2019 is going to be challenging as well as the deciding year for the future of bitcoin and other cryptocurrencies. After gaining a miraculous success in 2017, reaching around $19783 to falling down to $2600 in 2018, the crypto world has seen the worst year of its history. Now, with the new year in the calendar, there are a lot of prominent people who have made their bitcoin prediction this year.
Let’s discuss the top 10 bitcoin predictions of the year 2019. Most of the mentioned predictions were stated by some known famous personalities and financial organizations
1. Bitcoin Prediction by Justin Sun
Justin Sun is the CEO of the famous cryptocurrency TRON. While in almost every interview of Justin, he avoids talking about other projects and continues the discussion over his own cryptocurrency, recently in an interview with Hyoxing24 talked over bitcoin price prediction. As per him, it would take around three years to reach once again where bitcoin was. He predicted that the bitcoin price for this year would be in between $3000 to $5000.
2. Bitcoin Prediction by Ronnie Moas
Ronnie Moas is one of the top cryptocurrency analysts. Ronnie has been involved in crypto space for a long time. His prediction for bitcoin price was that BTC might reach $28,000 by 2019. He made several arguments to prove his prediction such as the demand for BTC would increase with its decreasing supply, the adoption rate of bitcoin has increased significantly, and bitcoin is not unlimited in supply etc.
3. Bitcoin Prediction by Sonny Singh
As per Sonny Singh, the chief commercial officer at Bitpay, there is no need of worrying about bitcoin price. He had an assertive vision on the prediction of bitcoin price in 2015. He predicted that after the bear run, a bull run would return for bitcoin and that too in a very positive way. In a recent interview with Bloomberg, he predicted that bitcoin would reach around $15000 to $20000 by the end of this year.
4. Bitcoin Prediction by Arthur Hayes
The CEO of crypto space exchange BitMex, Arthur Hayes, however, changed his prediction for bitcoin after analyzing the current bear run of the crypto space. Earlier, he has predicted that the price of bitcoin might reach $50,000. But now, he changed his bitcoin prediction in a recent interview. He stated that bitcoin is expected to continue being bearish for the entire 2019. And due to this, the price of bitcoin would be very low i.e. around $3000 throughout the year 2019. His prediction was so much pessimistic one due to bear run of the market.
5. Bitcoin Prediction by Sam Doctor
Sam Doctor is the Head of Data Science Research at Fundstrat. He has a great knowledge of stock market analysis and market strategies. His prediction for the bitcoin price in 2019 consisted of two analysis. According to him, as an average, the price of bitcoin is expected to reach by $36,000. Also, he stated that the bitcoin price would be depending upon various factors like bull run, new hardware etc. And it may range in between $20,000 to $64,000.
6. Bitcoin Prediction by Michael Novogratz
Mike has a wide knowledge of marketing and analysis sector. He has been a part of companies like Goldman Sachs, Beat the Streets Wrestling and is a former hedge fund chief. He believes that even though bitcoin failed in 2018, the price of bitcoin would reach around $20,000 by the end of 2019. He stated that the evolution of new supports to crypto space like Bakkt would rise bitcoin. Mike is currently the founder of Galaxy Digital.
7. Bitcoin Prediction by Bobby Lee
Bobby Lee is the CEO of BTCC, the first crypto exchange of China. He is also the brother of the creator of Litecoin, Charlie Lee. His prediction about the bitcoin price was not bullish as most of the experts believe. He stated in an interview that bitcoin would be in the bearish run till 2020 and would remain surrounding to $2500. However, his prediction for subsequent years was completely bullish. He said that it could rise to $333,000 in 2021 but for 2019, bitcoin would continue to suffer.
8. Bitcoin Prediction by Tim Draper
Time Draper is one of the known and veteran bitcoin investors. He predicted that the bitcoin ahs a very promising year in 2019. As per Draper, within a gap of two years, everyone would be using the bitcoin. He also predicted that bear run would end at the start of 2019 and a strong bull would return in 2019 which would lead the price of bitcoin to rise at a very fast pace. He stated that the price of bitcoin might reach to around $250,000 by 2022 beginning.
9. Bitcoin Prediction by Fran Strajnar
Fran Strajnar is the CEO of one crypto firm known as Brave New Coin. He has a very positive and assertive prediction for the bitcoin in 2019. He believed that the bitcoin price would finally touch $200,000 by the end of the year 2019. He added in a recent interview with Inverse that, the adoption rate is going to be steady, hence, it would help bitcoin to rise so much by the end of this year.
10. Bitcoin Price Prediction by John McAfee
How can someone forget about the outstanding prediction of bitcoin price made by John McAfee? John is the founder of McAfee software company. He has been involved in bitcoin for a long time. He even claimed that he has met the founder of Bitcoin Satoshi Nakamoto personally. He has been a great admirer of bitcoin. He predicted the bitcoin price by the end of 2019-2020 to be around $1 million! Practically, it seems so early to predict the price to be at that extent but McAfee seemed to be confident about this prediction.