Bitcoin and Cryptocurrency Price Predictions

Bitcoin price predictions – short-term or long-term, we all would love to know where the Bitcoin price and cryptocurrency prices, in general, are headed. Many Bitcoiners are bullish while some onlookers are less optimistic.

NOTE: This article is updated continuously with new predictions and insight as to where the Bitcoin price is headed.



Tim Draper, American venture capital investor, confirms his Bitcoin prediction at the Web Summit tech conference in Lisbon which ended on the 8 November 2018

My prediction for $250,000 by 2022 – maybe 2023 but in that range – is absolutely solid, but I’m not so sure how we’re going to get there.






Latest from Michael Novogratz on Year-End Bitcoin Price Target:


Bitcoin has to take out $6,800, and after that we could end the year at $8,800 to 9,000,” Novogratz told Financial News. By the end of the first quarter [of 2019], we will take out $10,000. And after that, we will go back to new highs — to $20,000 or more.”


Previously Weiss Ratings commented on the bear market:



Bitcoin Price Bulls came out fighting ahead of 10 Year Anniversary – The bitcoin price is up 10.6 million percent since CoinDesk began tracking it back in July 2010 — rising from 0.06 cents to mid $6000 in the past 8 years.


Bitcoin’s 10th year anniversary – New era of Technological Innovation and Global Disruption


We are getting close to ETF approval time at the SEC with numerous ETF’s hopeful.  The US Securities and Exchange Commission (SEC) commissioner Elad L. Roisman, representatives from SolidX, VanEck, and CBOE presented five major reasons why the commission should approve the Bitcoin exchange-traded fund (ETF) filing of VanEck and SolidX.


VanEck was first to file for a 40-Act Bitcoin ETF; SolidX among the first for a physically-backed bitcoin ETF


VanEck, a New York investment management firm founded in 1955 with decades of track record in the traditional finance sector and hundreds of ETFs filed under its name, outlined the following points the SEC should consider in approving its Bitcoin ETF:

  1. There now exists a significant regulated derivatives market for bitcoin
  2. Relevant markets – CBOE, bitcoin futures, OTC desks – are regulated
  3. Concerns around price manipulation have been mitigated, consistent with approval of prior commodity-based ETPs
  4. CBOE’s rules are designed to surveil for potential manipulation of Trust shares
  5. Promotes investor protection


As reported by Coindesk, the ETF’s proponents shared a similar presentation with Roisman that they had previously presented to the SEC, noting that if approved, the ETF share price will be roughly $200,000, or 25 bitcoin per share. The Trust holding the bitcoin will also be insured against the loss or theft of the bitcoins.


Should the first ETF be approved, this will put a fire under the Bitcoin price and cryptocurrency market as a whole.



Top wall street adviser, Ric Edelman has just thrown his weight behind Bitcoin, the video below explains. 





The latest Bitcoin price predicted to be “significantly higher” by year-end says Bitcoin Bull, Mike Novogratz.




Even though the price of Bitcoin is down from last year, some industry officials aren’t waiting for the next spike in investor demand to launch a campaign targeting federal lawmakers and regulators interested in cryptocurrencies.   Read more here


In an interesting turn of events, a U.S. Judge Says Initial Coin Offering is covered by Securities Law driving the price of Ethereum down as many ICO’s are built on the Ethereum network.  Read more 


Early in September 2018, Bitcoin and cryptocurrency prices took a major hit with every coin turning red.  It could have been attributed to the news that Goldman Sachs has halted plans for a Bitcoin trading desk.  Now the CFO, R. Martin Chavez, says that is ‘FAKE NEWS!



The Bitcoin price plummeted on 5 September dropping 13% into 6 September.  What could have driven this fall?  Let’s hear from Mich Steves, this interview was recorded prior Goldman Sachs CFO stating that “putting a stop to their plans for a Bitcoin trading desk” is FAKE NEWS:-



Or could it be a Silk Road sell off?  $800million Bitcoin wallet sees a mysterious movement of Bitcoin to various exchanges – Read more


The crypto market continues to be volatile.  If you are in the market for the long run, look at the fundamentals vs the movement of the short-term price.  The fundamentals are turning positive – daily Bitcoin transactions are increasing, unconfirmed transactions have declined dramatically and the Bitcoin network hash rate and difficulty continue to post record highs, pushing mining profitability toward record lows making the network is more secure than ever.  Bitcoin continues to be discussed on mainstream media creating awareness and, ongoing adoption in Asia, and emerging markets Turkey, Venezuela, and Argentina, out of necessity due to hyperinflation.


