Bitcoin Price Predictions 2020: Best BTC/USD Value Forecasts
Homewood, IL - ( NewMediaWire ) - July 30, 2020 - Bitcoin, Bitcoin, ₿itcoin. Where to start with the world’s first, most secure, decentralized blockchain-based cryptocurrency asset in the world. There are so many intimate intricacies about the beloved (and unjustly hated at times) Bitcoin, but nothing attracts all the investors, traders, and financial investors to the crypto yard quite like the live, real-time bitcoin price.
There are many places online to find the today’s Bitcoin price and the latest BTC/USD exchange rate value changes, but what is most interesting and intriguing about the emerging cryptoasset industry are the bitcoin price predictions. Below is a 2020-updated research guide that details the wild ride of the current year BTC in USD price along with a round-up of all the top cryptocurrency analysts and blockchain experts top bitcoin price predictions in the new decade.
Before getting started in the top bitcoin price predictions to be aware of in 2020, click here to check out the Investment of the Decade where one of the world’s most trusted cryptocurrency experts outlines why blockchain stocks and BTC will be the best performing asset class in the 2020s.
Bitcoin Price Predictions Round Table: Here’s What Experts Are Forecasting Moving Forward
While there is so much bitcoin news to digest on a daily basis, and 2020 has been one heck of a ride, as people across the globe juggle between unemployment and taking precautionary measures to protect themselves from COVID-19. Even the stock market took a big hit, but one silent winner poised to continue upwards is Bitcoin (BTC).
While volatility in cryptocurrencies is a whole different topic of discussion, it is quite inviting to think that maybe, some industry experts were right in predicting that BTC could potentially hit 5 to 6 figures by year-end. With that in mind, here are some of the predictions made regarding BTC’s performance for 2020 and beyond. This will give investors a better idea as to whether more should be purchased or sold.
This bitcoin price prediction review will analyze all of the newest and latest (even greatest) BTC/USD exchange rate value forecasts of this calendar year and outline key resources on how to stay ahead of the curve as to how to tap into what the top crypto experts and blockchain insiders have to say about where the price of Bitcoin is going in 2020. For the record, some have even called Bitcoin and Blockchain Stocks the Investment of the Decade that is worthy of checking out as well.
Bloomberg Analyst Sides with BTC’s advantages, Forecasts $20,000 by year-end 2020
In last month’s issue of Bloomberg Crypto Galaxy Index, the analyst argued that a major flaw in BTC would be the only way for it to lose traction, otherwise, investors should be welcoming it. In fact, they went as far as noting that:
- BTC has an advantage over others in the same asset class (i.e. gold, commodities, crude oil, etc.)
- Favoritism for cash continues to decline amidst COVID-19, as many businesses stopped taking cash
- Usability of BTC is becoming more attractive
Most of all, it was reasoned that every time BTC declined in volume, it overcame and increased in value compared to previous years. As per their quotes:
“After 2014’s 60% decline, by the end of 2016, the crypto matched the 2013 peak […] After the almost 75% decline in 2018, Bitcoin will approach the record high of about $20,000 this year, in our view. “
As interesting as this observation is, it is critical to ask ourselves whether one historical event suffices to predict what will happen this year.
While major cryptocurrency news websites like CoinDesk, CoinTelegraph, Bitcoin Exchange Guide, Crypto Slate and many others help detail and fulfill the necessary void of covering all the innovative developments within the industry, the real time bitcoin price is what excites everyone about its future potential as programmable money.
Here is a list of the most reputable cryptocurrency influencers in the space that have all shared their best 2020 bitcoin price prediction.
Founder of Heisenberg Capital, Max Keiser Forecasts $100,000
Bitcoin pioneer and founder of Heisenberg Capital, Max Keiser recently took to his social media account to share his thoughts on a $100,000 BTC value. He led a relatively long thread on Twitter by simply saying:
“$28,000 is in play before we see a pullback – and then we’re headed to 6-figures.” This confidence comes after the giant surpassed $10,000 and remained that way for some time now. As for whether this prediction will be fulfilled by 2020 year-end, the expert did not set the specifics straight.
