The Bitcoin price will always remain a topic of significant debate, as there are those who feel the cryptocurrency is undervalued, whereas others predict stagnation or even a decline. Several Bitcoin experts weighed in with their thoughts recently, and there are some interesting responses, to say the least. The Bitcoin Price Throughout 2016 and 2017
There have been some spectacular Bitcoin price predictions in the past, and even though the value per BTC has gone up significantly from 2010, there is still a lot of room for growth. At the same time, it is all but impossible to predict where the Bitcoin price will end up at, as there are so many different factors to take into account.
SpectroCoin CEO Vytautas Karalevicius stated: “I assume increase in turnover of daily Bitcoin transactions in dollar terms to raise 10 times, to half a billion USD a day (highly optimistic scenario that Bitcoin will catch PayPal in one year), so if current correlation between Bitcoin price and turnover perceives hence Bitcoin would cost between $1,800 and $1,900, but this estimate is very roughly and ignores a range of other factors.” Perhaps the most enthusiastic price point was indicated by ANX CEO Ken Lo , as he predicted a Bitcoin price of US$35,000 in the next twelve months. Keeping in mind how Bitcoin is struggling to reach the US$500 mark at the time of writing, such an exponential increase seems very unlikely. However, no one would mind seeing that price twelve months from now, though.
While other Bitcoin experts may not share Lo’s excitement, the majority of Bitcoin price predictions made is well above the US$1,000 mark. A lot of people seem to think the BTC price will explode in the coming months although there is no real indication of that happening. […]