Considering the positive changes in the fundamentals, it is possible some of the Bitcoin price predictions below could be reached.



STATIS Group believes Bitcoin will reach $96,000 within the next five years.  The key takeaways from the report are as follows:

We estimate the amount of cryptoasset market value needed to support economic activities to expand from ~$500B next year to $3.6T in 2028 • 90%+ of cryptoasset value will be derived from penetration of offshore deposits in the next decade

• Currency and Privacy networks will be the largest beneficiaries, as most fundamental value will stem from store of value use cases

• Upside (5-yr) In BTC ($96k), XMR ($18k), and DCR ($535), cryptoassets which apply unique value propositions within deep and viral markets

• Downside in BCH ($268), and cryptoassets which attempt to inherit brand recognition and provide minimal technological advantage to incumbents

• Little value in XRP ($0.01), and cryptoassets which are misleadingly marketed, not needed within their own network, and have centralized ownership/validation


Click here for the full report



Tom Lee from Fundstrat has been studying the market and shares what he believes are the market indicators, while crypto experts are saying this could be the end of the bear market.




Crypto experts are saying that this could be the end of the bear market?  Hear their expert opinions:-




The latest Bitcoin price prediction by Bitcoin Veteran Bobby Lee is that Bitcoin will hit USD$77,000 in the next couple of years.  He explains in the video interview below.




According to Bobby Lee:-

Most common mistakes with Bitcoin investing: 1) Indecisive to buy 2) Not buying enough 3) Sell after small gain 4) Sell during panic crash”



So, are the very bullish Bitcoin price predictions attainable?  Many believe so, but in the interim, Bitcoin ETF’s are still not being approved by the SEC – will the approval of the first Bitcoin ETF be the catalyst to take the Bitcoin price to these levels?  Latest is that the SEC will review its recent rejetion of 9 ETF’s.  Brian Kelly from CNBC’s Fast Money breaks it down.



August has been an interesting month for Bitcoin. The crypto market took a hammering in the third week of August, the price of Bitcoin plunges below $6000 on 14 August, with all major coins in the red, only to push to over $6300 a few hours later.  Morgan Stanley’s Mike Wilson says there is a correction imminent. Bitcoin spiked almost $400 in an hour to a two-week high on 22 August, but only to trade down a few hours later. Bitcoin is still down approximately 66 percent from a record price just short of $20,000 during December 2017.


More volatility is expected, hold on tight.


Some crypto enthusiasts are buckling under the strain but on a positive note, Coinbase CEO Brian Armstrong told Bloomberg “Now it’s getting harder and harder to be a crypto skeptic”


This technology is going through a series of bubbles and corrections, and each time it does that, it’s at a new plateau,” Armstrong said Tuesday. “People’s expectations are all over the map, but real-world adoption has been going up.”

The Xapo President, Ted Rogers, tweeted a warning in response for altcoins / ICO’s.




The crypto crisis is building toward a major rally says Meltem Demirors in an interview with CNBC’s Fast Money.


Dan Pantera, CEO of Pantera Capital, still hugely optimistic and betting on Bitcoin says “Don’t hold your breath” if you are waiting for a Bitcoin ETF.



But… we know Bitcoin is volatile in the short term so Bitcoin Believers need to “Just keep believing” as Bitcoin dominance creeps up in the crypto market showing a reaction to the positive news around Bitcoin lately.  Something else to consider…. the Bitcoin Misery Index.  What is that?  Here is the answer from Tom Lee, Fundstrat.



