Our 2018 Cryptocurrency Price Predictions and the Top 6 Bitcoin Predictions by Celebrities

January 14, 2018

Below is Empty Bucket’s prediction of where some of the key cryptocurrencies will be by the end of 2018.

Note: Current prices are as of January 14, 2018 and obtained from CoinMarketCap. Price predictions are on average approximate terms and suggested as of 31 Dec 2018. Dare to dream but take these with a grain of salt and naturally do not consider this investment advice as a whole host of factors could change these numbers.

(trading symbol)
(Jan / Dec)
Market Cap
(in billions)
% Growth
Bitcoin (BTC) $13,542 / $35,700 $227 / $600  264%
Stellar (XLM) $0.60 / $10 $11 / $180  1,667%
Ethereum (ETH) $1,311 / $4,125 $127 / $400  315%
Ripple (XRP) $1.84 / $12 $71 / $480  652%

We are expecting Bitcoin to continue to be the #1 cryptocurrency in terms of market cap but its growth to falter due to scalability issues and very few use cases. Ethereum will still be seen as the key rival to Bitcoin but we will likely continue to see XRP battle for second place. We are bullish on Stellar given the number of industry-changing events that are likely to occur this year.

Expect growth to be among the top of the list as the market moves away from a Coinbase-type model of having to exchange fiat for BTC or ETH first before getting into the more lucrative well-deserved names such as XLM and XRP. Instead, if all goes well with Fair X, XLM will be the main conduit for fiat to crypto exchange. Demand will naturally increase and solidify XLM’s place in the top 5. 

So what are other people saying? Today blockchain is one of the hottest tech advancements since the internet and the mind-boggling price spikes are turning it into a household topic of discussion. Naturally, this draws the attention of some of the most influential businessmen and even certain celebrities:
The Sophisticated Investors

    1. In October, 2017 Jamie Dimon, CEO of J.P. Morgan Chase predicted that the price of Bitcoin may reach sky-high levels but also that the price will inevitably crash similar to the Tulip Crisis.
      “I could care less what bitcoin trades for, how it trades, why it trades, who trades it. If you’re stupid enough to buy it, you’ll pay the price for it one day. I’ve also told people that it can trade at $100,000 before it trades to zero. Tulip bulbs traded for $75,000 or something like that.”
      Soon after he retracted his comment with the below statement made in January 2018:
      “The blockchain is real. You can have crypto yen and dollars and stuff like that. ICO’s you have to look at individually”
      As an investor if you know what you’re doing, a potential strategy is to ride the wave and exit at a peak. However, you never really know for sure when to exit, especially in a bubble.
      Our own strategy is two-fold:
      (1) Set ourselves real goals in fiat terms with a clear idea in mind as to what we want to use the profits for (i.e. diversify away from high-risk high-growth cryptocurrencies into low-risk assets that generate a steady and reliable passive income that will cover our daily expenses forever – financial freedom 101); and
      (2) Not trade in and out for hopes of a better return. ‘Buy and hold’ is tried and tested and we treat this religiously especially in a highly unpredictable market such as crypto.
    2. In January 2018, Warren Buffet said he would never invest in Bitcoin or any other cryptocurrencies, and predicted the wildly popular assets are in for a fall.
      “I can say almost with certainty that cryptocurrencies will come to a bad end,”
      Warren’s famously never been a big fan of tech in any case, so his advice could be more broadly applied to anything tech-related. Our take on this is that, even the wealthiest of people could be short-sighted and demonstrate “not-so-sound” financial judgements as they have done throughout the majority of their careers and despite being exceptional specialists in their field of expertise.
       Screen Shot 2018-01-14 at 19.25.27
      If investors do not adapt their investment principles to the structural shifts of the economy, the fundamental technological advancements of the period and market sentiment, they are bound to end up on the wrong side of the trade. Bloomberg’s recent article titled “In 2017, Investors Can Either Buy Bubbles or Be Left Far Behind” is a great example of that.
    3. In September 2017, Semil Shah, general partner at Haystack Fund and an early bitcoin investor, said that unsolicited marketing of ICOs will eventually draw the SEC’s attention. Mr Shah suspects that celebrities are being paid to promote certain ICOs.
      “That doesn’t mean it’s illegal, as it’s just another form of “influencer marketing”, but we know the SEC is watching. I would guess long-term that U.S. regulators will not simply look the other way when folks or their agents promote these schemes to the public.”