Interestingly, many people have since highlighted the fact that the devaluation in the USD might be responsible for this. In fact, gold and silver have also gone up in value. Thoughts? Let’s continue on to some of the most recent bitcoin price predictions in 2020 before heading off to CoinMarketCap to check the daily changes and fluctuations.
To get in the ground floor of the world’s most sought crypto advisor, click here to see the number one bitcoin investor’s bullish forecast on why the next crypto market rally will leave the old all time highs in the dust.
Citibank Forecasts $120,000 by 2021 Based on Select Indicators
An interesting forecast was that of financial institution, Citibank, as it predicted $120,000 by 2021. So, what are these breaking points that need to be battled? The true test for Bitcoin will be at a price of $13,850, and if it succeeds, it’s straight to the moon from there.
Another prediction based on the moves made in 2016, Citibank disclosed that similar trends were witnessed this year. Moreover, the institution shared:
“Initial good resistance is met at $10,500 – $10,820. If that gives way, the next good level is $13,850, and above there, $19,511. If $19,511 was to give way, well, the chart speaks for itself.” By “the chart speaks for itself”, Citibank insists that BTC can reach as high $120,846.80.
That is quite a staggering BTC price prediction to consider, and that is why many people online now seek to earn bitcoin versus only buying it.
Ki Young Ju Forecasts Downhill Trend to Come as “BTC price went up too fast”
After some positive predictions comes one from crypto analyst and CEO of Crypto Quant, Ki Young Ju, who also took to Twitter to share his BTC devaluation prediction. In fact, he believes that BTC’s price shot up in such a short period of time, which is a statement that even the whales allegedly stand by. In what ways are whales agreeing? It turns out that many are slowly selling their holdings so that they can take advantage of the current BTC value.
Panxora Forecasts $7,000 BTC by 2020 Year-End and ATH in 2021
In an email exchange between Forbes and the CEO of Panxora (i.e. a crypto analyst company), Gavin Smith, the latter expressed ongoing volatility until the end of 2020. Hence, he believes that its current value will drop to as low as $7,000. However, following suit will be the year of an all-time high (ATH) for the giant. His reasoning seems to align with that of the CEO of Crypto Quant, leading the expert to share that:
“A short term washout [will happen] this year before the true rally takes hold [in 2021].” To add more to this, he said, “the markets are pulled on the one hand by the inflation hedge story driving bitcoin higher while at the same time the global economy is suffering a massive demand shock with the potential to drive bitcoin lower.”
S2F Forecasts $55,000 BTC by 2020 Year-End based on May 2020 Halving’s Predicted Value
The Stock-to-Flow (S2F) Model appears to have come up with the $55,000 prediction based on May 2020’s halving event and its related prediction. In particular, the creator behind S2F stated that:
“The predicted market value for Bitcoin after May 2020 halving is $1trn, which translates in a Bitcoin price of $55,000,” further adding that, “gold and silver, which are totally different markets, are in line with the bitcoin model values for SF.”
Aside from the aforementioned, S2F went on to support an increase in value thanks to the scarcity of BTC and how an upward trend in growth is all it takes to see this prediction come true.
Elliot Wave Forecasts a Measly $3,000 BTC by 2020 Year-End
Although it is a disputed indicator, Elliot Wave Theory is still commonly used by many analysts. When it comes to bitcoin prices, many are still quite reserved in interpreting the results. However, it seems like analysts have recently caught on to an Elliot Wave pattern witnessed in April 2020. Consequently, they are confident that there will be a correction by the 2020 year-end. Depending on how long BTC spends in this supposed bear wave, once challenged and defeated then it will enter the bull wave.
As one can see, this bitcoin forecast was not a very bullish BTC price prediction in comparison to some of the more extreme end of the spectrum numbers that are being tossed around by the industry’s most followed individuals. Here is the next one up that thinks the price will be lower than it currently is after reaching over $11,000 BTC/USD for the first time in 2020.
