There are several experts on the future of Bitcoin. Many believe it will hit a milestone around $10,000 by the end of the year. Others, like hedge fund manager Michael Novogratz, predict it will reach $48,000. Experts attribute the growth of cryptocurrency to high demand in Asia and limited supply. Gatecoin’s head of APAC business, Thomas Glucksmann, attributed the rise to institutional capital and technological developments like the Lightning Network.
Cryptocurrencies like Bitcoin are on the cusp of mainstream adoption. Visa and PayPal now offer Bitcoin as a form of payment. And even the smallest corporations and institutions are putting their money into the currency. While many market analysts have given their own price predictions, they are still speculative and should not be considered factual. The key is to understand how Bitcoin works and what the future holds for it. You may share your article on forexinghub and thehomeinfo. So that, your website rank on Google as well and get more information from worldtravelplace and worldupdate
Tim Draper, the most famous bitcoin VC, has predicted a $10,000 USD price per Bitcoin by the end of 2018. Others have tried to predict the price of bitcoin, but they have been unsuccessful. Unlike fiat currencies, bitcoin is traded on a free market, exposing it to many external influences. Thus, it is impossible to predict Bitcoin’s price in advance. In this article, we’ll review some of the major Bitcoin price predictions made in the past.
Several analysts have predicted a dramatic rise in the price of Bitcoin. The list includes leading cryptocurrency adopters and pundits. Last week, Tim Draper said the cryptocurrency would hit $10,000 within a decade. A year prior, the cryptocurrency had hit just under $6,500. He added that even 1% of that amount could be invested in digital currencies. So what is your price prediction on Bitcoin by the end of 2018?