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In an exclusive to CoinTelegraph, 58 high-flyers from the Bitcoin community attending Amsterdam Bitcoin2014, predict where Bitcoin will be on Christmas day 2014. While some experts compared the task to attempting to forecast the weather on Christmas day – the time of year gives us a pretty good indication what the weather will be doing, and the predictions of some of our experts make a lot of sense given the current Bitcoin climate.
Opinion on Bitcoin Exchange Rate
btc, bitcoin, amsterdam, community, price, bitcoin2014
Of special interest were predictions by Sam Cole from KnCMiner who said:
“Large financial players areentering the market this year. I am talking to some of them. If they are tobecome involved they need the coin to be valued at around US$2,000 to US$3,000…So I am predicting around US$2,000 to US$3,000.”
Interestingly, Dr. Marco Krohn from Genesis Mining suggested the samefigure of US$2,000 to US$3,000. What is it that miners know that the rest of usdon’t? It seems they are expecting a second Bitcoin rush this year.
This point of view was supported by Bitcoin investor Trace Mayer whobelieves the latest innovations in the cryptocurrency will enable Wall Streetto come into Bitcoin which will push the price up “significantly higher.”
However, while many are placing their bets on an increasingly valuablecoin, members of the Bitcoin Foundation emphasised that for Bitcoin’s long termsuccess, the price is largely irrelevant. Jinyoung Lee Englund from thefoundation observed that:
“It is like an early stagetech-startup, price isn’t a measure of success… What is a measure of success isthe mass consumer and merchant uptake. One of the merchant payment processors,have signed over 26,000 merchants.”
Dotsub’s David Orban believes that the price is going up but also emphasisedthat price wasn’t everything:
“Announcements in the spacewill drive the price up, but rather than concentrating on exchange rates weneed to focus on applications that give value to Bitcoin.”
However, some were more bearish on Bitcoin’s growth. Bobby Lee from BTCChina, who has been hit with uncertainties over regulation in China, offered amuch more modest price, suggesting that it would be over US$500.
In the meantime, be sure to watch Coin Telegraph’s exclusive interviewsand decide for yourself who makes the best case and then wait to see whatpresents Bitcoin will bring you this holiday season.
Sponsors are welcome to offer a prize for the best prediction, pleasecontact: firstname.lastname@example.org
Tamas Blummer, Bits of Proof - Don't know
Jesse Powell, Kraken - $1,000,000
Prof Robin Reigland, Stockholm School of Economics - $1,300
Kirill Suslov, Tabtrader - $500
Johann Gevers, Monetas - $5,000
George Frost, Bitstamp - Can’t say
Anthony Gallippi, Bitpay - $1,160
Mary Beth Stanton, Heather Podesta and Partners - Higher than what I paid
Joel Gartner - $2000-$3000
Alakanani Itireleng, Bitcoin Botswana, $10,000
Jinyoung Lee Englund, Bitcoin Foundation - Not relevant
John Karamja, Whive, $2,000
J. Dax Hansen, Perkins Coie - No idea
Brian Klein, Baker Marquart LLP - Higher, but don't know where
Elizabeth Ploshay, Bitcoin Magazine - Doesn't matter
Thomas Voegtlin, Electrum - No comment
Joseph Cutler, Perkins Coie - Beginning to stabilize
Alexey Bragin - I am optimistic
Brian Fabian Crain, Epicenter Bitcoin - $2,000
Brian Armstrong, CoinBase - Going upwards
Lars Christensen, Saxobank - Don't know
Bobby Lee, BTC China - $500
Juan Llanos, Unidos Financial Services Inc - $500
Trace Mayer, Investor - really big
Laura Jeppson, Aoen Risk Solutions - $800
Dr. Marco Krohn, Genesis Mining - $2000-$3000
David Schwartz, Ripple labs - steady rise
Nahid Samsami, CoinBase - No comment
Erik Voorhees, Coinapult - $2,400
Rodrigo Batista, Mercado Bitcoin - $0 - $10000
Gavin Wood, Ethereum - $200-$800 or $900
Peter Todd, Mastercoin - between 0 and infinity
Mark van Cuijk, CoinQY - $2,000
Lasse Birk Olesen, Bitcoin Nordic - $4,000
Brock Pierce, Bitcoin Foundation - $1000-$5000
Gavin Andresen, Bitcoin Foundation - bigger than now
David Irvine, Maidsafe - more interested in what you can do with bitcoin
Ron Gross, Mastercoin - a few thousand dollars
Roger Ver, Memory Dealers - in the long term is going to be higher
Frank Schuil, Safello - $2,000
Marco Santori, Nesenoff and Miltenburg - Bitcoin has the power to change the world
Alan Safahi, Zip Zap - $500
Andreas Petersson, Mycelium - No idea
Jillian Friedman, Bitcoin Legal - $800
John Light, Cambrian - $1,000
Jon Matonis, Bitcoin Foundation - Logarithmic growth
Steve Beauregard, Gocoin - $600-$800
Gregory Simon, Cryptowerks - 2-3 times higher than today
Ravi Iyengar, Cointerra - higher
David Orban, Dotsub - Price to climb
Michael Terpin, Social Radius - $1000-$2400
Ron Gross, Mastercoin - $4,000
Martijn Wismeijr, MrBitcoin - I don't know
Sam Cole, KnCMiner - $2000-$3000
Edward, Cryptonit - $1000 at least
Patric Stiller, Baytrade Group - $1500-$2000
Kevin Beardsley, Bitcoin Foundation - As long as the community keeps growing
Alan Reiner, Armory Technologies - I don't make predictions.
Average price is two thousand and seventy-two dollars.
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