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Tom Lee, ex-Chief Equity Strategist JP Morgan, and Co-founder and head of research of Fundstrat, believes that the break-even price of mining 1 BTC directly correlates with the purchase price of the cryptocurrency. He considers BTC would increase as he is counting on more institutional investors taking on Bitcoin and also a steady increase in Bitcoin consumer base.Mr.

He is optimistic that increased institutional fortunes would help turn BTC's future around very soon. Sam Doctor, an analyst in Fundsrat along with Lee predicted that by 2019, BTC might reach nothing less than $36,000, together with the probability of $64,000 in the highest and $20,000 in its lowest. A couple of days ago, Tom Lee stated the BTC fair value is a lot greater than the current price.

Ronnie Moas, a cryptocurrency analyst called that BTC might reach $28,000 by 2019. He considers the demand for BTC would increase with its decreasing supply. He made it somewhat clear that by 2019, the adoption rate would increase and hence people would demand more of it. We must recall that BTC is not unlimited in supply. .

 

 

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At the Finance Disrupted event organized by The Economist in Manhattan Mike Novogratz, former hedge fund leader and founder of Galaxy Digital stated that he believes that BTC wont hit $9K annually, and its probably to break beyond $10,000 in the around the first quarter of 2019. This might require BTC to sky-reaching heights as it might soar way ahead of the all-time-high $20K mark. .

 

 

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Fran Strajnar comes up with an extremely optimistic prediction where he considers that BTC might hit $200,000 from January 2020. He thinks that the rate of adoption is directly proportional to the price increase. The more the adoption rate, the greater the increase in value.

Bobby Lee, CEO of Chinas first exchange- BTCC stated before that it would take 20b years for BTC to reach 1 million. Now his prediction completely changed.  Bobby Lee, the co-founder of BTCC(Hong Kong-based Bitcoin exchange) and also the brother of Charlie Lee, Litecoin creator gave an extremely bullish prediction but started with bearish though.

He iterated that the industry capital might reach $7 trillion, which may surpass the market cap of gold. .

Zhao Dong, one of the biggest Bitcoin OTC traders in China and an influencer recently website here predicted that Bitcoin might hit $50,000 from 2021. He cautioned that now is the ideal time to invest go to this web-site in BTC and stated that you could get a yield of 100 to 200% over 3 years if you invest now. .

 

 

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In a recent tweet, Anthony Pompliano, founder of Morgan Creek explained that Bitcoin isn't going anywhere. He stated that BTC could go as low as $3000, after which it will continue being bullish starting from 2019. He enunciated that there is no reason to freak out on the declining price as Bitcoin's fundamentals are becoming stronger. .

Arthur Hayes, the CEO of all crypto derivatives exchange BitMex, on the other hand, have come with an extremely pessimistic bearish prediction. He changed his earlier prediction statement based on the sudden change in the marketplace. Formerly he had said that BTC has the prospect of reaching $50K at the end of the year, but now he says that BTC will reach as low as $3K and will continue being bearish to the entire 2019. .

Even though Bitcoin has been experiencing frequent fluctuations, we think that Bitcoin will soar upward as per the predictions stated above. There are lots of reasons which led to Bitcoins cost fall like Bitcoins being used for illegal purposes and so many past mishaps like hacking and thefts. Pros outperformed the cons, hence Bitcoin remains the market leader, bagging the number one position and maintaining its position.

 

 

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2019 will be bullish for Bitcoin, as by then the adaptability will probably be higher as more people will start believing in the technology behind Bitcoin. Bitcoin will reach up to $20,000 by the mid of 2019. The longer the trading, the more the cost. Additionally, as we know, Bitcoins are rare in circulation, i.e.

Additionally, many countries like the U.S., Japan, and South Korea have shown intense willingness to integrate site here Bitcoin and other cryptocurrencies into their financial systems by setting up controlled markets which could function freely and safely. .

 

 

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From the end of the year 2019, the Bitcoin cost will hit $23,499, which means that the 2018 bearish trend ends and changes to the bullish trend.

 

 

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The cryptocurrency market will experience a industry optimism in 2020, as not only Bitcoin, but each of the major cryptocurrencies will also experience an upward change. The governments and the central banks will adopt the digital currencies, hence the demand needs to be more.

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