No one can predict the future, so perhaps the best way to answer this question is with another impossible question, like this one from Jyri Mäkinen, who identifies on Quora as being “part of Blockchain Evolution.” He said: How much money is in the world?
This question, “How much are Bitcoin, Litecoin and Ethereum coins predicted to be worth by 2020, 2025, 2030?” originally appeared on Quora, the knowledge sharing network where compelling questions are answered by people with unique insights.
Answers by Bill C. Riemers, Brian Schuster,Jyri Mäkinen, Charles Guinn, Geno Jones, George Tung, Puneet Gupta, Akli Le Coq, Vincent Bressler, Lance Jepsen, Wolfgang Beer and Shakthi Kumar.
Answered June 22
At one point I computed (that) if the entire world’s economy was replaced with bitcoins, then each bitcoin would be worth about $2 million dollars in current dollars.
However, the fallacy of this argument is even if you believe the e-currency will replace all normal currency, there is absolutely no reason to believe it will be bitcoins that rule the day.
There are huge technical flaws with bitcoins. Same with Ethereum. Really the same can be said of most of the e-currencies I’ve tried. Sure maybe the blockchain is reasonably secure. But every time there is a fork in the code, there is a potential new ecurrency. How would you ever know if you were holding the best one? And who wants to take a day to resync their blockchain wallets each time Windows does an unexpected update?
The trades are corrupt, as are many of the users. Really what we have in e-currencies is evil and corrupt. Just as bad as the Federal Reserve.
Well actually worse. For all the horrors of the Federal Reserve, at least I can find the names of the board members.
It seems like every day a new e-currency comes online. Once a week there is a major price adjustment because let’s face it, the value is based strictly on “faith” just like USD, only with e-currency, there is no one big that will fail if the e-currency fails. So it is 100 percent speculation.
Some happen to provide some side benefit that is worthwhile. And many are working to improve the design flaws. For example the POS change for Ethereum will be a major game changer. Whether that will win out in the market is anyone’s guess.
Ethereum is an inflationary currency, and will remain so. But for reasons of trying to get mass adoption, you can expect inflation will be limited until ETH matches bitcoins in market cap.
If bitcoins win the day, you can expect the value to be up to $2 million eventually. If ETH wins the day, it would be pure speculation to even guess… If it remains the Wild West. Eventually these two will both disappear to be replaced by something better.
Answered Aug. 16
This is a difficult question to answer. We could be in the middle of a financial crash at any point. However, I’ll give you the next best thing, which is what I think the “correct” market cap would be for the blockchain space in due time.
Just using Ethereum as an example, we can already see some trends about the actual output of these blockchain organizations and how the market rates their native assets. ETH on the Ethereum blockchain, on its 2-year anniversary this year, was worth roughly $30 billion. Even by Silicon Valley standards, that’s a high valuation. Facebook was only worth $1 billion after two years, which is still considered one of the fastest growing organizations in SV history.
Because of this, we can assume that cryptocurrency market caps lead the market cap of the underlying organizations/assets. In the case of Bitcoin, it was valued in the many billions of dollars well before the underlying utility actually proved to be worth that much. The same thing can be said about Ethereum and even Ripple.
So, we may start to speculate that the market cap of the cryptocurrency is some multiple of the underlying utility/value provided by the organization or the asset. For the sake of comparison, let’s say the value is 10X what the underlying organization would normally be worth. While this has been far from proven true (and even a bit silly considering we’re comparing for-profit with not-for profit orgs), we can start to see if this stands up to muster.
Currently, the market capitalization of the blockchain is $141 billion, most of that value coming from the top 2–3 cryptocurrencies (Bitcoin, Ethereum and Ripple). Out of hundreds of other blockchains that have attempted to create value, these three or the current gold/silver/bronze medalists. Is we used our 10X multiplier above, that would mean that the value of these “organizations” would worth:
If you heard about a company coming out of Silicon Valley and their organizations were valued at these amounts, would that seem reasonable to you? To me, it does. We have lots of examples of unicorn organizations being worth tens of billions after 10 years, and even organizations only a few years old being worth over $1 billion.
10X may not be the right multiplier (we are in a bubble, after all), but this seems like a reasonable place to start until we learn more about how this market works. So, to answer the question, I think it’s reasonable to see a $10 trillion cryptocurrency market by 2030.
After 2008, we saw many internet companies like Google and Facebook be worth hundreds of billions of dollars. Given a decade of maturity, I can see the underlying organizations in the blockchain space being valued at a trillion collectively. Using our 10X multiplier, we might then say that the cryptocurrency market collectively would be worth $10 trillion.
I’m sure this method can be improved upon (and hope it does), but for the time being, this is the intuition that makes sense to me in this space.
