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$12,000 is the new high set by Bitcoin recently and analysts are expecting the price to surpass even $15,000 very soon. It is remarkable that demand for the potential uses of Bitcoin is driving prices up rather than any other factor. Considering that the cryptocurrency is not backed by anything is not subject to such factors that determine the prices of stocks and shares, it is difficult to guess anything about future prices. Many fear that the entire story of Bitcoin is a gigantic bubble ready to burst, as the existence of blockchain technology does not entirely justify such prices. However, many are ready to dismiss the skeptics for the sake of profit. Greed is blind, deaf and dumb, as they say.

Over the past few months, several large global regions like Japan, which currently process more than 65% of all Bitcoin trades, have imposed stringent regulations on cryptocurrencies, making US measures look like child’s play. Other countries in Asia such as South Korea, Hong Kong, Singapore, and the Philippines have implemented Anti-Money Laundering (AML) and Know Your Customer (KYC) systems to comply with SEC regulations regarding Bitcoins.

Anyone who has enough financial understanding or literacy has made their own predictions regarding the price of Bitcoin. These predictions range from catastrophic to paradisal in nature. Here are some of the most notable opinions stated.

Ronnie Moas, Standpoint Research: $14,000 in 2018

Moas made this call on Nov. 20 when bitcoin was trading at around $8,245. Moas has an excellent track record of bitcoin price predictions. He called bitcoin at $5,000 when it was trading at half that value earlier this year. He has since raised his 2018 forecast twice, to the current $14,000 mark.

Tom Lee, Fundstrat: $11,500 by mid-2018

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Lee has a valuation framework that presumes some portion of gold investors will convert their assets to bitcoin. In the short-term he has a $11,500 call on bitcoin by the middle of next year. In the long-term, Lee believes bitcoin will trade for $20,000 to $55,000 by 2022.

Mike Novogratz, Galaxy: $40,000 in 2018

Novogratz led the flagship macro fund at Fortress, and he is a longtime bitcoin bull. He’s starting a $500 million cryptocurrency fund called Galaxy. Novogratz has a price target of $40,000 by the time 2018 is over. He also thinks bitcoin is a major bubble. Speaking at the CoinDesk Consensus: Invest conference in New York yesterday, he said: “This is going to be the biggest bubble of our lifetimes.”

Jim Cramer, CNBC: $1 million, “one day”

Cramer, the TV pundit, has the rosiest outlook on bitcoin of the assembled crystal ball gazers: $1 million per coin. But he is vague on when, exactly, he expects that to happen.

Roy Sebag, Goldmoney: $0 in the long-term

The noted Roy Sebag, who runs the $2 billion Goldmoney fund, was once a bitcoin bull. But, according to Fortune, he sold most of his 17,000 coins this summer because he believes they will be worth nothing in the long-term. “It has completely devolved from the original promise,” he said.

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