What? The dollar isn't dead due to pensions. Pensioners retirements are dead. How is the dollar impacted directly by the states not siphoning off enough money to fund their liabilities?

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Let's consider if this is a credible projection.

First, it comes from a strategist at a firm called Fundstrat. Anyone heard of Fundstrat on Wall St.? Me neither. Ok, so the firm is new (at best). 

Second, the strategist is named Tom Lee and has a well credentialed background on Wall St. He's also the lead guy at Fundstrate. Ok, a seemingly credible mind standing by this projection.

Third, the model. We get some glimpses in to his thinking. He's comparing the value to gold, claiming that gold production is increasing while (obviously) bitcoin production is decreasing. This will make bitcoin more scarce. He also cites bitcoins security features as advantageous for storing wealth. Serving as a better option to gold is the primary driver. They don't offer any hint at the math that gets them to the number but do divulge that their prediction range is $12,000 - $55,000...that's a HUGE range. Anyone here think it's impossible for Bitcoin to hit $12,000 in 5 years? Me neither.

Fourth, since Lee has taken incredibly bearish positions and points of view on the US stock market earlier this year he does need to have an answer to "so where should I put my money?" Bitcoin offers a good answer...and his prediction get's him good press coverage.

Finally, it's exciting to see Wall St. take notice to Bitcoin. Let's hope the attention continues to be positive.

That prediction might be too much too soon, and as much as I want the price to reach that level, that seems to me to be a very bold prediction. Gold took a while to reach its market value of 7 trillion dollars, and bitcoin might take a while to even make $500 billion. But it's worth finding out as the years lead us closer to that estimate.

$55000 ? It was a fantastic price. I hope it will happen. Although still far from expectations.

Indeed ...

This is good news! i might consider invest more money in bitcoin and hopefully he reach higher value!!

it should go even higher than 55,000 honestly. The more and more other countries are getting into it the more the price will go up.

We are seeing unprecedented growth in countries making it legal or accepting it to be used in their hedgefunds and portfolios for banks.

It might be hard to believe for our bitcoin community as the price is ridiculously high. But the thing is bitcoin community and market cap is very less right now. Bitcoin community being a size of 5 million or less (less than 0.1% of world population). There is huge market available outside. With countries making bitcoin legal and many retailers and merchants accepting bitcoin. Bitcoin will become worldwide phenomenon. Users may rise exponentially. Price will rise with the same pace. $55,000 is possible.

That was really a great thing if that happened but i guess predicting is not a sure thing as we all know and we dont really know what gonna happened after 2-5years in the price of bitcoin it could also get lower and could increase also at at a time but news are not a good source.

That mean they're finally investing some money into bitcoins and want to make sure everyone else buys up too so they can profit quicker. I would do the same if I had the same reach. Why be all doom and gloom with your own investment? That would be stupid.