2019, bitcoin could be worth just a fraction of what it is now. Van-Petersen who owns bitcoin emphasizes that this is a rough calculation but that his growth predictions could be "conservative" given that in the affiliation forex year 2013 alone, bitcoin's price grew over 5,000 percent. Goldman Sachs could start trading CCs it makes investors feel more comfortable committing capital and create demand. In fact, the bank also predicts that the bitcoin bubble will eventually collapse sometime this year as well. Bitcoin's bad reputation, the bitcoin industry has had its fair share of problems and reputational damage. In December, Saxo Bank published its annual report called "Outrageous Predictions" with one of the forecasts calling for bitcoin to hit 2,000 in 2017. Bitcoin has a limited supply of 21 million which is expected to be reached by the year 2140.
The digital currency was changing hands about.7 percent higher at above 16,642.45, according to CoinDesk s Bitcoin Price Index. The index tracks prices from digital currency exchanges Bitstamp, Coinbase, itBit and Bitfinex. Bitcoin could hit 100, 000 in 10 years, says the analyst who correctly called its 2, 000 price. Bitcoin could make up 10 percent of the 5 trillion average daily volume in the foreign exchange market in 10 years, according to Saxo Bank analyst Kay Van-Petersen. Techs Golden Rule Suggests.
#1) Limited to 21 million Bitcoins. To get a handle on what could drive the price of Bitcoin significantly higher, Ive outlined nine reasons below. Investopedia makes no representations or warranties as to the accuracy or timeliness of the information contained herein. #8) Safety currency, the.S. This has led to Bitcoin and how many bitcoins are there other cryptocurrencies getting huge media exposure and the creation of thousands of new ones.
Bitcoin, price to Cross 100, 000 in 2021.
Using the current BTC supply for simplicitys sake, this would give bitcoin a market cap of about.65 trillion.
Needless to say, a 100, 000 bitcoin price would thrill todays investors, assuming they have the fortitude to resist the temptation to sell them.
Bitcoin, price Could Exceed 100,000 by 2021: Harvard Academic.