Bitcoin and other cryptocurrencies have generated some life-changing returns for investors over the past few years. It looks like Bitcoin will close the year 2017 with a gain in excess of 500%, while Ethereum is on track to return nearly 4,000% to investors that bought at the start of the year!
Can Cryptocurrency Prices Continue Higher?
I believe there is significantly more upside ahead for cryptocurrencies. Part of the reason is that they are still in their infancy, with the technology still developing and adoption still very low. If you understand the revolutionary nature of blockchain technology and free-market money, you will conclude that things are just getting started.
Futures trading on the COMEX exchange is confirmed and we are likely to see the first Bitcoin and Cryptocurrency ETF in the near future. Once institutional money begins flowing into these high-return investments, prices could soar.
At the present time, it is estimated that less than 1% of the population holds any Bitcoin. With a strictly limited supply of 21 million and rapidly growing demand, the price has the potential to climb much higher. If just 10% of the investing public were to buy Bitcoin, there would be a massive inflow of funds and new demand to push prices higher.
Here are my price predictions or forecasts for Bitcoin, Ethereum, and Litecoin over the next few years...
Bitcoin Price Prediction / Forecast
2017 Bitcoin Price Prediction: $8,000
2018 Bitcoin Price Prediction: $25,000
2019 Bitcoin Price Prediction: $100,000
2020 Bitcoin Price Prediction: $200,000+
Ethereum Price Prediction / Forecast
2017 Ethereum Price Prediction: $400
2018 Ethereum Price Prediction: $2,000
2019 Ethereum Price Prediction: $6,000
2020 Ethereum Price Prediction: $15,000+
Litecoin Price Prediction / Forecast
2017 Litecoin Price Prediction: $80
2018 Litecoin Price Prediction: $1,000
2019 Litecoin Price Prediction: $6,000
2020 Litecoin Price Prediction: $15,000+
I don't have a crystal ball and these are just my personal predictions based on my research. If you want to follow which cryptocurrencies we currently hold in our portfolio, which initial coin offerings (ICOs) we think have the greatest potential, plus receive our monthly newsletter and weekly trade alerts, click the button below to get started.
