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Topic: Report: Bitcoin to $25,000 by 2022 - page 5. (Read 2880 times)

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November 23, 2017, 03:19:23 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.
We are not yet syre until when will its value continue increasing, but ifbit will, i think the period of tkme is just enough based on the statistics of Bitcoin in the market. it has a high rate of increase and if it will continue, surely, its market value will be more expensive within a progress of 3 years. Also, if the value of bitcoin willl be much expensive in the future, the profit of its users and investors will also be hug3 and hoping that it will do so.
full member
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November 23, 2017, 03:02:39 PM
I feel that a price of 25k by 2022 is actually perhaps quite reserved, many and myself included expect much higher. Another halving will happen by then and bitcoin did over 8x this year with a halving in play, I wouldn't be surprised to see bitcoin at 25k within the next 1-2 years let alone a further 5 years.
hero member
Activity: 714
Merit: 531
November 23, 2017, 02:59:23 PM
For now more prediction in bitcoin value was already reach, before i see the $5k prediction next is $7k, $8k and now we are expecting that before this year was end value of bitcoin will hit $10k. I feel that this prediction are possible to happen because now ghe value is closely reaching $8.5k and there is more than a month left.

Then for the year 2022, many thing will happen before we reach that year but very interesting to read positive prdiction by OP, we wanting to see that bitcoin was too expensive and we as pioneer will be more benefited by this currency and i am looking forward to save lots of bitcoin in the future of course this is for my family.

Also i am wishing that all government change their mind and support bitcoin to make all people have an extra income and i think it will help to boost the economy of one country if many people have earning method like here in crypto world.
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November 23, 2017, 02:46:16 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.
A very interesting read op but I do not think it is overoptimistic, bitcoin is already above 8000 dollars and the year has not ended and if we take into account there is going to be a halving in our way there then I think there is a high likelihood we reach that price by that date.
sr. member
Activity: 602
Merit: 255
November 23, 2017, 12:40:49 PM
A $25,000 price is fun to think about, even though I don't believe it's in the cards.

Your last line interested me the most...but why dont you think its in the cards? Surely people didnt think at the beginning of this year that 8k bitcoin was possible even 6k or even 4k. However all of that happened and now it

is the 10k target that is near. Soon we will be saying 15k, 20k, and 25k respectively. I think this is the beginning of things to come and we should embrace and enjoy the whole rid to the top (wherever that is).

It's a valuation question for me at this point. On the one hand, it's easy to look back at what has happened with the price over the last 8 years and say at any point "well, we never thought X price was possible, but look at it now." That's a rather faulty logic that would suppose that the price will never stop going up, and nothing in economics works that way, so accepting it as a given makes me nervous to start.

But on the valuation front, Bitcoin has a market cap of $136 billion with a price of $8100 per coin. To reach $25,000 per coin, the market cap would be $408 billion if the number of coins remains the same, but there will be more coins at that point so the market cap will actually be higher. So the question to me is do I see Bitcoin reaching a total worth of $450ish billion? The threats to that are the fact that Bitcoin currently hasn't been able to scale and is susceptible to spam attack and there are worthy competitors that even at this point may be better at being Bitcoin than Bitcoin is, so future money coming into crypto might not go to Bitcoin but to other cryptocurrencies. That gives me enough doubt to wonder if Bitcoin can actually reach a price of $25,000 per coin. At this point, I wouldn't bet on it. That's not to say that I would bet against it, but I'm not putting more money into right now, and that's just a decision based on my personal appetite for risk. The potential reward here isn't worth the risk of buying at this price.


Bitcoin is a digital currency system it rate increase day by day and current rate of bitcoin are $8143 and in future it increase high like in 2022 across the $25000 surely because it is a online transaction in all and it's due to digital currency and in economics works that way so accepting it as a given makes nervous to start .
So I believe bitcoin will reach 25k $ in 2022.
legendary
Activity: 2044
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November 23, 2017, 12:24:59 PM
A $25,000 price is fun to think about, even though I don't believe it's in the cards.

Your last line interested me the most...but why dont you think its in the cards? Surely people didnt think at the beginning of this year that 8k bitcoin was possible even 6k or even 4k. However all of that happened and now it

is the 10k target that is near. Soon we will be saying 15k, 20k, and 25k respectively. I think this is the beginning of things to come and we should embrace and enjoy the whole rid to the top (wherever that is).

It's a valuation question for me at this point. On the one hand, it's easy to look back at what has happened with the price over the last 8 years and say at any point "well, we never thought X price was possible, but look at it now." That's a rather faulty logic that would suppose that the price will never stop going up, and nothing in economics works that way, so accepting it as a given makes me nervous to start.

