Speculation about the future performance of Bitcoin is understandably one of the hottest topics in the cryptocurrency community – not only is Bitcoin the biggest cryptocurrency on the market, but its performance usually also has a decisive impact on the rest of the asset class. 2020 is a particularly interesting year for this discussion, as the BTC reward for newly discovered blocks will drop to 6.25 BTC in Bitcoin’s third “halving”, which is expected to happen in May of 2020.
Top 2020 Bitcoin price predictions
Plenty of industry insiders, market analysts and popular crypto community figures have thrown their hat in the ring and presented their predictions for the price of Bitcoin in 2020. We’ve collected some of the most interesting forecasts.
|Role||Prediction made on||BTC price prediction|
|John McAfee||Cybersecurity entrepreneur||Oct 18, 2019||$2,000,000||End of 2020|
|Bobby Lee||Founder of BTCC and Ballet||Nov 7, 2019||$100,000 – $200,000||Top of next BTC bull cycle|
|Anthony Pompliano||Partner at Morgan Creek Digital||Nov 8, 2019||$100,000||End of 2021|
|Benjamin Cowen||Technical analyst / YouTuber||Nov 13, 2019||$141,174||End of 2021|
|sunny decree||Technical analyst / YouTuber||Nov 18, 2019||$120,000||March 2021|
1. John McAfee – Bitcoin will reach $2 million by end of 2020
John McAfee is a polarizing figure in the world of cryptocurrency, and his extremely ambitious Bitcoin price predictions are one of the reasons why McAfee is either revered or mocked, depending on who you ask.
In an interview with AIBC Summit’s Jessica Walker, McAfee predicted that Bitcoin will reach a price tag of $2 million by the end of 2020. McAfee says that people losing their BTC is constantly reducing the available supply of Bitcoin, while he anticipates that demand for the world’s top cryptocurrency will continue to increase.
“Run the f***ing numbers. If it’s less than two million dollars by the end of 2020, then mathematics itself is a flawed discipline.”
2. Bobby Lee – The next Bitcoin high will be between $100,000 and $200,000
Bobby Lee became prominent in the cryptocurrency by founding the BTCC cryptocurrency exchange, which he later sold. Now, Lee is heading the cryptocurrency hardware wallet company Ballet. He describes himself as a Bitcoin maximalist and believes BTC has the potential to become a trillion-dollar asset class. In accordance with this, he predicts that Bitcoin’s next bull run will dwarf the previous all-time high.
“Bitcoin prices go in waves. Every so-called bubble, every FOMO run, it could go up 10, 20 times its previous high. So, the next one could easily top $100,000 or even $200,000 per Bitcoin.”
3. Anthony Pompliano – Bitcoin will reach $100,000 by the end of 2021
Anthony Pompliano is a partner at cryptocurrency investment firm Morgan Creek Digital, and is one of the most outspoken Bitcoin advocates on social media – his relentless promotion of Bitcoin has earned him a sizeable following within the cryptocurrency community.
At a recent appearance at the AIBC conference, Pompliano forecasted that Bitcoin will be trading at $100,000 by the end of 2021. In late 2018, Pompliano predicted that Bitcoin will drop to $3,000 and eventually climb back towards $10,000. The low at around $3,000 materialized in December of 2019 while Bitcoin rallied and crossed $10,000 in June of 2019. Will Pompliano’s 2021 BTC prediction come true as well?
4. Benjamin Cowen – BTC will be trading at around $140,000 by the end of 2021
Cryptocurrency technical analyst Benjamin Cowen predicts that Bitcoin will be trading around $140,000 by the end of 2021 based on the logarithmic regression of Bitcoin prices. Cowen says that the next Bitcoin halving is likely to be a precursor to a major bullish rally. His projection is created by comparing peaks of Bitcoin’s previous bull cycles to estimate the peak of the next bull cycle.
5. sunny decree – Bitcoin to reach $120,000 in March of 2021
Popular cryptocurrency YouTuber “sunny decree” predicts that Bitcoin will be trading at $120,000 in March of 2021. He also stressed the importance of Bitcoin block reward halvings when analyzinh the historical performance of Bitcoin compared the peaks of different BTC bull markets to arrive at his estimate.