Tom Lee of Fundstart previously predicted that BTC could get to $25,000 by 2022. He continued to be a bull amid the downturn that followed China’s ban on bitcoin exchanges.
He uses Mecalfe's Law of network effect and value to get to his conclusion.
He believes that younger investors who have never been without the internet will use bitcoin as a store of value. BTC will be the "digital gold" for millenials, whose parents and grand-parents bought the real thing.
The world gold market is worth $9 trillion total. If BTC is "digital gold" and just captures five percent of this $9 trillion value, it will be at $25,000 by 2022. Others on Wall Street use similar approaches to get to a $500,000 per BTC price in the next 10 years.
But you might want to take everything that Lee predicts with a huge grain of salt.
He also predicted in early 2017 that BTC would get to $6,000 by mid-2018.
Look how wildly wrong he was on that previous prediction of $6,000 per BTC !!!
STEEM On !!
DaveB
https://www.cryptocoinsnews.com/25000-bitcoin-price-prediction-conservative-wall-street-strategist/