BTC was introduced a long time back even before the altcoins entered this revolutionary crypto industry. After years of struggle and support from the community, Bitcoin stood against the test of time and remained unfazed by the different challenges, all with support from the community.
While some people were skeptical about BTC in its early stages, the leader of cryptocurrencies currently ranks in first place among various crypto exchanges and crypto analytics platforms.
According to the Experts, What is BTC’s Future Price?
However, the question still remains — what do the industry experts think about Bitcoin aka BTC? What would be BTC’s value in the future, according to them? Without any further ado, let’s take a look at experts’ speculation on BTC’s price in the future.
Changpeng Zhao: BTC Could Reach $10M
The CEO of Binance, Changpeng Zhao, as well as various industry experts, have played a key role in the development of the crypto industry. During an interview with Bloomberg’s Day Break Asia Podcast, Zhao pointed out, “The advantages of Bitcoin over the traditional fiat currencies are clear.”
The founder of Binance also mentioned that Bitcoins rising adoption and interest among the crypto community promotes the flagship cryptocurrency’s rising prices. Moreover, he explained that Bitcoin’s rising price contributes to bringing new users to different exchanges including Binance. Finally, when asked about Bitcoin’s future estimates, Zhao made a rough prediction believing BTC’s price could reach $1 million or $10 million.
Robert Kiyosaki: Bitcoin, the People’s Money, Will Reach $500K
In February, American entrepreneur and famous author of ‘Rich Dad Poor Dad’ Robert Kiyosaki warned the Twitter community about an incoming “giant crash.” In the tweet posted by Kiyosaki, he mentioned that the Fed was forced to print billions in fake money, indicating the possible reason behind the impending doom.
The popular author further predicted that BTC would reach $500,000 in 2025, while gold and silver would reach an estimate of $5,000 and $500, respectively. Concluding his tweet, Kiyosaki stated that the US dollar is fake money, while BTC is the people’s money.
Cathie Wood: BTC Is Expected to Reach $1M by 2030
During an interview with Bloomberg, Cathie Wood, the CEO of Ark Invest, confirmed that she still believes that BTC would hit the one million dollar target by 2030. She further explained, “The more uncertainty and volatility there is in the global economies, the more our confidence increases in Bitcoin.”
Wood further mentioned that Bitcoin would act as “an antidote to counterparty risk” in the traditional financial system. One of the reasons is that Bitcoin’s blockchain ensures transactions are transparent, thus, allowing users to have a much better understanding of how little counterparty risk exists in the blockchain world.
Peter Thiel: Bitcoin’s Price Would Increase by 100x
During the Bitcoin Summit 2022, the co-founder of PayPal, Peter Thiel caught the attention of the crypto community and Bitcoin enthusiasts through his inspiring keynote address. Explaining BTC, Thiel expressed, “It [Bitcoin] was the canary in the coal mine. It was telling us that the inflation was coming in the last two years as it went from 6000 and increased by a factor of 10x.”
According to the PayPal co-founder, Bitcoin was also trying to inform the community that central banks are bankrupt and the fiat money regime would end soon. Furthermore, Thiel encouraged the community to fight against the different challenges faced by the crypto leader, which could increase BTC’s price by 100x.
Michael Saylor: BTC Could Increase To $10M
Earlier this year, Michael Saylor, the co-founder of MicroStrategy and Bitcoin enthusiast, announced that BTC has the potential to reach $10 million. Saylor mentioned that in an analysis conducted by the COO of OnrampBitcoin, Jesse Myers proved that Bitcoin has the potential to reach a $10 million price target in the future.
When Saylor was questioned about Bitcoin’s validity for hitting a significant price over time, the MicroStrategy co-founder stated his iconic quote, “If it’s [Bitcoin] not going to zero, it’s going to a million.” This could be an indication that Saylor would continue to remain confident in Bitcoin’s bullish sentiment.
The Future of Bitcoin
Industry leaders of various sectors have shown a keen interest in BTC as the crypto leader continues to remain strong against skeptics and their doubts. Moreover, Bitcoin’s adoption has grown rapidly showcasing its potential for the future. As more evidence pour in about the flagship cryptocurrency’s potential, the crypto community has shown signs that they remain confident about the cryptocurrency’s leader, Bitcoin.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
