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Every week, badysts, experts and investors talk about the continuation of the bitcoin price. Chepicap takes a look at BTC's most interesting price forecasts and insights into the future, with this week's comments from Tim Draper, John McAfee, Arthur Hayes and 5 others.
Bitcoin … will not survive?
We start this Bitcoin overview with a bit of disappointment … because Bitcoin will not 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 altcoin could be the VHS that kills Bitcoin. "Lightning Network is not a solution.There is no easy solution.Because they lack governance, they are unable to change and adapt to the market. people always overestimate network effects … The top product always wins. "
Read more: Dash CEO says "Bitcoin (BTC) will not survive in the long run"
That's no problem … $ 4 million in view
So let's get the good news because venture capitalist Tim Draper estimates that Bitcoin can reach $ 4 million a day. According to Draper, cryptocurrencies can overshadow fiduciary currencies. "So we examine about a thousand times what we have now." For Bitcoin, that means 4000 times 1000 = 4 million dollars. We'll take that, Tim!
Read more: Bitcoin to reach $ 4 million, says Tim Draper
Central banks arrive?
A catalyst for Bitcoins ranging from $ 4,000 to $ 4 million could be … central banks! Garrick Hileman, Head of Blockchain Research at the London School of Economics, believes that bitcoin works like a digital gold. "The question is, however, who will buy digital gold.If central banks start to accumulate Bitcoin, this could have a huge impact on the price of Bitcoin." Imagine the US Federal Reserve and the European Central Bank entering the field of cryptocurrencies, stacking bitcoins … According to Hileman, this could trigger "an unprecedented wave of demand." Yummeh!
Read more: Will central banks accumulate Bitcoin? "Very impacting on the price"
But the regulators hate us again …
Another catalyst for a Bitcoin thunder race could be more regulations in the cryptocurrency space. But governments are not inclined to implement regulations that are also beneficial for space. Terry Duffy, CEO of the CME Group, explains in an interview with Business Insider why regulators absolutely hate cryptocurrency at this stage. "Governments can not run without a deficit," Duffy said. "I'm trying to understand why they would say," That sounds good to me, because I want to be responsible and do everything for the best. [an] even for itself. I can not borrow against anything. "
Read more: The CME Group CEO explains why regulators hate Bitcoin: the supply is limited
$ 10K in the 4th quarter!
Let's go back to the Bitcoin price because Draper's $ 4 million forecast was not the only price prediction we saw last week. Arthur Hayes, CEO of Bitmex, expressed his views on Bitcoin's price action in 2019, claiming that he thought BTC would reach $ 10K in the fourth quarter of 2019. " is a very important psychological barrier.It is a round and bady figure, "says Hayes.
Read more: Arthur Hayes, CEO of Bitmex: Bitcoin: $ 10,000 in 2019
And $ 400,000 in 20 years!
Why expect $ 10,000 while Bitcoin can easily reach $ 400,000? This is at least what the CEO of Galaxy Digital, Michael Novogratz thinks. The Bitcoin bull thinks Bitcoin can easily beat the $ 8 trillion dollar market capitalization. "And so, we are 100 times farther than that, we will not get there in Bitcoin here a year or two, but over a period of 20 years, could this happen? Easily."
Read more: Can BTC beat the $ 8 trillion market capitalization of gold? "Easily," says Mike Novogratz
Not a crazy paradise, no
Think Markets Senior Market Analyst, Naeem Alsam, also has $ 400,000. In a Forbes column, the badyst says Bitcoin can eventually reach this price goal. "This is because there is a good chance that the next uptrend has a minimum price increase potential five times higher. It's over $ 100,000." said Aslam. "I personally think that each bitcoin can reach $ 400,000 and if history repeats itself, that number is not a fool's paradise – it's a simple mathematical calculation: approximate percentage of projection of the price we experienced when the last bull ran. "
Read more: Bitcoin can reach $ 400,000
McAfee is not going to eat his …
Last but not least, we must of course discuss the mother of all Bitcoin price forecasts. Since Draper said that $ 4 million, John McAfee's $ 1 million is no longer the highest Bitcoin price forecast, but remains the most daring (due to its intimate parts at stake). McAfee believes it is impossible to lose its bet while Bitcoins are trading around $ 4,000. "There is not enough power on Earth to stop Bitcoin in the long run. Relax and be patient. Not too much patience if John, the end of the year 2020 is coming …
Read more: McAfee predicts a million dollars in Bitcoins: "Impossible for me to lose a bet"
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