For Bitcoin, 2017 was a year of growth, 2018 a year of a slump. 2019 looks like a year of stability. However, the bigger question now is – what is the Bitcoin price prediction for 2020? Let us take a closer look at what the top crypto-experts in the world have to say about where BTC price is heading towards:
John McAfee’s Bitcoin Price Prediction for 2020
John McAfee, a candidate for the US Presidential election and one of the most controversial yet influential names in the crypto-community, has made a number of Bitcoin price predictions. However, his latest prediction is the boldest!
McAfee had earlier claimed BTC to reach $500,000 by late 2020. He has now doubled down on his claim. McAfee now says that Bitcoin price is all set to hit $1 Million by 31st December 2020.
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 Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong. pic.twitter.com/WVx3E71nyD
— John McAfee (@officialmcafee) November 29, 2017
Murad Mahmudov’s Bitcoin Price Prediction for 2020
Mahmudov is the host of ‘On the Record’ – a crypto-focused podcast. He is another prominent figure when it comes to cryptocurrencies. Mahmudov has a large following and often makes predictions based on critical and careful analysis of how the markets are performing.
Mahmudov believes that Bitcoin is going to hit a new all-time high in 2020! Tony Vays, another popular crypto analyst backs this up. He adds that there’s at least a 40% chance of Bitcoin hitting an all-time high in 2020 – and 45% chance of doing it in 2021!
— Astatine (@Astattine) January 3, 2019
Anthony Pompliano’s Bitcoin Price Prediction for 2020
Anthony Pompliano, founder and partner at Morgan Creek Digital Assets, is a major voice in the crypto-ecosystem. Pompliano is known for his sound advice and calculated decisions. Pompliano believes that Bitcoin price is going to hit $50,000 very soon.
Earlier, he had made this prediction for late 2018 – but has since moved it up a notch and put it to late-2022. However, Pompliano had famously commented that before we see new highs, we are going to see new lows. At least he’s been half right so far!
I've revised my Bitcoin outlook after spending more time digging through data than I would like to admit. I'm still very bullish, but it may take longer than anticipated: https://t.co/TYEuoBaChh pic.twitter.com/yjF0VRt5Ey
— Pomp 🌪 (@APompliano) August 24, 2018
Thomas Lee’s Bitcoin Price Prediction for 2020
Fundstrat’s Thomas Lee is quite a powerful name in the crypto circles. Lee made a prediction in March 2018 that the price of Bitcoin is going to hit $91,000 by March 2020. He has based his predictions based on how Bitcoin has performed after dips in the past. Going by those trends, a major Bitcoin bull-run is on its way!
Bobby Lee’s Bitcoin Price Prediction for 2020
Bobby Lee, known most popularly as the co-founder of BTCC, is another major name in the cryptocurrency ecosystem who is still bullish on Bitcoin. Lee had made a prediction that the bottom of the barrel would be close to $2,500.
2019 would be a year of slow growth, but a major bull-run will start in late 2020 which will take the price of Bitcoin beyond $333,000 in late 2021. However, Lee also expects the price to drop to $41,000 in early 2023.
If history repeats perfectly, then the current bear market for #Bitcoin would bottom out at $2,500 next month, in Jan 2019.
And then the next rally would start in late 2020, peak out in Dec 2021 at $333,000, and then crash back down to $41,000 in Jan 2023.
Something like that?🙂 https://t.co/M8ljIVnt73
— Bobby Lee (@bobbyclee) December 7, 2018
Should You Trust A Bitcoin Price Prediction?
While it is hard to trust ‘predictions’ in a market as volatile as cryptocurrencies, one usually has to see the general trend here. Of late, most crypto enthusiasts are appearing more bullish than ever before.
The impact can be seen in the markets as Bitcoin appears to be trying to break past the $4,000 barrier! It will be interesting to see how these predictions pan out to be over the year to follow!