Topic: Bitcoin prices predicted to hit $96000 in the next 5 years - page 2. (Read 327 times)
We are just playing to guess and the truth is that any prediction is not a prediction but a mere guess. According to "predictions" the value of Bitcoin in the future ranges from 0$ to 1 Million $, which equals to say that we have no clues.
Even the market is going down now but i think it will come back soon. And the prediction that bitcoin hit $96000 in the next 5 years will come true.
I do believe $100 000 is possible under some circumstances, but it doesn't mean that me or you will be able to sell our btc for that price. If that huge spike happens, too many btc millionaires will appear, which is undesirable.
I think the figure is close to the calculations. Based on the growth of capitalization from 110 billion to 10 trilions, it can be higher.
impossible if the bitcoin price reaches $75.000because bitcoin is still in the biggest country. except bitcoin is the world currency That could be more than $ 75,000 in price.
Even the market is going down now but i think it will come back soon. And the prediction that bitcoin hit $96000 in the next 5 years will come true.
Is the prediction over bullish in your opinion ?
I think this forecast is very exaggerated, when the price reached $ 18000, we hear many analysts saying: next year bitcoin will reach $ 40,000. These analysts speak as if it were something guaranteed. But who could have imagined that the price would fall to $ 6,000? no one! It is possible that many institutional investors enter the crypto market and this could cause the price to increase to $ 20,000 or $ 30,000, but something like over $ 90,000 is very exaggerated. We need to have adoption, we need to have many exchange like coinbase, we have to see many countries in the world adopting cryptos as they do with gold. That's what we need.
I wouldn't be so optimistic. I think bitcoin will reach $ 60,000 in five years. 96 000$ it sounds too good for bitcoin) IMHO
even $60,000 is still very difficult to achieve in just 5 years
As quoted by an analyst from the article (Source mentioned below)
1. A dealership in Houston Texas accepting bitcoins for the purchase of Rolls Royce cars
2. Goldman Sachs CFO says bank is working on bitcoin derivative for clients
3. Major Japanese Department Store Chain Marui Accepts Bitcoin
Goldman Sachs cryptoasset market capitalization plans seem to be inline with the analysts
claims.
Maybe it is hard to predict the exact value of bitcoins in the next 5 years but these are major player adopting bitcoins which will contribute significantly towards the
growth and adoption rate of bitcoins.
Is the prediction over bullish in your opinion ?
Source:https://www.forbes.com/sites/cbovaird/2018/09/10/will-bitcoin-reach-96000-by-2023/#79d5b93237dc
I think it is over bullish because the government will always make a bad move against the growth of bitcoin. My approximation is that it can only reac 30000 USD in the next 5 years because even though technology is quickly innovated, the economic status of other countries have few solutions for their own growth. Quote
"Currently, the vast majority of the total cryptoasset market capitalization is held in traditional store of value markets, with offshore deposits accounting for nearly 40% of the total," they stated in the report.
Going forward, growth in this market capitalization will come "primarily from increased store of value use case penetration," the analysts claimed.
Further, they predicted that as custody solutions "come online," the "penetration" of offshore deposits will increase "dramatically."
Adding to this I personally find it a possiblity due to the recent reports as mentioned belowGoing forward, growth in this market capitalization will come "primarily from increased store of value use case penetration," the analysts claimed.
Further, they predicted that as custody solutions "come online," the "penetration" of offshore deposits will increase "dramatically."
1. A dealership in Houston Texas accepting bitcoins for the purchase of Rolls Royce cars
2. Goldman Sachs CFO says bank is working on bitcoin derivative for clients
3. Major Japanese Department Store Chain Marui Accepts Bitcoin
Goldman Sachs cryptoasset market capitalization plans seem to be inline with the analysts
claims.
Maybe it is hard to predict the exact value of bitcoins in the next 5 years but these are major player adopting bitcoins which will contribute significantly towards the
growth and adoption rate of bitcoins.
Is the prediction over bullish in your opinion ?
Source:https://www.forbes.com/sites/cbovaird/2018/09/10/will-bitcoin-reach-96000-by-2023/#79d5b93237dc
Crypto currency market is down now but that doesn't mean that it will remain like this all the time. Bitcoin is the best crypto currency among all which had already proved it's ability. It is also the most oldest one. Now the price of Bitcoin is low that's around 7000$. We all know that crypto currency is flactuating one. The price always goes up and down.
Today the price is low but that doesn't mean that the price will be low like this all the time. To me the price will rise again. It's just the Matter of time.
We all hope that the price of Bitcoin will astonish us all.
Today the price is low but that doesn't mean that the price will be low like this all the time. To me the price will rise again. It's just the Matter of time.
We all hope that the price of Bitcoin will astonish us all.
As quoted by an analyst from the article (Source mentioned below)
1. A dealership in Houston Texas accepting bitcoins for the purchase of Rolls Royce cars
2. Goldman Sachs CFO says bank is working on bitcoin derivative for clients
3. Major Japanese Department Store Chain Marui Accepts Bitcoin
Goldman Sachs cryptoasset market capitalization plans seem to be inline with the analysts
claims.
