Top Crypto Traders Prediction on Bitcoin Price

Top Crypto Traders Prediction on Bitcoin Price

Jeremy Liew, a partner at Lightspeed Venture Partners, an early investor in Snapchat, and an active investor in an exchange with business insider in May 2017 laid out his trust in Bitcoin and predicted it to reach $ 500,000 by 2030, his prediction was also backed by Peter Smith, the CEO and co-founder of blockchain

 Mike Novogratz, a former hedge fund manager and crypto enthusiast, predicted in March 2019 that bitcoin’s market cap is expected to surpass gold’s then market cap which was $7.5 trillion. And he expects this to happen within ten years

 Wences Casares, CEO and founder of Xapo, is also a firm believer of bitcoin who got involved in it in 2011. During a Consensus Conference in New York in 2017, he estimated bitcoin to reach $ 1,000,000 in five to ten years times which means no sooner than 2022 but as delayed as 2027

 Chamath Palihapitiya is the co-owner of Golden State Warriors and founder of Social Capital, he started his investment journey back in 2012 his enthusiasm for bitcoin can be determined by the fact that at one point he owned 5% of all bitcoin in circulation. His short term prediction suggests that bitcoin will reach $1,00,000 in the next 3 – 4 years and for the long run he predicts it to reach the mark of $1 million in or by 2037

 As per Bloomberg’s Crypto Galaxy Index (BGCI) report in June, an analyst believes that unless there happens to be a significant flaw in bitcoin, it will continue to be appreciated by investors

They optimistically suggest that bitcoin has an advantage over crude oil, gold, stocks, and commodities

To further add they said that every time BTC goes down in volume, it climbs back with an increase in value compared to previous years

They quote – “After 2014’s 60% decline, by the end of 2016, the crypto matched the 2013 peak […] After the almost 75% decline in 2018, Bitcoin will approach the record high of about $20,000 this year, in our view

 Adam Back, a cryptographer and crypto pioneer predicted the value of bitcoin to soar to $3,00,000 per bitcoin in the next five years

He believes that hyperbitcoinization can lead to bitcoin reaching $10 million

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