2. Bitcoin Price Predictions (2021Updated)
Bitcoin was created in early 2009. Since then, we’ve seen its price increase from
Bitcoins to the cent (circa March 2010), all the way up to $41,000+ per Bitcoin. One of
the stories that illustrate this growth best is that of two pizzas, which were bought for
10,000 Bitcoins, on May 22, 2010, by a Florida developer by the name of Laszlo
Hanyecz. Those 10,000 Bitcoins (at $33,000 per bitcoin) would be worth over $330
million today, pitted against the $40 or so they were worth then.
Is there any limit to this growth, and if so, where is it? While nobody knows for sure,
there are plenty of anti-Bitcoiners who see the market as a bubble, ready to pop and
have Bitcoin’s price fizzle back to mere cents, and plenty of pro-Bitcoiners, or Bitcoin
evangelists, who see little hindrance in Bitcoin growing up to 30 times its current price.
Here’s what those evangelists think Bitcoin will go on to be worth:
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Standing Bitcoin Price Predictions
There are a handful of Bitcoin price predictions made for the mid to long term, or with
no time scale at all, that are still standing today. Here are some of the most exciting
predictions from Bitcoin’s most legendary evangelists.
Shervin Pishevar – $100,000 (by 2022)
@shervin
Shervin Pishevar is a venture capitalist and angel investor who co-founded Hyperloop
One and Sherpa Capital. He has also made investments in several companies including
big names such as AirBnb and Uber.
Future Of BTC Price
3. Pishevar has called for Bitcoin to reach $100,000 by the end of 2021 via Twitter. The
prediction came not long after a December 2020 meeting with MicroStrategy CEO
Michael Saylor, whose company invested more than $1 billion in Bitcoin during 2020.
Given his meeting with Saylor and his previous predictions of a decline in the US
economy, it’s no surprise that Pishevar has become bullish on Bitcoin.
Thomas Fitzpatrick – $318,000 (by 2022)
Thomas Fitzpatrick
Citibank’s Thomas Fitzpatrick is the global head of their market insights product, CitiFX
Technicals. He made headlines for his Bitcoin prediction of $318,000 by 2022, which
surfaced after his report was leaked onto the internet in late 2020.
His analysis drew similarities between the gold market of the 1970s and Bitcoin’s price
action, in particular gold’s $20 to $35 range before its surge in 1971. He also cited the
acceleration in money-printing by central banks since the emergence of COVID-19,
which may fuel the Bitcoin run.
What Will Be The Price Of BTC
Winklevoss Twins – $500,000 (by 2030)
@tylerwinklevoss
4. Winklevoss twins – the famous Bitcoin billionaires have said Bitcoin has the potential to
reach a price of $500,000 by 2030, which would put its market cap on par with that of
gold (around $9 trillion).
Tyler Winklevoss said, “Our thesis is that bitcoin is gold 2.0, that it will disrupt gold, and
if it does that, it has to have a market cap of 9 trillion, so we think it could price one
day at $US500,000 of bitcoin.”
BTC Price Predection In 2030
The prediction has been explained in full detail in a blog post by Tyler on their website.
Anthony Pompliano – $250,000 (by 2022)
@APompliano
Anthony Pompliano is a well-known Bitcoin personality. He’s a founder and partner at
Morgan Creek Digital, a crypto-friendly asset management firm for institutional
investors. He has previously claimed that he holds more than 50% of his net worth in
Bitcoin, showing his belief in the cryptocurrency.
Pompliano previously predicted that Bitcoin will hit $100,000 by the end of December
2021. Since then, he has revised the figure to an upper limit of $250,000 – more than
double his original prediction.
Why the updated number? Pompalino believes the available supply of Bitcoin is much
less than is perceived by most, which lies in stark contrast to the amount of demand
that is beginning to precipitate – in particular by institutions.
Along with many others, Pomp also talks about the US Federal Reserve pursuing
aggressive quantitative easing and keeping interest rates low, leading to flight to safe-
haven assets.
5. Chamath Palihapitiya – $1,000,000 (by 2037)
@chamath
Chamath Palihapitiya is the Founder of Social Capital and Co-Owner of the Golden State
Warriors. His Bitcoin journey started with an investment back in 2012, and by 2013 he
had included Bitcoin in his hedge fund, general fund, private account. At one point, he
owned 5% of all Bitcoin in circulation.
Palihapitiya has predicted Bitcoin price will reach $100,000 in the next 3-4 years, adding
that it will reach a price of $1 million by 2037. He said, “This thing has the potential to
be comparable to the value of gold…This is a fantastic hedge and store of value against
autocratic regimes and banking infrastructure that we know is corrosive to how the
world needs to work properly”
Wences Casares – $1,000,000 (by 2027)
@wences
Wences Casares is the Founder and CEO of Xapo, a Bitcoin wallet startup, and a board
member at PayPal, among various other roles. Casares first found interest in Bitcoin due
to high financial volatility in his home country Argentina’s native currency, the Peso.
The tech giant bought his first Bitcoins in 2011.
Casares believes that Bitcoin will hit $1 million sometime before 2027, he said at the
Consensus 2017 conference in New York. Even better, he believes that Bitcoin could hit
6. one million dollars in as few as 5 years, saying on May 23, 2017, that the milestone will
be reached “in 5-10 years”.