The Celebrities

  1. In 2017, Jamie Foxx (Cobinhood – free cryptocurrency trading exchange), Floyd Mayweather (Centra Token – token enabling the use of their services), Paris Hilton (LydianCoin – marketing cloud ICO), DJ Khaled (Centra – digital wallet app), The Game (Paragon Coin – cannabis ICO), Ghostface Killah (Cream Cash – Tether-like ICO) demonstrated their avid understanding of blockchain technology by joining the ICO bandwagon and promoting token sales to the average investors.Screen Shot 2018-01-14 at 16.56.37.png
    Screen Shot 2018-01-14 at 16.53.42.png
    Our advice is to stay away from such ICOs. It’s common practice for celebrities to be paid to promote them. It’s worth noting that some of the above ICOs are already facing different issues ranging from class-action lawsuits to suspended trading and CEOs facing assault charges.
  2. In 2016, Mike Tyson launched his own crypto company called ‘Mike Tyson Bitcoin’ offering bitcoin ATMs and a bitcoin wallet app, and also provided the following insight into the future of the global monetary system.
    “In a few years from now Bitcoin and other digital currency are going to be a normal part of our monetary systems.”
  3. In 2017, Ashton Kutcher said:
    “The notion that we could civically monitor each other in an anonymous way actually keeps the anonymity of the Internet. We don’t have to worry about Big Brother. And that same infrastructure that built out Bitcoin could be used in the security industry for mass good.”

Empty Bucket’s Favourite Worst Predictions Of All Time

As the list below demonstrates, no one gets it right 100% of the time even if they are worth listening to most of the time:

  1. In 1889, the great Thomas Edison said the following:
    “Fooling around with alternating current (AC) is just a waste of time. Nobody will use it, ever.”
  2. In 1903, the president of the Michigan Savings Bank advised Henry Ford’s lawyer Horace Rackham, not to invest in the Ford Motor Company because of the following:
    “The horse is here to stay but the automobile is only a novelty – a fad.”
  3. In 1929, the mathematical economist Irving Fisher confidently predicted that the stock market was efficient and fairly priced. Three days later, the stock market plunged into a historic collapse, leading to mass unemployment, the Great Depression and a decade of gloom:
    “Stocks have reached what looks like a permanently high plateau.” In the months following the crash, he continued to assure investors and insisted that a recovery was just around the corner.
  4. In 1943, IBM’s CEO Thomas Watson said the following:
    “I think there is a world market for maybe five computers”
  5. In 1946 Daryl Zanuck from 20th Century Fox said the following:
    “Television won’t be able to hold on to any market it captures after the first six months. People will soon get tired of staring at a plywood box every night.”
  6. In 1977, Ken Olsen, founder of Digital Equipment Corp (later acquired by Compaq) said:
    “There is no reason anyone would want a computer in their home.”
  7. In 1997, the former CTO for Microsoft, Nathan Myhrvold said the following:
    “Apple is already dead.”
    In his defence, the entire computer industry thought Apple was on its death bed.
  8. In 2005, Sir Alan Sugar, founder of Amstrad (ex-publicly listed UK electronics company, now subsidiary of Sky) and host of the TV show ‘The Apprentice UK” said the iPod would never take off:
    “Next Christmas the iPod will be dead, finished, gone, kaput.”

So, as we start off 2018, we are excited to see if any of our predictions come true. If 2017 was the year of hype, 2018, will be the year of consolidation. Those who are patient enough will likely reap the rewards many times over. We recommend that everybody invested in crypto reflect on why they are investing in it.

Is it pure speculation?

Is it to secure an early retirement?

Is it due to being the early adopters of a game-changing technology?

Only you will know the answer but as long as you keep one eye on the present, and one eye on the future, you are sure to come out the winner. We’d like to know your motivation. Feel free to get in touch with us!

If you liked this article, please consider donating even a fraction of an XLM!


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