Report: Bitcoin to $25,000 by 2022 - page 4.

jaysabi

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It is very much possible if we consider the current bitcoin growth rate.
We may see bitcoin to 10000$ in very short period of time.
Demand of bitcoin is increasing day by day among people.
My prediction is in 2022 price will be more than 30000$.

The growth rate is the key variable, but everyone is taking it for granted that this is 1) normal, and 2) sustainable. Normal is easier to argue, because Bitcoin has always been very volatile. Plus, how do you determine what normal is with such limited data? So perhaps extreme volatility is normal, and periods of rapid price appreciation can be normal, but sustainable is another question entirely. Bitcoin cannot grow at such a rapid clip for extended periods of time (up 750% in less than a year now), because the law of large numbers makes it more difficult to the growth rate the larger it gets. That's a mathematical question though. The larger question is can Bitcoin grow this quickly and not be a bubble. I'm not sold on that one. Everything about this feels like a bubble, because everyone looks irrational insisting it can't go down.

djablom1

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Quote from: sheryl26 on November 26, 2017, 07:19:32 PM

Quote from: jaysabi on October 26, 2017, 05:13:33 PM

First, a word of warning: I think the valuation is overly optimistic, in the extreme, and I would take it with a grain of salt. May very well be a small analytics firm looking to grab some attention by making a splashy claim. That said, the report was published to the firm's paying clients, so their own credibility is on the line.

The company making the prediction is FundStrat, which describes itself as:

Quote

We are an independent research boutique, providing market strategy and sector research. Our differentiated approach is based on what we call fundamental strategy. That is, our research process combines both top-down strategy and bottoms-up fundamental views, to develop a roadmap of practical and useful investment insights for our clients.

According to FundStrat, Bitcoin is following Metcalfe’s Law, which essentially sketches out the value of a network based on how many users it has.

“If you modeled something as simple as square the number of users plus transaction value, it’s explained 94% of [Bitcoin’s price appreciation] this year,” Lee said.

Now, as for the future valuation, Tom Lee, Managing Partner of Fundstrat, put a $25,000 price target for Bitcoin by 2022 in a note to clients published earlier this year. However, and this is important, this view is predicated on cryptocurrencies displacing gold in portfolios with Bitcoin serving a “digital store of value.”

Presently, I don't see that happening. I think people using crypto as a long term store of value are taking on immense risk, and I don't see something as volatile as crypto displacing gold, which is historically a hedge against inflation and therefore done out of safety. Bitcoin is pure risk.

A $25,000 price is fun to think about, even though I don't believe it's in the cards.

That is a very interesting article to know i just hope that those would be true because I plan to hold my bitcoins for that long and if that really happen I will be a millionaire in the year 2022 and that would be nice because im that year I will be 22 years old and that is my goal im life to have my first millions in the age of 20s i am just hoping that the bitcoins will continue to pump even if they do mot reach that price in 2022 at least they will mot stop on slowly pumping because a lot of money we made because of that thing.

I agree with you i personally think that it can easily reach that price by 2022 because at the end of this year it will have 10k and it has grown 9k in a year i think it is safe to say that it will reach 25k in 2022.

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Quote from: BUK2016 on November 26, 2017, 05:36:46 PM

Op, such prediction appeared in so many places before now and I believe it is a possibility that is bound to happen and may not happen at all. But if bitcoin should continue the way it's value move this year that it will reach $25000 by 2022 though it is not a guarantee that it will come an accomplishment at the end of 2022.

There are a lot of predictions too about 2020's+ and what I like with those prediction is they are telling that bitcoin will be good at $100,000 by that time. And that's what I'm waiting for but if ever bitcoin's price will be hitting at $25,000 on that year that will be better.

sheryl26

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Quote from: jaysabi on October 26, 2017, 05:13:33 PM

First, a word of warning: I think the valuation is overly optimistic, in the extreme, and I would take it with a grain of salt. May very well be a small analytics firm looking to grab some attention by making a splashy claim. That said, the report was published to the firm's paying clients, so their own credibility is on the line.

