Bitcoin prices are moodier than a baby whose mother is eating. The price rises inexplicably and falls just as fast with no reason whatsoever. And it, being an unregulated currency and everything has repeatedly been called a ‘bubble’, a ‘mimic’ and whatnot.
There is no definitive way of telling what the price will be at any given point in time but some major investors and experts have made predictions time and time again about what the value will be and rise to.
Since the bull in December, crypto naysayers have doubled back and invested in the market. And a lot of predictions have been made as to what value bitcoin will close at December this year, here are the top ten predictions and who they were made by:
Dan Morehead: $20,000
Pantera Capital is a hedge fund and investments company that is based out of San Francisco. The CEO Dan Morehead forecasts Bitcoin’s value at $20,000 by the end of December. He made this particular prediction in Pantera’s newsletter’s April issue.
Thomas Lee: $25,000
Fundstrat’s co-founder Thomas Lee has repeatedly issued statements of faith to bitcoin and it’s recovery. In a series of tweets, he said that bitcoin’s recovery graph is always V-shaped and it was just a matter of time till it picked up again. He went on record a couple of weeks ago to say that he believes that bitcoin will climax at $25,000 this year.
Max Keiser: $28,000
Forecasting a value that is almost $8000 over the maximum value that bitcoin has ever touched, is Max Keiser. The host of Russia Today has always been excited about bitcoin and tweeted to the effect of the prediction a couple of weeks back.
Alistair Milne: $35,000
Major crypto investor, Alistair Milne, believes that by the end of play 2018 and by 2020, Bitcoin is set to hit $35,000.
Anthony Pompliano: $50,000
A serial cryptocurrency investor that is ‘hell-bent on tokenizing the world’ told mainstream media that he saw bitcoin easily soaring to prices above $50,000 by the end of the year.
John Pfeffer: $75,000
John Pfeffer is an investor based out of London. In a report that he produced at the beginning of the first quarter of 2018, he made claims which suggested that bitcoin will rise up to $75,000 by the end of the year.
Kay Van-Petersen: $100,000
Kay Van-Petersen is an analyst at Saxo Bank. His predictions and forecasts for bitcoin and other altcoins have had an uncanny tendency of coming true, so when he says that he believes that bitcoin will hit $100,000 by the end of the year, it does turn heads.
Tim Draper: $250,000
The investment mogul, Tim Draper joined a talk show on CNBC and confirmed to everyone that he believes that BTC will touch $250,000 by the close of the year.
Brian Kelly: $250,000
CNBC talk show host where Tim Draper made his prediction.
John McAfee: $1,000,000
Probably one of the most out there predictions that Bitcoin has been made is by, surprise surprise, John McAfee. He bet that if bitcoin doesn’t touch 1 million by the end of the year he would eat his dick and live telecast it while he’s at it.
Irrespective of whether BTC makes any or all of these predictions come true, it is clear that the world’s leading cryptocurrency has a lot of big names backing it. And also waiting for it to soar. It is very important to have a strong community around something as volatile and revolutionary as the cryptocurrency market and by the looks of it, BTC and all its counterparts have just that.
As we head into the second quarter of the year, bitcoin is on the rise with big names like Rockefeller and Soros investing in them. Is this a sign that only more rise is to be expected?
So, what do you think about this? Simply share all your views and thoughts in the comment section below.
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