TradingBeast Forecasts $8,000 to $9,000 BTC by 2020 Year-End
Educational platform designed to help individual traders learn how to responsibly trade, TradingBeast forecasted that BTC will hit $8,000 by the 2020 year-end. This prediction was shared back in March of 2020 and it seems like their expectations aren’t any higher. To be more specific, they’ve readjusted the amount to about $9,000.
Technical Analysts Foresee Bullish Event for BTC Right Until 2020 Year-End
Technical analysts are forecasting a bullish event as the giant passes multiple indicators. FX Street was referenced stating there really is no reason for a bear market, as “[Bitcoin] has next to no barriers.” They further added that that BTC managed to break free from the $10,000 mark, which shows how the crowds are reacting to it. As per FX Street’s Tanya Abrosimova, “The way to the upside is a path of the least resistance now.”
Crypto Research.Report Forecasts $20,000 by 2020 Year-End
In last month’s issue of the Crypto Research.Report, investors were informed of an optimistic price of $20,000 by the 2020 year-end. In fact, the team is confident and has since predicted a little under $400,000 ten years from now followed by Ethereum’s $3,644 and BCH’s $13,000. Imagine what the crypto world will be like ten years from!
Co-Owner of the Golden State Warriors, Chamath Palihapitiya Forecasts $1 Million by 2037
Having invested in Bitcoin in as early as 2012-2013, Palihapitiya trusts that it will have a value of $1 million by 2037. Why? Why wouldn’t he, as he is widely acclaimed as an individual who once held 5% of the total BTCs in circulation. Aside from that, he strongly stands by BTC for its store-of-value and hedge value.
Founder of Xapo, Wences Casares Forecasts $1 Million by 2027
Founder of a bitcoin wallet called Xapo, Wences Casares believes that one BTC will be worth $1 million by 2027. Having come to terms with the existence of BTC in a time where the Argentina currency was heavily fluctuating, he’s been standing by the digital currency ever since. As for the reasons behind his prediction, not much has been shared besides his support.
John McAfee Forecasts a Whopping Range of $500,000 to over $2 Million BTC by 2020 Year End
McAfee is a personality that one wouldn’t want to reckon with, as his predictions have been wild. In fact, in September of 2017, he predicted that BTC would hit $500,000. Given its current value and that there’s still five months to year-end, it might be possible. However, if one were to consider how realistic $500,000 is by year-end, they are likely to doubt it and to think that he sees BTC reaching over $2 million is definitely thought-provoking. Just bear in mind that his predictions were wrong before!
The Winklevoss Brothers Forecast a $5 Trillion Market Cap within 2028 and 2038
The twin brothers behind Gemini seem to have set their forecasts in terms of the market cap, namely $5 trillion by the end of 2038. Their stance on this has been backed by their belief that BTC will become the next gold.
Crypto Trader, Mike Novogratz Forecasts a Market Cap Greater than Gold’s within 2029 and 2039
Crypto trader, Mike Novogratz trusts that BTC’s market cap can easily exceed $7.5 trillion within the next 10 to 20 years. He affirms that with time, the technology aspect of the digital currency will be simpler to implement and soon enough, bitcoin lending could become a thing.
Co-Founder of Fundstrat, Tom Lee Forecasts $91,000 BTC by 2020 Year-End
Tom Lee is a figure that many seem to stand by simply because he accurately predicted that BTC would hit a price near the $20,000 ranges, which it did. He even noted that it would be short-lived and how 2018 would be a complete bear market, which also came true.
As for his 2020 prediction, he trusts that it will be sitting at about $90,000 by year-end. This has been backed by an approach he’s taken, where the average of the percentage gained after each dip was calculated.
Tai Lopez Foresees a $60,000 BTC Value, When Remains the Question
Tai Lopez appears to be fixated on the fact that institutional money is all it takes to get BTC up and running in value. In fact, he trusts that this alone can help increase BTC’s price to $60,000 in the months or even years to come.
