Topic: [2017-10-19] Future Bitcoin Price $25k is Conservative Estimate: Tommy Lee (Read 270 times)

Consensus proved nothing as the price didn't spike during the week long event. Although I really like how Lee is influencing the market with his bullish prediction. Every time he has a chance to talk, he always forecasted this and that price and we should not be surprised because he is a holder just like Mike N.

But most of the time is really tiring to see and listen to them because we all know that they all have vested interest that's why they keep this positive sentiments however, if you are into crypto longer at the back of your mind 2018 is very different and getting to 5 digits is already a milestone. Conservative estimates should be put around $15K, in my opinion.

Yep, predicted $25k as being conservative, we barely hit $20k instead.

He predicted that Consensus would move the price up, all coins went down 20% since and not suprising because all the indicators pointed at the prices going down, which happened.

So tired of those overly positive predictors, we should be lucky if we ever hit $20k again, ain't gonna happen this year (2018) for sure.

it seems that bitcoin has become a very good reason for anyone to become famous or call attention to all news channels, everything that someone should do is press the magic button "make a prediction". Now seriously, where's the $25.000 forecast coming from? we are not even in the $20.000 and already have those who dream of $25.000? these guys need to moderate

In August there were so many people swearing that shitcoin BCH was worth $5 and today shitcoin BCH is worth more than $300. has survived so far, does not take much to the serious prediction of many people

Coming up with such predictions at current point is not interesting, and mostly based purely on the growth that the market has experienced this year. Long term holders were confident in the market to reach such levels at some point anyway, even when the market hasn't even hit the $100 level back in the days. Bitcoin's potential is massive, like it has always been, and if you understand that, then regardless of the current market price, you'll enter at any cost to be part of this revolution. I am currently at a point that I am not even cashing out any of my coins to fiat anymore.

Serial strategist Tommy Lee has added to finance experts predicting sky-high Bitcoin prices of $25,000 or more.

In an interview with Business Insider, Lee, who is already known for his bullish stance on Bitcoin versus Wall Street, repeated common speculation that capturing the power of gold is key.

Five percent of gold’s market cap, his research suggests, would give rise to a “conservative” estimate of $25,000 per coin.

Five percent rule too conservative

“It's a very — it's actually the most conservative collection of elements to get to the five percent. Because number one, we assume that gold only appreciates essentially a nominal GDP. So there's no inflation,” he told host Sarah Silverstein.

The five percent figure has frequently surfaced from sources throughout the cryptocurrency industry. Lee, however, thinks the potential for considerably higher prices is “easy.”

“The five percent number really reflects the assumption that investors will allocate in their blended portfolio only five percent to alternative currencies,” he continued.

    “Today, that allocation is much greater, it's closer to 10 percent or 15 percent in some portfolios. So, at a five percent allocation it would value Bitcoin at $25,000. You could easily get to $100,000, $200,000 numbers.”

Bitcoin prices have retraced slightly this week after a new surge that saw the virtual currency almost hit $6000 for the first time.

In the short term through mid-2018, Lee is comparatively conservative himself, predicting the $6000 mark to remain a ceiling until then.

“...When people talk about Bitcoin’s volatility today, they're forgetting that when we went off the dollar — the gold standard on the dollar, gold’s volatility for four years was about the same as Bitcoin’s volatility today,” he concluded.

https://cointelegraph.com/news/future-bitcoin-price-25k-is-conservative-estimate-tommy-lee