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

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Quote from: dansus021 on October 24, 2023, 09:13:43 PM

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.

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Quote from: $crypto$ on October 16, 2023, 08:11:16 AM

-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/

Quote from: dansus021 on October 24, 2023, 09:13:43 PM

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/

Quote from: dansus021 on October 24, 2023, 09:13:43 PM

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.

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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

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Quote from: South Park on October 19, 2023, 03:32:28 PM

Quote from: khiholangkang on October 16, 2023, 06:40:26 AM

Quote from: Pierre 2 on October 16, 2023, 05:13:08 AM

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.

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Quote from: khiholangkang on October 16, 2023, 06:40:26 AM

Quote from: Pierre 2 on October 16, 2023, 05:13:08 AM

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.

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Quote from: taufik123 on October 15, 2023, 05:03:23 PM

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.

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Quote from: Pierre 2 on October 16, 2023, 05:13:08 AM

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.

Pierre 2

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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.

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Quote from: taufik123 on October 15, 2023, 05:03:23 PM

Quote from: ajiz138 on October 14, 2023, 02:06:52 PM

There is no sign of a rise in October, during the middle of this month, I think many people dubbed "uptober" because looking at the previous year's cycle where prices have risen in this month, now it is still in the $ 26.5K area sometimes the end of the month like to have a little spike we just wait for what happens later.

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.

October isn't over yet, so don't jump to any conclusions too hastily. One more thing, history often shows that October is a good month for bitcoin, but there is no guarantee that October will always be a good month for bitcoin. Bitcoin is unpredictable, don't get your hopes up, and when it doesn't turn out as you expected, you start blaming history or people. Investing in bitcoin requires analysis and should be based on the current situation, not solely on historical patterns.

Quote from: taufik123 on October 15, 2023, 05:03:23 PM

Quote from: ajiz138 on October 14, 2023, 02:06:52 PM

I feel the starting point of the bullrun should be in the $40K range, that is my view, but when starting from now it will be a little doubtful. More clearly what about the beginning of the year later in 2024.

Breaking the $30k price alone is an indication of the beginning of a bull run and being able to break above that price is good enough.
The end of the year if it closes at a higher price than it currently is would be a good indication.

But Bitcoin needs to get past some of the shocks that will occur because there is some FUD that will inevitably arise.

Bitcoin price has crossed $30k a few times this year but has not been able to stay above that level for too long, so it cannot be said that passing $30k or $40k is a sign of the season the bull is coming.

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Quote from: ajiz138 on October 14, 2023, 02:06:52 PM

There is no sign of a rise in October, during the middle of this month, I think many people dubbed "uptober" because looking at the previous year's cycle where prices have risen in this month, now it is still in the $ 26.5K area sometimes the end of the month like to have a little spike we just wait for what happens later.

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.

Quote from: ajiz138 on October 14, 2023, 02:06:52 PM

I feel the starting point of the bullrun should be in the $40K range, that is my view, but when starting from now it will be a little doubtful. More clearly what about the beginning of the year later in 2024.

Breaking the $30k price alone is an indication of the beginning of a bull run and being able to break above that price is good enough.
The end of the year if it closes at a higher price than it currently is would be a good indication.

But Bitcoin needs to get past some of the shocks that will occur because there is some FUD that will inevitably arise.

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With the impending bitcoin halving and bull run, various well known exchange in the cryptocurrency or Bitcoin business are starting to create hype. The price of bitcoin, which is currently a well-known exchange in the economic sector, was recently predicted by a well-known person to be $5 million. And now Up until 2026, it will remain at $750,000 up to 1M$ each.

Why don't we believe it if the foundation is so strong? Even though a large portion of the population may work in this field, there is no reason to assume that it will actually materialize because rumors and opinions will always stay rumors.

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Quote from: taufik123 on October 14, 2023, 11:17:15 AM

The cycles will continue to change, see how this October is going.
It experienced a decline that no one expected even though October was dubbed as Uptober, but what happened?
The crypto market experienced a decline to the $26k price area.

Spot crypto ETFs will indeed be the focal point for hopes of a positive crypto market return.
Bitcoin still has a chance to rise until the end of October.