“Buckle in because this is the biggest bitcoin news of the year,” says optimistic Brian Kelly.  This was after the Intercontinental Exchange (ICE) announced that it plans to form a new company, called Bakkt, which will leverage Microsoft cloud solutions to create an open and regulated global ecosystem for digital assets.  Other experts weigh in “The Future is Bright!”



So, what are the latest Bitcoin Price predictions?



Is the Bitcoin bull run almost here? Almost many believe… however, the Bitcoin price took a small adjustment downwards as news of the Winklevoss ETF was rejected by the SEC.  On 26 July 2018, news of the ETF rejection caused the price to dip slightly below $8000, however, the price recovered again a few days later, only to tumble again.  As reported by CoinDesk, SEC Commissioner Hester Peirce wrote a dissension to the decision, saying she believes “the proposed rule change satisfies the statutory standard and that we should permit BZX to list and trade this bitcoin-based exchange-traded product (‘ETP’).”


There are numerous other ETF’s waiting for approval by the SEC and even though an approval now would most probably have boosted the Bitcoin price, experts have predicted ETF approvals could come in 2019.  Are ETF’s inevitable… a waiting game. Read more here – Winklevoss twins Bitcoin ETF rejected by SEC



Bitcoin Prices Could Hit $500,000, Says Hedge Fund Manager Mark Yusko


Bitcoin is volatile and we see gains and losses along the way …



The Bitcoin price is predicted to hit $700,000 according to John Pfeffer, a partner at his London-based family office Pfeffer Capital.  Whether the Bitcoin price hits this level or not, Pfeffer says “As an investor, what interests us most at this point is that Bitcoin might become the dominant non-sovereign currency.”  Considering this possibility alone is enough for him to make “a small, venture capital-style, buy-and-hold long-term bet on” and follow the strategy “Buy the ticket, take the ride.”


Bitcoin and cryptocurrency price predictions have made headlines in mainstream media since the start to the 2017 bull run which led Bitcoin to the level of $19,345 mid-December pulling many altcoins (cryptocurrency that is not Bitcoin) prices to all-time-high levels. 


See live cryptocurrency prices here:



Updated Bitcoin price and predictions:

Bitcoin Price Hits Two-Month High as Dominance Rate Spikes

Billionaire Investor Marc Lasry: Bitcoin Can Soon Hit $40,000 as Trading Becomes Easier

Bitcoin hasn’t bottomed yet, says crypto trader who predicted it could reach $50,000 by year’s end

Assessing cryptocurrency with Yale economist Aleh Tsyvinski


During the latter part of 2017, excitement in the crypto market was fever-pitch resulting in FOMO (Fear Of Missing Out) and adding some craziness to the market. No doubt many traders took profit off the table as investors and speculators were prepared to buy on credit or mortgage their homes just to “get in”.   


According to consumer group LendEDU, a whopping 18% of people purchased their cryptocurrency with a credit card but most disturbing is that 22% had not paid off their card balances and 70% argue that the interest they’re paying on that credit card debt is worth the price of owning Bitcoin.  Even more concerning, 88% of the survey respondents say they plan to pay off their credit card by selling their Bitcoins.  Some banks have since issued statements that they will not support cryptocurrency purchases on their credit cards.


Unfortunately, these new levels were not supported and after 17 December 2017, Bitcoin and cryptocurrency prices started to falter leading into the new year, 2018. The Bitcoin and cryptocurrency prices continued to fall during the first six months of 2018, despite expert opinion that Bitcoin is not dead yet unstoppable in its rise to much higher levels.  Some Bitcoin price predictions are $1million over the longer term and $22,500 or $60,000 by the end of 2018.  Who predicted what?  See below…


Before you carry on reading… watch this real-life Bitcoin Success story.  This could be your Crypto Success story too! Do you want to Start now?



Updated News Headlines:

Congressional Hearings – Commentary from Crypto and Blockchain experts

Barclays, 300 Year-Old UK Legacy Bank, Files Crypto Patents

Mastercard Wins Patent for Speeding Up Crypto Payments

Coinbase Says It Now Has Regulatory Approval to List Security Tokens

Blockchain Evolutions in Switzerland: Voting and Banking

eToro on #CryptoCongress: Laws Will Have Global Impact, Regs Need to Hear Global Perspectives


Related:  What is Bitcoin


What do the so-called “experts” predict?



