The cryptocurrency market has never been this volatile for a long time.
Within a span of a few days, the entire market dropped by over 30% and wiping out billions from the overall market cap. Lead by Bitcoin, literally every other cryptocurrency has dropped by more than 20%.
Even more surprisingly, Ethereum lost its place as the second largest cryptocurrency in the market after being overtaken by Ripple. And among all coins, Ethereum has seen the biggest drop.
It’s been well-established that the crypto market often follows the price movement of Bitcoin, the first and biggest among all coins. Since it reached its peak of over $20,000 in December 2017, a lot of pundits and experts have speculated its future price increases.
Some are incredibly bullish while others have been cautiously optimistic. And there are even those who have claimed that Bitcoin can crash even further and be relegated to a coin of no value.
Of course, those who are deep in the industry and have a working knowledge of blockchain technology can attest to its incredible potential and what it holds for our future.
There seems to be little doubt that Bitcoin will increase in value over time, especially as mass adoption grows. But the question remains; how much and by when?
A lot will depend on the coin being used not just as store value but also as it was originally intended by the inventor of Bitcoin, Satoshi Nakamoto – as an immutable, anonymous digital currency.
As we approach the end of the year with much trials and tribulations in the crypto market, we have compiled a list of Bitcoin price predictions by a number of notable personalities that range anywhere between $9,000 to $150,000.
Here are 12 of the boldest, most bullish predictions of Bitcoin price by 1 Jan 2019:
Gavriel Shaw (CMO at Bitcoin.com) – $10,500
Alexander V. van Dijl (Financial expert) – $150,000
Luke Lombe (Head of Blockchain at PlayChip) – $12,600
Eric Brown (Founder and CEO of Aliant Payment Systems) – $23,000
Hans Battle (Co-Founder and CFO of Incremint) – $10,000
Sam Russell (Co-Founder of WORBLI) – $17,000
PK Banks (Co-Founder at CBlocks) – $9,420
Collins Brown (Co-Founder at Market Protocol) – $14,000
Kyle Fournier (Crypto Analyst at CryptoManiaks) – $10,000
Kyle Asman (Co-Founder at BX3 Capital) – $24,500
Sam Olmsted (Consultant for Pelicoin) – $10,000
Danny Scott (CEO and Co-Founder at CoinCorner) – $15,000
So, there you go! The price of Bitcoin has been hovering under $4,000, and it’s hard to say to how it will move as the year closes out.
What are your personal predictions of Bitcoin’s price in 2019?