About Bitcoin price: what is the prediction?

Mattia Franzoni
Aug 13, 2018 · 4 min read

Bitcoin, as well as other cryptocurrencies, is advancing with a slow but decisive step towards its global mass adoption. This is happening all over the world, even if in uneven way because of the deep differences between each country.

As the results of the statistics show, digital currencies are attracting an ever-wider audience attention. In fact, it is no longer a niche topic, reserved and discussed mainly by experts and enthusiasts, but has become a topic on the widespread agenda on a large scale.

But can the adoption of cryptocurrencies affect the increase in their value?

Given the growing popularity of digital currencies, investors expect to get 5 or even 10 times higher profits in the next 3 or 4 years compared to the money initially invested.

It is well known that it is almost impossible to predict the future value of cryptocurrencies given the unstable nature of their market which is constantly changing. Nevertheless, many people, especially influential people, try to predict the price that will have Bitcoin and other currencies in a few years.

Among these, we find a well-known Bitcoin supporter, as well as billionaire and co-founder of “Avenue Capital Group”, Marc Lasry, who in one of the most recent his interviews released, he decided to make an expectation on the future Bitcoin price. He believes in a bullish future for the currency and argues that the so-called “digital gold” is destined to increase in value to reach $ 40,000 in just a few years. He has no doubts on the price growth. He noted that the value of money is strictly related to the use of other cryptocurrencies. So the cryptography growth almost automatically guarantees a rise in price.

Marc Lasry (see the LinkedIn profile)

Lasry seems decidedly convinced of his prediction, so much so that he recently declared that he invested a significant part of his assets in bitcoin, thus demonstrating his full confidence in the functionality of cryptocurrency. He confides that his biggest regret is not having bought bitcoins before. On the other hand, who could foresee a similar success of an alternative currency and very different from the classical ones, commonly used?

Up to now, the predictions of the well-known investor have been truthful as Bitcoin has had strong increases reaching a stable value of about $ 7,442.

But Marc Lasry was not the only one to make predictions about the increase in value of the currency. In fact, other investors were interested in the subject and wanted to say theirs.

Tim Draper said he believes Bitcoin could reach a quarter of a million within the next four years.

John McAfee (see the Twitter profile)

While John McAfee, a well-known founder of the computer security company that bears his name, has put forward an even more surreal hypothesis saying that it could even hit $ 1 million by 2020.

In a tweet he writes:

“As I predicted, Bitcoin is rebounding and rapidly climbing after Christmas. It is still, by far, the best long term crypto investment, and I firmly stand by my prediction of $1 million by the end of 2020.”

These predictions clearly represent a growing interest in the future of cryptocurrencies.

Not only investors, but also banks and companies, are getting closer and closer to this world, which is positive for significant increases in digital currencies.

Today the realization of Lasry’s prediction may seem almost impossible.
Not to mention the hypothesis of McAfee that seems unattainable.

But we saw only at the end of last year a dizzying growth of Bitcoin which reached its all-time high in a very short span of time. What will happen to the first cryptocurrency par excellence over the next few years? Everything is yet to be discovered.

CREDITS

This article was originally written in Italian by Mattia Franzoni and translated in English by Stefania Stimolo for NovaMining.


NovaMining Media

Mattia Franzoni

Written by

Blockchain Enthusiast, Transhumanist, Biohacker, Miner . I spend my life to discovering new things.

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