What Will Bitcoin Be Worth In 2020?

Bitcoin is unique.

It is the first of its kind.

Compared to other currencies, bitcoin is deflationary in nature because of its fixed supply cap.

It is not possible to print more than 21 million bitcoins into existence.

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 $7,130 US Dollars to buy 1 Full bitcoin.(11.23.2019)

For your $100 dollars it would get you 0.014 BTC, or 1,400,000 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 $71,000,000 US Dollars.

So how do you value the price of one bitcoin?

Over the past 2 years I’ve gained a newfound understanding about money and how Bitcoin comes into play.

I used to assume money as anything that was given to me either in physical cash or 1’s and 0’s printed in my PayPal or bank account. It was purely blind trust.

To make an income, I provided my time and skills in exchange for money.

At the end of the day, I would keep a percentage (%) of my paycheck for myself and put the rest of it into a bank account.

bitcoin vs the dollar
Credit: Unchained Capital

That is how most people think about money. At least for the majority of people being employed by someone else.

This is how you make some money and hope that by your old age, you’d have enough to retire.

Unfortunately, that’s no longer the case.

Exhibit A – Dollar Historical Supply

Dollar Historical Supply

The 2008 Financial Crisis was a huge wake up call for all of us.

Anyone who lives paycheck to paycheck was sold on the idea that $1 would always be equal to $1.

Today, that $1 is worth 1 cent in terms of purchasing power.

The stability of your currency is an illusion. Don’t fall for it!

Exhibit B – Decline of Your Purchasing Power

Don’t waste your time listening to people trying to teach you the secret to financial freedom.

The central banks can create money out of thin air faster than you can say Jack Robinson!

The game is rigged. 

You work 40 hours a week year after year.

You slave away earning all that money.

Only to notice that everything around you is getting more and more expensive.

You end up needing to work extra hours, sometimes a second job or even taking on more debt just to make ends meet.

This is a silent theft that’s happening for decades on a global scale.

We were all born into this rigged game of monopoly ever since the gold standard was abolished.

Exhibit C – $9 trillion and counting

$9 trillion and counting: How central banks are still flooding the world with money

For the people, money is a store of value, for governments, it’s a system of control.

Money is a collective belief system.

We entrusted our leaders with this responsibility.

It ended up exploding in our faces. Most of us have been burned by this misplaced trust.

Why do you think the world is erupting in mass protests? From Chile, Ecuador, Lebanon, Barcelona, France, London, Argentina, Puerto Rico, Hong Kong, Iraq, Guinea, Bolivia, Algeria, Haiti, Egypt, Pakistan, Brazil, Sudan, Iran to Azerbaijan.

These uprisings and protests may be about something else entirely.

But what they’re really about, underneath it all, is money… and hopelessness.

And this is what’s driving so much anger, radical politics, and the growing racism in our society.

When money creation is left in the hands of a few men, there will be zero constraints

The thirst for more power and control bites the very hand that feeds it.

We will not know for sure, how many more dollars would exist in the next decade.

It is purely a limitless function. An effective form of enslavement which is deeply insidious.

If You Want To Be Rich, Stop Focusing On Your Salary (Do This Instead): How do the rich get richer? Find out here…

Price Discovery for a New Kind of Money

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 it 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.

Bitcoin Will Hit $1 Million … Eventually?

Valuing Bitcoin is pretty straight-forward.

On a long enough time-frame, we can only presume that since Bitcoin has a fixed supply of 21M units, that demand can only increase over time.

This would certainly leave an incredible upside to be captured by holders of bitcoin who are patient enough for mass adoption to kick in.

IBM’s Jesse Lund who heads their blockchain division certainly thinks so. In an interview at Think Conference, Lund suggested that $1,000,000 isn’t exactly crazy as it sounds since at that number, each Satoshi would be valued at $0.01.

He believes that speculators are currently holding back Bitcoin because they’re using it to make more fiat money. Adding more 1s and 0s to our bank balance sounds a little more insane especially when central banks continue to ramp up quantitative easing.

Hold on to your hats! We’re about to see which of these crazy predictions could come true.

1. McAfee – $1 million Bitcoin Prediction (December 31st 2020)

Impossible for me to lose bet” 

McAfee famously claimed in 2017 that if Bitcoin doesn’t move above $500K within 3 years, he would eat his own genitalia on national television.