But on the valuation front, Bitcoin has a market cap of $136 billion with a price of $8100 per coin. To reach $25,000 per coin, the market cap would be $408 billion if the number of coins remains the same, but there will be more coins at that point so the market cap will actually be higher. So the question to me is do I see Bitcoin reaching a total worth of $450ish billion? The threats to that are the fact that Bitcoin currently hasn't been able to scale and is susceptible to spam attack and there are worthy competitors that even at this point may be better at being Bitcoin than Bitcoin is, so future money coming into crypto might not go to Bitcoin but to other cryptocurrencies. That gives me enough doubt to wonder if Bitcoin can actually reach a price of $25,000 per coin. At this point, I wouldn't bet on it. That's not to say that I would bet against it, but I'm not putting more money into right now, and that's just a decision based on my personal appetite for risk. The potential reward here isn't worth the risk of buying at this price.
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Activity: 266
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November 17, 2017, 03:13:28 PM
A $25,000 price is fun to think about, even though I don't believe it's in the cards.

Your last line interested me the most...but why dont you think its in the cards? Surely people didnt think at the beginning of this year that 8k bitcoin was possible even 6k or even 4k. However all of that happened and now it

is the 10k target that is near. Soon we will be saying 15k, 20k, and 25k respectively. I think this is the beginning of things to come and we should embrace and enjoy the whole rid to the top (wherever that is).
sr. member
Activity: 420
Merit: 252
November 17, 2017, 02:24:20 PM
I think that it will even go to 20k in 2018, because bitcoin has the potential we have seen that it had risen 6k in a year this means that bitcoin can also do this again.

So i think that in 2019 bitcoin will surely have hitted 20k at least.

In one year up to 20k sounds insanely, but taking into account how the price of bitcoin is changing now can not be affirmed with 100% probability, which is impossible
legendary
Activity: 2044
Merit: 1115
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November 17, 2017, 02:20:26 PM
Bitcoin is the black swan and the predictions are ungrateful since they can fail miserably. But, if the institutional money starts to flow in and existing problems are addressed in a satisfactory way, it can go even higher. Check for example last 20 years of Berkshire Hathaway A share value http://www.morningstar.com/stocks/XNYS/BRK.A/quote.html


Berkshire is a huge conglomerate that owns hundreds of businesses though. That's a crucial difference. Berkshire's stock reflects an ownership stake in those businesses, and thus a legal right to the profits. So stocks have inherent value because they represent something that can be turned into cash. This is the opposite of Bitcoin. Bitcoin is only worth what everyone thinks it is worth, and if the perception of the value changes to 0, there is no inherent value there to keep the price up. In Berkshire stock, everyone would never consider the stock to be worth 0 unless all the businesses Berkshire owned were worth 0.

Inherent value is an important point to understand, because it represents a lot of risk when a speculative asset has no inherent value like Bitcoin.
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November 14, 2017, 05:08:18 AM
I think that it will even go to 20k in 2018, because bitcoin has the potential we have seen that it had risen 6k in a year this means that bitcoin can also do this again.

So i think that in 2019 bitcoin will surely have hitted 20k at least.
sr. member
Activity: 420
Merit: 250
November 14, 2017, 04:48:02 AM
Bitcoin is the black swan and the predictions are ungrateful since they can fail miserably. But, if the institutional money starts to flow in and existing problems are addressed in a satisfactory way, it can go even higher. Check for example last 20 years of Berkshire Hathaway A share value http://www.morningstar.com/stocks/XNYS/BRK.A/quote.html
hero member
Activity: 1834
Merit: 523
November 09, 2017, 10:13:47 PM
The percent to happen the price become 25k doplars is high and for sure you will earn profit if that happen so it's better if you have extra money now invest that in bitcoin to make more profit in the future.  More bitcoin that you have more chances to earn profit . Todsy price is 7500 dollars and possible the price before end of this year is 10k dollars and we have few years to reach 25k dollars.
sr. member
Activity: 644
Merit: 261
November 09, 2017, 09:49:03 PM
This maybe possible considering the volume of users it has gained during the years and this shows the increase of price x6 in just only this year how much more if more people knows about bitcoin. Mostly people in my country dont know anything about bitcoin or in general population only 4 out of ten knows about bitcoin and most of them are youths. We can probably achieve $25000 through sharing the knowledge about crypto's.

This study is not entirely impossible knowing that in just a year, bitcoin has yet again increase 10 times compared to its price last year. In our country, maybe less than 1% of the population knows about it and if it keeps getting the attention of the media may it be in papers, television or social media then price would continue to go upwards due to high demand. Of course there would be some downward trend from time to time but if there would be no event that would make the people still choose bitcoin over others then $25,000 may be reach earlier than 2022 and that would be good for all of us.
full member
Activity: 350
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November 09, 2017, 08:28:27 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.
Yes i believe that after a many years bitcoin will going increase rapidly so we need to keep this until it bump to the highest value in 2020  predict that bitcoin will go to $20000 this is holy so have a encourage yo earn bitcoin and hold this.
sr. member
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November 09, 2017, 08:14:03 PM
This maybe possible considering the volume of users it has gained during the years and this shows the increase of price x6 in just only this year how much more if more people knows about bitcoin. Mostly people in my country dont know anything about bitcoin or in general population only 4 out of ten knows about bitcoin and most of them are youths. We can probably achieve $25000 through sharing the knowledge about crypto's.
hero member
Activity: 532
Merit: 500
November 09, 2017, 06:33:01 PM
Where bitcoin will reach will solely depend on innovations and community acceptance. There are a lot of problems to be solved and as the solutions keep arriving and the network keeps getting robust, the price will keep rising. A 4-5K increase for each of the following
1. Solve micro transaction problem
2. Solve Transaction speed and scaling issue.
3. Solve the miner vs user ambiguity.

