How much will 1 Bitcoin be worth in 5 years?

Someone ask me on Quora: How much will 1 Bitcoin be worth in 5 years?

My Reply: Given the fact that Bitcoin needs wide spread adoption, the minimum value of Bitcoin in five years time will be at $100, 000.00 in the least. This are my reasons:

The last bull run nearly push the price of Bitcoin to $20, 000.00
The fact that more people will learn more about Bitcoin most especially the millennial generation.
The traditional institution by then would have invested in it pumping the price to the moon.
Solutions to scalability problem.
The lost in value and trust in state owned currency i.e. National Currency
These are what I could think of right now that will drive the price up. It could worth more than that.

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sarah249 (50) 6 years ago

5 years from now it maybe $100k or $100 we dont know that but i am confident that there will be highs and lows along the way and in next 5 years it will hit $25k atleast a couple of times and probably similar lows as well.

$0.00

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silveretblack (41) 6 years ago

You are right. But I believe the more the adoption of Bitcoin, the less likely the volatility. All the same, time will tell... Thanks for sharing your thoughts.