I have conducted a one week poll on Bitcoin price prediction for the end of September, 2017. Out of 487 votes the result came in as follows:
Link:
https://twitter.com/JStuhlman/status/901062999603113985
- JStuhlman
These results did not come as a surprise at all. If I could have voted myself I would also be in the $5000 to $7500 range as well for the end of September, as that goes along with my firm belief that Bitcoin should hit $10,000 by the end of 2017.
Many of the experts predict a rollback to the $2500 - $3500 range. Although we have seen such drastic rollbacks before with Bitcoin volatility, I am however seeing a much stronger growth with bitcoin vs other years that would stop or limit such a severe price drop.
Other experts I spoke with predict a $13000 to $15000 by the end of 2017, that in my opinion is a bit of an excessive prediction, but might not be out of the woods yet. There is a good reason to believe if bitcoin manages to pull a $10000 price before the end of 2017, it will create a FOMO (Fear of missing out) reaction on the market and price might quickly climb to that range.
Whether Bitcoin hits $10000 or not in 2017 is not a big issue, by now everyone knows it's going to happen eventually, and knowing is as good as it is happening. You can see this well represented in Bitcoin futures. As Bitcoin inflation vs demand has seen a tipping point this past year, this will increase over time, and the famous predictions of a million dollar bitcoin are starting to move from the realm of dreams to the realm of reality.
The question is come next August, what would my poll look like? the one year bitcoin chart below makes me wonder.