And when he realized that the price of bitcoin would later exceed $5,000 by the end of 2017, he revised his prediction to $1 million by the end of 2020.

At the moment he is way off track from making a winning case for his audacious prediction. This Bitcoin Price Prediction Tracker shows exactly where bitcoin is, 496 days behind schedule and 90.9% below the targeted price point.

When asked on Twitter whether he’s worried about the prolonged crypto winter that has , he argued that “It’s mathematically impossible for me to lose that bet.

He believes that like all revolutionary technologies, they take time to play out, but they’d always win, and no power on earth can ever stop the future from happening.

At the moment though, the price of bitcoin should be holding around $44,500 in order to follow a steady path towards $1 million per bitcoin. But like any revolutionary ideas, they don’t always follow a straight path to mass adoption.

Perhaps it would be wise to first learn whether Bitcoin is worth that kind of money in the first place… This Resource Library might help.


2. Zhu Fa – $740,000 Bitcoin Prediction (Next Bull Run)

Unlike John McAfee, Zhu Fa, co-founder of Poolin believes that bitcoin could surge between $74,000 – $740,000 in the next bull run.

While he didn’t give an exact date, he shares the sentiment that bitcoin is currently at its lowest point. He believes that now is the right time to buy & stock up on bitcoin because its dirt cheap.

He commented on WeChat in February echoing another Chinese billionaire, Zhao Dong who states that now is the time to accumulate bitcoin because the “only thing investors need is patience.

Zhao Dong’s predictions are a little more modest, citing $50,000 per btc by 2021. He explains: “If you and I believe in the future of bitcoin, it’s best to hold as much as possible when nobody cares.

3. Naeem Aslam – $400,000 Bitcoin Prediction

Aslam a Market Analyst and columnist at Forbes who has appeared on CNBC and Bloomberg believes that the market has hit rock bottom and could surge to more than 10,000% to $400K.

With over a decade of experience in trading Forex, commodities and equities under his belt, Aslam is another Bitcoin bull who has recently suggested that the 15-month long bear market has come to an end, and we’re already seeing signs that the bitcoin price is already picking up.

there is a high chance that the next bull run has a minimum potential of pushing the price 5 times higher. That is over $100K. I […] believe that each Bitcoin can go up as much as $400K and if history repeats itself, this number is not a fool’s paradise.
His report indicates that the bitcoin has already suffered a major correction like the ones in 2011 and 2014.


4. John Pfeffer –  $700,000 Bitcoin Prediction

John Pfeffer who heads his London-based investing firm, Pfeffer Capital; went up on stage in the annual Sohn Investment Conference in New York and recommended Bitcoin to some of Wall Street’s best hedge fund managers.

In the 23 years of history, the Sohn conference is where some of the markets top recommendations such as Amazon to Valeant Pharmaceuticals were presented for the first time.

Although he did no give a timeline in his prediction, he explains that he arrives at the figure assuming that Bitcoin completely replaces all gold bullion that’s privately held. That’s around $1.6 Trillion in gold.

The only caveat is that he places the odds of this happening is a mere 1%.

Bitcoin is the first viable candidate to replace gold the world has ever seen. So, if Bitcoin becomes the dominant non-sovereign store of value, it could be the new gold, or new reserve currency.” – John Pfeffer.


5. Cameron Winklevoss – $320,000 Bitcoin Prediction (10 years)

In an interview with CNBC in 2018, he explained that bitcoin could rise up to over 40 times its current price one day.

He hits at critics saying that it’s their “failure of the imagination‘. Bitcoin disrupts gold, and if you look at the properties of gold, scarcity makes gold gold!

Bitcoin is fixed in supply, so in other words, it’s actually better than scarce. What’s more it’s portable, fungible and more durable.

So if you look at a $100 billion market cap today, now last week it might have been more like 200, so it’s actually a buying opportunity, we think that there’s a potential appreciation of 30 to 40 times because you look at the gold market today, it’s a $7 trillion market, And so, a lot of people are starting to see that, they recognize the store of value properties. So, we think regardless of the price moves in the last few weeks, it’s still a very underappreciated asset.” Cameron said.


6. Bobby Lee – $333,000 Bitcoin Prediction in 2021

The co-founder of BTCC, a HK-based crypto exchange, Lee who has weathered two previous storms that saw bitcoin fell from the all-time high of $1,200 in 2013 to just $150 in 2015 believes that the current bear market is also reflecting this previous pattern.

