Bitcoin is the number 1 cryptocurrency in the world by market capitalization with a market dominance of 53.9% at the time of writing. Bitcoin was invented back in 2009 by the mysterious Satoshi Nakamoto, which could be a group of people or simply an individual. Bitcoin, in its essence, is a form of decentralized digital cash that works on a peer to peer (P2P) network, without requiring the intervention of any intermediaries for any transaction to happen. Lately the entire cryptocurrency market has been experiencing massive huge fluctuations in term of price. Take Bitcoin as an example, it is now trading at $6,204 from its all-time high of approximately $20000. This makes a lot of people wonder where is Bitcoin or the entire cryptocurrency market going in the near future.
Here we compile a list of the Bitcoin price predictions made by the big names in the industry. As you can see, the predictions regarding the value of Bitcoin in the near future vary tremendously. Some anticipate that it will go to $100, while some claim that it will definitely reach 1 million. The cryptocurrency market is still very young and volatile, despite some of the experts claimed that they have performed extensive modeling and quantitative research to arrive at the prediction ( One even put his body part on the line to vouch for his prediction ), remember to always always take these predictions with a grain of salts.
Who will predict it correctly? Only time will tell!
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