This article is dedicated to all visionaries who were able to foresee the five-figure value of bitcoin coming. The sole criterion for this list is that the prediction should have been made before 2017.
In December 2016, bitcoin was trading at less than 10 percent of the current value, so guessing $10,000 price at that time obviously raised many eyebrows.
The magical figure of $10,000 was hard to digest even for some bitcoin enthusiasts while these people became the laughing stock of the mainstream media and other people.
Billionaire venture capitalist and crypto investor, who supported Tezos, told Fox News on 13 September 2013, in a video interview that bitcoin could touch $10,000. He said “bitcoin I’m still predicting $10,000 per bitcoin in three years. It’s a hedge against fiat currencies. It’s a new way to transfer cash throughout the world in a much more efficient way.”
The famous founder of file-sharing website Megaupload which got shut down in 2012. Kim now runs Mega, which is an encrypted file storage service, and Internet Party, a political party that promotes Internet freedom and privacy. Dotcmo expressed a price target of $10,000 before 2012 in a tweet during December 2016.
Twitter user Alan Shore tweeted:
“@KimDotcom was right, wish I had money to buy bitcoin six months ago!”
To which Kim replied:
“$2000 in 2017, $10000 before 2020, Mass adoption starting next year. Enormous upside potential.”
A blogger by the name of Travis predicted the upcoming $10,000 bitcoin price on 28 December 2016. He compared the price of bitcoin with companies and believed that if bitcoin could just reach the market capitalization of Pepsi ($161 billion), it could easily surpass the $10,000 milestone.
He concluded his post by “Consider taking advantage of, or at least studying, the current opportunities in Bitcoin and Gold… may you prosper as $10,000 Bitcoin becomes one of those global realities.”
Joris de Ruiter
De Ruiter wrote an article, published on 27 June 2014, in which he shared four charts indicating bitcoin could go beyond $10,000. Though bitcoin took longer than Joris predicted, but after almost three years and five months later reached $10,000.
The charts he used to analyze and predict the price included the bitcoin price on a logarithmic scale where he noticed, “At the end of every bitcoin bubble, the value is about 2x higher than what it was. Every time.” Other ones included regression chart on bitcoin price vs. time and Google Trends chart, which showed explosive growth.
Rapoza though calling bitcoin a bubble in his Forbes article from December 2013, when bitcoin first broke the $1,000 level, also said “Government loves it. Investors love it. Criminals love it. The Chinese love it! This beast is going to 10k”. Well, he was right to say the least, discussions calling bitcoin a bubble never stop popping, nevertheless the price of bitcoin is seeing no up bounds and continues to go higher.