Thats an easy +15K in the coming 1-2 years itself. I say by 2020 beginning, well be looking at 25k

All of these things are easier said than done. SegWit2x was an attempt to solve scaling issues, and look what a terribly fiasco that turned into before they finally scrapped it

Yes, it was a fiasco, but as you said, they went about it in the wrong way.  A good scaling solution is needed, but the whole community needs to be on board with it.

The failure of SegWit2x actually gives a boost to Bitcoin Cash in my book. Both attempted to solve scalability and network congestion, and both went about it in different ways. I originally thought SegWit2x was the way to go, but the way they tried to force it through and threaten the system with chaos really undermines the attempt. Now Bitcoin Cash is the remaining alt with a scalability solution, and it's probably not a coincidence that it's up a good chunk on the failure of SegWit2x. (To be fair, a lot of alts are up as money flows back out of btc right now.)

Almost all of the recent rise in the price of bitcoin cash happened before segwit2x was canceled.  I think there was a lot of interest in South Korea, or something like that.  Although I'll admit that it's possible that people were thinking that segwit2x was going to fail and thus started buying bitcoin cash.
legendary
Activity: 2044
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November 09, 2017, 06:07:41 PM
Where bitcoin will reach will solely depend on innovations and community acceptance. There are a lot of problems to be solved and as the solutions keep arriving and the network keeps getting robust, the price will keep rising. A 4-5K increase for each of the following
1. Solve micro transaction problem
2. Solve Transaction speed and scaling issue.
3. Solve the miner vs user ambiguity.

Thats an easy +15K in the coming 1-2 years itself. I say by 2020 beginning, well be looking at 25k

All of these things are easier said than done. SegWit2x was an attempt to solve scaling issues, and look what a terribly fiasco that turned into before they finally scrapped it. The failure of SegWit2x actually gives a boost to Bitcoin Cash in my book. Both attempted to solve scalability and network congestion, and both went about it in different ways. I originally thought SegWit2x was the way to go, but the way they tried to force it through and threaten the system with chaos really undermines the attempt. Now Bitcoin Cash is the remaining alt with a scalability solution, and it's probably not a coincidence that it's up a good chunk on the failure of SegWit2x. (To be fair, a lot of alts are up as money flows back out of btc right now.)
hero member
Activity: 910
Merit: 550
November 02, 2017, 08:52:37 AM
I already read about this. wall street predicted that the price of bitcoin will goes up to $25000 5 years from now and that's 2022 I'm actually excited to go in 2022 because I already holding my coins for a long term since the price of bitcoin goes to $4000 and now we already reach the $7000 barrier.
sr. member
Activity: 1045
Merit: 273
November 02, 2017, 08:21:25 AM
I'm a bit frightened by the all consuming optimism of many of the people here. The model is interesting, but does it scale? There are a lot of models that are only accurate at smaller scales, and then drift off into nowhere. Bitcoin has reached big numbers now, but how will the model hold at 500B value? Anyways, I hope you all don't get your hopes up too much. At least do some more research and develop some reasons for why you think 25k is a reasonable price for bitcoin.
This is a good point, and something that concerns me, as well. The prevailing sentiment around here seems to be that you can't go wrong by buying bitcoin at any price level, which of course has held so far.  But yes, at some point, the price can't keep scaling.  Personally, while I've been skeptical of the price increase and optimism this year, such optimism mostly seems to be the sentiment of those in the bitcoin community.  There's still plenty of skepticism by large financial institutions and governments, which means there's still potential for more growth.
You only have hard efforts to put and then wait for good time. After placing your part, you’re only left with good hope. Always keeping good and positive thinking for your results. Same here with bitcoin, you always think bigger and bigger for the thing that you want most in your life. Bitcoin is one of them and so, it’s casual if we, sometimes, go out of the box to think more for it.
hero member
Activity: 1190
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November 01, 2017, 12:08:11 PM
The OP's ideal looks crazy but i think it's can be real in the future. When everybody is chasing for bitcoin and the amount of Bitcoin is limited which is less day by day . So It's easy to understand why price of Bitcoin raising insane in the future.

To be honest, anything is possible and I think that we should not discard any idea or prediction in this regard. Especially in the case of the wild market such as cryptocurrencies.

We have predictions right from $1000 to $500,000 till 2020 and everyone has their own point of view. We must realize the fact that no one can predict the accurate future, all we can do is to predict the possibilities considering the available data and since Bitcoin is a global phenomenon, we have multiple possibilities and views for the same.
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