What will be one bitcoin worth in the future: A decent pair of shoes or a luxury mansion?

While Bitcoin continues its expansion to the general public, the price of cryptocurrency has stagnated for several weeks after a heavy fall. This does not prevent experts from making their predictions on the development of the price of electronic currency.

And it must be said that the forecasts are very varied, ranging from $100 by 2028 for the most pessimistic to over $1 million in one year for the most optimistic…

The optimists driven by McAfee

price predictions
Our colleagues at ArzDigital have produced an infographics in which they compare the different predictions of experts in the field. On the one hand, there are the historical supporters of the Bitcoin – John McAfee in the lead – who see the currency’s price explode over the next two years.

While McAfee estimates that Bitcoin could reach $1 million in 2020, others are slightly more “moderate”: Tim Draper sees Bitcoin at $250,000 in 2020 – just like engineer Jameson Lopp. It seems that Tyler Winklevoss was a little too optimistic since he anticipated a Bitcoin at $320,000 again in 2018. Today, the currency rate is stagnating at $6,400….

The pessimists, Joseph Stiglitz in the lead

Faced with the Bitcoin generation, we find more traditional economists who are very pessimistic about the future of the famous crypto-currency. The Nobel Prize winner Joseph Stiglitz did not hesitate to give his point of view: the price of the currency should not exceed $100 over the next 10 years.

The same is true for economist Kenneth Rogoff, who does not believe at all in this (crypto)currency, which he says would have “no chance” of threatening the current financial system.

Who is right? Who is right? Who is wrong?

Today, it is difficult to know who is right and who is wrong. In the most likely case, the price of cryptocurrency should be somewhere in between. The prestigious American bank JP Morgan has been convinced for several months that electronic currencies are here to stay. The same is true of the European Commission: its Vice President, Valdis Dombrovskis, has acknowledged that crypto-currencies are here to stay.

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Felix Küster
Felix Küster

Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. He is also actively involved in the crypto community - both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.

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