Bitcoin Headed For $100,000 Or $100? CEOs, Big Investors And Harvard Economist Predictions

Prediction 1: Institutional investors' money will increase Bitcoin's price The CEO of American Express-backed startup Abra has predicted that big investors will make "All hell break loose" in a recent interview with Business Insider.

Prediction 2: A decade from now Bitcoin is more likely to be worth $100 than $100,000 Kenneth Rogoff, a Harvard economist has predicted that due to the volatility of Bitcoin's price and the small number of use cases such money laundering and tax evasion mainly in his opinion, Bitcoin is more likely to be worth $100 in a decade than $100,000.

Rogoff also points out that the regulation of Bitcoin is also a big factor in his prediction, although he clarifies that only a global coordinated regulation could be effective.

The following graphs show the prices of Bitcoin, silver, gold, and uranium, and developments for the starting date of the futures market for each.

Because the supply of Bitcoin is limited like other commodities such as oil, those in control of the supply can have a considerable effect in the prices, such as OPEC in the case of the oil markets.

A big buy or sell order in the current cryptocurrency markets can move Bitcoin's price by a large percentage.

A big difference however from Bitcoin and the other altcoins compared to traditional commodities is that gold for example can be used as a store of value or to make jewellery, but Bitcoin and other cryptocurrency projects can potentially disrupt every single industry and institution.

Bitcoin's price in a decade $100,000 much more likely than $100. The Bitcoin bull market last year, especially in the fourth quarter, was mainly triggered by irrational retail investors according to some experts, as mentioned above.

A lot of predictions about the price of Bitcoin in the short-term are not very optimistic by now, mainly because professional investors can now short Bitcoin for the first time after the futures market launch by CME and CBOE last December as was pointed out in prediction 3.

Institutional investors and big corporations could be interested in the underlying technology and would be ready to start investing once the scaling, interoperability and other technological limitations of Bitcoin and DLT are solved.