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Answered June 5
If we think blockchain-based economy is better than current one, then most likely we will see most of the money flowing to blockchains in future.
There can always be flaws in any system. Blockchains carry great promises but time will show.
Problem is that we don’t really know how much money is in the world. When we buy cryptocurrencies and log this money to blockchains, we might just find out.
My estimated price:
Current total market cap of all cryptocurrencies is ~100B. You can find it here: Global Charts/ CryptoCurrency Market Capitalizations
Here is an estimate that there is $1.2 quadrillion in the world which is $1,200,000 billion. You can find it here: all the money in the world, in one chart
So if all economy would flip to blockchains they would grow about 12,000 times from this point. Let say only 10 percent of the world economy will flip to blockchains inside the next 10 years, this means income of 1,200 times your startup capital. So that would mean if you invest $1000 now it could be $1.2 million in 10 years.
Updated Aug. 1
The founder of bitcoin once said that bitcoin will either gain massive volume or none at all. At the current rate it is gaining massive volume and everything appears to be on a steady rise. Although as Alain Pilon has commented, “it is important to note that all the current coin can also crash and be replaced with another…”
Bitcoin is a really cool idea but ideas come a dime a dozen. There are old books about AI developing a currency similar to a cryptocurrency to fund itself to take over the world so the idea of a decentralized currency is not new.
The technology behind bitcoin is known as the blockchain and it is revolutionary. The blockchain can be used for many things involving data, not just digital assets, businesses can theoretically operate entirely on a blockchain database.
Cryptocurrencies will take the world by a storm and the future sounds bright. You can expect big things in the coming years.
Source: The Conversation (Blockchain is useful for a lot more than just Bitcoin)
Answered June 7
As far as value goes, I don’t know about a 50K bitcoin. To be honest while it is actually very possible, at the same time I think that projection is a bit bullish. However, I remember Max Kieser telling everyone about 3 years ago that I would not be shocked to see a 10K bitcoin. I had the same sentiments actually. The more people that pickup on blockchain technology and accept it as payment the better off we all are really. Right now if you look BTC has 40+ percent of the total market cap for digital currency.
Particl seems like a fairly interesting investment right now. It is an anonymous coin and is going to have a built-in marketplace with a smart escrow system built into the blockchain. What this means is that if you don’t get your product to your satisfaction and the seller does not work with you to release your funds you can choose not to release funds for the product.
But keep in mind if you burn the escrow you lose coins but the seller must also put up coins that get burned as well. So unless either party wants to waste coins it is in both parties’ best interest to transact in a fair manner.
This does a couple of things. It prevents scams by using built-in leverage, and it puts leverage on the demand for more coins than just what you need for a single purchase, thus making holders out of people who wish to use smart escrow. This solves one of the largest cryptocurrency problems still not really solved today. They are also working on a built-in marketplace — an eBay of sorts with no third party.
I happen to love dogecoin. It has been a fairly profitable coin since its inception really. It was always marketed as the non-investment coin but I’ll let you in on a little secret. It was likely one of the most profitable coins to make trades. I cannot tell you the number of times it has risen and fallen from glory. These fluctuations resulted in 100-percent gains — I believe likely more than any other coin. It has and has always had a strong user base and many are die-hard.
The amount of things that the coin did during its launch really was a movement at the time. Things like helping the Jamaican bobsled team afford to go to the Olympics. Funding water systems and schools in Africa. Helping Nascar Racer Josh Wiese with sponsorship to race for NHRA. There are many other things I am missing I’m sure. While I hold very little of the coin at current I enjoy the community of people that came out of this movement. It really showed that even a coin with a small store of value at the time is capable of moving mountains if enough people get behind it. This was more important to me then a lot of metrics it provided to foundation for faith in digital currency and really was a mind-opening experience for me. While I am no longer a large holder of dogecoin or any of the coins mentioned I would accept it as a form of payment any day.
Blockchain technology is still in stages of infancy. What we must realize is that we are experiencing the tipping point. Everyone is aware of this effect but not a lot of people are aware of what the tipping point is. Actually the tipping point is misunderstood because it has very little to do with tipping. As most people would suspect, once something is tipped over 50 percent of it is going to fall. However, this is not the case. Think of the tipping point as a very top-heavy tall structure with a very light foundation. The tipping point is when 10 percent of a noncentric group gets on board with a specific idea or ideal. This is the point when things start to gain favor and in this case it would be the world’s population. You see — and I hate to use the term as it is used so much — “people are waking up to crypto currency and its potential.”
Answered June 5
Anyone answering is just throwing out random numbers because quite honestly no one knows. Remember when Bitcoin climbed to $1200 a few years ago? Everyone thought it would keep rising until it crashed back to the $200 levels before climbing to where it is now.
