Crypto Twitter was sent into a frenzy after a recent poll indicated that 63% of cryptocurrency users are hopeful that Bitcoin will reach $90,000 by 2022. The poll reignited the belief that Bitcoin will get to an all-time high that is almost five folds of its previous.
The poll piloted by popular crypto enthusiast Alistair Milne asked Twitterati if Bitcoin could get to $90,000 by 2022 as envisaged in the stock-to-flow models, and 63% said yes.
Before the poll ended, more than half of the respondents were sure Bitcoin will reach $90,000 by 2022.
Of the 6,497 votes cast, 63% were optimistic about Bitcoin’s uptrend growth, with other enthusiasts turning to doubting Thomases as reflected in the result of the poll.
13 percent of the respondents were sure Bitcoin will reach $90,000 but were not certain of the time, so they agreed for a later time. However, just 12% said Bitcoin will never touch the said price and another 12 percent said “Yes, but Big Mac = $1000”
German Bank Sees Bitcoin at $90K
A German-based bank has said the stock-to-flow model forecasts Bitcoin may reach $90,000 by the end of 2020.
BayernLB, a Munich headquartered bank as earlier revealed by NewsLogical, said by May 2020, Bitcoin price may reach around USD 90,000.
The forecast is one of the early involvement of big financial institutions in the analysis of the future price of Bitcoin.
The BayernLB’s analysis showed that after every halving, Bitcoin price increases. However, as the bank foresees a price of $90,000 by 2020, twitter poll respondents see BTC at $90,000 by 2022.
John McAfee Firm on $1 Million BTC Price by 2020
The twitter poll and BayernLb’s forecast conflict John McAfee’s prediction that Bitcoin price could reach $1 million by 2020.
Anyway, John McAfee, who just launched its decentralized Exchange today, remains firm on his prediction and agrees with Bayesian probability trader Peter Brandt’s medium-term forecast, but 2020 is few months away. We hope any of the predictions are right.
Bitcoin Market Price.
At the time of writing, Bitcoin is changing hands at $7,900 after falling from $8,000 within 24 hours.
It seems altcoin season is around the corner, as Ripple’s XRP and some other digital assets are increasing in price, lately. XRP has seen around 5 percent price increase as we write.