If history repeats perfectly, then the current bear market for #Bitcoin would bottom out at $2,500 next month, in Jan 2019. And then the next rally would start in late 2020, peak out in Dec 2021 at $333,000, and then crash back down to $41,000 in Jan 2023, tweeted Bobby Lee.

Question is, do you have the stomach to weather declines of up to 87%? That is essentially the risk and rewards associated with Bitcoin.

Ultimately, he likes the $60,000 price level as it reflects a total circulation of $1 Trillion which will be a momentous milestone for BTC. After that, Bitcoin will achieve better price stability.

For the long term, he feels that $1 million per btc is not out of reach.


7. Tim Draper – $250,000 Bitcoin Prediction (2022)

Hodling the Future in Place of the Past “I think bitcoin is the future currency,” ~Tim Draper

Tim Draper believes that Bitcoin is more secure than the dollar. Keeping money in the bank will soon be an anachronism.

Fortune Favors the Brave
More than 30 years since Draper founded his company, with assets of over $5 billion, Tim is now a crypto entrepreneur putting millions of dollars into Bitcoin. Draper snapped up the Silk Road bitcoins auctioned by U.S. Marshals in 2014 and has become a crypto millionaire ever since. He acquired 32,000 bitcoins, at $18 million.

Read: What Tim Draper Told Forbes in an interview during a Tech Summit.

People ask me, Are you going to sell your bitcoin for fiat? and I say, Why would I sell the future for the past? @timdraper”

“I don’t know why anyone would want to go back to fiat when crypto is distributed, secure and global, while fiat is subject to the whims of political forces”. @timdraperClick To Tweet

CoinZodiac Recommends: Top 10 Reasons to Buy (More) Bitcoin Immediately

8. Thomas Lee – $125,000 Bitcoin Prediction (2022)

Tom Lee the founder of Investment advisory Fundstrat provides a positive outlook for Bitcoin in 2019. He states that “many headwinds of 2018 are turning into tailwinds.

He expects Bitcoin to stage a recovery by the end of the year. At the moment he has reduced his year-end prediction at $15,000 per btc.

Billionaire Mike Novogratz predicts a $20 Trillion market for cryptocurrency that would also place bitcoin’s price well into the 6-figure mark. He adds:

“There’s 118 elements on the periodic table, and only one gold […] Bitcoin is going to be digital gold, a place where you have sovereign money, it’s not U.S. money, it’s not Chinese money, it’s sovereign. Sovereignty costs a lot, it should.”

Although he further explains that it won’t go there in a linear predetermined path.


9. Wences Casares – $1,000,000 (by 2027)

Top 10 Crazy Bitcoin (BTC) Predictions that Could Come True. Coinzodiac

The CEO of Xapo in Palo Alto, California believes that Bitcoin has a huge case to make in his home country in Argentina. There, people are concerned about the local currency being printed out of value unlike the United States.

Casares is also a board member at PayPal, but he bought his first bitcoins in 2011.

He said at Consensus 2017 held in New York that Bitcoin could hit one million dollars as early as 2022, but said that it could be a decade or so before it reaches that milestone.


10. Chamath Palihapitiya – $1,000,000 (by 2037)

Another early investor of bitcoin in 2012. At one point he owned as much as 5% of all Bitcoin in circulation.

As the founder of Social Capital and the co-owner of the Golden State Warriors, Chamath predicts that Bitcoin may reach $100,000 in 4 years but it will ultimately touch $1 million in 2037.

He said, “This thing has the potential to be comparable to the value of gold…This is a fantastic hedge and store of value against autocratic regimes and banking infrastructure that we know is corrosive to how the world needs to work properly”

Questions to Ask yourself before Buying Bitcoin

*Disclaimer: This is not investment advice. Investing in digital currencies carries a substantial amount of risk. Never invest more than you can afford to lose.* I own Bitcoin and i’m going long term on this (10-20 years)

  • PlanB :Stock to Flow  | Digitalik
  • DCA tool , save money over time
  • Bitcoin is not a get rich quick scheme/. It is not a pyramid scheme

How Satoshi Nakamoto Used the 1950’s Game Theory to Design a $100 Trillion System

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.

Do you still want to save your hard earned money in your local government currency?

I know I don’t. I also know many others who are gradually opting out of the charade.

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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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