Out of any asset class, predicting the future of bitcoin prices will result in the most binary of answers. Believers in the expansion of the technology and utility of bitcoins have theorized that prices can reach over $10,000. While others believe the price is destined to drop to near zero levels. Worth noting is that despite the variance of opinion in prices, the two sides are often in agreement about the positive potential of blockchain technology, but only differ in what role bitcoins will play.
Providing a clearer picture of what the world believes is the future of bitcoin, Hedgeable has launched a visual price prediction page. Users can provide predictions for one, two and three years out. Results are made available visually, and can be filtered by predictor category, which includes bitcoin enthusiasts, angel/VC, entrepreneurs, traders and the media.
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The prediction portal is part of Hedgeable’s research section on their site. Billing themselves as a “digital asset management firm democratizing sophisticated investing for the masses,” Hedgeable uses technology and innovative methods of analysis to provide low cost asset management solutions which also incorporate advanced risk management and investment selection features. The firm is among a new breed of fintech asset managers aiming to disrupt the existing financial-advisor sector.
Not surprising, bitcoin enthusiasts are the most bullish of all predictors. Among three year predictions, bitcoin enthsuiasts who predict a $10,000+ price outnumber those believing the price of bitcoins will fall below $100 by a 36-to-19 ratio. This compares to a 6-to-9 ratio among entrepreneurs and a 5-to-2 ratio for the angel/VC category.