We all hope that this will be the start of a bull run cycle.
The transition from Bearish to Bullrun and will certainly be the point where Bitcoin starts looking for its bottom.

There is no sign of a rise in October, during the middle of this month, I think many people dubbed "uptober" because looking at the previous year's cycle where prices have risen in this month, now it is still in the $ 26.5K area sometimes the end of the month likes to have a little spike we just wait for what happens later.

Yes, that's their point of hope after the spot ETF is approved, the opportunity to rise is still there I will not rule it out because the movement of bitcoin is always there suddenly to rise.

I feel the starting point of the bullrun should be in the $40K range, that is my view, but when starting from now it will be a little doubtful. More clearly what about the beginning of the year later in 2024.

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Quote from: $crypto$ on October 14, 2023, 04:48:37 AM

-snip-
Even though the Spot ETF was approved by the SEC this year, for example, the price of bitcoin will not increase, my opinion is that bitcoin always has its own cycle after the halving. As for the positive news from the SEC, because it agrees, some of us are happy to hear it, it's just that my adherence to the cycle is very strong, so In early 2024/2025, perhaps the highest price will be in history again.

The cycles will continue to change, see how this October is going.
It experienced a decline that no one expected even though October was dubbed as Uptober, but what happened?
The crypto market experienced a decline to the $26k price area.

Spot crypto ETFs will indeed be the focal point for hopes of a positive crypto market return.
Bitcoin still has a chance to rise until the end of October.

We all hope that this will be the start of a bull run cycle.
The transition from Bearish to Bullrun and will certainly be the point where Bitcoin starts looking for its bottom.

$crypto$

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Quote from: BitcoinPanther on October 13, 2023, 03:32:42 PM

Quote from: $crypto$ on October 13, 2023, 10:58:26 AM

There is another prediction from Standard Chartered bank predicting a bitcoin price by the end of 2024 of $120,000.
Source: https://twitter.com/BTC_Archive/status/1712771899934064695

This definitely makes sense with their prediction compared to others above $500K, only we still don't know what it will be at that time? Now there has been a lot of speculation coming into the media about the bitcoin price after the halving. In the following year, so many may have predicted that the end of 2024 will be the highest peak again.

Looking at the Bitcoin price history and year cycle history, the prediction still does not make sense. The suppose to be Bitcoin breaking of the ATH price should happen in 2025 not before it. Although it is the nearest to reality in reference to the year when the prediction might happen, I think it is still way out of the market movement mark. Unless several spot ETF applications are approved by SEC, I don't find any reason why the market will break ATH in the year 2024.

Why doesn't it make sense? I think it's still relevant to that number and I said at the end of 2024 it's clearly closer to 2025 maybe it will happen in Q1 2025 - but it's getting closer to the increase.

Even though the Spot ETF was approved by the SEC this year, for example, the price of bitcoin will not increase, my opinion is that bitcoin always has its own cycle after the halving. As for the positive news from the SEC, because it agrees, some of us are happy to hear it, it's just that my adherence to the cycle is very strong, so In early 2024/2025, perhaps the highest price will be in history again.

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Quote from: adaseb on October 13, 2023, 11:05:23 PM

One thing you need to understand about his prediction is that he predicts that there will be some massive event and lead to more money printing. So $1 in 2026 is maybe worth $2-3 today. So if there is massive printing and bitcoin hits $250,000 or so it’s basically same price as the top in 2021 if you account for inflation.

He is predicting a big financial crash and hence why many assets like gold, stocks, real estate will spike because the dollar will be useless.

Anyway, that prediction is both overblown and bullshit at the same time. The inflation that would have to occur in just over two years has never been seen in the dollar, it would be inflation like that of countries like Venezuela and if you are going to predict apocalyptic scenarios you better have good arguments to back them up because they are not usually predictable.

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One thing you need to understand about his prediction is that he predicts that there will be some massive event and lead to more money printing. So $1 in 2026 is maybe worth $2-3 today. So if there is massive printing and bitcoin hits $250,000 or so it’s basically same price as the top in 2021 if you account for inflation.

