• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Is The Approval Of Crypto ETFs At Risk? SEC Operations Frozen By Gov. Shutdown
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Is The Approval Of Crypto ETFs At Risk? SEC Operations Frozen By Gov. Shutdown
experts

How Far Will Bitcoin Go in 2017? Experts Weigh In With Predictions

Evander Smart
by Evander Smart
8 years ago
·
Posted in Bitcoin Price, Bitcoin, Interviews, News teaser, Op-Ed
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoinist asked digital currency experts Kim Dotcom, Reggie Middleton and Tone Vays to give us their thoughts on what we should expect from Bitcoin this year.


3 Prominent Experts Share Their Predictions

It would be hard to find anyone who predicted Bitcoin could more than double in value in 2016. Even the most ardent proponents can only be so optimistic. My view of its price went as high as $800 by year’s end, but I certainly didn’t see the afterburners coming in a December Bitcoin buying spree.

Where do we go from here? Is there something that can affect the Bitcoin price in 2017 that we should consider? I asked three experts in the digital currency space to give me their thoughts on what we should expect from Bitcoin this year and here’s what I discovered, starting with Bitcoin blogger and trader, Tone Vays.

Vays

I see a very strong start to 2017. A lot depends on SegWit passing, but it will be the confidence and speculation in the eventual consensus on SegWit being passed that should drive the price to as high as $2,000 by end of summer. (Just like the price went up 3 months prior to halving, then pulled back for 3 months then after). Then sometime in August, I expect a correction, so that at year end we should be in $1,500 – $1,750 range.

9a

Reggie Middleton is the creator of Veritaseum and has an impressive track record of predicting the future rises and falls in the financial markets. Yet, he was not willing to put a dollar amount on Bitcoin.

reggie_middleton_in_nyc

I’m reticent to give price targets since that’s not how I work, but I’m bullish. Bricking prices will move corollary to capital control.pressure from Asian and South American countries, as well contrary to the downwards pressure found in fiat currencies. More directly put, BTC will act as a put option on FICC (fixed income, commodity, and currency) downward movement or a call option on said volatility. Expect to see a lot of that as Trump takes office, the ECB bungles its macro policy and developing.nations.continue their war on cash.

It is always interesting to hear from the man, the myth, the legend known as Kim DotCom. With his upcoming Bitcoin project BitCache expected to hit the market shortly, I was expecting him to be pretty upbeat on “The Internet of money,” and he didn’t disappoint. Kim likes to think big.

Kim dotcom

To the average person, the current value per Bitcoin of $1,000 per Bitcoin seems high. But if you look at the market capitalization of all Bitcoin it is only $16+ billion. The market value of all the gold that was ever mined is approximately $7 trillion. It’s not hard to imagine that a mass adoption of Bitcoin could reach a market cap of more than $1 trillion. Do the math. Bitcoin are still incredibly cheap. A price per Bitcoin of $100000 is a possibility within a decade or two. Hold on to your Bitcoin. You’ll see a rise to $2000+ in 2017.

Price to Double Every Year?

I may or may not be a Bitcoin expert, but my two cents are that it should be safe to assume that Bitcoin’s market value should double every year, so approaching $2,000 this year, $4,000 the year after, and so on.

The upside for Bitcoin is as the greater global economy continues to spiral downward, and a growing number of nations begin a war on cash, as Middleton said earlier, people will slowly discover Bitcoin to be a valuable alternative, either as a currency or as an economic “safe haven.” A growing global digital currency in a world hellbent on taking the freedom of cash from the proletariat is a pretty good hedge, IMO.

Happy 8th Anniversary to Bitcoin! We're celebrating with a new release of Bitcoin Core 0.13.2. Download today! https://t.co/M4fIViyJXL pic.twitter.com/NiElVo5PCy

— Bitcoin Core Project (@bitcoincoreorg) January 3, 2017

What is working against Bitcoin is it still is suffering from scalability issues and limited mainstream adoption penetration. The Bitcoin community needs to come together on a way to handle more transactions than a few per second before Bitcoin can be all that it will be. Considering today is only Bitcoin’s eighth birthday as a publicly traded digital asset, it has come a long way in a short amount of time, but there are still major obstacles to overcome before it reaches its full potential.

Considering today is only Bitcoin’s eighth birthday as a publicly traded digital asset, it has come a long way in a short amount of time, but there are still major obstacles to overcome before it reaches its full potential.

What’s your prediction for Bitcoin in 2017? Share your thoughts below!


Images courtesy of shutterstock, Getty Images

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Evander Smart

Evander Smart

Follow

Full Profile

Related Posts

Bitcoin

Are Bitcoin Whales Back In Accumulation Mode? On-Chain Data Suggests So

23 hours ago
Bitcoin

Bitcoin Options Market Sees Bullish Shift: Calls Lifted In $136K–$145K Range

1 day ago
bitcoin

MARA Boosts Bitcoin Reserves By 373 BTC In September, Surpasses $6 Billion In Holdings

2 days ago
Bitcoin

Bitcoin Jumps To $120K, Catapulting Strategy’s Holdings To Record $77.4 Billion

2 days ago
Bitcoin

Bitcoin As The New Battleground—Sweden Signals Interest In Joining The Race

3 days ago
Tether wzmacnia rezerwy, kupując BTC warte miliard dolarów

Tether wzmacnia rezerwy, kupując BTC warte miliard dolarów

5 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • The Quiet Market Shift Investors Might Be Missing: How Tapzi Is Challenging Institutional Favorites

    The Quiet Market Shift Investors Might Be Missing: How...

    3 days ago
  • Investors Search for Long-Term Upside in This Under-$0.01 Crypto of 2025 Tapzi

    Investors Search for Long-Term Upside in This Under-$0.01...

    3 days ago
  • MoonBull Presale Explodes with over 11,800% Projected ROI as Uptober Sends the Market Soaring

    MoonBull Presale Explodes with over 11,800% Projected ROI...

    3 days ago
  • 狗狗幣引領『Uptober』Meme...

    3 days ago
  • ตัวละคร Snorter ขนฟูโต้คลื่นบนเซิร์ฟบอร์ดสีชมพู

    จับตา Uptober!...

    4 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.