Bull Run incoming! At least that is the credo of the Bitcoin perma bulls. $100,000, $200,000, $1 million per bitcoin? The imagination knows no limits. Putting on dollar glasses, we take a look at the five most bullish forecasts for the #1 cryptocurrency’s price
1. Max Keizer and redfly.eth: $100,000, date unknown
Let’s start moderately. If crypto early adopter Max Keizer has his way, we’ll eventually have to pay $100,000 for a bitcoin.
This pattern will repeat all the way to Bitcoin $100,000 and beyond…#bitcoinusa #cryptocurrencies #binary #bitcoinminning #investing #binaryoptions #bitcoincash #crypto #cryptotrading. pic.twitter.com/c9IJSRbJdI— redfly.eth 🚀 (@iamapoorvgupta) April 23, 2022
Apart from the chart, Keizer justifies his forecast with the vague statement that fiat currencies are a “barbaric relic” and will be replaced by BTC.
2. Thomas Lee: 125.000 US-Dollar bis 2023
Sometime between 2021 and 2023 the time has come: One Bitcoin is worth over 125,000 US dollars. At least that’s what Thomas Lee thinks.
That prediction isn’t entirely unfounded, because Lee is the founder of Fundstrat. The company analyzes market data and has a knack for assessing past price developments.
Meanwhile, Lee still believes in the “white Christmas”. His bet: Bitcoin to reach $25,000 by the end of the year.
3. Tim Draper: 250.000 US-Dollar bis 2022
With the help of the crypto holy spirit and a crystal ball, venture capitalist Tim Draper ventures a glimpse into the future from minute nine . drum roll please
“$250,000 per bitcoin by 2022. They think you’re crazy, but it’s happening, it’s going to be crazy.”
You can of course skip straight to the course forecast. However, you then miss the highlight of the video: Draper’s vocal performance from minute three. Worth it.
4. Jeremy Liew and Peter Smith $500,000 by 2030
Jeremy Liew is known as one of the early investors in Snapchat. In a presentation he gave with blockchain CEO Peter Smith, Liew came out as a bitcoin enthusiast. By 2030, each bitcoin should be worth half a million US dollars.
The two provide a reason at the same time. The argument builds primarily on bitcoin’s suitability for international money transfers. Liew and Smith expect “the percentage of bitcoin-based remittances will increase sharply as awareness of bitcoin increases.”
5. John McAfee 1 Million US-Dollar bis 2020
And the Oscar goes to… John McAfee won’t be contesting the title of maximum bull any time soon. $1 million per bitcoin by 2020? Wow. One can be taken aback by so much optimism. Especially since “a lot” is at stake. We remember this iconic tweet from the former software magnate:
When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong. pic.twitter.com/WVx3E71nyD— John McAfee (@officialmcafee) November 29, 2017
His original bet, $500,000 by the end of 2020, seemed “conservative” to McAfee. So he promptly doubled to one million Bitcoin, or “Bircoin,” as McAfee erroneously writes. Bircoin is also the name of the website that compares the actual price developments with the forecast. Since May 2018, however, BTC has traded below target.
For it to be anything, the Bitcoin price would have to rise by an average of 0.5 percent per day. However, that sounds like a daring thesis. What the grand-père terrible seems to have noticed in the meantime: McAfee has made a 180-degree turn and has recently been extremely bitcoin- critical .
So are we all getting rich?
What unites the cops is their criticism of the antiquated fiat money system. Part of the narrative is therefore the (partial) displacement of classic central bank money by Bitcoin & Co. If that happens, the predictions are no longer so hair-raising.
In addition, over 80 percent of the tokens have already been mined. The next Coinbase Reward Halving is also scheduled for May, when money supply growth will be even slower. With increasing demand – and this is becoming apparent – according to Adam Riese, the course only knows one direction .
Despite “Fear, Uncertainty and Doubt”: Hodl-Army stood still!