There's nothing like this (hopefully) million-Bitcoin question to catch our experts unaware: how much will Bitcoin be worth by Christmas?
The last time we served as a medium between the indusrtry's professionals who made this prediction and you, our readers, was a month and a half ago. One interesting result is that the average price prediction this time remains little changed from then – US$2218 now compared with US$2072 previously.
Never mind the long-term predictions; Cointelegraph wanted to stare into the crystal ball just a few months - and the answers we got were curious.
Take a peek at the video below from the Inside Bitcoins Hong Kong and CEBE conferences - we interviewed leading lights from a host of Bitcoin entities and startups, so you can sit back and ponder the speculations from the experts.
Like what you hear? Be sure to follow Cointelegraph for more of the latest news and analysis on everything Bitcoin and crypto.
What have people said:
Alan Meckler from Mediabistro - In 5 to 10 years, we could see bitcoins as high as $10–$15,000 or higher.
Vitalik Buterin from Ethereum - It’s too hard to tell.
Dan Wells from DanWellsRacing.com - $900
Security expert Pavel Kravchenko - $800 to $900
Zennon Kapron from Kapronasia - It’ll either be worth a couple of dollars and be an enthusiast currency, or it could be worth quite a bit of money and be generally accepted by the population
Bastian Brand from Pathfinder Capital - I can imagine that it comes up again to 1,500, something like that, and the main driver of that will be finally the launch of Bitcoin ETFs.
Xavier Hawk from Permacredits - $5,432
Noah Silverman from Smart Media Corporation - Christmas this year, I’d like to see a $900 Bitcoin.
Josh Zerlan from Butterfly Labs - We’ll see a dip, and then we’re going to start climbing again.
Stanislav Wolf from Yacuna AG - Bitcoin just holds still and gains more traction.
Tone Vays from LibertyLifeTrail.com - Around $1,000
Lutz Auffenberg from Winheller Attorneys at Law - $1,021
Leonhard Weese from Bitcoin Association of Hong Kong - 3,000 US. Just a wild guess.
Guy Corem from Spondoolies-Tech - So, above $1000 per Bitcoin.
Economist Zheng Weiwu - 1000 to 3000 USD
Arthur Hayes from BitMEX - $1,200
David Johnston from BitAngles - I think the price will take care of itself.
Eddy Travia from Seedcoin - I will aim for $1,500 this year.
Antony Lewis from itBit - I don’t comment on exchange rates. I don’t really have a view on price.
Michal Wendrowski from Rublon - $4,600
Adam Krellenstein from Phantom Phreak - $3,000
Denis from CoolIT Systems - That is a million-dollar question. I have no idea.
Martin Westhead from Groupon - Anywhere between 200 and 3,000.
Star Xu from OKcoin - As a CEO of an exchange, I cannot predict the price.
Adam Vaziri from Diacle Ltd. - On the whole, I think it’s the infrastructure that’s improving. As a result, people are having more confidence in the price.
Hugh Madden from ANX - Around $1,100
Jorg Platzer from Room77 - The exchange rate right now is absolutely irrelevant. It’s the technology that counts.
Cyril Houri from Brawker - We’re going to have like a plateau again, but this time around $1500 rather than the $5–600 where we are now.
Benjamin Bommhardt from Draglet GMBH - It might be at $3,000 or $3,500 at the end of this year.
Ken Lo from ANX - $2,000
Dmitry Murashchik from Mycelium - $2,000 to $5,000
Jean-Marie Mognetti from Global Advisors - $900, if not higher
Marco Streng from Genesis Mining - Well, I guess that it will break $1,200 in any case.
Anson Zeall from CoinPip - Around $900
Verdan Kajic from Bspend - Around $3,000
Dave Chapman from ANX - To be honest, I don’t really care. That’s not where I think the most prominent feature of Bitcoin is. I’m not one to speculate.
Dominik Zynis from Mastercoin Foundation - $3,000 to $5,000
Yurii Rashkovskii from Gitchain - Around $800
David Shin from Cryptomex.io - $1,000 between now and December