For a very simple reason, the future price of bitcoin can not be predicted in a specific way because we did not experience something like BTC before in human history , but we can imagine the future based on past experiences that are not identical but similar in form and not in content.
Before we go deeper let us revise the experts opinion about BTC future price moreover dollar vigilante has summarize BTC price journey in the past :
"$0 - $1000: 1789 days
$1000- $2000: 1271 days
$2000- $3000: 23 days
$3000- $4000: 62 days
$4000- $5000: 61 days
$5000- $6000: 8 days
$6000- $7000: 13 days
$7000- $8000: 14 days
$8000- $9000: 9 days
$9000- $10000: 3 days
$10000- $11000: 12 hours"
Consequently it take 8.9 years for BTC to reach $11000, so what can happen in next 10 years.
It is quite interesting to think about how far bitcoin has come since its inception. With a hard limit of 21 million BTC to be generated by 2140, a lot of people assume there are still a lot of coins to be mined for the next few years. While that is true up to a certain extent, we are getting closer to 80% of the finite supply being brought into circulation already.
Navigating through forum talking about BTC future price,http://longforecast.com clames that BTC price at 2022 will be $56379, while next year 2018 Dec $58334 and Dec 2019 $100225.
while Fund Strat Global Advisor co-founder Mr.Tom Lee said “You could easily get to $100,000, $200,00 numbers,” he adds, stating elsewhere that, “I think you can easily see a liquidity-based move in bitcoin that’s much beyond our target prices” . Moreover Jim Cramer, CNBC:
Cramer, the TV pundit, has the rosiest outlook on bitcoin of the assembled crystal ball gazers: $1 million per coin. But he is vague on when, exactly, he expects that to happen.
On the other hand Roy Sebag, Goldmoney:
The noted goldbug Roy Sebag, who runs the $2 billion Goldmoney fund, was once a bitcoin bull. But, according to Fortune, he sold most of his 17,000 coins this summer because he believes they will be worth nothing in the long-term. “It has completely devolved from the original promise,” he said.
My theory about BTC future
In order for us to predict BTC future price, we need something solid, tangible and similar to make rational measure, thus i have taught of the most Expensive Stocks in the market as a guide to see how investors will behave accordingly.
cryptocurrencies investors like stock investors use many metrics to determine the real value of a company’s stock. so what are the most top 5 stock price in stock market, I will start from five to one.
Number 5
Markel > Share price: $963.48
Markel Corp. (NYSE: MKL) shares are up 6.5% year to date. The company markets and underwrites specialty insurance products in the United States and internationally, within its U.S. Insurance, International Insurance and Reinsurance segments. The consensus price target is $1,005.00, and the 52-week range is $811.05 to $992.00. The company has a total addressable market cap of $13.4 billion.
Number 4
Priceline > Share price: $1,903.91
Priceline Group Inc. (NASDAQ: PCLN) shares have made solid gains in 2017 so far, up about 30% year to date. The company offers online travel, restaurant reservation and other related services through subsidiaries such as Booking.com and KAYAK, and the company has been one of the leaders in revolutionizing travel over the past two decades. Shares traded between $1,148.06 and $1,927.13 in the past year. The consensus price target is $1,953.61. Priceline has a total market cap of $93.6 billion.
Number 3
NVR > Share price: $2,162.31
NVR Inc. (NYSE: NVR) has outperformed the broad markets year to date, with the stock up 29.6%. The company operates as a homebuilder in the United States. Its focus is in the Mid-Atlantic, North East, Mid East and South East markets, mostly for single-family homes, townhomes and condominiums under the brand names of Ryan Homes, NVHomes and Heartland Homes. Shares traded in a 52-week range of $1,478.04 to $2,191.75 and have a consensus price target of $2,106.67. The company also has a total addressable market cap of $8.1 billion.
Number 2
Seaboard > Share price: $4,010.00
Seaboard Corp. (NYSE: SEB) shares are relatively flat on the year as well, up only 1.5%. Seaboard operates as a diverse agribusiness, from pork and turkeys to sugar and biofuels. The company also acts as a commodity trader and a marine shipper worldwide. The stock has traded in a 52-week range of $2,590.00 to $4,545.00, with a total market cap of $4.7 billion.
Number 1
Berkshire Hathaway > Share price: $247,160.00
Berkshire Hathaway Inc. (NYSE: BRK-A) has stayed relatively flat in 2017, with the stock up only 1.2% year to date. As we all know, Warren Buffet is at the helm of this mega-corporation, and it is the most expensive stock on the market far and away. Berkshire Hathaway acts as a holding company for numerous businesses that deal in practically every field, with subsidiaries such as BNSF, Precision Castparts, Lubrizol, MidAmerican Energy, GEICO and on and on. Investors can also buy Berkshire Hathaway B shares for $165 or so. The A shares have traded in a 52-week range of $205,074.00 to $266,445.00, and the market cap is $406.3 billion. The consensus analyst price target is generally from too few analysts to be relied upon, but it was last seen at $282,350.00.
In my perception if bitcoin like Berkshire Hathaway company In terms of strength and how people trust in them, investors will pay in one BTC lot of cash and behaving the same with Berkshire Hathaway as this could apply in other cryptocurrencies.
Frankly and while writing this post I could only make an unclear virtual image for the future price of bitcoin , in a previous article that the probability of the end of these currencies is very much for many reasons I have mentioned.
All current cryptocurrencies are not good to use including BTC and will disappear , these are the reasons and solutions https://steemit.com/bitcoin/@ehabakhdar/all-current-cryptocurrencies-are-not-good-to-use-including-btc-and-will-disappear-these-are-the-reasons-and-solutions. I have the felling for n end for today cryptos were might be better coins in the future rather than the current ones.
Despite all that, I still invest in bitcoin and almost all of my savings now is in a BTC wallet. The only true that we know is BTC price is going up, at least for the coming year so fastening your seatbelt and get ready for a bumpy ride climbing new heights we did not ever seen before.
Thanks to #promo egypt
I like altcoins more than bitcoin and I hope alts start picking up the pace soon.
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Believe me BTC have a long way to go as well altcoin thought for instance look to LTC and dash coin they have a very good potential.
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I think BTC is a medium to get people into crypto but eventually it will be the alts which will have bigger growth as they have more real world use cases which is required for adoption of cryptocurrency.
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That is an interesting take on the price of Bitcoin. I guess at this rate the price of Bitcoin might go upto 40000 USD by the end of 2018.
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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.marketwatch.com/story/the-15-most-expensive-stocks-2017-05-09
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I think bitcoin will rocket to 15000 soon, maybe next 2-3 mounth
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Yes this could happen very soon, thanks for your nice comment.
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