times from the previous ATH which is super massive and I think for now the near number probably still at 100K to 150K

That is probably the range where the next all time high may happen, however this is a rational approach to the whole thing, I say this because if an ETF was approved during the halving then the jump in the price we could see will be spectacular, and this could generate a massive amount of hype and make the price of bitcoin to grow at an impressive speed, and while that would be nice for speculators, I think there are many people that are hoping for the price of bitcoin to become less volatile and they may not like to see such an abrupt growth.