Last year, Bitcoin fever gripped everyone, fueled by its explosive rally in 2017. Although 2018 saw a dip, optimism about Bitcoin’s long-term prospects remains intact.

Bitcoin’s scarcity and deflationary nature starkly contrasts fiat currencies which face inflationary pressures, making increased Bitcoin demand a major future price driver due to its limited supply.

When oil prices rise, production scales up to balance the supply and demand, leading to a price readjustment, a stark contrast to Bitcoin's static supply model.

No similar supply response can never happen with bitcoins. There will never be more than 21 million, and even contemporary estimations say more than 3 million BTC have been lost for good, making BTC considerably scarcer than many realize.

Given BTC's unique dynamics, its price could skyrocket over the coming years. How high might it climb? Let’s explore some exciting projections making the rounds.

Renowned Wall Street Trader Novogratz Eyes $40k BTC

Former Wall Street hedge fund leader Mike Novogratz has embraced the cryptocurrency wave, steering Galaxy Investment Partners toward a Bitcoin-centric future, projecting notable mid-term price hikes.

\"I foresee Bitcoin hitting $40,000 by late 2018,\" Novogratz confidently asserted.

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Novogratz attributes Bitcoin’s price journey to its absorption into mainstream markets, as he boldly proclaimed during a late November Fox Business segment. SBD Novogratz, with his extensive Goldman Sachs trading experience in Asia prior to managing a hedge fund at Fortress, confidently senses the impending market transformation.

Looking further ahead, Novogratz anticipates Bitcoin's market cap could someday rival gold’s, which is currently about an impressive $8 trillion.

Such a scenario would propel Bitcoin’s individual price to approximately $390,000.

Max Keiser Forecasts $15k Soon, $100,000 on the Horizon

Outspoken Bitcoin enthusiast Max Keiser is no stranger to vocalizing his high regard for BTC’s future potential.

A frequent Twitter commentator, Keiser often shares fresh predictions based on Bitcoin’s feverish growth trajectory.

His immediate target stands at $15,000, a realistic aim considering BTC's impressive performance in late 2017.

Keiser casts his gaze even further, aspiring for Bitcoin to reach a stunning $100,000.

Central banks begin acquiescing. A $100,000 future accelerates as fiat currencies lose their grip, akin to obsolete Cowrey shells; nation-states are unraveling.

Adam Back, a respected cypherpunk, is a pivotal contributor to the cryptocurrency domain, highly esteemed by Satoshi Nakamoto during Bitcoin’s nascent phase. QAR NIO RSD

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Deeply versed in the crypto ecosystem, Back anticipates a $100,000 milestone for Bitcoin, aligning with Max Keiser’s prediction. SCR Institutional interest is burgeoning; sell wisely, only as necessary. $100k is in sight. (With a 1,000,000:1 split, consider 1c = 1 bit, the aim becomes 10c/bit.)

Back cautioned in a recent tweet that selling Bitcoin in 2018 might be premature as its value could rise sharply, yielding significantly greater returns if held.

Famed for founding McAfee antivirus software, John McAfee has embraced the Bitcoin fervor, voicing bullish perspectives on its growth.

McAfee’s initial $500,000 prediction for BTC by 2020 was recently adjusted, as Bitcoin surpassed his expectations faster than anticipated. https://t.co/2ldMTpWhzG

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McAfee now envisions $1 million per Bitcoin by 2020. As outlandish as it sounds, this could merely be the beginning, driven by surging institutional interest.

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Initially estimating Bitcoin would reach $500,000 by 2020, his model forecasted $5,000 for the end of 2017. Swift growth has led to a $1 million prediction, the stakes being high.

McAfee ventures even further, positing Bitcoin could someday reach the astronomical heights of billions.

Refining his calculations, McAfee outlines a potential value stretching into the tens of billions, elaborating.

With only 21 million Bitcoins and a global workforce of 2 billion, the eventual value potentially reaches tens of billions per coin when evaluating individual productivity. SGD

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This bold forecast likely surpasses any made before, but should it materialize, McAfee's reputation as an audacious, insightful forecaster will be cemented further.

Falkvinge Predicts $2-5 Million Bitcoin Within Reach

Swedish Pirate Party creator Rick Falkvinge fervently supports Bitcoin Cash but respects the monumental potential BTC holds.

