News - $180,000 to $13 million: the wildest Bitcoin predictions
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Now that Bitcoin has reached (and continues to seek) the $100,000 mark, experts are outdoing each other with the wildest price predictions. Read all the details here:
What predictions experts are making about Bitcoin
How they justify these figures
Why one expert thinks even $13 million is possible - and when it might happen
According to several experts, the $100,000 limit is just the beginning. Factors such as Trump's pro-crypto policies, the global pursuit of Bitcoin reserves, the fourth halving of 2024, record-breaking Bitcoin Spot ETFs on Wall Street, and the Federal Reserve's accommodative monetary policy are pushing prediction for Bitcoin further upward. Forecasts range from $180,000 to $13 million. The real price, as always, remains unpredictable.
At a report dated November 21, 2024 analysts at asset manager VanEck are showing great optimism. The firm, active in crypto trading via ETFs, predicts a Bitcoin price of $180,000 within 18 months.
Their arguments: institutional adoption, cross-border trade and the participation of countries in Bitcoin mining. In particular, they say the election of Donald Trump plays a key role in this optimistic outlook.
Arthur Hayes, CEO of BitMEX, expects Bitcoin to reach the $1 million mark no later than 2027. He argues that we are in a unique phase where the entire money system is going to change. Combined with the halving, Hayes sees this as a "perfect storm" for Bitcoin.
Cathie Wood, CEO of Ark Invest, predicts a Bitcoin price between $600,000 and $1.5 million. She points to the relaxation of cryptoregulation under Trump's pro-crypto policies and the potential of Bitcoin as a unique asset class.
🔥 CATHIE WOOD: “Our base case (for Bitcoin) is in the $600,000 range, our bull case is $1.5 million by 2030.”
— Cointelegraph (@Cointelegraph) September 28, 2024
ARK’s Invest CEO is super bullish on #Bitcoin! pic.twitter.com/nFho4SCeR6
Ark Invest has a strong reputation within the crypto industry. The company's Bitcoin Spot ETF has already raised $2.45 billion of net inflows received, and Wood remains optimistic about Bitcoin's future.
Michael Saylor, co-founder of MicroStrategy and one of the world's largest Bitcoin holders, believes Bitcoin will be worth $13 million in 21 years. This equates to 29% annual growth and a total market capitalization of $280 trillion, eighteen times the current value of gold.
According to Saylor, factors such as Bitcoin-Spot ETFs, new accounting standards in the U.S., and adoption by countries such as El Salvador and Bhutan are key drivers of this explosive growth. It should be noted here that Saylor himself benefits quite a bit from such a prediction.
$13 million Bitcoin:….according to Michael Saylor. I believe he is right. He is one smart boy. Bitcoin today is $90,000. If Saylor is on target….which I think he is…. that means for $9,000 today….you buy .01 Bitcoin today…you are a millionaire tomorrow. Sure beats…
— Robert Kiyosaki (@theRealKiyosaki) November 20, 2024
His prediction is supported by Robert Kiyosaki, author of Rich Dad Poor Dad. He calls Bitcoin an essential investment: "Today Bitcoin is $90,000. If Saylor is right, you can buy 0.1 BTC for $9,000 now and be a millionaire tomorrow."
Bitcoin's future remains a source of debate and speculation. While some experts expect moderate increases, others believe in astronomical growth. It is also clear that some experts speak from self-interest. One thing is certain: the future will tell.