Saxo Bank Analyst Stands by His Forecast of $100,000 BTC by 2027
Saxo Bank Analyst, Kay Van-Peterson predicted that BTC will be valued at $100,000 by 2027. When was this shared? That’s right, in 2017, and on what basis? At the time, he was referenced stating:
“First off, you could argue we have had a proper correction in bitcoin, it has had a 50% pull back at one point, which is healthy. But we have still not seen the full effect of the futures contracts.”
Lightspeed Venture Partners Exec Jeremy Liew Forecasts $500,000 BTC by 2030
As reported by Business Insider in 2017, where the news outlet disclosed both Jeremy Liew’s and Peter Smith’s viewpoint on BTC’s value, the duo see Bitcoin exploding to $500,000 (that is assuming they hold the same viewpoint today). Here’s a summary of what the duo believed at the time:
“Network users will grow by a factor of 61 until 2030 […] the average value of bitcoin held per user will hit $25,000 […] Bitcoin’s 2030 market cap is decided by the number of bitcoin holders multiplied by the average bitcoin value held […] Bitcoin’s 2030 supply will be able 20 million [and] Bitcoin’s 2030 price and user count will total $500,000 and 400 million respectively.”
Founder of Morgan Creek Capital Forecasts $400,000 BTC Based on “Just Math”
Founder of Morgan Creek Capital, Mark Yusko predicts that BTC will reach $400,000 over the long haul, based off of “just math” that it will one day be equivalent to gold. In particular, he argued that if there are 20 million bitcoins and the market cap for gold is $8 trillion, then each BTC will carry a value of $400,000. In other words, Yusko is hopeful that BTC’s market cap will hit $8 trillion at some point.
Roger Ver Forecasts $250,000 BTC Without a Timeline
Another figure who’s been by BTC since its existence is Roger Ver. Ver trusts that the giant will one day carry a value of at least $250,000. When? Only time will tell, but he made this prediction back in 2015 and it doesn’t look like he’s backing down now.
Anthony Pompliano Foresees $100,000 BTC Value in the Making, Due 2021
Founder and Partner at Morgan Creek Digital, Anthony Pompliano predicts that BTC will carry a value of $100,000 by 2021, which he predicted February of this year.
A lot of interesting viewpoints have been shared by some of the renowned experts within the crypto space. Each side seems to have a valid argument in store, which makes it all the more interesting to see what’s about to unravel near the end of 2020. Currently, those who see a bullish event are playing tug of war with those who foresee a bearish event. Which side will have it their way? Let the countdown begin!
Thanks to the bitcoin news sites and cryptocurrency analysts who helped lead this updated bitcoin price predictions list for 2020:
This bitcoin price prediction 2020 list will continually be updated so check back on the latest BTC in USD exchange rate value forecasts and be sure to find a great source for staying locked in and tapped into the live real-time bitcoin price as the world’s top-ranked cryptocurrency asset has endured over 4,200 days straight so far since Satoshi Nakamoto first released the Bitcoin Whitepaper (officially on October 31, 2008 and the Bitcoin Network Software on January 3, 2009), along with three successful halving events already (one in November 2012 which brought the current bitcoin mining rewards from 50 BTC to 25 BTC, then the second one in July 2016 which brought the bitcoin mining coin rewards from 25 down to 12.5 BTC, then finally the one that just happened in May 2020 that saw the BTC mining network only produce 6.25 bitcoin per 10 minute block interval.
All of these factors will keep influencing the price of bitcoin in 2020 and beyond. Be sure to stay in the loop and keep tabs on the movers and shakers in the blockchain and cryptocurrency space as the era of decentralized finance is upon us and Bitcoin, along with its BTC price predictions, are fundamental to its growth as user adoption and awareness continues to reach all time highs.
Click here to see why Blockchain Stocks and Bitcoin investing is considered the Investment of the Decade and why so many of these bitcoin price predictions may actually come true in the coming months and years.