Topic: How much can bitcoin cost in Future. - page 6. (Read 1605 times)

Looking back how much bitcoin has gone up in the last 10 years it is crazy, the op said that it has risen from 0.06 to 7k and if in 10 more years we have the same percentage literally the skies are the limit, and the thing is anything could happen it never stops to surprise us , back 2017 it gone from 6k to almost 20k in less than 3 months and there you could see the real potential of it as an investments, and i am sure that in the next few years we will see some good things for bitcoin and the crypto in general as it is a growing field that is attracting more and more people everyday.

As noted recently. The prices of bitcoin can sometimes defy the economics of supply and demand. It started as a wave of a very promising crypto currency, which had promising returns for those who traded it. However, recent events as seen in Financial papers or Economics essays, the value of bitcoin has become quite unpredictable and it is not possible to envisage its future worth.

It's anybody's guess. Even now we're seeing a lot of people putting in their own predictions. Some seem very gloomy about bitcoin's future, while other seem overly confident that it'll make them rich if they held a significant amount. I think this is one thing that we can't answer for sure. It could go upwards like the optimists perceive or it could go the other way around. I'd like to be pretty conservative with my expectations.

There is so much talks already about future price of BTC on this forum. In my opinion BTC adoption will be good for alt coins also to be adopted in main financial system. There are rear chances that any alt coin will outclass BTC.

Bitcoin has grown so much just because people used it as an investment and not as a currency. Satoshi created bitcoin to be used as a currency.
The first decade of bitcoin was really amazing. Seeing bitcoin grow from $0 to $7000 despite all the dumps and negative promotion is truly remarkable but I wish it would have grown more naturally i.e, by using it as a currency. If it were so then bitcoin would have been more stable today and have been at a natural price rather than a manipulated price.

As time goes by, I'm sure there will be many people in the world who will know even using bitcoin. That will help bitcoin reach its peak price, but I'm sure in the next 2-3 years bitcoin will be able to stabilize at $20k

I have a strong faith that cryptocurrency is here to stay and will definitely be defining the kind of future we will have especially in the world of finance, money and banking. Bitcoin has been the dominant cryptocurrency not because it is perfect (far from that) but because it is the most popular, the most recognized and maybe the most utilized (except for stablecoins, I guess). Now, we should not be afraid of competitions because these alternative coins are actually partners of Bitcoin especially in the world of cryptocurrency trading. Until such time that there is no coin that can replace Bitcoin on its throne as the King, we should not be concerned much with perceived competitors. Definitely, there will be new competition from time to time and this is just a natural development in the open market but if we have to base on the past many of these new platforms will just die on the road, not being able to sustain the sizzle they created.

Don't get fooled into thinking that bitcoin will cost 50 or 100K USD after X amount of year.This is BS
The bitcoin price will probably stay around the 5K-12K USD area in the long term.

what Nigel Green said can not be ignored, adoption of Bitcoin will certainly be reduced if the cryptocurrency competition gets tougher,
This competition arises because of the many private or non-private companies that launch new coins.
but it does not rule out the possibility that BTC will still be number one due to its scarcity and also the enormous public trust in BTC.

Personally, I think Bitcoin is nearing it's peak. With many altcoins (although most are shitcoins) entering the market, there's a possibility that one of them would revolutionize the cryptocurrency game. Bitcoin's limitations are quite significant as time passes by, and some altcoins are already making steps to provide alternatives to such limitations. However, there are still a lot that bitcoin would go through, it's just that the future years might not be as good as the old ones.

if the adoption of bitcoin increases I am also certain that the value of bitcoin will continue to grow, because market needs and limited numbers make the price increase because it follows the market's needs. maybe this is just speculation, because so far I have not seen a surge in adoption of bitcoin highly, but it could have happened if the development of cryptocurrency also jumped

Well, everything we say is just speculation but I do believe if the adoption of cryptocurrencies increase in time then we'll surely see a really good boost to the price.
Majority of people see BTC as an investment and not as a cryptocurrency to use for a daily purpose which is a plus point as it leaves a lot of BTC out of the circulation.
I think $25000 a coin is possible by the end of 2020 or the start of 2021.

Bitcoin has come a long way in just 10 short years. Despite the bitcoin price struggling to regain its highs this year, the long-term trend is hard to ignore.

The bitcoin price is up a ridiculous 10.6 million percent since CoinDesk began tracking it back in July 2010 — rising from 0.06 cents to $6,421 over that time. 10th anniversary of Satoshi Nakamoto’s release of the bitcoin whitepaper — leading many to look ahead to what the next 10 years will bring. Bitcoin has dominated investor interest over the last ten years, but that could be very different in the coming decade.

It’s only in the last five or so years that bitcoin has had any major competitors. Ethereum, the world’s second largest cryptocurrency by market capitalization, was first conceived in 2013.
“I believe that bitcoin’s influence and dominance of the cryptocurrency sector will drastically reduce in its second decade,” said Nigel Green, founder and CEO of deVere Group, a financial advisory group.

“This is because as mass adoption of cryptocurrency grows, more and more digital assets will be launched – by organizations in both the private and the public sectors. This will increase competition for bitcoin and dent its market share.”
Green expects the bitcoin and wider cryptocurrency market will expand by “at least” 5,000% in the next 10 years — meaning it could be worth $20 trillion, up from $400 billion today.
Now bitcoin price 7282$