So right now everyone is super excited and throwing out big numbers on where BTC, LTC and ETH will be, but be cautious. There might be huge ups and downs. But overall if you play the long game and buy and hold, you’ll be setting yourself up for a really good profit and potential life changer.
- BTC 2020 – $10,000
- BTC 2025 – $50,000
- BTC 2030 – $500,000
- ETH 2020 – $1,000
- ETH 2025 – $5,000
- ETH 2030 – $50,000
I’m not guessing on LTC because I don’t believe there is any value on holding onto them.
Answered Aug. 17
By 2050, it is predicted that Bitcoin, Litecoin and Ethereum will be the currencies you will use to buy and sell products and services. Most of the fiat currencies will disappear.
These cryptocurrencies are still at a very nascent stage. Either they will be massive or they will vanish. We still cannot predict the future path these coins will take.
Currently it is the next big thing after the Internet. It is Web 3.0 with payments. People who believe in these coins are not worried about their value in 2030 or beyond but they are waiting for the day when Bitcoin will be the only currency they can transact in.
Either way, do your own research. If you believe in Bitcoins or other coins, you will not have to worry about the price. Or you can make some profits and get out before the market crashes.
Answered Aug. 16
Do your own research and only trust yourself on investment.
Almost everyone fails with prediction. I have no crystal ball either.
OK, let’s try anyway, using a well-known method : minimal target market cap, anticipating a very reasonable 10 percent market share for each cryptocurrency :
Usage : store of value
Market : global wealth around the world
Market cap : $255 trillion (source : Credit Suisse Global Wealth report, 2016)
Minimal target market cap for BTC : $25.5 trillion
Minimal target price for BTC : $1,300,000
Usage : retail and daily payments
Market : retail transactions -> $21 trillion in 2020 (source : CapGemini Global Payments report, 2016). Room for competitors if they can reach Litecoin’s volume and network effect.
Minimal target market cap : $2.1 trillion
Minimal target price : $23,000
Usage : decentralized applications (dapps)
Market : decentralized applications -> I’m not able to put any number here… but dapps can potentially replace stock markets, crowdfunding, working organizations…It’s huge but there is also room for NEO as a competitor for China or other blockchains.
Minimal target market cap : impossible to say but potentially more than bitcoin
Minimal target price : impossible to say but potentially more than bitcoin
Answered June 3
If Bitcoin successfully transitions to supporting high volume off chain transactions, then Bitcoin will probably be worth 50K or more by 2020.
We will probably find out if Bitcoin can overcome entrenched interests and make the transition within the next few months.
If Bitcoin fails to make this transition, then every blockchain will be damaged, but Litecoin will probably come out of that as the new leader since it already has the required code to support high volume off chain transactions.
Ethereum may self-destruct or may find a real application, but I don’t like its long-term prospects. If Bitcoin makes the transition, then everything that Ethereum promises can be done with side chains or other techniques.
Within a few years, assuming that cryptocurrencies really take off, fungibility will become a major obstacle. Fungibility is the property of money whereby each unit is indistinguishable from every other unit. In the absence of fungibility, it is possible to censor cryptocurrency transactions.
Really big wealth will not transition into a blockchain lacking fungibility and privacy. As far as I know, only one blockchain right now has fungibility, privacy, has an active community, uses well-understood cryptography, does not have a pre-mine, and does not have rent seeking structure to reward insiders. That crypto currency is Monero.
Answered June 7
Bitcoin is projected by some to be $20,000 by 2020, $100,000 by 2025, and $500,000 by 2030. The catalyst for this growth is more countries legalizing bitcoin over time and thus more financial products based on bitcoins.
There are over 700 cryptocurrencies and so I predict most are going to collapse and investors will lose everything.
Updated June 10
Bitcoin definitely is a serious and mature technology in terms of its blockchain. While it is still depending on temp hype cycles, Bitcoin already shows an extremely high and stable market capitalization, as CryptoCurrency Market Capitalizations shows:
It’s clear for me that Bitcoin will stay and gain on importance. My expectation is for 2020 that Bitcoin will be stable around $1000 per BTC, 2025 around $1500 BTC and 2030 around $3000USD per BTC.
Answered Jun 1
Here is my timeline for crypto currency. The coins will be the future but there will be consolidation based on tech progress.
2020: There will be a 5–8x increase from the current price across all cryptocurrencies.
2025: Quantum computers are accessible to end users. All existing cryptocurrencies using non-quantum resistant algorithms will crash to zero.
So bitcoin crashes to zero.
2030: New variants of bitcoin and ether run become mainstream. So watch out for quantum resistant alt coins.
The question, “How much are Bitcoin, Litecoin and Ethereum coins predicted to be worth by 2020, 2025, 2030?” originally appeared on Quora, the knowledge sharing network where compelling questions are answered by people with unique insights.