Almost every person at least once in his/her life heard about Bitcoin. Those who are out of step just read or hear the news about BTC. On the other side, there are people who nearly every day or even every hour keep a sharp eye on the Bitcoin price and price prediction of BTC. Just as in previous years it is extremely hard to know exactly how BTC price will behave. But we can always follow the analytical services and look at what crypto professionals think and predict for Bitcoin. We analyzed some of the services and would like to share those BTC price predictions with you.

  • According to TradingBeasts, we have the following Bitcoin price prediction:

There are also different opinions and discussions regarding the Bitcoin price prediction among crypto experts and analysts:

  • Some of them glorify Bitcoin and predict its tremendous growth.

There is a price prediction of Bitcoin from John McAfee : “When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bitcoin at $1 million by the end of 2020. I will still eat my d*ck if wrong.”

  • Others are pessimistic, gloomy and doubtful about Bitcoin success and rise.

Kenneth Rogoff, economist: “But the long history of currency tells us that what the private sector innovates, the state eventually regulates and appropriates – and there is no reason to expect virtual currency to avoid a similar fate.” 

“Is the cryptocurrency Bitcoin the biggest bubble in the world today, or a great investment bet on the cutting edge of new-age financial technology? My best guess is that in the long run, the technology will thrive, but that the price of Bitcoin will collapse.”

Peter Brandt, analyst and trader, made this prediction of Bitcoin price in his Twitter: “All along I have stated my belief that there was a 50% chance BTC was going to $100,000 and a 50% chance it would go to $0, or literally zero. Once we broke through 7500 I place my bets on zero.”

  • While a proportion of people stays neutral.

Tone Vays, Bitcoin specialist and trader in his conversation to ChainTalk: “I can see Bitcoin rising to as high as $8,500-9,000 on this run up over the next month or two, after that I think it will pull back down but I don’t see Bitcoin falling under $5,000 again. If the economy continues to be poor, Bitcoin will probably not go up much because people will just not risk the money they have left on Bitcoin. As for end of 2020, I think Bitcoin will be around $10,000.”

The Bitcoin price depends on various factors like news, expert statements and predictions, media, and many other things. To sum up the predictions we went through in this article, it can be said that generally almost all predictions are quite the same, only enthusiasts and skeptics have their divergent views. According to the last year’s results, Bitcoin was the most profitable investment tool. Will it be the same in the future? We’ll see.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.