Bitcoin Price Prediction 2018: Can cryptocurrency reach $ 50,000 this year? -Bitcoin News Today – Sun Sep 16

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Can Bitcoin get $ 50,000 this year? While most crypto-currencies are well below their highest levels, there are more recent and more recent forecasts for cryptocurrencies. One of these predictions is that Bitcoin can reach $ 50,000 in 2018.

A cryptocurrency wallet manager named Jeet Singh said at the World Economic Forum in Davos that the current volatility is quite normal with respect to the cryptocurrency space. He also stated that it is normal for cryptocurrency to fluctuate from 70% to 80%. This is one of the main reasons why current volatility does not worry him at all.

He compared crypto-currencies to current companies like Microsoft and Apple. Initially, their stocks were also very volatile. However, as companies develop their business model, stocks have not only increased, but they have also become much more stable.

Bitcoin price today

SEE ALSO: Bitcoin Price Predictions 2018: What price can Bitcoin reach in 2018? Up to $ 1 million or less than $ 100? (In-depth analysis)

However, many investors are currently concerned about the high volatility of cryptocurrencies. According to him, however, long-term investors have absolutely no fear of volatility. As they are here to stay longer, they would have no problem keeping the cryptocurrency longer.

He added that Bitcoin would reach $ 50,000 this year. If this is the case, the current price of Bitcoin is around $ 10,000, which would be a five-fold increase.

Whether the portfolio manager is right or wrong, only time would be able to say it. The truth is that at the moment, many investors are worried about putting money in Bitcoins. It is only when they are sure that the volatility will end and that Bitcoin will resume its upward trend, you can be sure that most investors will be willing to invest in this cryptocurrency. change.

For now, however, most investors are standing out of the crypto-currency boom. Many investors only keep their holdings patiently to see if cryptocurrencies are recovering or not their upward trend. It is still too uncertain for most investors to take a call. On the other hand, the institutions also increase their presence in the cryptocurrency rhythm, which will surely benefit the cryptocurrency space and add value and credibility to crypto-currencies at the same time. # 39; future. This is one of the main reasons why this is not a new drop after the last few weeks. In addition, once the regulatory hurdles are settled, you can be sure that the cryptocurrency value will be even higher.

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Bitcoin Price Predictions 2018: What price can Bitcoin reach in 2018? Up to $ 1 million or less than $ 100? (In-depth analysis)

Bitcoin prices in 2018 were marked by volatility that made predicting short-term bitcoin prices difficult, even for experienced analysts. At the time of writing, the price of Bitcoin has dropped from 10,000 to less than 8,000 as a result of news that search engine giants Google will ban advertising related to encryption. Until now, 2018 has presented its own surprises, but not dramatically, as we say the roller coaster in 2017.

History usually has a way of repeating itself, but bitcoin has a lot of history, making it an equal challenge to predict which story will be repeated. It takes more than a study of past trends to obtain one-time forecasts this time, so we ended this article by highlighting some of the areas that expert analysts were looking at.

Analysts, enthusiasts and industry figures have widely divergent opinions and long and short-term price forecasts. Optimism is still high in many sectors – reports from a new survey of British financial institutions suggest that a large majority will be buying more coins in the hope of a "big deal". price recovery later this year.

As we seek to know who is saying what and why, here is an overview. Expect a lot more price fluctuations in the meantime. It will be a bumpy ride on the eve of the end of the year.

Bitcoin is surely in the lead – John McAfee

John McAfee, a Bitcoin supporter and founder of the popular McAfee antivirus software, is very positive about Bitcoin. He predicted that the price of bitcoin will reach $ 1 million by 2020, following forecasts of $ 7,000 last year, which were largely exceeded.

The Bitcoin Price Prediction Tracker portal, Bircoin.top, has made the calculations and explains that Bitcoin must grow daily at 0.4840957034310259% per day to meet McAfee's forecasts. Currently, Bitcoin costs about $ 8,207, compared to $ 7,171. Cool no? However, to achieve McAfee's goal, BTC is expected to end the year at just over $ 29,000.

[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]"BTC accelerated much faster than my model assumptions. I'm now predicting Bitcoin at $ 1 million by the end of 2020. I'm still going to eat my d ** k if I'm wrong. " – John McAfee[/perfectpullquote]

In addition to the economy of Bitcoin's limited supply, its prediction has taken into account factors such as the increased adoption of Bitcoin and the blockchain, as well as the total market capitalization of cryptocurrency around $ 162 billion.

