50 Bitcoin Experts Reveal (Guess) What Bitcoin Will Be Trading At Within The Next 12 Months

Welcome to final part of the four part series asking Bitcoin experts to share their views on what the future holds for Bitcoin. We have so far looked into the following:

In part four we ask our experts what they think Bitcoin will be trading at in 12 months time. Here’s what the experts had to say:

Ken Lo, CEO of ANX responds:

I’m going to go out on a limb and say 35,000 USD/BTC. This is based on the assumption that all exchanges and measurements will move to mBTC as the defacto denomination rather then BTC at the moment.

Adrian, Founder of SatoshiBet responds:

Anywhere between $1,000 to $5,000

Kenneth Metral, CEO of Coingig responds:

In early 2013, I took a guess and said it would be close to $500 by the end of the year and it actually ended up breaking $1,000.

It is very difficult to speculate the price since the volatility is so high, but I think its fair to say that a valuation of at least $5,000 per Bitcoin in the next 5 years is not a stretch.

Obviously, this estimate is only capable if adoption continues to surge and the inclusion of bigger players such as Wall Street jumps in.

Kingsley Edwards, Founder of LeetCoin responds:

$5,000

Jonathan Speigner, CEO of LiteTree responds:

I think a safe bet would be it will at least double but more likely it will be at about $2,500. Litecoins price are for me and Litetree what would be more interesting I see the litecoin price being around $250 a year from now.

Mike Yeung, Founder of SFU Bitcoin Club responds:

No less than $5,000 per Bitcoin!

Jaron Lukasiewicz, CEO of Coinsetter responds:

$3,000

Alexander Lawn, director of KnCMiner responds:

No idea, I would be happy to see Bitcoin continue its rise, but not at the cost of stability. With increased adoption it can only increase in value, if that means within the developing world, who are only a generation behind w.r.t. mobile payments that rise could be dramatic.

Alan Silbert, CEO of BitPremier responds:

It should be a year of big name business adoption. $2,000.

Mrs P, the founder of The Bitcoin Wife responds:

$10,000 – $100,000 – I think right now is the is the cheapest we will ever see Bitcoin at again. February is going to be a rockstar month for Bitcoin.

Mark Norton, from Bitcoin Warrior responds:

I am guessing that Bitcoin is going to keep going through these birthing pains it has been having. We can expect to see sudden spikes and crashes with plateaus always higher than they were before. The ending price will really depend on what kind of news we hear during the year: Does Argentina go big for Bitcoin? Or Kenya?

Does one of the big investment houses, or a pension fund, suddenly decide that Bitcoin is a good investment and pour money in?

Or does the US decide that Bitcoin transactions across borders is a violation of currency control laws and crack down on Coinbase and CampBX? Pulling a number out of my hat, I’ll say $50,000.

Francisco Tomas Buero, Co-Founder of Conectabitcoin responds:

$10,000+

Nubis Bruno, Co-Founder of Conectabitcoin responds:

I’m more confident that bitcoin is going to be trading at $10,000 in 12 months than I’m of any of my previous answers.

Rodolfo Novak, Founder of Coinkite responds:

$10,000

Alan Donohoe, Founder of Bitcoin Association of Ireland responds:

Thats a tough question, the value of Bitcoin will be determined by regulation and some other factors which are ultimately controlled by government. I am optimistic, the sheer force of Bitcoin and the revolution it brings to our outdated currency systems will allow it to flourish.

The fact that there will be no more than 21 Million Bitcoin in existence will make them more valuable. The government can print money indefinitely, with Bitcoin this is not the case, The limit of 21 million bitcoins is “hard-wired” in to the protocol so as with any item as it becomes more scarce the value generally rises.

I would guess in 12 months 1 Bitcoin will be trading about the €800 mark.

Zach Harvey, CEO of Lamassu responds:

$10,000

Vitalik Buterin, Author at Bitcoin Magazine responds:

Low thousands seems reasonable. It will never again grow as fast as it did in 2013, but I think there is still quite a bit of progress to go.

Frank Schuil, CEO of Safello responds:

With the rise of other crypto currencies, predictions like these are harder to make. On top of that we are dealing with something that has a 10 billion USD market cap revolutionising something that has a trillion USD market cap. Anything can happen, but following the historic logarithmic growth $5,000 is possible.

Tony Tam, Co-Founder of Bitcoin Pulse responds:

Between $5,000 and $10,000. I bet around $8,000.

