Bitcoin Price Predicted to 2021 Tech Mirrors
Incoming ten years, Bitcoin is more likely to be $100 than $100,000, Harvard economist says
Harvard University professor and economist, Kenneth Rogoff said on Tuesday that, the possibility of the prices of bitcoin prices falling to $100 is higher than that of the digital currency trading at $100,000 a decade from now.
“I think bitcoin will be worth a tiny fraction of what it is now if we’re headed out ten years from now… I would see $100 as being a lot more likely than $100,000 ten years from now,” Rogoff told CNBC’s “Squawk Box.”
“If you take away the opportunity of money laundering and tax avoidance, its actual uses as a transaction vehicle are minimal,” the former chief economist of the International Monetary Fund (IMF) said.
A lot of illicit transactions have been associated with Bitcoin, estimates of which vary in proportion to the use of digital currency used in illegal activities. According to Shone Anstey, co-founder, and president of Blockchain Intelligence Group computed that the level of unlawful transactions had reduced to 20 percent in 2016 and was “significantly less than that” in 2017.
The regulations introduced by the government will provoke the drop in bitcoin prices said, Rogoff, although he emphasized that it would take time to develop a global framework of regulation.
“It needs to be global regulation. Even if the U.S. cracks down on it and China cracks down, but Japan doesn’t, people will be able to launder money through Japan still,” he said.
Today I take a walk through my price predictions for Bitcoin – not just through 2018, but extending all the way through to 2021. I also give my predictions on the cryptocurrency space as a whole. Be sure to let me know your thoughts and YOUR predictions in the comments below. Oh, and if you’re from the future – how’d I do?
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According to industry site CoinDesk, Bitcoin traded around $11,242.61 during Tuesday Asia morning trade. The price of digital currency has fallen this year from a record of more than $19,000 in December last year.
Authorities have been behaving passively about regulating bitcoin the reason for which is the anticipation of the technology behind digital currency, according to Rogoff.
“They want to see the technology progress,” Rogoff said, adding that the private sector has historically “designed everything” in the history of currency, from standardized coinage to paper currency.
Bitcoin is a significant area of growth as an application of the blockchain technology that allows transactions to be maintained and recorded.
However, in the past also there have claims about the falling prices of bitcoin. Before bitcoin sold off in December last year, Rogoff told last October that estimates of the digital currency would “collapse” amid attempts by governments to regulate the space.
What will bitcoin be worth in 2023?
After the analysis of the prices of Bitcoin in previous years, it is assumed that in 2023, the minimum price of Bitcoin will be around $53,038.77. The maximum expected BTC price may be around $64,734.01. On average, the trading price might be $54,570.32 in 2023.
What is the predicted value of Bitcoin in 2025?
Conclusion: BTC Price Forecast and Long-Term Price Predictions
| Year | High | Low |
|---|---|---|
| 2021 | $140,000 | $17,000 |
| 2022 | $140,000 | $42,000 |
| 2023 | $100,000 | $63,000 |
| 2024-2025+ | $500,000 | $275,000 |
What will bitcoin be worth by 2022?
Experts Say Bitcoin Could Hit $100,000 In 2022.
What will a Bitcoin be worth in 2030?
Other factors shaping a BTC price prediction
According to Allied Market Research, by 2030 its value could grow to $4.94bn, representing a 12.8% surge. Meanwhile, research conducted by ResearchAndMarkets.com in December 2021 noted that the overall cryptocurrency market could rise to $2.73bn in 2025 from $1.63bn in 2021.
How much could Bitcoin be worth in 5 years?
Casares believes that Bitcoin will hit $1 million sometime before 2027, he said at the Consensus 2017 conference in New York. Even better, he believes that Bitcoin could hit one million dollars in as few as 5 years, saying on May 23, 2017, that the milestone will be reached “in 5-10 years”.
Will Bitcoins fall again?
Bitcoin’s price is just as likely to fall back down as it is to continue climbing. The future of cryptocurrency is sure to include plenty more volatility, and experts say that’s something long-term crypto investors will have to continue dealing with.
What will Bitcoin be in 2031?
Saylor’s moonshot prediction sees Bitcoin as being capable of reaching a market cap of a staggering $300 trillion in the long run. Of course, he doesn’t give a date, because nobody can do that, but his future goal illustrates that the price of one Bitcoin would reach around $14 million.
Is Bitcoin a good investment 2022?
It’s possible to get filthy rich by investing in cryptocurrency in 2022 — but you could also lose all of your money. Investing in crypto assets is risky but also potentially extremely profitable. Cryptocurrency is a good investment if you want to gain direct exposure to the demand for digital currency.
Which crypto is best for 2025?
In this article, we explore the top ten exploding cryptocurrencies between 2022 and 2025.
- Cosmos. …
- Decentraland. …
- Sandbox. …
- Chainlink. …
- Binance coin. …
- Avalanche. …
- Terra. …
- Shiba Inu. Shiba Inu is a meme coin that rose to popularity thanks to the Dogecoin meme rally of 2020/21.
What will ethereum be worth in 5 years?
Based on our Ethereum price predictions, a long-term increase is expected, and the price prognosis for 2027 is $9800.660. With a 5-year investment, the revenue is expected to be around +719.32%. According to our ETH price prediction, the coin might cross the $2000 price mark by the end of 2022.
What is ethereum worth in 2025?
Ethereum Price Prediction 2025
It is assumed that in 2025, the minimum ETH price might drop to $7,336.82, while its maximum can reach $8,984.84. On average, the trading cost will be around $7,606.30.