Expect stability only after 10 years – Kristjan Dekleva (Hedge)

The financial expert based in Switzerland will propose a decade of turbulence before any hope of a stable bitcoin. This, he suggests, will coincide with a general acceptance of Bitcoin even in China. This however, not as a temporary replacement but a viable alternative.

[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]"In my opinion, it will take at least 10 years before we can see stability." – Kristjan Dekleva (Hedge)[/perfectpullquote]The financial expert of the cryptocurrency project Hedge sees the investments in Bitcoin as too similar to the DotCom bubble of the 90s.

So, Mr. Dekleva, what are we having for dinner in 2018?

[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]"In the short term, falls have been caused by emotions and, in many cases, by misinformation – a small rumor can have a big impact …"Demand is driven by market speculation, but the lack of institutional investors means the market is unstable.[/perfectpullquote]

Instability is The next stop is the prestigious Harvard.

Bitcoin to reduce to $ 100 – Kenneth Rogoff (Harvard Prof & Ex, head of the IMF)

Known for his derogatory remarks against Bitcoin, a former chief economist of the International Monetary Fund (IMF), Kenneth Rogoff, poured cold water in hopes that Bitcoin would reach the moon.

[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]"I think Bitcoin will be worth a small fraction of what it is now if we went out in 10 years … I would see $ 100 as much more likely than $ 100,000." – Kenneth Rogoff[/perfectpullquote]Rogoff's prediction is based on his long-held belief that governments will rise up against anonymous virtual currencies like Bitcoin. Government regulation, according to Rogoff, will burst the Bitcoin bubble, but a Bitcoin pioneer on Wall Street thinks differently.

Bitcoin will reach $ 25,000 in 2018 – Tom Lee (partner Snr.Fundstrat, former chief JP Morgan)

The popular Bitcoin forecaster, Tom Lee, expects Bitcoin to reach $ 25,000 by mid-2018, more than double its $ 10,000 price in January, originally .

[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]"We expect Bitcoin's low to be $ 9,000, and we would be aggressive buyers at this level" – Tom Lee[/perfectpullquote]Although Bitcoin went under Lee's $ 9,000 base (nearly $ 6,000), it rebounded in March to $ 11,000. It will take a similar route to the one we witnessed last year for Bitcoin to reach this mark. To do this, Lee is counting on more institutional investors who are taking hold of Bitcoin and a steady increase in the Bitcoin user base. Lee's target could be half of the note, according to his comrade.

A volatile Bitcoin to hit $ 50,000 – Jeet Singh (Cryptocurrency Portfolio Manager)

Speaking in January at the World Economic Forum in Davos, experienced cryptocurrency fund manager Jeet Singh predicted that the price of Bitcoin would reach $ 50,000. He cautioned against the sharp price swings that he believes are normal only for a maturing Bitcoin market.

[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]Bitcoin could certainly receive $ 50,000 in 2018 … We will probably be going through a period of painful volatility as the next $ 10,000 Bitcoin is reached. – Jeet Singh[/perfectpullquote]Just like Lee, Singh expects Bitcoin to be adopted not only on the black market, but also by institutions and entire countries. If 50k seems too optimistic, what about 100k of the "Nostradamus of Markets"?

Bitcoin is the future; Fiat is past – (Tim Draper, Venture Capitalist)

In 2014, with bitcoin at only $ 413, the popular VC, Tim Draper predicted that Bitcoin would reach $ 10,000 in three years. This was accomplished a month earlier than expected, which earned him a reputation among crypto fans. Although he has not categorically predicted a $ 100,000 Bitcoin in 2018, he said he expects Bitcoin to continue growing in an interview with Bloomberg last year. Tim Draper once managed to make bets with Tesla, Skype and Twitter.

Assuming that this growth occurs at the same rate as the three-year trip to $ 10,000, we have six digits. Right maniac? That's exactly what Draper thinks about Bitcoin's prospects. Now, on someone who understands a lot about the Bitcoin Foundation.

Bitcoin will reach $ 40,000 – Llew Claasen (Executive Director, Bitcoin Foundation)

Last month, Llew Classen made a bold statement to reassure Bitcoin enthusiasts that cryptocurrency was on the right track, especially to reach the $ 40,000 mark. Although his prospects for some Altcoin holders have not been very encouraging, he has made it clear that as novelty, cryptocurrency would be as risky as it is exciting.

