Biggest Bitcoin Price Prediction This Week – Analysts Bet on $500K and $288K Bitcoin Price


Overview :

  • There are a handful of Bitcoin price predictions made for the mid to long term, or with no time scale at all, that are still standing today. Here are some of the most exciting predictions from Bitcoin’s most legendary evangelists.
  • American broadcaster and crypto proponent, Mr.Keiser predicted that Bitcoin could reach $500K. 
  • Bitcoin analyst PlanB considers the S2F model and predicts one hundred trillion dollars BTC trading volume in the coming days.

The first quarter of 2020 has been crazy with coronavirus pandemic urging people to quarantine themselves and watch the world out. However, little did we know that it creates and boosts the awareness of digital forms of money, such as Bitcoin. 

That being said, some prominent crypto personalities believe Bitcoin will attain a $500K mark and some believe bitcoin trading volume will become One Trillion Dollar in the coming days. 

Surprised!!! Let’s dive into it and understand how.! 

Bitcoin and many altcoins are struggling to rise above the threshold. We saw Bitcoin raising to its highest, above $10,000 but just for a couple of hours and slipped within no time. Bitcoin price saw less fluctuation this week with price sitting at the mark of $9200.

Max Keiser Predicts Bitcoin at $500k 

Max Keiser’s recent price prediction of Bitcoin is one of the most bullish ones that made headlines this week. In the latest episode of ‘Max Keiser Report’ TV show, popular American broadcaster and crypto proponent, Mr.Keirse predicted that Bitcoin could reach $500K. 

Here’s Why he bets high on it! 

The reasons presented by him are very interesting!! In his opinion, the United States would start the giant hash rate war with Iran and Venezuela, and therefore, bitcoin price will plunge to $400K-$500K.

The crux of the matter is that Tehran, the capital of Iran controls 3 percent of the bitcoin hash rate and Venezuela will quickly manage to control 3 to 5 percent. Henceforth, the United States will be forced to squeeze BTC.

” And then at some point, America will say, ‘We’ve got to enter the 21st-century space race of mining Bitcoin’, and then try to seek 20% of the hash rate, and then security goes up dramatically, and the price goes to $400,000 – $500,000, said Mr.Keiser. 


S2F Model Predicts Bitcoin Price Accurately-Analyst PlanB

The S2F model considers BTC as a commodity like gold or silver. It considers the existing supply of the cryptocurrency and the mined cryptocurrency and predicts the BTC price. According to this model, the BTC price might hit $100,000 by the end of 2021.

Mysterious Bitcoin analyst PlanB considering the S2F model predicts one hundred trillion dollars BTC trading volume in the coming days. Consequently, he has also shared a chart on twitter indicating a major bull run!! 

This time, the chart had a new Red Dot indicating Bitcoin’s block rewards were cut into half post two months of halving events.

However, the prediction faced negative reviews. Crypto quant fund Strix Leviathan’s CIO, Nico Cordeiro also questioned the model and its basis of prediction. He went on telling that S2F has failed for gold for 100 years and hence it’s just a telling tale rather.

In contrast, Max Keiser felt that S2F for BTC arguments are done to gain attention.

You May Also be interested in – Mike Novogratz reveals why the Bitcoin price is surging

What can we expect? 

Bitcoin price has been one of the obsessions of the crypto industry for many years. In fact, Google trends witnessed a number of searches for ‘next bitcoin bull run’. If experts predict a bull run is coming, the question is when? 

As per the reports on the web, the movement of bitcoin price depends on many reasons which in turn are dependent on several other factors such as any positive development in country’s laws or taxes, or a decline in market activities using fiat currencies, etc. in such case, Bitcoin demand increases, and prices too may plunge.

Finally, considering the present scenario around, what do you think, which Bitcoin Price Prediction might be accurate? 

Do you think Bitcoin will reach $500,000 or at least come near to it?

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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