Maybe it is hard to predict the exact value of bitcoins in the next 5 years but these are major player adopting bitcoins which will contribute significantly towards the
growth and adoption rate of bitcoins.
Is the prediction over bullish in your opinion ?
Source:https://www.forbes.com/sites/cbovaird/2018/09/10/will-bitcoin-reach-96000-by-2023/#79d5b93237dc
Quote
"Currently, the vast majority of the total cryptoasset market capitalization is held in traditional store of value markets, with offshore deposits accounting for nearly 40% of the total," they stated in the report.
Going forward, growth in this market capitalization will come "primarily from increased store of value use case penetration," the analysts claimed.
Further, they predicted that as custody solutions "come online," the "penetration" of offshore deposits will increase "dramatically."
Adding to this I personally find it a possiblity due to the recent reports as mentioned belowGoing forward, growth in this market capitalization will come "primarily from increased store of value use case penetration," the analysts claimed.
Further, they predicted that as custody solutions "come online," the "penetration" of offshore deposits will increase "dramatically."
1. A dealership in Houston Texas accepting bitcoins for the purchase of Rolls Royce cars
2. Goldman Sachs CFO says bank is working on bitcoin derivative for clients
3. Major Japanese Department Store Chain Marui Accepts Bitcoin
Goldman Sachs cryptoasset market capitalization plans seem to be inline with the analysts
claims.
Maybe it is hard to predict the exact value of bitcoins in the next 5 years but these are major player adopting bitcoins which will contribute significantly towards the
growth and adoption rate of bitcoins.
Is the prediction over bullish in your opinion ?
Source:https://www.forbes.com/sites/cbovaird/2018/09/10/will-bitcoin-reach-96000-by-2023/#79d5b93237dc
While I love to see bitcoins prices go up I prefer to be realistic, and currently this looks more like a marketing gimmick to me. If you're seeing at current levels I would keep it under 50k as a realistic target for the next 5 years, maybe it can cross higher, but it'll need major announcements like bitcoins etf being accepted, USA accepting it as a legal tender, or most of the global countries accepting it.
Adding to this I personally find it a possiblity due to the recent reports as mentioned below
1. A dealership in Houston Texas accepting bitcoins for the purchase of Rolls Royce cars
2. Goldman Sachs CFO says bank is working on bitcoin derivative for clients
3. Major Japanese Department Store Chain Marui Accepts Bitcoin
These motives have a lot of weight and will definitely mean a lot when it comes down to it.
I am not gonna disagree with this. At the same time I am not overly optimistic about it, or rather I don't wanna be.
Let us see how this turns out to be.
I wouldn't be so optimistic. I think bitcoin will reach $ 60,000 in five years. 96 000$ it sounds too good for bitcoin) IMHO
As quoted by an analyst from the article (Source mentioned below)
1. A dealership in Houston Texas accepting bitcoins for the purchase of Rolls Royce cars
2. Goldman Sachs CFO says bank is working on bitcoin derivative for clients
3. Major Japanese Department Store Chain Marui Accepts Bitcoin
Goldman Sachs cryptoasset market capitalization plans seem to be inline with the analysts
claims.
Maybe it is hard to predict the exact value of bitcoins in the next 5 years but these are major player adopting bitcoins which will contribute significantly towards the
growth and adoption rate of bitcoins.
Is the prediction over bullish in your opinion ?
Source:https://www.forbes.com/sites/cbovaird/2018/09/10/will-bitcoin-reach-96000-by-2023/#79d5b93237dc
Quote
"Currently, the vast majority of the total cryptoasset market capitalization is held in traditional store of value markets, with offshore deposits accounting for nearly 40% of the total," they stated in the report.
Going forward, growth in this market capitalization will come "primarily from increased store of value use case penetration," the analysts claimed.
Further, they predicted that as custody solutions "come online," the "penetration" of offshore deposits will increase "dramatically."
Adding to this I personally find it a possiblity due to the recent reports as mentioned belowGoing forward, growth in this market capitalization will come "primarily from increased store of value use case penetration," the analysts claimed.
Further, they predicted that as custody solutions "come online," the "penetration" of offshore deposits will increase "dramatically."
1. A dealership in Houston Texas accepting bitcoins for the purchase of Rolls Royce cars
2. Goldman Sachs CFO says bank is working on bitcoin derivative for clients
3. Major Japanese Department Store Chain Marui Accepts Bitcoin
Goldman Sachs cryptoasset market capitalization plans seem to be inline with the analysts
claims.
Maybe it is hard to predict the exact value of bitcoins in the next 5 years but these are major player adopting bitcoins which will contribute significantly towards the
growth and adoption rate of bitcoins.
Is the prediction over bullish in your opinion ?
Source:https://www.forbes.com/sites/cbovaird/2018/09/10/will-bitcoin-reach-96000-by-2023/#79d5b93237dc
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