Bitcoin Bubble or Boost: $ 30,000 – Bitcoin 2019 price forecast by a financial analyst. BOOST: Cryptocurrency to rise above $ 30,000 in 2019, according to the analyst. BITCOIN received a price increase after its recent turbulent period, with a financial analyst predicting that it could exceed $ 30,000.
Bitcoin has lived a month rancid between the news of a more severe regulation that led to a small market incident.
Bitcoin Price Today
It has dropped in price, this is good.
Imran Wasim, a financial analyst at AMSYS Group, said: "The price has dropped, this is positive.
"Much more money will come in bitcoins, bitcoins will go up to $ 30,000 – $ 35,000 this year – the next two years? $ 100,000."
Although he revealed that he had no "idea" when the price could increase, Mr. Wasim added: "It is about to happen, because of its value reserve".
Oliver von Landsberg-Sadie, the founder of BitcoinBro cryptocurrency brokerage, said that bitcoin is simply experiencing "increasing pain" as the market matures.
I think we are witnessing growing pains.
Mr. Landsberg-Sadie said: "I think we are witnessing growing pains.
"You have arbitrated the regulatory jokes but I believe these are regulatory steps forward.
"The position of South Korea in ensuring that exchanges know who they are dealing with is a very positive step.
"But he had a hit on bitcoin."
He said that bitcoin regulation and its price change were a sign of the "growing" market.
Mr. Landsberg-Sadie added: "I think that the regulatory environment is one of the few factors contributing to this correction, which I consider a very healthy correction.
It is a step in the right direction.
"It is a sign of the growing market and recognizes that cryptocurrencies are not a tool to launder money or illicit use.
"I think it's a step in the right direction.
"I think they are the right kind of change we need for the monetary system, but it must be done well." –
Bitcoin Price Predictions 2019 How high is the price of Bitcoin in 2019? Up to $ 1 million or up to $ 100? (Detailed analysis)
Bitcoin prices in 2019 had been marked by a volatility that had made the short-term bitcoin price forecast a bit of a challenge, even for experienced analysts.
The story generally has a way of repeating itself, but the bitcoin has a lot of history that makes it an equal challenge to predict which story will be repeated. It takes a lot more than a study of past trends to get timely predictions right now and so we closed this article by highlighting some area experts who were watching.
Analysts, enthusiasts and industry figures have very divergent views and forecasts on both long and short-term bitcoin prices. Optimism is still high in many quarters – reports from a new survey among British financials suggest that a large majority will buy more coins in hopes of a resumption of prices by the end of the year.
As we delve into who's saying what and why, here's a heads-up. Expect many more price fluctuations in the meantime. It will be a bumpy ride to get anywhere Bitcoin is in the lead by the end of the year.
Here are some expert forecasts:
Samuel Leach, CEO and founder of Yield Coin
"After experiencing a turbulent year in 2018 – one that has seen its value fall from around $ 15,000 in January, to just over $ 3,000 at the time of writing – I think Bitcoin will recover at a value between $ 10,000 to 15,000.
"The inherent volatility of cryptocurrency means that it is difficult to predict with any kind of finite precision, but the outcome of upcoming events will be a significant way to determine the price.
"Intercontinental Exchange, the operator of the New York Stock Exchange, is planning to launch Bakkt, a regulated market at the federal level that will allow institutions and consumers to purchase, store and sell cryptographic assets in a transparent and secure manner. it is supported by corporate leviathans such as Microsoft, Starbucks and the Boston Consulting Group, and is about to bring to the market currently invisible levels of trust and transparency.
"Similarly, the ErisX cryptographic exchange has recently raised $ 27.5 million from Fidelity Investments and Nasdaq and plans to launch the encrypted derivatives in the upper half of 2019. Loyalty is one of the largest wealth managers in the world, with resources for about $ 2.5 tn. Similarly, the Nasdaq operates the second largest stock exchange in the world, after the NYSE.
"The involvement of such significant financial institutions and" mature "encryption products will lead to an appreciation of the price of Bitcoin.
"A defined regulatory movement will also lead to an improvement in the price of Bitcoin: proper regulation will make it safer for speculators and reduce the presence of fraudsters or ill-conceived products on the market, and could encourage the involvement of institutions, which at this point they were wary of any related encryption for reasons of compliance ".
