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Sign up to receive bitcoin daily — We find the top 3 crypto stories and deliver them to your inbox each morning. Bitcoin was created in early One of the stories that illustrate this growth best is that of two pizzas, which were bought for 10, Bitcoins, on May 22,by a Florida developer by the name of Laszlo Hanyecz. Is there any limit to this growth, and if so, where? Here are seven of those Bitcoin evangelists, and what they think Bitcoin will go on to be worth.

Wences Casares is an Argentinian technology entrepreneur living in the US. The tech giant bought his first Bitcoins in His math works like this: First, he assumes that Bitcoin can logically replace all of the gold bullion currently held the bitcoin price will soon reach $ 11500 private investors—in other words, the gold bars that people keep in a safe-deposit box or bury in their backyard, simply as a way to park their money in something more dependable than paper.

Pfeffer has even higher hopes for Bitcoin — that it could eventually be to central banks what traditional foreign reserve currencies are today. John McAfee is the founder of McAfee Associates which launched first commercial antivirus software in the late s.

McAfee recently made waves in the cryptocurrency world after claiming that each unit of Bitcoin would be worth half a million dollars by He did not stop there. There is no way of knowing the bitcoin price will soon reach $ 11500 McAfee did this to get attention or if he actually means it. Only time will the bitcoin price will soon reach $ 11500. Jeremy Liew is a partner at Lightspeed Venture Partners, famed as the first investor in the social the bitcoin price will soon reach $ 11500 app Snapchat.

The estimate was made on May 4, It is gold equivalent…there are about 20 mln Bitcoin available today. When transactions are verified on a Blockchain, banks become obsolete. Roger Ver is an early investor in Bitcoin and its related startups.

By early the bitcoin price will soon reach $ 11500, Ver had begun investing in Bitcoin, now with a portfolio including startups like Bitinstant, Ripple, Blockchain, Bitpay, and Kraken. Kay Van-Petersen is an analyst at Saxo Bank, a Danish investment bank which specializes in online trading and investment.

Lee and Fundstrat used an average of the percentage gained in price after each dip to arrive at the figure. Ronnie Moas is the founder and director of research at Standpoint Research, an equity research firm accounting for both traditional investments and new-time ones. Moas has also compared the wealth proposition of cryptocurrencies to that of the dot-com boom. Thomas Glucksmann, head of APAC business at Gatecoin, sees regulation, the introduction of institutional capital, and technological advances like the Lightning Network as the main factors in rising cryptocurrency prices.

Masterluc is an anonymous Bitcoin trader, known for his impressive predictions in the price of Bitcoin. Most notable was his prediction of the end of the Bitcoin bubble, which was then followed by a bearish market for multiple years. Masterluc sees Bitcoin reaching a price of between 40, andUS dollars by the end of this bull run, sharing his thoughts publicly on the TradingView platform.

In his May 26th, post, the legendary trader said he expects the price to be reached sometime before The host of The Bitcoin Knowledge Podcast is basing his prediction on a day moving average. Gold is scarce, Bitcoin is actually fixed. Bitcoin is way more portable and way more divisible. He is also an early supporter of Bitcoin and its underlying technology blockchain. Are we missing any important bitcoin predictions? Let us know and we will add them to the page.

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But is this a bubble? Are the gains real? And are the bitcoin whales in for a sad Christmas? First we must understand what drives bitcoin price and, in particular, this boom. The common understanding for current growth leads us back to institutional investors preparing for the forthcoming BTC futures exchanges.

The primary theory about the astonishing rally being put forward by investors on social media is that bitcoin will soon benefit from big institutional money injections via the introduction of the first BTC futures products.

This ability makes bitcoin far more palatable to big investors who are currently flooding the market to make profits if and when the bitcoin price falls.

This group of enthusiasts bought and held bitcoin and will not sell it at any current price. More and more bitcoin fans are entering into this group and they are driving up demand increases.

We see a common thread between these points: All cryptocurrency movements are based on domain specific media and conversations between traders. Bitcoin traders, it can be said, are now akin to the jolly colonists selling stocks under buttonwood tree.

That is all coming and at that point the market will harden itself against panics and booms. Until then we enjoy rises and dips and volatility that puts most bitcoin dilettantes off their lunch. Ultimately new and old users are testing the limits of a system that, for a decade, has been untested.

The futures market will be a big driver in growth and bust over the next few months as institutional investors begin using the currency. Yes, to those who are betting big on BTC. Again, I cannot tell you whether to buy or sell but the common expectation is that bitcoin raises to a set point and then fluctuates between a high and a low until the next run up. Many expect foul play. Now that Bitcoin futures are available it is easy to buy into futures market first and then create a massive number of buys or sells of Bitcoin to ensure the price swings in favour of your futures contract.

Is this a bubble? Many are disappointed in the moves, believing the rise is happening because of market manipulation. But we must remember that the real value of a cryptocurrency is not driven by price but instead is driven by utility. While bitcoin may always be the proverbial hidden pot of gold for early buyers the future of all cryptocurrencies is still being written.

Just as, in , no one could have predicted the prevalence and value of open source projects like Linux and Apache, no one can currently predict what bitcoin and other cryptocurrencies will do for us in the future.