NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets

43% of Crypto Twitter: Bitcoin Will See 1,000% Yearly Returns Again

Nick Chong
Nick Chong
1 year ago
3 mins read
bitcoin price

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin is known for its parabolic rallies. Every few years, the leading cryptocurrency embarks on bull markets that take it hundreds, often thousands of percent higher in a year’s time.

In 2017, for instance, BTC started the year under $1,000 and peaked in the middle of December at $20,000. And during 2013’s rally, the cryptocurrency rallied from double digits to over $1,000 in six months.

Macro BTC price chart from TradingView.com

Although BTC has matured, gaining steam as a viable investment on Wall Street, there remain some in the industry still expecting parabolic gains.

There Are Still Bitcoin Investors Expecting Parabolic Rallies

Pseudonymous Bitcoin analyst “PlanB” shared the image below on July 5th, showing there are three years over BTC’s lifespan where it has rallied over 1,000%. Those years, as one can guess, are 2011, 2013, and 2017 — growth years for the cryptocurrency.

Image

Image from "PlanB" (@100trillionusd on Twitter) showing BTC's performance over each year.

Bitcoin’s exponential growth in those years somewhat made sense: each year of 1,000%+ growth was marked by an influx of users, with each successive wave getting bigger.

But as BTC has stalled over the past two years, some believe that Bitcoin is at a macro plateau. You see this sentiment in comments from Peter Schiff, the prominent gold bull who says Bitcoin has no intrinsic value and is a textbook bubble.

But according to a Twitter poll conducted by PlanB, 43.9% of 9,517 respondents expect Bitcoin to see more 1,000%+ return years. That’s not a majority, sure, but that’s no percentage to scoff at.

Most Aren’t That Bullish

While Bitcoin investors will welcome years in which the asset appreciates by over 10 times, not everyone expects it to happen. Even some of BTC’s most prominent bulls aren’t that optimistic — at least not at the moment.

Take the example of Mike McGlone, a senior commodity analyst at Bloomberg Intelligence.

Over recent months, he has been one of BTC’s most public bulls on Wall Street and in the mainstream media.

He released a report at the start of June indicating that Bitcoin could hit $20,000 by the end of 2020. McGlone’s optimism was based on his analysis that BTC’s current price action looks similar to that seen after the 2016 block reward halving.

Bitcoin following the path it took the last cycle purportedly implies a year-end price of around $20,000.

There’s also Pantera Capital, whose co-heads Dan Morehead and Joey Krug released a March report on their Bitcoin outlook.

Although they mentioned a possible scenario where BTC trades above $100,000, their current base expectation is BTC reaches $20,000 by early-2021.

This is not to say that BTC won’t see 1,000%+ yearly gains in the future. But these statements suggest that even amid an extremely strong macroeconomic environment, Bitcoin still faces headwinds preventing it from gaining 1,000% in a year.

This may simply be a byproduct of the fact that at a ~$200 billion market capitalization, BTC’s rate of growth is capped.

Featured Image from Shutterstock
Price tags: xbtusd, btcusd, btcusdt
Charts from TradingView.com
Nearly 50% of Crypto Twitter: BTC Will See 1,000% Return Years
Tweet123Share210ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

top criptomonede cu potential

Ce proiecte noi din presale pot urca în 2025 printre top criptomonede?

În ultimele 24 de ore, piața crypto a scăzut cu aproape 2%. Mulți investitori și-au luat profiturile după creșterile recente,...

antonio 2 hours ago
Bitcoin news

Bitcoin Stuck In Neutral While Markets Roar — Analyst Explains Why

Bitcoin’s listless tape in the face of roaring macro risk is less a contradiction than a timing problem, argues this...

Jake Simmons 3 hours ago
биткоин

«Большая политическая новость» для Биткоина

В криптосфере политические решения формируют долгосрочные тренды, влияя не только на цену активов, но и на то, как люди осваивают...

daria 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Solana

Solana Faces Deadly Selling Pressure After 312,233 SOL Deposit Into Coinbase – Here’s The Value

Scott Matherson 3 minutes ago
Eerste Chinese stablecoin debuteert - wereldwijde crypto race verhit

Eerste Chinese stablecoin debuteert – wereldwijde crypto race verhit

Lars Diederiksen 14 minutes ago
ethereum eth ethusd crypto

Altcoins Hit Hard as Week Starts With $1.7 Billion in Crypto Liquidations

James Halver 1 hour ago

Premium Sponsors

Press Releases

  • Najbolji meme coini za kupnju sada, dok se tržišna...

    16 minutes ago
  • ドージコイン 今後の価格予測:再び大きな上昇はあるのか

    ドージコイン...

    37 minutes ago
  • リップル 今後の価格予測:今は買い時か?

    リップル 今後の価格予測:今は買い時か?

    59 minutes ago
  • 米国ビットコイン準備法案で強気の供給不足が予想される中で注目すべき仮想通貨プレセール

    ...

    1 hour ago
  • 仮想通貨おすすめを探る:クジラ投資家の売買と保有戦略

    ...

    2 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.