CNBC recently conducted an online survey asking its participants “Where does bitcoin go from here?” The survey was answered by 23,118 people and included three different options. The most popular one, with 49% of respondents supporting it, was that bitcoin would go over $10,000 as internauts are seemingly bullish on the cryptocurrency.
Other options included a price range between, $6,000 and $8,000, and saying that JP Morgan’s chief executive Jamie Dimon was correct and that those who buy bitcoin will in the future pay the price for it. 16% of respondents went with $6,000 to $8,000, while 35% believe Jamie Dimon was correct.
Earlier this year, Jamie Dimon stated that bitcoin was a “fraud” while speaking at a banking conference in New York and, as covered by Core Media, a Swedish bitcoin market maker filed a market abuse report against him for his words on the cryptocurrency, stating he was “spreading false and misleading information” about it.
Jamie Dimon wasn’t intimidated and then swung at bitcoin again, stating it was “worth nothing.” Then, after bitcoin hit the $5,800 mark, Dimon stated that those who buy bitcoin are stupid, stating:
“If you’re stupid enough to buy it, you’ll pay the price for it one day”
Out of CNBC’s respondents, at least 16% are now nearly correct, as at press time one bitcoin is trading at $5,971.49, according to data from Cryptocompare. Rising investor interest, favorable regulations in countries such as Japan, and its upcoming hard forks are all factors behind the cryptocurrency’s recent price surge.
$10,000 might be a conservative estimate
CNBC’s $10,000 price estimate might be a conservative one for bitcoin, as some well-known investors and entrepreneurs have already named much higher figures in the past. The first Snapchat investor, Jeremy Liew, earlier this year stated that bitcoin could explode as much as $500,000 by 2030.
Wences Cesares, a member of PayPal’s board of directors and the CEO of bitcoin wallet Xapo, has also pointed to an incredibly high number: $1 million in 5-10 years while speaking at the Consensus 2017 conference in New York.
— SusanPoole (@BitCoinSusan) 23 May 2017