The company making the prediction is FundStrat, which describes itself as:

Quote

We are an independent research boutique, providing market strategy and sector research. Our differentiated approach is based on what we call fundamental strategy. That is, our research process combines both top-down strategy and bottoms-up fundamental views, to develop a roadmap of practical and useful investment insights for our clients.

According to FundStrat, Bitcoin is following Metcalfe’s Law, which essentially sketches out the value of a network based on how many users it has.

“If you modeled something as simple as square the number of users plus transaction value, it’s explained 94% of [Bitcoin’s price appreciation] this year,” Lee said.

Now, as for the future valuation, Tom Lee, Managing Partner of Fundstrat, put a $25,000 price target for Bitcoin by 2022 in a note to clients published earlier this year. However, and this is important, this view is predicated on cryptocurrencies displacing gold in portfolios with Bitcoin serving a “digital store of value.”

Presently, I don't see that happening. I think people using crypto as a long term store of value are taking on immense risk, and I don't see something as volatile as crypto displacing gold, which is historically a hedge against inflation and therefore done out of safety. Bitcoin is pure risk.

A $25,000 price is fun to think about, even though I don't believe it's in the cards.

That is a very interesting article to know i just hope that those would be true because I plan to hold my bitcoins for that long and if that really happen I will be a millionaire in the year 2022 and that would be nice because im that year I will be 22 years old and that is my goal im life to have my first millions in the age of 20s i am just hoping that the bitcoins will continue to pump even if they do mot reach that price in 2022 at least they will mot stop on slowly pumping because a lot of money we made because of that thing.

mx667

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Quote from: joebrook on November 26, 2017, 05:57:34 PM

Quote from: BUK2016 on November 26, 2017, 05:36:46 PM

Op, such prediction appeared in so many places before now and I believe it is a possibility that is bound to happen and may not happen at all. But if bitcoin should continue the way it's value move this year that it will reach $25000 by 2022 though it is not a guarantee that it will come an accomplishment at the end of 2022.

Bitcoin has moved from $1000 from the beginning of the year and it's currently hovering around $9200 as of right now and it has the potential of reaching $10000 before the year ends. I think it will be an understatement to say it reach $25000 by 2022, I believe it will reach $20000 by next year ending if not higher.

I would be sad if Bitcoin only reach that price that year. That's because I think the price of Bitcoin can reach more numbers. I hope, in 2 to 3 years the price of Bitcoin can reach 10 times as it did several years ago. That's because I want my investments to pay off in the time I've set. And I think many say that the price of Bitcoin will increase more than that. If the price of Bitcoin is going to be that way, or my predictions and predictions do not happen, then I want to ask something. If we invest now, then we start our investment when it costs $ 10,000. And if we want to profit 10 times, we have to wait until Bitcoin's price reaches $ 100,000. The question is, when will Bitcoin's price reach $ 100,000?

romecheo

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Quote from: joebrook on November 26, 2017, 05:57:34 PM

Bitcoin has moved from $1000 from the beginning of the year and it's currently hovering around $9200 as of right now and it has the potential of reaching $10000 before the year ends. I think it will be an understatement to say it reach $25000 by 2022, I believe it will reach $20000 by next year ending if not higher.

I am agree with you, when you said that FundStrat the company who make the prediction is underestimating Bitcoin.

What I am seeing, Bitcoin would reach $50000 to $60000 by December 2019, or maybe more.

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Quote from: BUK2016 on November 26, 2017, 05:36:46 PM

Op, such prediction appeared in so many places before now and I believe it is a possibility that is bound to happen and may not happen at all. But if bitcoin should continue the way it's value move this year that it will reach $25000 by 2022 though it is not a guarantee that it will come an accomplishment at the end of 2022.

Bitcoin has moved from $1000 from the beginning of the year and it's currently hovering around $9200 as of right now and it has the potential of reaching $10000 before the year ends. I think it will be an understatement to say it reach $25000 by 2022, I believe it will reach $20000 by next year ending if not higher.