Of course, not everyone is bullish, there are always the bears…


Jamie Dimon, JPMorgan Chase CEO, issued a very controversial statement in October 2017.  As reported by Coindesk, Dimon said that Bitcoin is a “fraud” and that bitcoin buyers will “pay the price” if they are “stupid enough to buy it.”  He has since said he regrets calling Bitcoin a “fraud” but is still not a fan of the cryptocurrency. He told Fox Business in 2018 “The bitcoin to me was always what the governments are gonna feel about bitcoin as it gets really big, and I just have a different opinion than other people. I’m not interested that much in the subject at all.”.


Other financial gurus have weighed in stating that “Bitcoin is in a bubble” after witnessing Bitcoin’s meteoric rise in 2017.


Jeremy Grantham of investment management firm GMO, told CNBC “Historical analogy suggests this junior bubble, by size, may well crash and burn even before the broad market peaks”.  


“As you can see, Bitcoin dwarfs even the legendary South Sea Bubble! Having no clear fundamental value and largely unregulated markets, coupled with a storyline conducive to delusions of grandeur, makes this more than anything we can find in the history books the very essence of a bubble.” reported CNBC



The Essence of a Bubble” graph – Bitcoin peaked last quarter of 2017 and fell in the first six months of 2018.  

Source: Philip Pilkington, via Grantham via CNBC






CryptoCompare graph – 12 months from August 2017 to July 2018

This is what happened with the Bitcoin price in the first 6 months of 2018


Live Bitcoin price chart – 1 YTD:


Related: How to make money with Bitcoin (Guaranteed)


Allianz Global Investors warned in March 2018 and that the Bitcoin Bubble is about to burst.


“So is this the end of the hype about Bitcoin as the future of global currencies? Probably not yet, since speculation in Bitcoin and similar instruments appears set to continue for some time. Yet from our perspective, Bitcoin has serious flaws: its trajectory resembles a textbook case of a financial-market bubble, and it is lacking several key qualities that would qualify it as a currency.” stated Stefan Hofrichter, head of global economics and strategy.



A Bitcoin bubble? Some say that bubbles are not necessarily bad


One of the biggest Bitcoin bulls on Wall Street, hedge fund manager Mike Novogratz said “This is a bubble and there is a lot of froth. This is going to be the biggest bubble of our lifetimes!”  He went on to state “Bubbles start around ideas that are often right” as reported by Bloomberg.  Novogratz predicts Bitcoin will end on $40,000 in December 2018



Michael Novogratz calls himself “the Forrest Gump of Bitcoin,” and very bullish on cryptocurrency.


So, who are the Bitcoin bulls…



Heading this list is John McAfee who believes Bitcoin is headed to $1 million.  

On 17 July 2017, McAfee predicted that 1 Bitcoin will be worth $5,000 by the end of 2017 – he was wrong. Bitcoin’s price hit a high of $19,345 on 17 December 2017 and closed the year at $13,850 according to CryptoCompare stats. McAfee previously claimed that Bitcoin will reach $500,000 by the end of 2020 using the same prediction model.  When the Bitcoin prices rose much faster than he predicted, McAfee changed his prediction to $1 million by 2020.






McAfee Bitcoin Price Prediction Tracker

How is the McAfee prediction lining up?







Vinny Lingham aka “Bitcoin Oracle” because of his successful predictions of the value of Bitcoin, believes Bitcoin only have 0,25% chance of reaching $1 million.  


Since the UAHF (User Activated Hard Fork) of the Bitcoin blockchain on 1 August 2017 which formed Bitcoin Cash, Vinny Lingham told CNBC that Bitcoin as a “store of value” would be outpaced by Bitcoin Cash’s adoption as a peer-to-peer cash system.  These are two different markets with Bitcoin the better choice for investors, and Bitcoin Cash as a payment system.  Learn more about What is Bitcoin Cash




The Winklevoss twins, Cameron and Tyler, are extremely bullish about Bitcoin.  As Bitcoin reached the highs of December 2017, the Winklevii became Bitcoin Billionaires.