Flavio Rump, Co-Founder of Bitcoin Pulse responds:

My estimate is around $3,000 – $4,000

Daniel, Founder of Dagensia responds:

$1,066 USD/BTC

Simon Edhouse, Managing Director of Bittunes responds:

My guess would be somewhere around $2,200 to $3,400… maybe. I think it will dip up and down, but competition from other currencies, (and ones that do certain jobs better than Bitcoin) will hold back its steady rise.

Peter Seed, CEO of Tradefor responds:

$1,200

Developer/Webmaster of CryptoHits responds:

Well there is one thing I’ve noticed about BitCoin watching it rise as it has. It never seems to lose more than 50% of its value. And can rise by 200% or more in as little as a month or two.

I figure the price will bounce around from $800 to $1,500. Might jump to $2,000

Morgan Rockwell, Founder of Bitcoin Kinetics responds:

$25,000 by next year.

Ash Moran, Co-Founder of Bitcoin Manchester responds:

I’m guessing we’ll see another bubble this year, if so we could be looking at $8,000 – $10,000 per bitcoin in a year’s time. Pure, wild speculation though :)

Max, Co-Founder of Bitcoin Manchester responds:

$4,500

Alena Vranova, CEO of SatoshiLabs (TREZOR) responds:

It’s quite difficult to make a guess when there are so many uncertainties on the market. But lets strip it down to three possible scenarios.

1) If no unexpected event happens and the adoption continues to grow at current pace, then the prices should be rising slowly, up to $2,000

2) If there are good news (in terms of legislation, new technologies etc) then we can expect the price to go up even faster and our estimate would be anything from $5,000 to $10,000. Interesting will be to follow China, Russia and India as well as Africa, as these territories have a significant potential to be a game changer.

3) In case of negative events (Bitcoin code compromised, huge volatility caused either by market speculations or FED’s uncoordinated sales, restrictive legislation or negative media coverage) we might see anything around $50 BTC.

Ron Gross, Mastercoin Foundation Executive Director responds:

I have published my guess – $10,000.

Vytautas Karalevičius, CEO of Spectro Coin responds:

I perceive Bitcoin as a payment method, not as an asset class, so I think it does not matter if Bitcoin price will go up, down or in circles, more importantly how many transactions will be done with Bitcoin in 12 months and how much value will be created for whole economy by it.

I assume increase in turnover of daily Bitcoin transactions in dollar terms to raise 10 times, to half a billion USD a day (highly optimistic scenario that Bitcoin will catch PayPal in one year), so if current correlation between Bitcoin price and turnover perceives hence Bitcoin would cost between $1,800 and $1,900, but this estimate is very roughly and ignores a range of other factors.

Dominik Weil, Co-Foudner of Bitcoin Azerbaijan responds:

Given the current growth rate on all levels regarding the Bitcoin economy and as well as the technological innovations around it, I strongly believe that we will reach 5-digit-amounts of $/BTC within the given timeframe.

J.R. Willett, Founder of Mastercoin responds:

I expect the multi-year exponential trend-line to continue, although there are a huge number of variables which could expand the rate of growth or cause bitcoin to crash to near-zero. I personally expect bitcoin prices to be somewhere between $500 and $10,000 in 12 months.

Kevin Barnes, CEO of Playcoin Entertainment responds:

$6,500

Teemu Päivinen, CEO of Coinmotion responds:

The question everyone wants to know the answer to: What will Bitcoins price be in a year. I wish I could give a straight answer. I must, however, first explain my thinking.

Currently the value of Bitcoin is driven mostly by speculation, due to the immense gains of the past year. This is not a long term value driver. As Bitcoin is used more in actual purchasing transactions, instead of being held for capital gains, the underlying value of the currency will increase.

I would estimate that, in 12 months 50% of Bitcoin’s value is driven by purchasing transactions. Currently, I would guess, somewhere between 5-10% is used for the purchasing of goods.

Slowly speculation, on the scale it is being done today, will dwindle, and the currency will stabilize considerably. Due to this change in the underlying driver of value, I would estimate the price in 2015 to be around $1,500.

Keny, Founder of GetToKnowBitcoin responds:

It’s really tough to predict what the price of bitcoin will be in the next 12 months. But what I can predict is merchant adoption will go viral in the next 12 months. As big name merchants continue to implement bitcoin as a payment option more merchants will follow suite.

It’s a no brainer for merchants. They save 2% to 3% on every transaction. That means more profits or more savings for customers. There’s also no charge backs, which can be a big expense and liability for merchants.

The adoption by merchants will help stabilize the price of bitcoin. Because of merchant
adoption, I’ll predict bitcoin will be priced $1,100 to $1,300 during the next 12 months.

