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What Will Bitcoin Be Worth In 2020?

Bitcoin is unique.

It is the first of its kind.

Dissimilar to most currencies and assets, bitcoin is deflationary in nature because of its unique cap in supply.

It is not possible to print or clone more than 21 million Bitcoins.

Think about this… There are roughly 35 million millionaires in the world. That would mean if every millionaire wanted to own an entire Bitcoin, they wouldn’t be able to. Sadly there’s just not enough to go around.

You might ask, won’t this cause an issue with adopting Bitcoin as a digital currency?

Well, bitcoin’s deflationary supply would be a non-issue because it is divisible. You could use bitcoin up to 8 decimal places. And its smallest fraction is called a Satoshi.


1 Satoshi = 0.00000001 BTC

10 Satoshi = 0.00000010 BTC

100 Satoshi = 0.00000100 BTC

1000 Satoshi = 0.00001000 BTC

10,000 Satoshi = 0.00010000 BTC

100,000 Satoshi = 0.00100000 BTC

1,000,000 Satoshi = 0.01000000 BTC

10,000,000 Satoshi = 0.10000000 BTC

100,000,000 Satoshi = 1.00000000 BTC


Right now, it cost $10,410 US Dollars to buy 1 Full bitcoin.(September, 2019)

For your $100 dollars it would get you 0.0096 BTC, or 960,000 Satoshis.

When Bitcoin first appeared, no one really thought a Satoshi would have any real value.

But on 22nd May 2010, Laszlo Hanyec bought a pizza for 10,000 Bitcoins. (1 Bitcoin then was at USD 0.0025)

Today that pizza is worth $100,000,000 US Dollars.

Part of appeal for bitcoin comes from the concern for the economy.

People were rushing to liquidity and hard money during the Great Depression in the 30s.

During the 2007-2008 Global Financial Crisis, panic people were rushing to the money, so you started seeing the prices of all things denominated in the dollar sign falling.

The deflationary aspect of Bitcoin became highly regarded after that and started increasing in value.

If the current price for bitcoin can be sustained for the next 3 years, the value of Bitcoin will increase drastically like what we have seen the past 2 months alone.

Learn more what famous Billionaires have to say about Bitcoin.

Following the Chicago Board of Options Exchange (CBOE) launch of Bitcoin futures, bitcoin has taken the next step in its evolution.

Exposure to institutional and wall street investors.

Bitcoin futures (XBT) contract experienced a rollercoaster of rallies and dips on the opening day on December 10, 2017.


The website of CBOE says: “Get Exposure to Bitcoin Price Moves without Holding Bitcoins.”Click To Tweet


It saw prices that rose so quickly that trading had to be suspended twice in the first few hours.

The contracts traded at a whopping premium, of up to $2000, to the spot price.

The frantic spikes are suggesting that there are more buyers than sellers on the Bitcoin futures market at the moment. (Selling offers one way you could bet against bitcoin)

Some including myself believe that the introduction of futures trading is the first step towards lending some legitimacy to Bitcoin.

It is the volatility of Bitcoin that attracts many traders & speculators at the moment. The aggressive lot loves the volatility. They salivate over the opportunity that such wild swings are present.

The wide price gap between the contract and spot trading signifies that the people are reluctant to take exposure to cryptocurrency though they want to benefit from any likely rally.

There is at least one academic who thinks bitcoin will go beyond $100,000 apiece by 2021. Harvard academic Dennis Porto, himself a bitcoin investor, believes that the crypto will far exceed any other predictions by 2021.

Business Insider UK quoted Porto as saying that the bitcoin price could reach $100,000 by February 2021 if one considered Moore’s Law, one of the golden rules of digital technology.

According to this law, the effectiveness of rapidly growing digital technologies doubles within a repeatable, consistent time period.

According to Dennis, bitcoin price has almost doubled every eight months throughout its short history. There is no reason why the crypto should not continue to do that a few more times.

To another set of experts, the demand-supply balance will dictate the price of bitcoin just like any other commodity in the market.

The estimated number of bitcoins in circulation now is a mere 16.5 million, which will be capped at 21 million by 2130. This means the number of bitcoins available for trade will grow at a constant rate.

The limited rate of growth, which will continue to inhibit the release of new coins to a finite number, will tend to push up the price in astronomical proportions, writes Ellery Davies, Co-chair of Cryptocurrency Standards Association.

It is human nature that when there is a widespread perception that the availability of a commodity will become limited, there will be a mad scramble to hoard it.

That will work in favor for the value of bitcoin in the future as more and more investors eye a piece of the action.


James Altucher, bestselling author, predicts that Bitcoin could easily reach $1 million a coin by 2020.Click To Tweet


At least some however, suggested that everyone should account for the possibility of an emerging cryptocurrency that is cheaper and faster than bitcoin’s current network.

As more and more people succumb to the fear of missing out, they are definitely going to jump into the bandwagon.

There is a possibility that the crypto market space will be shared by multiple currencies, each with its own unique feature; reducing the attractiveness for just one single dominant coin.

While the continuing surge of bitcoin is defying all matters of logic and has only flummoxed the most respected financial experts, CEOs and tech entrepreneurs alike; in general, bitcoin is currently showing signs of a buying frenzy..


To me, nothing world-changing is ever stable and subdued.


According to most highly respected economists, this is where bubbles are formed and economic meltdowns can happen.

Most of these respected economists are referring bitcoin’s surge in price to some of the world’s most infamous bubbles like the Tulip craze.

All in all, if you think you’re really buying Tulips at the moment, think again.

This technology is here to stay.

Bitcoin is a brand-new asset class that is completely different from stocks, bonds and traditional currencies. There is practically no historical comparison.

Like the internet before, cryptocurrencies can potentially reshape an entire economy.

At this point in time, it offers a very rare but unique opportunity for many ordinary individuals like you and I to be a part of something global happening simultaneously and instantaneously around the world.

This is a global financial ecosystem taking its first deep breath.


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Winson Ng

I Started hearing about bitcoin only in November 2017. As a solo-preneur who has build around the Maverick Philosophy, I found bitcoin to be just the tip of the spear. I watched to see who was getting into it, some of the smartest entrepreneurs who has made their fortunes being the first movers allocated portions of their investment portfolios to Bitcoin. I studied and realized that if it worked, bitcoin was going to be the first global decentralized currency. And that has never existed before. Ever. I was Hooked!

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