In the past, many people have posited that Bitcoin could reach $20,000 in the coming year. Others, like Fundstrat co-founder Thomas Lee, think it will hit $90,000 sometime in the next decade. There is one person who believes that Bitcoin will drop to $2,000 at some point, but that will be a long time away. Tom Lee’s prediction is based on the average percentage gains after dips.
A recent report by Thomas Fitzpatrick, the global head of CitiFX Technicals, predicts that Bitcoin will hit $318,000 by the end of 2022. The report leaked to the internet in late 2020 has a largely bearish tone, though the analyst’s analysis cited the 1970s gold market to provide a context for his prediction. The report also points to the acceleration of central bank money printing since COVID-19.
A Bitcoin expert who has been associated with the digital currency since its inception, Roger Ver, believes it will reach a value of $250,000 by the end of the decade. This prediction was made back in 2015. The Founder and Partner of Morgan Creek Digital, Anthony Pompliano, also believes that the value of a bitcoin will surpass $100,000 by the end of the decade. Regardless of what happens to Bitcoin’s price in the future, it’s still a great time to invest in the digital currency.
The crypto industry is based on digital scarcity, and everyone has an opinion. While the crypto market is likely to become a disaster by the end of the decade, we have a few theories for what the future holds. The bullish and bearish event advocates are waging a tug-of-war as we wait for the year 2020. There’s no need to rush into any conclusions before time.