Earlier this week, the price of Bitcoin has surpassed the $ 8 000. This is mainly due to the significant increase in purchase volumes in all major countries for the exchange of crypto-currencies. Analysts have explained that this sudden increase in demand from institutional investors and the influx of new capital may have triggered the spike in the price of the crypto-currency more popular.
Check out below the details of these predictions in English :
The price of Bitcoin could reach $ 250,000 by 2022
On the 13th of last April, CCN reported that many investors of crypto-currencies, including Tim Draper, have predicted the rising value of the Bitcoin. They have indicated a price of up to $ 250,000 by the end of 2022. If such a situation arose, the market capitalisation fell to around 5 000 billion dollars. The market of the crypto-currency was estimated to be about $ 900 billion at its peak. It would be that the price of Bitcoin is increasing by more than 31 times in four years to exceed $ 250,000.
Source : Pixabay. Experts predict a substantial increase in the Bitcoin.
The investors on the market of Bitcoin, tend to believe in the long term. Despite the drop in the price of this crypto-currency in recent months, most investors have not withdrawn from the market.
How will evolve the price of Bitcoin in the medium term ?
A Wall Street analyst and founder of Fundstrat Tom Lee, has given his opinion on the evolution of the price of Bitcoin in the medium term. He said that his value will probably reach $ 25,000 by the end of the year 2018.
Lee explained that, despite the risks associated with this market, its price could reach the heights this year. Over a period of three days, the value of Bitcoin has registered an increase of 15 %, from 6 $ 900 to $ 8 000. If this increase is maintained until the end of the year, we could expect a historical level.
Source : NCC