The changing market of the cryptocurrencies constantly catch the attention of millions of people around the world. The bullish trends or bearish bitcoin, for example, are topics of discussions among operators, investors and of the users themselves. Such is the case of @ChartsBtc who produced a collection of 11 predictions of the price of bitcoin for the next decade.In his compendium included the views of John McAfee, @ArminVanBitcoin, Murad Mahmudov, Tim Draper, Thomas Lee, Alistair Milne, @geertjancap, @phraudsta, @100trillionUSD, @nsquared and your own prediction on the price of bitcoin for the coming years.One of the highlights of the collection is that none of the participants looks to bitcoin for under 10 thousand dollars after 2020. The collection of predictions made by @ChartsBtc points out that the price of bitcoin would continue to rise in the coming years. Source: @ChartsBtc on Twitter.The prediction more daring is the of McAfee who sees bitcoin with a price of $ 1 million for next year. There are others like @nsquared, @ArminVanBitcoin and @100trillionUSD they feel that this price will be reached, but at some point between 2028 and 2030.The general opinion is that bitcoin would earn over 1,000% between mid-2020 and mid-2024. That is to say, the predictions have as a floor the 10 thousand dollars, and a cap that would exceed USD 100 thousand.
Prediction for 2020
For 2020 the most is the outlook with a bullish trend with variations ranging between 10 thousand dollars and close to 90 thousand dollars, with the exception of McAfee and of Mahmudov. This last is one who thinks that bitcoin will reach a ceiling that will exceed the barrier of 100 thousand dollars between 2024-2025, then falling to around USD 50 thousand at the beginning of 2026.In theory, the vertiginous climb that would take bitcoin next year would be related to the reduction of the reward to the miners or the halving that will lead to the issuance of the currency of 12.5 BTC to 6.25 BTC, a fact that will happen in may of 2020. This is an automated process of the network Bitcoin on the miners to see reduced to half the incentive they receive for the generation of blocks. In the case of Bitcoin this event occurs every 210 thousand blocks.By assuming that the price of bitcoin will continue to rise, the analysts would be taking for granted that the adoption at a global scale the main criptomoneda of the market will continue rising, as the technological development, which would open the doors to new brands in the market capitalization.It is important to remember that the predictions refer to possible prices, not as a probability definite or a certainty to happen that way. The market of the cryptocurrencies has shown in the past that can be very volatile with daily fluctuations that can reach 80% or more in some projects of cryptocurrencies.On December 17, 2017, bitcoin reached its historical maximum, reaching more than 20-thousand dollars in some markets of cryptocurrencies. Since then, its price has fluctuated, reaching a minimum, to 2019, for us $ 3,400. At the time of writing this article the price of bitcoin was 8.538 dollars, according to the index of markets Breaking News.