How High can Bitcoin Prices Go? Our Scientific Guess… $2,456
Just how high can bitcoin prices go?
Almost one year ago 56% of Bitcoiners believed that the price of one Bitcoin will reach $10,000 in 2014. That was according to CoinDesk. Business Insider’s Henry Blodget thinks Bitcoin could hit $1 million. At the end of February, we ran an article that tried to answer “How high can bitcoin prices go?”
The sage of Omaha
Warren Buffet thinks Bitcoin is not a currency and is just a mirage while Nouriel Roubini thinks Bitcoin is a ponzi scheme. What gives? Bitcoin’s volatility in recent weeks had investors wondering pretty much the same thing. We turn to prominent personalities in bitcoin for their take on the matter.
Chris Dixon, a partner at Silicon Valley venture capital firm Andressen Horowitz says the price of bitcoin will skyrocket if it becomes the primary payment mode on the internet.
“I think it could be easily worth $100,000,”
With thousands of brick and mortar retailers and online businesses both big and small starting to accept bitcoin for payment, increased liquidity of the currency is expected to bring down the volatility.
Why You Should Give a Damn About Bitcoin
FoundersGrid compiled a list of 50 revelations (guesses) in February of how much influencers in the space expected Bitcoin to be trading at by the end of 12 months. Here are a few results we wanted to share.
Ken Lo, CEO of ANX responds:
I’m going to go out on a limb and say 35,000 USD/BTC. This is based on the assumption that all exchanges and measurements will move to mBTC as the de facto denomination rather then BTC at the moment.
Adrian, Founder of SatoshiBet responds:
Anywhere between $1,000 to $5,000
Rodolfo Novak, Founder of Coinkite responds:
Vitalik Buterin, Star developer and Co-founder Bitcoin Magazine responds:
Low thousands seems reasonable. It will never again grow as fast as it did in 2013, but I think there is still quite a bit of progress to go.
Flavio Rump, Co-Founder of Bitcoin Pulse responds:
My estimate is around $3,000–$4,000
Simon Edhouse, Managing Director of Bittunes responds:
My guess would be somewhere around $2,200 to $3,400… maybe. I think it will dip up and down, but competition from other currencies, (and ones that do certain jobs better than Bitcoin) will hold back its steady rise.
Peter Seed, CEO of Tradefor responds:
Antony, Business Development at itBit responds:
Depends on Wallstreet and Regulators.
John Delono, Founder of Bitcoin Reviewer responds:
Bitcoin is very unpredictable, but if I had to take a guess, I would say $10,000 per coin.
Eddy Travia, Co-Founder of Seedcoin responds:
Aaron Williams, Founder of Atlanta Bitcoin responds:
Michael Dunworth, CEO of snapCard responds:
Daniel Mross, Director of The Rise and Rise of Bitcoin got it wrong already. He responded:
1 BTC = $2,860.23 on Jan 20, 2015 12:38AM…
Here is a cool tool that measures Bitcoin volatility: The Bitcoin Volatility Index