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Predicting the price of Bitcoin accurately has proven to be a difficult task. Still, the difficulty of divining the future doesn’t stop people from continuing to make predictions about Bitcoin’s price.
In this article, I’ll share with you 6 price predictions for Bitcoin in 2020, all made by notable figures in the crypto space. Bitcoin Price Prediction Summary Bitcoin is said to be worth anywhere from $14,000 to $1,000,000 by industry experts such as Tom Lee, Vinny Lingham and John McAfee.
There are so many cryptocurrencies that people do not tend to pay much attention to. Investing in these cryptocurrencies would bring about maximum profits and also would bring less worries in the fluctuations of their prices as they have really stable prices. Cryptocurrencies like ripple,monero,dash,binance coin,bitcoin cash,bitcoin sv, litecoin,ethereum and so many more can be invested on the platform (www . forex #spam .io) where you get from 25% to 100% ROI on whatever is invested and also you can invest in cloud mining.
Keep in mind that price predictions are guesses at best, and certainly shouldn’t be taken as financial advice.
1. Tom Lee’s Bitcoin Price Prediction ($14,000) The co-founder of the investment strategy company, “Fundstrat Global Advisors,” Tom has become a well-recognized figure in the bitcoin community. He sets forth a relatively conservative prediction for Bitcoin’s price in 2020. Having made some wrong price calls in the past, Tom is definitely not making a firm prediction and staking his reputation on it. Rather, he takes a measured approach. In a CNBC interview conducted in April of 2018, Tom had this to say: “I think you’re seeing signs that fundamentals are improving, technicals are improving, and now there’s real activity by, essentially, crypto hodlers. […] So I think […] a 2.5 standard deviation move for bitcoin would take it to $14,000. I’m not saying that’s where it’s going to go, but that’s the magnitude of move that would be a catch-up.” Tom isn’t shooting for the moon. He merely expects 2020 to be the year when Bitcoin regains some of its former value, in preparation for a bigger increase in the years to come. Overall, Tom expects relatively stable (for Bitcoin) price action as, in his estimate, crypto winter has ended.
2. Ronnie Moas ($28,000) vs. Vinny Lingham (under $28,000) According to a press release from the recent “World Crypto Con” conference, Ronnie and Vinny are two people with very different opinions of where Bitcoin price is headed in 2020. Both of them put their money where their mouth is by making a $20,000 bet, live on-stage at the conference, on where the price of Bitcoin will be 2020. The loser must donate the stated amount to the Ross Ulbricht — First-time, Nonviolent Offender charity, dedicated to freeing the former Silk Road operator, Ross Ulbricht, from prison. The bet was made on November 2nd, 2018 and will be decided at the start of 2020. In order for Ronnie Moas to win the bet, the Bitcoin price must reach or exceed $28,000 by the end of this year. Anything less than $28k and Vinny will win. There is also concrete evidence that the bet really happened, so the loser won’t be able to back down without losing face. I looked around the internet and I found the video produced by the conference.
3. John McAfee’s Bitcoin Price Prediction ($1,000,000) The charismatic, obscene, and explicitly anti-establishment technologist, John McAfee, made his own famous prediction as to where Bitcoin’s price will go in 2020. According to a news article and his Twitter posts, McAfee expects that Bitcoin’s price will inevitably reach one million Dollars, which would put Bitcoin’s market cap around $18,000,000,000,000 or $18 trillion. John expects this figure to be reached by the end of 2020 and he seems pretty confident about it. In November of 2017, he doubled down on his $500,000 call for the same timeframe, raising it to a cool million. McAfee also issued an extreme and shocking public wager related to his prediction. In the event that his prediction doesn’t pan out, he’s said he’ll eat one of his own body parts. I’m not going to get into any more detail than that, but if you’re familiar with McAfee’s antics you can probably guess. There’s a handy website with a countdown and further details on McAfee’s crazy bet.
4. Fran Strajnar’s Bitcoin Price Prediction ($200,000) Fran Strajnar is the CEO of a cryptocurrency research organization called Brave New Coin, which you may have encountered. He gave a Bitcoin 2020 price prediction in May of 2018 in an article published by Inverse. In his discussion with the publisher, Fran explains that his expectation for Bitcoin’s price by 2020 is that it will reach $200,000 per Bitcoin. He said: “The adoption rates are continuing to be quite steady, and adoption rates heavily correlate to the price, so therefore, unless for some reason people just simply stop continuing to adopt Bitcoin, we should see $200,000 per Bitcoin by 1st January 2020 at the latest. Hashrates, number of wallets, apps, dapps … all that infrastructure is just steadily increasing, so adoption is most definitely happening and a lot easier to quantify, so we’re fairly confident with the fundamentals of Bitcoin, and we’re questioning a lot of the fundamentals of the [initial coin offerings].” It’s pretty clear he was right about the ICO bubble bursting as well, so that lends a bit more credibility to his prediction.
5. Ivan on Tech’s Bitcoin Price Prediction (“stable”) Similarly to Tom Lee’s call, Ivan on Tech is keeping it low key. If you haven’t heard of him, Ivan is a social media influencer, blockchain educator, and general crypto personality. He expressed his expectations for Bitcoin’s price in 2020 in a video recorded in February 2019. Ivan’s prediction is that not a lot will change in the next few years when it comes to crypto prices. “There are a couple of boring years ahead of us,” he says in the video. So, Ivan foresees a future of relative stability. His reasoning is that most of the people still working in cryptocurrency after the grueling crypto winter are more interested in technology than price speculation. Ivan reasons that only the true believers remain, the fake money chasers having departed for easier profits elsewhere.
