There are a handful of Bitcoin price prediction daily made for the mid to long term, or with no time scale at all, that are still standing today. Here are some of the most exciting predictions from Bitcoin’s most legendary evangelists.
Understanding that price predictions and estimates are key information to navigate in this market to gauge the trading sentiment of various assets, the goal of this new feature is to provide convenience by aggregating the market’s estimates in a standardized format. Users are able to view the estimate averages for any asset instead of needing to ask in various asset price discussion chat groups. Much like sell-side equity research reports in traditional financial markets, users are now able to compare the asset price performance with market expectations.
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Anthony Pompliano is a well-known Bitcoin personality. He’s a founder and partner at Morgan Creek Digital, a crypto-friendly asset management firm for institutional investors. He has previously claimed that he holds more than 50% of his net worth in Bitcoin, showing his belief in the cryptocurrency.
Pompliano previously predicted that Bitcoin will hit $100,000 by the end of December 2021. Since then, he has revised the figure to an upper limit of $250,000 – more than double his original prediction.
Why the updated number? Pompalino believes the available supply of Bitcoin is much less than is perceived by most, which lies in stark contrast to the amount of demand that is beginning to precipitate – in particular by institutions.
Along with many others, Pomp also talks about the US Federal Reserve pursuing aggressive quantitative easing and keeping interest rates low, leading to flight to safe-haven assets.
Chamath Palihapitiya – $1,000,000 (by 2037)
Chamath Palihapitiya is the Founder of Social Capital and Co-Owner of the Golden State Warriors. His Bitcoin journey started with an investment back in 2012, and by 2013 he had included Bitcoin in his hedge fund, general fund, private account. At one point, he owned 5% of all Bitcoin in circulation.
Palihapitiya has predicted Bitcoin price will reach $100,000 in the next 3-4 years, adding that it will reach a price of $1 million by 2037. He said, “This thing has the potential to be comparable to the value of gold…This is a fantastic hedge and store of value against autocratic regimes and banking infrastructure that we know is corrosive to how the world needs to work properly”