Every week, analysts, experts, and investors have their answer to what's next for the Bitcoin price. Chepicap takes a look at the most interesting pricing assumptions and opinions about the future of BTC, with this week's comments from Tim Draper, John McAfee, Arthur Hayes and 5 others.
Bitcoin … won't survive?
We're kicking this Bitcoin chart with some bummer … because Bitcoin won't survive in the long run. That's what Dash's CEO believes anyway. In an interview with Breaker, Ryan Taylor claimed that Bitcoin is like Betamex, suggesting that an altino can be VHS that kills Bitcoin. "The muzzle is not a solution. It is not an easy solution. Because they lack control, they have the inability to change and adapt to the market. People overestimate network effects … The parent product always wins." [1[ads1]9659004] Read more: Dash CEO claims "Bitcoin (BTC) will not survive long-term"
Not against … $ 4 million in sight
So on to the good news because venture capitalist Tim Draper believe that Bitcoin can beat $ 4 million a day. According to Draper, crypto inverters can darken fiat currencies. "So we look at about a thousand times what we have now." For Bitcoin, it means 4000 times 1000 = $ 4 million. We'll take it, Tim!
Read more: A Bitcoin will reach $ 4 million, says Tim Draper
Central banks come in?
] A catalyst for Bitcoin run from $ 4000 to $ 4 million can be … central banks! Garrick Hileman, Blockchain, head of research at the London School of Economics, believes that Bitcoin acts as digital gold. "The question is, who will buy digital gold? If central banks start collecting Bitcoin, it can be hugely affected by Bitcoin's price." Imagine that the US Federal Reserve and the European Central Bank are moving into the Crypto Course, stacking Bitcoin … According to Hileman, this can trigger an unprecedented wave of demand. Yummeh!
Read more: Will central banks accumulate Bitcoin? "Completely Implicit on Price"
But regulators still hate us …
Another catalyst for a Bitcoin bull run may be several rules in the cryptocurrency room. But governments are not concerned with implementing regulations that are also favorable to the room. CEO of CME Group Terry Duffy explains in an interview with Business Insider why regulators absolutely hate cryptocurrency at this point. "Governments can't run unless they can run on a deficit," Duffy says. "I'm trying to figure out why they would say," Sounds good to me because I want to be responsible and run everything on [an] themselves-for-yourself basis. I can't borrow anything. "
Read more: CME Group's chief executive on why regulators hate Bitcoin: It has a final supply
$ 10K in the fourth quarter!
Back to the Bitcoin Prize, because Draper's $ 4 million was not the only price prediction we saw last week, Bitmex CEO Arthur Hayes gave his opinion on Bitcoin's pricing exercise in 2019, saying he believes the BTC will beat $ 10K in Q4 in 2019. "It's a very significant psychological barrier. It's a nice round sexy number, "claims Hayes.
Read more: Bitmex CEO Arthur Hayes: Bitcoin to $ 10,000 in 2019
And $ 400K for 20 years!
Why do you hope for $ 10K when Bitcoin can easily beat $ 400,000 That's what galaxy digital CEO Michael Novogratz thinks The Bitcoin bull believes Bitcoin can easily beat gold's $ 8 billion. 100x of it. We're not going to get there in Bitcoin next year or two. But over a 20-year period, it might happen? Simple. Single. "
Read more: Can BTC beat gold 8 billion dollar market value? "Easy," says Mike Novogratz
Not an idiotic paradise, no
$ 400,000 is also a number that market analyst at Think Markets, Naeem Alsam, has eyes on. In a column in Forbes, the analyst argues that Bitcoin can eventually hit that goal. "This is because there is a high chance that the next bull run has a minimum potential to push the price 5 times higher. It's over $ 100K," says Aslam. "I personally think every Bitcoin can go up to as much as $ 400K And if history repeats itself, this number is not a stupid paradise. This is a simple mathematical calculation: Approximate percentage projection of the price we experienced during the last bull. "
Read more: Bitcoin can increase as high as $ 400,000
McAfee will NOT eat his …
Last but not least, of course, we must discuss the mother of all Bitcoin pricing predictions Since Draper said $ 4 million, John McAfee is $ 1 million, is not the highest bitcoin price anymore, but it is still bold (because of his private parts at stake). $ 4000 right now, McAfee thinks it's impossible for him to lose his bet. "There's not enough power on earth to stop Bitcoin in the long run. Relax and be patient. & # 39; Not too much patience, although John, the end of 2020 is approaching …
Read more: McAfee at $ 1 million Bitcoin prediction: "Impossible for me to lose me"
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