Bitcoin will spend $ 43K by December 2018 – (Survey by Finder.com)

Finder.com has asked the opinion of 13 experts in cryptocurrency and concluded that the price of Bitcoin will grow by 300% to 43,000 dollars by the end of the year. The site also predicted Bitcoin at over $ 14,000 as of March 1st.

[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]"Although we saw the top 10 pieces of 24% last month, our survey shows that panelists expect this to be a problem as these pieces are about to recover." – Jon Ostler, UK CEO finder.com[/perfectpullquote]

Ostler noted that predictions were not immutable, as they can easily be influenced by "external factors such as regulations, laws and banking systems".

Bitcoin Will Will Reach $ 320,000 a Day – Cameron Winklevoss (Co-Founder, Gemini)

Cameron Winklevoss, one of Winkelvoss's most popular twins, recently said that he could easily see the price of the BTC increase by 40% a day. This year maybe? Not likely. The twin stated that he and his brother went further, 10 to 20 years.

[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]"Bitcoin is actually fixed in the supply, so it's best if it's rare … it's sort of like a better performance across the market. We think that regardless of the price movement in recent weeks, it is still a very underestimated asset. »- Winklevoss [/perfectpullquote]The fourth-richest investor in cryptocurrency weighed Bitcoin's prospects against gold and proposed a resounding verdict. "We think Bitcoin disrupts gold" He said.

Bitcoin to Reach $ 1 Million – Bobby Lee (CEO BTCC Exchange)

Bobby Lee, CEO of the first Bitcoin exchange in China during London Blockchain Week, has exceeded his expectations. Lee said Bitcoin would exceed $ 1 million, but unlike McAfee, he could see this happen in 20 years.

[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]"Bitcoin, I think, will reach $ 1 million per bitcoin … Right now it's 10,000, then 100,000 and 200,000, 500,000." – Bobby Lee[/perfectpullquote]

IN SUMMARY

A good number of analysts also had their say, although very few would be attracted by the actual forecasts. We observed a general trend in their evaluations.

Expect price fluctuations:

At this point, bitcoins and cryptocurrencies will be greatly affected by speculation. Even small developments in traditional governments will likely have an impact on prices. Most say that the fluctuations are normal and will not affect the long-term outlook.

Long-term prospects

Experts would prefer to make forecasts over a longer period. It is more common to have Bitcoin price forecasts for 2020 or 10 or 20 year outlooks. Although the current reality suggests that a number of problems arise, it should be recalled that the peaks achieved last year occurred amidst similar corrections. This is the first quarter of the year only.

Bitcoin will be the standard for virtual currencies.

Although bitcoin may have a limited use case, it has been designed to remain the king of all cryptocurrency. This will not be a case of "what altcoin will overtake Bitcoin" rather how they will impress with their special use cases. It is a fact that the technology behind Bitcoin is less sophisticated compared to many other projects like Ethereum.

Bitcoin as a store of value

Gradually, bitcoin is viewed more as a store of value compared to a real currency compared to gold and other assets. Bitcoin was originally designed as an alternative currency for the unbanked bank. Most decision-making bodies and financial experts, however, regard Bitcoin as a stock of value, an asset rather than a means of transaction.

Many Altcoins will suffer

Part of the process that will lead to the general acceptance of cryptocurrency will include a cleanup of "useless" crypto-currencies. Many of the 2000 coins will naturally disappear as their value becomes worthless, some only being a fraction of a cent. Brad Garlinghouse, the CEO of Ripple and Llew Claasen of the Bitcoin Foundation are among these alarms.

Economics of scarcity

The limited supply of bitcoins – a fixed offer of BTC 21 million – will play a role in its price; if not now, in the future.

External factors will play an important role

Many observers believe that external factors affecting the adoption of bitcoin will determine the price in the short term. The creation and performance of futures markets, for example, should drive down prices.

Bitcoins used for illicit purposes continue to cause concern

Due to the anonymity of Bitcoin transactions, it has been used to carry out illegal activities, giving Bitcoin a bad overall picture. According to analysts, this image will affect its adoption and, ultimately, its prospects for the future.

Finally, be careful not to risk your savings

Cryptographic investments are new and very risky. Remember that the founder of Ethereum said that cryptos were so risky that prices could fall to zero. Well, that does not seem practical, but the message was clear. Do not invest your savings in bitcoins or crypto-currencies in general. Just as John Draper noted, you still have to buy things in fiat. So even though bitcoin is likely to be worth a lot more in the future, it is advisable to invest as much as you can afford to lose.

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