Trend Forecast Says Bitcoin Could Hit $91K by 2020

via Jason Benjamin / Public Domain

Despite the sharp drop in cryptocurrency value recently, researchers believe Bitcoin value could rise to as much as $91,000 by the year 2020.

According to Forbes, Tom Lee (Fundstrat Global Advisors’ head of research) has put together a database of info, as well as statistics and graphs on Bitcoin to visualize short-term and long-term trends for the cryptocurrency.

By no means do these graphs project the future, but it does offer a picture of the trend of Bitcoin in the past… and where it could be if the trend continues. It also points to the faith some have in Bitcoin and the cryptocurrency market as a whole.

Take a look at the graph below and let us know your thoughts.

Fundstrat Bitcoin Forecast Chart
via Fundstrat / Forbes