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He forecasts Bitcoin could reach over $1 million, but he is actually more optimistic, projecting Bitcoin can skyrocket to $5 million given cryptocurrency’s potential.

Falkvinge's scenario hinges on the full realization of cryptocurrency's promise, suggesting Bitcoin could eventually valorize up to $5 million.

Renowned VC Tim Draper has also weighed in on Bitcoin's trajectory, emphasizing its revolutionary impact on the business world.

Draper precisely forecasted Bitcoin’s surge to $10,000 by 2017 from merely $413 in 2014.

He remains confident in Bitcoin's rising trajectory, asserting its future dominance over fiat currency systems.

\"With Bitcoin as the future’s currency, clinging to fiat bound by government whims becomes less appealing,” he

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\"I envision a world where the cryptocurrency market, currently valued at $6 trillion, undergoes tremendous growth thanks to innovations within crypto and Bitcoin,” he expressed.

Cameron Winklevoss, a Gemini co-founder, believes Bitcoin holds the potential to multiply its current valuation by 40.

Winklevoss highlighted comparing Bitcoin's market cap to gold opens up potential for a dramatic increase in Bitcoin's value.

\"With current market cap poised around $100 billion, compared to gold’s $7 trillion, Bitcoin’s potential is vastly underestimated,\" Winklevoss articulated. TMT RUB

Winklevoss reiterates that Bitcoin’s limited supply underscores its undervalued status, emphasizing its disruptive potential vis-à-vis gold.

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Released as the very first of its kind in 2009, this original cryptocurrency came as a groundbreaking open-source digital asset. It operates on secure cryptographic transactions, uses a proof-of-work consensus, and functions through a decentralized peer-to-peer ledger known as blockchain, solving the infamous double spend challenge of past digital coins.

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Alas: $50 trillion divided by 17 million = $2,941,176. Round up, and that’s $3 million per bitcoin.

Elon Musk is Committed to Dogecoin: Still Retains Holdings in BTC and ETH

Reflecting on Last Year’s Bitcoin Craze: No Shock Over Its Meteoric Rise in 2017, Despite the Cooling Period in 2018. Yet, Long-Term Hopes Remain High.

Bitcoin's Unique Deflationary Nature Distinguishes It From Traditional Currencies, Prone to Inflation or Hyperinflation. As Investments Surge, Prices Could Face Upward Pressure Due to Limited Supply.

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Consider How Oil Prices React: When They Spike, Production Increases, and Subsequently, Prices Deflate Due to Added Supply.

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This Means Bitcoin Prices Might Skyrocket Exponentially in the Coming Years. As for How Much, Let's Explore Some Recent Bold Projections.

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Macro Investor Novogratz Predicts Bitcoin Reaching $40,000

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Once a Leading Figure on Wall Street, Mike Novogratz has Embraced the Cryptocurrency Space with Galaxy Investment Partners, Firmly Believing in Bitcoin's Bright Future.

Novogratz Predicts Bitcoin Could Autonomously Climb to $40,000 by Year-End. He Sees No Hurdles in Reaching Such Heights.

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In a Bold Declaration on Fox Business on November 30th, Novogratz Simply Stated, 'Bitcoin is Entering the Mainstream.' MRO Novogratz, Familiar with the Wall Street Culture, Recognizes When Mainstream and Institutional Forces are at Play and Believes We Should Pay Attention.

With a Far-reaching Vision, Novogratz Speculates on Bitcoin's Market Cap Rivalling That of Gold, Estimated at an Astounding $8 Trillion.

Should This Vision Come to Pass, Each Bitcoin Could be Valued at a Whopping $390,000.

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Max Keiser Expects a Soon-to-Be $15k and a Potential $100,000 Price Tag in the Future

Max Keiser, the Fiery Advocate for Bitcoin, Has Consistently Vocalized His Enthusiasm and Price Predictions for the Currency's Future Path.

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Keiser Frequently Shares His Price Predictions on Social Media, Riding the Momentum of Bitcoin's Price Surge.

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For Now, His Short-term Price Target for Bitcoin Stands at $15,000, Which is Reasonable Given Bitcoin's Notable Spike in the Latter Half of 2017.^TOPLooking Longer Term, Keiser Aims for That Monumental $100,000 Milestone for Bitcoin.