Michal Handerhan, CEO of BitcoinShopUS responds:

If US government will response positively I wouldn’t be surprised for Bitcoin rates to reach $4-5K levels. More importantly I hope we stay away from any major value swings that have been negatively effecting Bitcoin currency’s reputation.

Wouter Vonk, Founder of Bitgild responds:

It’s impossible to give a good estimate since it depends on so many factors, but I’m sure the volatility will stay for the coming years and possibly will go even more extreme than we have seen before. I am keeping me guess roughly between $2,000 – $5,000

Gabriel Miron, Founder of MEXBT.com responds:

USD $7,499 – MXN 99,328 – EU 5,540.26 – CNY 45,372
Esther Tung at the The Bitcoin Co-op responds:

As someone with skin in the game, I’m practically obliged to be optimistic. Let’s go with an all-time high of at least triple this year’s all-time high. But seeing as the prediction of the most renowned economist is about as good as a cat’s…

Antony, Business Development at itBit responds:

Depends on Wallstreet and Regulators.

John Delono, Founder of Bitcoin Reviewer responds:

Bitcoin is very unpredictable, but if I had to take a guess, I would say $10,000 per coin.

Eddy Travia, Co-Founder of Seedcoin responds:

$4,000.

Johnathan Turrall, CTO of MetaLair responds:

The fact that you are asking me this question I think is very interesting. Satoshi was very clever; he not only invented a system that was ultimately beneficial to society as a whole he also invented a system that plays to an individual’s motivation to make money.

Yes: everyone wants to know that they are getting richer because they are holding BTC. And Yes: it is a more effective form of money. Everyone benefits both in the short and long term. I don’t think you could invent a better system to entice people to join.

I have also not made my mind up about the belief that “deflation causes people to hoard their money” everyone I know sells a little BTC each time the price goes up. This seems to be spreading the currency in a very well designed way.

Just as we can’t be sure that actual deflation causes hoarding because we’ve never experienced true deflation. Only time will tell how this experiment will turn out. I don’t think anyone can predict where the exact price will be in 12 months but I am very confident it will be much higher than it is now.

Nikos Bentenitis, Founder of CoinSimple responds:

$5,000

Frederic Thenault, Founder of iceVault responds:

That’s the $100,000 question!:) I am not keen on encouraging speculation, and the honest truth is that nobody knows what it will be like. Bitcoin is a wonderful technological innovation and really helps move the needle in terms of changing and modernising the financial industry, by providing a great, peer-to-peer, decentralised network not owned by any central authority.

Now, it also still faces some hurdles and uncertainties (regulatory, technical, security, and some other limitations), so our only recommendation would be for people to use caution and only invest an amount that they can afford losing entirely. Obviously being optimistic doesn’t prevent one from being careful too.

Aaron Williams, Founder of Atlanta Bitcoin responds:

$5,000+

Michael Dunworth, CEO of snapCard responds:

$5,000

Daniel Mross, Director of The Rise and Rise of Bitcoin responds:

1 BTC = $2,860.23 on Jan 20, 2015 12:38AM… ;-)

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6 comments on “50 Bitcoin Experts Reveal (Guess) What Bitcoin Will Be Trading At Within The Next 12 Months

  1. Uncontrolled greed fuelled by wishful thinking. This is not an currency, since it is not a common means of exchange and it is not rooted in a central bank who will back it as lender of last resort. You all deserve everything you are going to get.

  2. @ MENDAX – I agree there is some wishful thinking here – however you clearly have absolutely NO idea what you are talking about. The whole point of it is that it doesn’t need a central bank. And not a common means of exchange? I suggest that you do a bit of research into daily volumes currently being traded! It is being accepted by more merchants everyday. (Again I suggest you google it)
    You’re comment reeks of not understanding bitcoin in the slightest and therefore you are scared of it, hence your purile ill thought out points.

  3. $10 000 next year
    $100 000 2016
    $1 000 000 2019

    By 2024 we won’t be talking $ anymore so the question is irrelevant. The dollar will trade at 1/10 000 000 BTC.

  4. Bitcoin is a brilliant payment system and the foundation has already been set. Bitcoin will not collapse because enough high tech, highly educated, and business minded people are vested in its sucess. Fluctuations will occur but with a global economy growing, bitcoin fills a need. No more currency conversion fees, easy flow of payments, etc. It is the global currency of the 21st century.

  5. …Aaaand…. August and only J.R. Willett, Founder of Mastercoin’s comment seems to carry any credibility at this stage… :-)

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