Topic: Who thinks Bitcoin will hit $250,000 by early 2023 - page 2. (Read 267 times)

We can't make bad news and ask many people to buy bitcoin because your prediction about bitcoin price too high, looking with bitcoin price still down in this year not have bigger chance for bitcoin could touch above $26k and look impossible how come bitcoin can up drastically and keep move on to higher.

Simple, these people was trying to control the market sentiments. The more they are making bullish predictions, the more people are going to buy Bitcoin. So basically, they are really making such possibility. Any predictions has chance anyway, since cryptocurrency and Bitcoin are a very unpredictable asset.
The same goes to the bearish people who throws a lot of negative news about the prices, as they want to make a good entry point.
We, all have our own predictions and beliefs, it's all up to us wether we believe this people or believe on our own market analysis.

There are always a lot of prediction about the price of the bitcoin for this incoming halving, $250k is such a big amount of money but it is also possible that bitcoin can reach that high but one thing for sure is that no one can really predict the accurate price of the bitcoin, do not surprise when someone on twitter posted about the price of the bitcoin for this bitcoin halving because it always happen, people tend to give their prediction as long as they want.
Bitcoin is so unpredictable because it may go high and low, so no one can say the accurate price of it in the next bitcoin halving so always be careful with those traders and investors out there.

Just remember, it is only prediction so don't take it seriously. But for those newbies, don't believe whatever is being shown to you by those self-proclaimed experts. They are also ordinary individuals who are only basing their speculations on what they deemed may possibly happen. Crypto is a very volatile investment so no one can really exactly predict what may happen even few months from now. 2023 is a long journey for bitcoin and there will be a lot of things that will happen in that period. They can give their own predictions but don't let your life dictated by those predictions as you might end up regretting it.

There is no matter of wonder if that will really happened in future but in reality, personally i don't think so. But I'm sure that within 2023 the price of bitcoin will hit upto 40k$ because bitcoin already had hit 20k$ once in 2017 as you already told that. After 3years, technology will be so advanced and people will have increased using Crypto currency like bitcoin.

The price predicted is ridiculous I don't know why they have to exaggerate their prediction like that. Personally, I am confident that Bitcoin will stay below $100k from one to three years since I believe the price correction will always flatten the curve if stretch too much. I just don't how these people did their prediction as if they do have some kind of calculator for everything that would give them a result like that. That's ridiculous!

I also believe that Bitcoin will hit new all time highs, heck they may laugh at $250k or $500k predictions but in the future they will surely realize that it's possible because there's no other asset that's scarce like Bitcoin. Yes there's gold but gold is hard to transact costly to mine and takes time to get delivered.

Tsk, tsk, tsk...no offence but that will be the wildest dream and prediction i have come across. I would not expect bitcoin to bubble up like what it did in 2017 but it can surely increase to about $30k maximum. $250K is insane and not something likely to happen so let's be realistic here.

Are you still surprised for people predicted that the price of bitcoin will go to that? It's so easy to predict and anyone can drop figures but no one actually knows on what will happen in future and as a matter of fact many self proclaimed experts tells that we will go to something good price right now but look what happen? we are still struggling to reach the fifth figures so maybe for now just chill and don't listen to the fuds.

We do not know what the price of bitcoin can be in the next three years, all I know is that the price will rise and fall, good traders take advantage of this. But, if I will have to predict, bitcoin can never increase more than $75000.

As a result of the developments we have experienced to date, no one can say that BTC will never reach 250K. But when we think that the price of BTC is about 9K right now, we can say that the target is not easy. 3 years is a very long time and the future can always surprise us. I think the highest level BTC can reach is 100K. But what really excites me is what will happen to altcoins when they reach these levels.

Tim Draper predicts bitcoin will hit $250k??
 
"That's my prediction. Sticking with it. I'm very confident that that is going to happen. That’s happening. It's kind of funny."

My prediction bitcoin will be around $25 - $30k by 2023 becuase there will be alot of certainty regarding the economy..


Luke FitzpatrickContributor
Crypto & Blockchain

Bitcoin, born from the Global Financial Crisis (GFC) of 2007-08, is now outperforming stocks and gold. With the bitcoin halving event scheduled to take place in 5 days, all eyes are heavily focussed on bitcoin, an asset that has only 21 million bitcoins in existence.

During the bitcoin halving, block rewards are cut in half from 12.5 to 6.25. To recoup the block reward reduction price loss, bitcoin miners postpone selling their bitcoins in order to sell them at a more profitable price several months, up to a year later.

In effect, supply is reduced on a month-by-month basis and each month after the halving, bitcoin becomes extra scarce. As a consequence, assuming that the demand stays the same, then the price of bitcoin will naturally increase each month. And, this is exactly what happened during the 2 previous bitcoin halvings.

First bitcoin halving: During 2012, the price of bitcoin increased from $11 to $1,000.
Second bitcoin halving: From 2016-17, the price ballooned from $700 to $20,000.
Third bitcoin halving: Scheduled on May 12, 2020 (the price impact is still yet to be seen).

After what we all seen the economy crashing oil price in the minus where does this leaves us??