He is predicting a big financial crash and hence why many assets like gold, stocks, real estate will spike because the dollar will be useless.

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These are bullish predictions of people who have a high stake in its growth, so I don't see anything special about it. They own Bitcoin. They are into a Bitcoin-related business. A bullish Bitcoin would benefit them first.

But just like them, I also believe that Bitcoin will one day reach hundreds of thousands of dollars. That will eventually come in the far or near future. It may or may not happen within our lifetime, but there's a high chance that it will happen. Bitcoin is the currency of the future.

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Quote from: BitcoinPanther on October 13, 2023, 03:32:42 PM

Quote from: $crypto$ on October 13, 2023, 10:58:26 AM

There is another prediction from Standard Chartered bank predicting a bitcoin price by the end of 2024 of $120,000.
Source: https://twitter.com/BTC_Archive/status/1712771899934064695

This definitely makes sense with their prediction compared to others above $500K, only we still don't know what it will be at that time? Now there has been a lot of speculation coming into the media about the bitcoin price after the halving. In the following year, so many may have predicted that the end of 2024 will be the highest peak again.

Looking at the Bitcoin price history and year cycle history, the prediction still does not make sense. The suppose to be Bitcoin breaking of the ATH price should happen in 2025 not before it. Although it is the nearest to reality in reference to the year when the prediction might happen, I think it is still way out of the market movement mark. Unless several spot ETF applications are approved by SEC, I don't find any reason why the market will break ATH in the year 2024.

Let's say everything is possible in crypto, we never thought in 2017 that we will reach almost $20k right? So we can put this speculation on the and see how it goes in 2026. Although we know that the most likely bull run will occur 2024-2025, and after that it will be bear market again.

Unless the cycle breaks, we have 2 bull run cycles and we never see any bear market.

But that's unlikely to happen as the everything starts in halving, happening every 4 years.

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Quote from: $crypto$ on October 13, 2023, 10:58:26 AM

There is another prediction from Standard Chartered bank predicting a bitcoin price by the end of 2024 of $120,000.
Source: https://twitter.com/BTC_Archive/status/1712771899934064695

This definitely makes sense with their prediction compared to others above $500K, only we still don't know what it will be at that time? Now there has been a lot of speculation coming into the media about the bitcoin price after the halving. In the following year, so many may have predicted that the end of 2024 will be the highest peak again.

Would really be taking up this prediction rather than into those people or groups who had been sharing up their speculations that reaching up a million per coin on which it is something that not realistic at all but they do keep on pushing up that kind of idea that Bitcoin would really be hitting up that area but obviously these people had already filled up their bags and just like been said above that they are now trying to hype things up just to drive the price going upwards.By being just that realistic then we do really know that the price doesnt really move that fast on the way as it should be if we are speaking about million dollar kind of value on 2026.
We didnt even surpass out $100k point on this point and knowing that 3 years time wont really be that long then having such increase wont really reflect out on the time on how it do moves on a particular time frame.

Lets just stick into those realistic numbers rather than on making ourselves that too hopeful on prices which it isnt really that even realistic for it to be reached or would really be that
so hard even just on our wildest dreams but well if full adoption would kick in then possible but we know that it cant really be that so fast or in short time.

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Quote from: $crypto$ on October 13, 2023, 10:58:26 AM

There is another prediction from Standard Chartered bank predicting a bitcoin price by the end of 2024 of $120,000.
Source: https://twitter.com/BTC_Archive/status/1712771899934064695

This definitely makes sense with their prediction compared to others above $500K, only we still don't know what it will be at that time? Now there has been a lot of speculation coming into the media about the bitcoin price after the halving. In the following year, so many may have predicted that the end of 2024 will be the highest peak again.

Looking at the Bitcoin price history and year cycle history, the prediction still does not make sense. The suppose to be Bitcoin breaking of the ATH price should happen in 2025 not before it. Although it is the nearest to reality in reference to the year when the prediction might happen, I think it is still way out of the market movement mark. Unless several spot ETF applications are approved by SEC, I don't find any reason why the market will break ATH in the year 2024.

Topic: BitMEX founder projects $750,000 to $1 million #Bitcoin price by 2026 (Read 564 times)