In a statement to CNBC in February 2018, the Winklevoss twins said  “Taking bitcoin in isolation… we believe bitcoin disrupts gold. We think it’s a better gold, if you look at the properties of money. And what makes gold gold? Scarcity. Bitcoin is actually fixed in supply so it’s better than scarce… it’s more portable, its fungible, it’s more durable. It sort of equals a better gold across the board. So, if you look at a $100 billion market cap today, now last week it might have been more like 200, so it’s actually a buying opportunity, we think that there’s a potential appreciation of 30 to 40 times, because you look at the gold market today, it’s a $7-trillion market. And so a lot of people are starting to see that, they recognize the store of value properties. So, we think regardless of the price moves in the last few weeks, it’s still a very under-appreciated asset”



Reddit co-founder Alexis Ohanian predicts the bitcoin price will reach $20,000 before the end of the year – watch the video below to hear what he has to say.


Alexis Ohanian on crypto and blockchain in VC from CNBC.



Max Keiser, the host of Russia Today’s Keiser Report, believes that Bitcoin will reach a price of $100,000.  Keiser says that Bitcoin’s ability to survive numerous changes and countless altcoin competitors proves it is the most dependable cryptocurrency

“Bitcoin will dominate and lead crypto going forward. Hundreds of obituaries have been written about Bitcoin and none of them have come true and none will. Fact is, Bitcoin is a gift from God to help humanity sort out the mess it has made with its money.”





Phillip Nunn, CEO of The Blackmore Group and Wealth Chain Group predicts $60,000 by end of 2018.  Nunn states “The reality is we’re moving from an internet of information to an internet of value… It’s going to disrupt everything; money, record-keeping, legal. The prediction was based on, first of all, market volatility which we’re experiencing at the moment; I think that’s really apparent. I absolutely stand by my prediction.”



Related:  How to make money with crypto


Even though the Bitcoin and Cryptocurrency market has slowed down during the first two quarters of 2018, Tom Lee from Fundstrat is a long time Bitcoin Bull and believes that Bitcoin will reach $25,000 by the end of 2018. His reasoning is that the price is usually 2,5 times higher than the cost of mining operations.  


Mining costs continue to grow over time and as a result, Lee believes the price of Bitcoin will move above $22,000 and even up to $25,000.  The mining difficulty is rising all the time and therefore, not impossible for Bitcoin to reach these price points. In an interview with Bloomberg, he stated that the complete cost to mine Bitcoin next year will be around $14,000, “reflecting the difficulty”



Jeet Singh, a cryptocurrency portfolio manager for the past six years, spoke at the World Economic Forum at Davos.  He said that it is common for virtual currencies to fluctuate by 70 or 80 percent, however, as the market for bitcoin becomes more mainstream, some of the volatility should calm down as traders begin to better understand cryptocurrencies. Singh predicts: “Bitcoin could definitely see $50,000 in 2018.”



Arthur Hayes, CEO of BitMEX, has maintained his Bitcoin price prediction despite the bear market during the past few months.


“I think something that can go up to 20k in one year can have a correction down to about 6k. I think it definitely found a bottom … but with one positive regulatory decision away, to climb to 20k or even 50k by the end of the year.”


According to Hayes’ statements on the BitMEX exchange, so far this year Bitcoin trading volume has tripled, a really good sign.   Bitcoin has gone through the similar bear cycles during the past nine years, rising high before plummeting significantly and then moving on up again.



Llew Claasen, Executive Director of the Bitcoin Foundation, believes that Bitcoin will hit $40,000 in 2018 and that 90% of other cryptocurrencies will fail.  There are currently more than 1600 cryptocurrencies listed on BraveNewCoin marketcap, many the result of the recent ICO (Initial Coin Offering) boom.  Cryptocurrencies with strong use cases will survive.




Longtime Bitcoin Bull and Venture Capitalist, Tim Draper, believes that Bitcoin will multiply more than 30 times in the next four years.





Andreas Antonopolous, best-selling author, speaker, educator, and one of the world’s foremost bitcoin and open blockchain experts believes it very difficult to predict the Bitcoin price.  As he has stated, Bitcoin “cannot be ignored or extinguished“.