TheNostradamus

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Well after this year, nothing would really surprise me to be honest.
We can see a price closer to 20k, but it will depend on how 2018/2020 goes. 2020 is a halving year which means a higher btc price.
2018 could be a good year or perhaps a year with crashes which we saw after 2013 ATH's

BUK2016

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Op, such prediction appeared in so many places before now and I believe it is a possibility that is bound to happen and may not happen at all. But if bitcoin should continue the way it's value move this year that it will reach $25000 by 2022 though it is not a guarantee that it will come an accomplishment at the end of 2022.

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Quote from: South Park on November 26, 2017, 04:17:47 PM

Quote from: aso118 on November 24, 2017, 04:49:34 PM

Quote from: btcjocan on November 23, 2017, 05:49:35 PM

Quote from: phutakami on October 26, 2017, 11:09:30 PM

We can not say anything in the future, but bitcoin can reach $ 25,000 by 2022 but that is a difficult challenge. Grin

I agree with you . It could be a great challenge for bitcoin. But why not? We all know that everything cannot be done without a process. Maybe it is a long wait also and a very big challenge, but if that would happen, then we will have a lot of earnings or we can gain a lot from that. All we have to do is not to quit and continue what we have started so we will not be behind with others.

A challenge, yes. But I do not think achieving $25,000 by 2022 is impossible. At the beginning of this year, people would have thought you were crazy if you said Bitcoin could cross $2000 in 2017. Now, people think it will cross $10,000. So nothing is impossible in the Bitcoin world.

This is why trying to predict the market is such a huge waste of time, bitcoin cannot be predicted it could easily go to 20000 in the next year or go to 5000, we must concentrate in holding our bitcoin under all circumstances to not sell it and to not lose it to hackers.

I agree, predicting the price of not just bitcoin but any other cryptocurrency is just a stupid idea, because there are many things that we can not know and the things that may affect the price in teh future, because bitcoin is not controlled by the normal market events they are random and quick, people say that bitcoin will reach 25k by the end of the 2022 i say we might even hit that number erlier than that, people didn't predict that the price of the bitcoin will go from 700$ to 9k in the bigening of the year, and this nearly 1000% increase in just a year was never a thing that anyone thought would be possible, so in the future the price may keep on this crazy rise and it might get shut down, but we can't know, only time will.

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Quote from: aso118 on November 24, 2017, 04:49:34 PM

Quote from: btcjocan on November 23, 2017, 05:49:35 PM

Quote from: phutakami on October 26, 2017, 11:09:30 PM

We can not say anything in the future, but bitcoin can reach $ 25,000 by 2022 but that is a difficult challenge. Grin

I agree with you . It could be a great challenge for bitcoin. But why not? We all know that everything cannot be done without a process. Maybe it is a long wait also and a very big challenge, but if that would happen, then we will have a lot of earnings or we can gain a lot from that. All we have to do is not to quit and continue what we have started so we will not be behind with others.

A challenge, yes. But I do not think achieving $25,000 by 2022 is impossible. At the beginning of this year, people would have thought you were crazy if you said Bitcoin could cross $2000 in 2017. Now, people think it will cross $10,000. So nothing is impossible in the Bitcoin world.

This is why trying to predict the market is such a huge waste of time, bitcoin cannot be predicted it could easily go to 20000 in the next year or go to 5000, we must concentrate in holding our bitcoin under all circumstances to not sell it and to not lose it to hackers.

50ouncebrew

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Well I would bet we will be even higher than $25,000 by 2022 simply because that is 5 years from now and the price was only $1,000 last year so if you do the math it will be $25,000 before 2019!

