Thursday, June 7, 2018

Bitcoin Price To Double

Experts Are Predicting BTC Price to Double

Mr David Hanson, CEO of the gaming platform Ultra stated that "I believe Bitcoin’s price will continue to fluctuate between $6,500 and $8,500 in the coming weeks,”

Mr Hanson continued: “In the medium-to-long term, Bitcoin’s value should go up, as big institutions enter the crypto space in a bid to gain first-mover advantage, further legitimising the market.”

Other blockchain experts share Mr Hanson's view and expect BTC to break the $10,000 ceiling in as little as a few months. Making it a great time to invest at these price points.

Regardless of the drop in Bitcoins price from $20,000 in December 2017, the cryptocurrency leader is indicating a bullish return according to analysts who follow the trends in detail looking for signals indicating trends in the market.

Many experts in the field expect big investors such as institutions to enter the cryptocurrency market in a big way, which will drive prices of all currencies skyward.

Bitcoin is predicted to rise by 95% by the end of year.

Alistair Milne, the ‘Bitcoin evangelist.’ has stated that he believes Bitcoin will reach between $35,000 and $60,000 by the end of 2019. 

If these predictions come true, we are all in for a wild ride, in the best possible way.

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