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Last updated  :  | By Wojtek

5 most ridiculous Bitcoin predictions ever.

Every crypto-currency expert has his/her own opinion about the Bitcoin. People often say that, in the world of cryptocurrencies, all predictions are bad predictions. Today, in this article, I want to look at five of the most ridiculous Bitcoin predictions ever made in the past. I’ve done quite a lot of research for this article and found out something really interesting.

Here comes 5 crazy Bitcoin predictions:

$100000

Being a venture capitalist, Pishevar has invested in many companies including big names such as AirBnb and Uber. He has also called for Bitcoin to reach $100,000 by the end of 2021 via Twitter – “Bitcoin will be $100,000 by the end of 2021,” Pishevar tweeted, citing a recent conversation with Saylor. “Michael Saylor of MicroStrategy says there will be 40+ trillion crypto in circulation by end of 2021. That is 40,000,000,000,000 USD ($40 trillion). If that’s true, each bitcoin will be worth $100,000.”

$250000

Billionaire Tim Draper is still bullish that bitcoin will reach $250,000 by the end of 2022. The venture capital investor first predicted the cryptocurrency would be worth $10000 in four years back in 2014, when bitcoin’s price was around $400. Draper is a long-time advocate for bitcoin and has been investing in the cryptocurrency since 2013.

$318000

Thomas Fitzpatrick, a co-founder of the popular cryptocurrency exchange platform BitMEX, said he believes that bitcoin will be worth over $318,000 by 2022. In an interview with Bloomberg on November 15, 2018, Fitzpatrick said that he expects bitcoin’s price to reach new highs in the next few years. He explained that bitcoin will most likely hit $50,000 in the next year and then will continue to rise even further after that.

$500000

The Winklevoss Twins, Cameron and Tyler Winklevoss have predicted that the bitcoin value will hit $500,000 by 2030. The twins are the first investors in Facebook Inc. They have been investing in Bitcoins since 2012, when they bought $11 million worth of BTC at less than $10 per coin.

$1000000

Wences Casares, the founder of Xapo, a highly respected Silicon Valley bitcoin wallet company, says that bitcoin will be worth $1 million by 2027. Casares made this statement during an interview with the FOX Business Network (FBN). He predicts that bitcoin could hit such a high value because it is like gold and can be used as a store of value.

Bitcoin is hugely controversial because of its potential for facilitating illicit transactions and money laundering. But new investors don’t seem to care about the controversy. They see only the promise of big gains in bitcoin’s future. While many have tried to figure out a way to predict the price of bitcoin, it’s a particularly tough problem. After all, bitcoin is a new and highly volatile asset class, and there’s no historical data with which to compare it.

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