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Quote from: btcjocan on November 23, 2017, 05:49:35 PM

Quote from: phutakami on October 26, 2017, 11:09:30 PM

We can not say anything in the future, but bitcoin can reach $ 25,000 by 2022 but that is a difficult challenge. Grin

I agree with you . It could be a great challenge for bitcoin. But why not? We all know that everything cannot be done without a process. Maybe it is a long wait also and a very big challenge, but if that would happen, then we will have a lot of earnings or we can gain a lot from that. All we have to do is not to quit and continue what we have started so we will not be behind with others.

A challenge, yes. But I do not think achieving $25,000 by 2022 is impossible. At the beginning of this year, people would have thought you were crazy if you said Bitcoin could cross $2000 in 2017. Now, people think it will cross $10,000. So nothing is impossible in the Bitcoin world.

Orionium

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Quote from: jaysabi on October 26, 2017, 05:13:33 PM

https://i.imgur.com/ac27ZfW.png

Now, as for the future valuation, Tom Lee, Managing Partner of Fundstrat, put a $25,000 price target for Bitcoin by 2022 in a note to clients published earlier this year. However, and this is important, this view is predicated on cryptocurrencies displacing gold in portfolios with Bitcoin serving a “digital store of value.”

Projection is a scientific method and media is the most powerful influencer, met to built peoples' confidence and optimism. I think it will be perfect if it also considered some "obstacle" variables. I said obstacle, means something like anything those can push bitcoin price fall/ correction/ bearish.

My focus of that graph screenshot was disturbed by "TRIAL VERSION" watermark background Grin

South Park

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Quote from: Bonsaiav on November 23, 2017, 05:27:21 PM

Bitcoin is a transactions tool are made with no intermediaries, meaning"no banks!" No one knows what will become of bitcoin in the future.
It may be in 2022 the limit of 21 million bitcoins will be reached, in other words, Bitcoin price will be up to $ 25,000 by 2022, this happens based on artificial scarcity at bitcoin's inception that there would only ever be 21 million bitcoins in total.

What are you talking about? The limit of 21 million bitcoin is not going to be reached until all of us are dead with some estimates saying it will be in the year 2140 so that is not going to happen, the halving that happens every four years is supposed to avoid that happens that soon.

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Quote from: phutakami on October 26, 2017, 11:09:30 PM

We can not say anything in the future, but bitcoin can reach $ 25,000 by 2022 but that is a difficult challenge. Grin

I agree with you . It could be a great challenge for bitcoin. But why not? We all know that everything cannot be done without a process. Maybe it is a long wait also and a very big challenge, but if that would happen, then we will have a lot of earnings or we can gain a lot from that. All we have to do is not to quit and continue what we have started so we will not be behind with others.

OuterTech

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IMO in 2022 Bitcoin price can even higher than 25k$

) Just need to spend few minutes to take a look at the way Bitcoin has gone through in this year

. It has increased more than 1000 % in this year only if it keep increasing like that or even more in next years I think in 2022 maybe Bitcoin price must be 50k$. LOL

Bonsaiav

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Bitcoin is a transactions tool are made with no intermediaries, meaning"no banks!" No one knows what will become of bitcoin in the future.
It may be in 2022 the limit of 21 million bitcoins will be reached, in other words, Bitcoin price will be up to $ 25,000 by 2022, this happens based on artificial scarcity at bitcoin's inception that there would only ever be 21 million bitcoins in total.

Xtinah

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It's possible for bitcoin to reach that in2022, with the way bitcoin is just rising. It's so surprising

mharz

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That is only a rumors, yes bitcoin value are incredibly increasing their value so fast. But in my speculation not like that amount they can reach because if you see the amount of bitcoin from 2016 up to 2017 you can see that this year is the huge increasing of value of bitcoin. Last January 2017 bitcoin price was only $1000 but now their value is playing into $8000 to $8500 currently.

In addition I was expecting more increasing of price from bitcoin, maybe 5 years from now bitcoin value were reach higher $25,000 because this 5 years is so long time. I think if bitcoin value increase up to $7000 every years it's was to far to believe that maybe bitcoin value were close to $50,000 in 2022.

Topic: Report: Bitcoin to $25,000 by 2022 - page 4. (Read 2808 times)