Where does everyone think bitcoin will be by the end of 2018?
I'm interested to see where everyone thinks bitcoin is headed, like value wise and how people would have adapted to it.
In my opinion, by the end of 2018 bitcoin will cross 10000 dollars. I am not saying it will reach 10000 dollars, it will cross 10000 dollars . May be it can reach 12000 dollars or something like that. Because its getting popular day by day. Moreover nowadays its hitting the headlines of all media because of its high surge in price. So daily more people are coming to know about this cryptocurrencies and they want to invest in it. So as the demand increases, bitcoin's price will also increase. So no one can exactly predict that how much will be its price by the end of 2018.
Well for me, I think the price of bitcoin by the end of 2018 will be anywhere between $40,000 to $50,000 because if you look at the recent bitcoin growth, bitcoin value was growing in lighting speed. In this year alone bitcoin value increases with about 800% - who knows may be the value of bitcoin might reach 1000% by the of 2017. If bitcoin continue to grow even by 500% next year 2018 - the value of single bitcoin would be worth around $40,000.
I think $40-$50k is a bit high for next year, though not impossible. I'm thinking more like $25-30k.
It could go up to 40-50k range next year but only if institutional investors just go crazy on bitcoin next year. I think the process of getting most institutional investors on board will take about three years. It's starting with these two futures contracts that will be offered in the next few months. I think by mid to late 2018 institutional investors will start hopping on board for real (with actual bitcoin backed products), which is what I think could push the price possibly up to $30k. I think they are very reluctant to hop on board and when they do they're only gonna be putting a little bit of their massive money in to start. So I think a rise of $20k in price next year is doable but not much more. Over the next five years though I think bitcoin will become a standard asset to invest in and that'll push it well beyond $100k.