In this article, we will present the best Bitcoin price predictions from well known or otherwise prominent cryptocurrency or internet industry leaders. While we include this article in our fundamental analysis blog, it does not offer pure analysis. Instead, we’re compiling the wisdom and price predictions of 10 experts who are, in one way or another, familiar with the industry. Our Bitcoin price predictions come from the following people:
|1||John McAfee||Founder, McAfee Anti-Virus Software||$1,000,000 (2020)|
|2||Sonny Singh||CCO, BitPay||$20,000|
|CEO, Binance||$300,000 (2019?)|
|4||Sam Doctor & Tom Lee||Analyst, Fundsrat||$36,000|
|5||Arthur Hayes||CEO, BitMEX||$10,000|
|6||Ronnie Moas||Analyst & Founder, Standpoint Research||$28,000|
|CEO, Pantera Capital||$67,500|
|8||Fran Sranjar||CEO, Brave New Coin||$200,000|
|9||Bobby Lee||Co-Founder, BTC China||$333,000 (2020)|
1. John McAfee, McAfee Anti-Virus Software Founder
John McAfee is best known as the creator of McAfee antivirus software. The tech entrepreneur and developer has had some very talked about opinions on cryptocurrency and Bitcoin price predictions in particular. McAfee believes that Bitcoin will be worth $1,000,000 sometime before Dec. 31, 2020. He is careful to clarify however that the price may not be this on this exact date.
2. Sonny Singh, BitPay CCO
Sonny Singh has predicted that Bitcoin will be worth $15,000 to $20,000 by the end of 2019. The BitPay CCO made this statement in November 2018, in an interview with Bloomberg. Singh argues that mainstream financial sector giants like Fidelity and Intercontinental Exchange (ICE) will start to launch cryptocurrency products in 2019. Further, Singh talks about institutional investors and an upcoming launch of a crypto-based exchange-traded fund (ETF).
3. Changpeng Zhao, Binance CEO
Changpeng Zhao, the CEO of crypto trading platform and exchange Binance, predicted Bitcoin will reach $300,000 on his twitter account. His exact statement predicted highs and lows for the cryptocurrency: “$4k & 300k. There are tough days, and there are good days. We are always here.”
4. Sam Doctor & Tom Lee, Fundstrat Analysts
Sam Doctor and Tom Lee, ex-Chief Equity Strategist at JP Morgan, are Co-founders and analysts at Fundstrat. They have predicted that the Bitcoin price for 2019 at an interval $20,000-$64,000 with a target on $36,0000. They stated, in early 2019, that the fair value of Bitcoin is much higher than the current price. He believes the current fair value is somewhere between $13,800 and $14,800, and that this might increase and reach as high as $150,000 as soon as Bitcoin wallets account for seven percent of 4,5 billion Visa´s holders.
5. Arthur Hayes, BitMEX CEO
According to Arthur Hayes, the CEO of trading platform BitMEX, the Bitcoin price could reach $10,000. He stated this in a comprehensive post, summarizing his prediction in his belief that: “Green shoots will begin to appear in early Q4” 2019. He thinks this a psychological barrier to cross.
6. Ronnie Moas, Standpoint Research Founder & Analyst
Ronnie Moas, cryptocurrency analyst, reiterated his price prediction for Bitcoin as $28,000 on his Twitter. He also reminded investors: “Do not take a bet you can´t afford to lose”. But, don’t let this give you the wrong impression of his confidence. Even with this caveat, Moas also argues that he surrounds himself with the “brightest minds” and that they agree with his assessment.
7. Dan Morehead, Pantera Capital CEO
Pantera Capital is an investment firm and cryptocurrency hedge fund. Their $67,500 price prediction for Bitcoin came in a Medium post from mid-2018. The main reason they gave for this price was the launch of custodial solutions, and that institutional investors will catalyze the price increase of Bitcoin.
8. Fran Strajnar, Brave New Coin CEO
Fran Strajnar, the CEO of cryptocurrency research firm Brave New Coin, argues that the we can see $200,000 per Bitcoin by Q1 of 2020. The main reason he gives is that he sees an improving infrastructure. The adoption for Bitcoin, he thinks, will be the key, fundamental reason for its price growth.
9. Bobby Lee, BTC China Co-Founder
Bobby Lee is the CEO and Co-founder of the exchange BTCC. He thinks the Bitcoin might bottom out in 2019 around $2,500 and that the next rally will start again in late 2020, peaking in 2021. His prediction for the price high at this point was $333,000 per Bitcoin.
10. Brendan Blumer, Block.One CEO
Brendan Blumer, the CEO of Block.One draws a comparison with the gold market cap. He predicts the price of one Bitcoin could reach as high as $330,000 if the Bitcoin becomes the new safe investment – a kind of ‘digital gold’.
Bitcoin Price Predictions: Conclusion
In this summary of Bitcoin price predictions, we have seen a huge variety and range: from $10,000-$1,000,000. John McAfee´s controversial prediction of $1,000,000 is for late 2020. However, what we notice is that many of these industry leaders compare Bitcoin to gold and speculate whether or not Bitcoin could manage to replace gold as a new safe haven for investors. If Bitcoin marketcap value does indeed reach the gold marketcap value, one Bitcoin would be worth around $300,000. This is perhaps why we see most longterm predictions hovering around this figure.
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