“The black swan theory or theory of black swan events is a metaphor that describes an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight.”  Wikipedia

Scroll to the bottom of the page for more Bitcoin Price Predictions


Related: How to make money with Bitcoin (Guaranteed)




As you can see, there are the Bulls and the Bears with predictions fluctuating from low to high and everything in-between.  In reality, Bitcoin and cryptocurrency is still a relatively new market, a new digital economy has emerged.  Volatility must be expected as our financial world grapples with this disruptive technology.  In January 2018, and we questioned, “Will Regulators and Banks kill Bitcoin”


Negativity reigned in the first half of 2018 with news of large-scale hacking of Bitcoin Exchanges, Coincheck, and Bithumb, and banks shutting down cryptocurrency enterprises bank accounts, the Indian government for instance.


However, the news is starting to turn positive


Once ETF’s are listed, Bitcoin will then be accessible to thousands of traders who have accounts on the stock exchange.  Traders will be able to buy a Bitcoin ETF without even having a Bitcoin wallet.  Once institutional investors get involved with Bitcoin, the price could grow in value significantly.



Bitcoin’s hashrate and mining power are increasing.  When Bitcoin network’s difficulty increases, the hash rate increases. The hash rate, miners profits, and difficulty depend on each other. The number of miners in the Bitcoin network increases the difficulty and the miner needs to compute more guesses per second.  As per Tom Lee’s prediction and reasoning, the Bitcoin price is usually 2,5 times higher than the cost of mining operations.  Mining costs will continue to grow, as should the Bitcoin price.


Two U.S. Congressional Hearings on Cryptocurrencies commenced on 18 July, 2018. Firstly, the House Committee on Financial Services held a live congressional hearing which started on 18 July in Washington, D.C. entitled “The Future of Money: Digital Currency”, followed by the House Agriculture Committee – Full story here


Switzerland leading the charge to support Bitcoin and cryptocurrency enterprises.  A 150 Year Old Bank, Switzerland’s mortgage bank Hypothekarbank Lenzburg, has committed to a new strategy.


“As a bank that sets itself up technologically and pursues a cooperative strategy in the field of FinTech, it is also a matter of credibility to work together with the young sector of crypto and blockchain companies in Switzerland,”  announced CEO, Marianne Wildi.


Besides the Swiss, Malta is also at the forefront of cryptocurrency enterprise acceptance and are working to set themselves up as a “blockchain island’.  Binance, one of the biggest cryptocurrency exchanges in the world, is backing a blockchain-powered decentralized bank to be launched in Malta as reported by Bloomberg.  Founders Bank has applied to obtain a license from the EU state’s government in order to officially operate its business and become the world’s “first decentralized and community-owned bank“.


Mark Carney, chairman of the Financial Stability Board, said in a letter to G20 finance leaders that crypto did not pose a significant risk to the financial system presently and of late, a few countries have supported the theory.


South Korea has also had some positive changes, as the National Assembly is set to witness numerous legislative bills in July 2018 on regulating cryptocurrencies, initial coin offerings and blockchain as reported by the Korea Times.


The social media giant, Facebook, has reversed the cryptocurrency advertising ban, although it has continued its ban on ICOs (Initial Coin Offerings). This move is a positive move for the cryptocurrency space as more users can be targetted.


On the consumer adoption front, Wirex has just launched a “crypto friendly” debit card making it easy for Bitcoiners to spend.


There are opportunities to “make money with Bitcoin” however, first and foremost, it is incumbent on you to educate yourself on “What is Bitcoin” and alternate cryptocurrencies.   Follow this simple guide on “How to make money with crypto” and get started!


What are the Top Ten Drivers of the Bitcoin Price?

1.   Speculation
2.   Developer Adoption
3.   Consumer Adoption
4.   Merchant Adoption
5.   Institutional Adoption
6.   Media Adoption
7.   Regulatory Adoption
8.   Government Adoption
9.   Investor Adoption
10. Geo-Political Factors and Financial System Risk




Related:  What is the Blockchain

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