As with any new technology and trend, there will always be prognosticators who want to explain to the masses what is going to happen in the future. This is even true of the economists and the pollsters. One has to take all of these with a seriously large grain of salt and healthy suspicion as the predictions are only just that and not necessarily reality. I only need to point you to the 2016 US presidential elections to show you how wrong the pollster prophets were. They still seemed to not have recovered from their bad polling.
So with Bitcoin, we will look at some of the price predictions and other predictions that may or may not be accurate. Part of the issue is that this technology is still on the low side of the bell curve of global acceptance. So basically, the herd has not caught onto it just yet.
Just to put a little perspective on this short article, it is going on the last full week of April 2018 at the time of this report. Looking at CoinMarketCap, Bitcoin is priced at $8,879. Keep that in mind as we look at a few predictions for 2018 regarding Bitcoin. [1]
Standpoint Research under Ronnie Moas has predicted Bitcoin to be at $20,000 per coin by the end of November 2018. This is doable, based on the understanding that the stock market is overpriced and the USD is devaluing globally. Of course, the tax cuts in the United States opening up growth in the American economy may not have been a factor that was considered, which could slow down the devaluing of the USD.
Mike Novogratz is calling for Bitcoin to reach $40,000 by the