In this article, I’ll share with you 6 price predictions for Bitcoin in 2020, all made by notable figures in the crypto space. Bitcoin Price Prediction Summary Bitcoin is said to be worth anywhere from $14,000 to $1,000,000 by industry experts such as Tom Lee, Vinny Lingham and John McAfee.
There are so many cryptocurrencies that people do not tend to pay much attention to. Investing in these cryptocurrencies would bring about maximum profits and also would bring less worries in the fluctuations of their prices as they have really stable prices. Cryptocurrencies like ripple,monero,dash,binance coin,bitcoin cash,bitcoin sv, litecoin,ethereum and so many more can be invested on the platform (www . forex #spam .io) where you get from 25% to 100% ROI on whatever is invested and also you can invest in cloud mining.
Keep in mind that price predictions are guesses at best, and certainly shouldn’t be taken as financial advice.
1. Tom Lee’s Bitcoin Price Prediction ($14,000) The co-founder of the investment strategy company, “Fundstrat Global Advisors,” Tom has become a well-recognized figure in the bitcoin community. He sets forth a relatively conservative prediction for Bitcoin’s price in 2020. Having made some wrong price calls in the past, Tom is definitely not making a firm prediction and staking his reputation on it. Rather, he takes a measured approach. In a CNBC interview conducted in April of 2018, Tom had this to say: “I think you’re seeing signs that fundamentals are improving, technicals are improving, and now there’s real activity by, essentially, crypto hodlers. […] So I think […] a 2.5 standard deviation move for bitcoin would take it to $14,000. I’m not saying that’s where it’s going to go, but that’s the magnitude of move that would be a catch-up.” Tom isn’t shooting for the moon. He merely expects 2020 to be the year when Bitcoin regains some of its former value, in preparation for a bigger increase in the years to come. Overall, Tom expects relatively stable (for Bitcoin) price action as, in his estimate, crypto winter has ended.
2. Ronnie Moas ($28,000) vs. Vinny Lingham (under $28,000) According to a press release from the recent “World Crypto Con” conference, Ronnie and Vinny are two people with very different opinions of where Bitcoin price is headed in 2020. Both of them put their money where their mouth is by making a $20,000 bet, live on-stage at the conference, on where the price of Bitcoin will be 2020. The loser must donate the stated amount to the Ross Ulbricht — First-time, Nonviolent Offender charity, dedicated to freeing the former Silk Road operator, Ross Ulbricht, from prison. The bet was made on November 2nd, 2018 and will be decided at the start of 2020. In order for Ronnie Moas to win the bet, the Bitcoin price must reach or exceed $28,000 by the end of this year. Anything less than $28k and Vinny will win. There is also concrete evidence that the bet really happened, so the loser won’t be able to back down without losing face. I looked around the internet and I found the video produced by the conference.
3. John McAfee’s Bitcoin Price Prediction ($1,000,000) The charismatic, obscene, and explicitly anti-establishment technologist, John McAfee, made his own famous prediction as to where Bitcoin’s price will go in 2020. According to a news article and his Twitter posts, McAfee expects that Bitcoin’s price will inevitably reach one million Dollars, which would put Bitcoin’s market cap around $18,000,000,000,000 or $18 trillion. John expects this figure to be reached by the end of 2020 and he seems pretty confident about it. In November of 2017, he doubled down on his $500,000 call for the same timeframe, raising it to a cool million. McAfee also issued an extreme and shocking public wager related to his prediction. In the event that his prediction doesn’t pan out, he’s said he’ll eat one of his own body parts. I’m not going to get into any more detail than that, but if you’re familiar with McAfee’s antics you can probably guess. There’s a handy website with a countdown and further details on McAfee’s crazy bet.
4. Fran Strajnar’s Bitcoin Price Prediction ($200,000) Fran Strajnar is the CEO of a cryptocurrency research organization called Brave New Coin, which you may have encountered. He gave a Bitcoin 2020 price prediction in May of 2018 in an article published by Inverse. In his discussion with the publisher, Fran explains that his expectation for Bitcoin’s price by 2020 is that it will reach $200,000 per Bitcoin. He said: “The adoption rates are continuing to be quite steady, and adoption rates heavily correlate to the price, so therefore, unless for some reason people just simply stop continuing to adopt Bitcoin, we should see $200,000 per Bitcoin by 1st January 2020 at the latest. Hashrates, number of wallets, apps, dapps … all that infrastructure is just steadily increasing, so adoption is most definitely happening and a lot easier to quantify, so we’re fairly confident with the fundamentals of Bitcoin, and we’re questioning a lot of the fundamentals of the [initial coin offerings].” It’s pretty clear he was right about the ICO bubble bursting as well, so that lends a bit more credibility to his prediction.
5. Ivan on Tech’s Bitcoin Price Prediction (“stable”) Similarly to Tom Lee’s call, Ivan on Tech is keeping it low key. If you haven’t heard of him, Ivan is a social media influencer, blockchain educator, and general crypto personality. He expressed his expectations for Bitcoin’s price in 2020 in a video recorded in February 2019. Ivan’s prediction is that not a lot will change in the next few years when it comes to crypto prices. “There are a couple of boring years ahead of us,” he says in the video. So, Ivan foresees a future of relative stability. His reasoning is that most of the people still working in cryptocurrency after the grueling crypto winter are more interested in technology than price speculation. Ivan reasons that only the true believers remain, the fake money chasers having departed for easier profits elsewhere.