John Pfeffer – $700,000 (no date)
@jlppfeffer
John Pfeffer is a partner at London-based family office Pfeffer Capital. He’s set a bold
price target for Bitcoin of $700,000—about 175 times the current Bitcoin price of nearly
$4,000. Pfeffer said that Bitcoin is the world’s first viable replacement for gold.
The math for his target works like this: firstly, he assumes that Bitcoin can replace all of
the gold currently held by private investors — in other words, the gold bars that people
keep in safe-deposit boxes or bury in their backyard (simply as a way to park their
money in something more dependable than paper). He says that “Bitcoin is vastly easier
to store and secure.”
Next up, the current value of all privately held gold bullion is about $1.6 trillion.
Assuming there will be 18 million Bitcoins in circulation by the time the cryptocurrency
fully replaces gold bullion, the implied value of a Bitcoin would then be $90,000. This is
Pfeffer’s most conservative scenario, which he gives 8% odds of coming to fruition.
Jeremy Liew – $500,000 (by 2030)
@jeremysliew
7. Jeremy Liew is a partner at Lightspeed Venture Partners, famed as the first investor in
the social media app Snapchat. Liew’s other investments include the multimedia
company Beme, the listing service VarageSale, and the hardware wallet LedgerX. His
net worth is estimated at north of $2 billion.
In an exchange with Business Insider in May 2017, Liew said that the Bitcoin price can
“realistically” reach $500,000 by 2030. Liew’s prediction was backed by Peter Smith, the
CEO, and co-founder of Blockchain — the world’s most popular Bitcoin wallet.
Mark Yusko – $400,000 (no date)
@MarkYusko
Mark Yusko is the billionaire investor and Founder of Morgan Creek Capital. His
prediction for Bitcoin is that it’ll be worth over $400,000 in the long term, a statement
that made headlines because for its grandiose scale.
“It’s just math. It is gold equivalent…there are about 20 million Bitcoin available today.
Gold today is about $8 trillion. That gives you $400,000. And that doesn’t include use
cases that relate to currency,” Yusko said.
He also pointed out that the asset is striking fear into the hearts of bankers, precisely
because Bitcoin eliminates the need for banks. When transactions are verified on a
Blockchain, banks become obsolete.
Roger Ver – $250,000 (no date)
8. @rogerkver
Roger Ver is an early investor in Bitcoin and related blockchain startups. Born in the US
and now with citizenship in Saint Kitts and Nevis, Ver started his business career with a
computer parts business, MemoryDealers.com. By early 2011, Ver had begun investing
in Bitcoin, now with a portfolio including startups like Bitinstant, Ripple, Blockchain,
Bitpay, and Kraken.
In an interview with Jeff Berwick, for The Dollar Vigilante blog, Roger Ver said in
October 2015 that Bitcoin “could very easily be worth $2,500, or $25,000 per Bitcoin, or
even $250,000 per Bitcoin”. Ver’s estimate is based on the principles of supply and
demand, which he believes creates great potential for Bitcoin as a store of value.
Kay Van-Petersen – $100,000 (by 2027)
@kvp_macro
Kay Van-Petersen is an analyst at Saxo Bank, a Danish investment bank which
specializes in online trading and investment. Based out of Singapore with an MSc in
Applied Economics & Finance from Copenhagen Business School, Van-Petersen is an
active Twitter user with no fear of speculating on tough topics like the prices of
cryptocurrencies.
Van-Petersen believes that Bitcoin will rise to $100,000 per unit by 2027, according to a
feature by CNBC news published in May 2017. As the man who successfully predicted
Bitcoin’s flow up to $2,000 by 2017, Kay Van-Petersen’s most recent estimate, perhaps
9. a little optimistic, suggests that Bitcoin would then account for 10% of the volume in
the foreign exchange market.
Tai Lopez – $60,000 (mid-term)
@tailopez
Tai Lopez is a renowned investor and internet marketing expert, famed for a viral video
he had filmed in his garage. He believes that if a small portion (1%) of the assets of
millionaires globally is invested into Bitcoin in the upcoming months, the price of Bitcoin
could justifiably grow to around $60,000.
Given that the adoption of Bitcoin as a store of value and a medium of exchange within
the global finance market is increasing exponentially, $60,000 remains a viable mid-
term price target even for conservative investors. Only time will tell when/if this
prediction is reached, though.
Andy Edstrom – $8 trillion market cap (2030)
@edstromandrew
Andy Edstrom is a wealth manager for a California-based investment advisory firm
called WESCAP. He’s an investor himself, and an avid Twitter user. More importantly,
he’s a definite fan of Bitcoin, constantly tweeting about the topic, and even having
written a book by the title of “Why Buy Bitcoin”.
10. In February 2020, Edstrom made a prediction that Bitcoin would reach an $8 trillion
market cap by 2030. Although he didn’t mention it, this is considered to be the
approximate size of the gold market. In any case, this would put the price of a single
coin at around $400,000. Interestingly, Edstrom believes Bitcoin could become the
world’s default currency.
Mike Novogratz – $7.5 trillion market cap (2029)
@novogratz
Mike Novogratz is a former hedge fund manager who’s been investing in Bitcoin and
blockchain technology for a long time. He’s made several price predictions in the past —
which have been both correct and incorrect.
In March 2019, Novogratz indirectly made yet another prediction, saying Bitcoin would
“easily” surpass gold’s then market cap of $7.5 trillion within 10 years. This puts his
prediction very close to Edstrom’s, both in terms of timeline and magnitude.