Quote from: jelin1984 on May 08, 2018, 10:59:40 PM

Thomas Lee
@fundstrat
CRYPTO: #Consensus2018, organized by @Coindesk, impact on crypto market will be much larger in 2018, given the sheer increase in expected attendance. 2017 was +1,250 additional attendees but 2018 should see +4,250 additional. 3x the impact... next week an interesting week

Thomas Lee, Managing Partner and Head of Research at Fundstrat Global Advisors, has accurately predicted the price of bitcoin for several years. His latest prediction is a year-end target price of $25,000 and a price of $91,000 by March 2020. Lees analysis incorporates Metcalfe's Law, which states that the value of a network is the square of the number of its users, and bitcoins potential to become a substitute asset for gold, among other factors.

I think this next generation of young people view bitcoin as their store of value. And if it captures 5 percent of the gold market, it's worth at least $25,000 per unit, Lee told Business Insider in an interview in October.

Ronnie Moas, founder of Standpoint Research, predicts that the price of bitcoin will hit $28,000 in 2018 and believes that its value will eventually rise to $300,000 - $400,000. Moas bases his price prediction on the limited supply of bitcoin facing potentially unlimited demand, which could push the price of bitcoin to never-before-seen highs, among other factors.

"I don't know how much gold there is in the ground, but I know how much bitcoin there is, and in two years there will be 300 million people in the world trying to get their hands on a few million bitcoin. This mind-boggling supply and demand imbalance is what is going to drive the price higher," Moas said.

Of course one may argue that Fundstrat Global Partners benefits from Lees high profile and his outspoken views on cryptocurrency valuations. However, the success or failure of his company nor his career does not depend on the future performance of cryptocurrencies like bitcoin. The same goes for Ronnie Moas and his company, Standpoint Research.

source: https://bravenewcoin.com/news/when-it-comes-to-bitcoin-price-predictions-who-should-you-believe/