Joel Kruger, currency strategist at LMAX Exchange
"Our 2019 forecasts for Bitcoin are much more constructive than we anticipated for 2018. By the end of 2017, we had warned that Bitcoin had surpassed" the point of rational appreciation "and highlighted a massive downside risk in a boiling market with too many holes (regulation, development, hard forks).
"Towards the end of 2019, Bitcoin retraced that move and then some, with a recent break below the $ 6,000 area, opening this next bearish extension pointing to a major decline towards the September 2017 low at $ 2,975.
"Although we do not rule out a bearish extension that brings Bitcoin to $ 2,000, we do not believe that the price will spend too much time under this barrier and we will start to find a new question before a possible rejection to the high.
"As much as the crypto market would like to make the argument for Bitcoin as an asset value deposit, at this stage of the game, Bitcoin is not yet mature enough in its ten years of life to take on a role as a port for flight In the end, we believe that risk markets are still exposed to the reality of exhaustion of monetary policy, and the profit of investors in high equity securities will likely lead to a flight to a security offering that has a lot of that speculative money in Bitcoin, intended for safer use horizons in traditional risk games.
"But we also believe there is tremendous potential that comes from decentralized, digital, peer-to-peer currency, and as we begin to see possibilities more clearly, Bitcoin will regain the bases and return to trading at the top.
"This leaves us with a prospect for Bitcoin in 2019 that could see a continuation of weakness in the first half of the year, before the market finally stabilizes and begins to rise in anticipation of what should be a second wave of cryptoassets.
"We will be looking for Bitcoin to end the 2019 trading in the region from $ 5,000 to $ 8,000, after recovering from the lows that may have expanded below $ 2000 between now and the end of the first half of 2019."
Here are some old predictions for the future of Bitcoin.
Surely, Bitcoin is directed – John McAfee
John McAfee, Bitcoin supporter and founder of the famous McAfee antivirus software, is very positive about Bitcoin. He predicted that the price of Bitcoin will reach $ 1 million by 2020 after last year's forecast of $ 7,000, which was exceeded.
When I predicted Bitcoin at $ 500,000 by the end of 2020, it used a model that included $ 5,000 at the end of 2017. BTC accelerated much faster than the assumptions of my model. Now I'm preaching Bircoin for $ 1 million by the end of 2020. I'll still eat my dick if I'm wrong. pic.twitter.com/WVx3E71nyD
– John McAfee (@officialmcafee) November 29, 2017
The Bitcoin Price Prediction Tracker portal, Bircoin.top, did the math and explains that Bitcoin needs to grow daily to 0.4840957034310259% per day to meet McAfee's prediction. Cool, right? However, to reach the goal of McAfee, BTC would have closed the year at just over $ 29k.[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]"BTC accelerated much faster than my assumptions about the model, and now I expect Bitcoin to be $ 1 million by the end of 2020. I will still eat my d ** k if I'm wrong" – John McAfee[/perfectpullquote]
Apart from the economy at the base of Bitcoin's limited supply, its forecast took into consideration factors such as the increase in the adoption of Bitcoin and blockchain and the total capital cap of cryptocurrency of about $ 162 billion, which offers ample room for growth.
Expect stability only after 10 years – Kristjan Dekleva (Hedge)
The financial expert based in Switzerland will give us courage for a decade of turbulence before any hope for a stable bitcoin. This suggests that it will coincide with a general acceptance of Bitcoin even in difficult China. This however, not as a fiat substitution but as a valid alternative.[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]"In my opinion, it will take at least 10 years to see stability". – Kristjan Dekleva (Hedge)[/perfectpullquote] The finance expert of the Hedge cryptocurrency project sees the investments in Bitcoin all too similar to the DotCom bubble of the years' 90.
[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]"In the short term, falls have been driven by emotion and in many cases by misinformation – a small voice can have a big impact …Demand is driven by market speculation, but the absence of institutional investors means that the market is unstable.[/perfectpullquote]
Instability is. The next stop is the prestigious Harvard.
Bitcoin will shrink to $ 100 – Kenneth Rogoff (Harvard Prof and former head of the IMF)
Known for his disparaging remarks against Bitcoin, a former chief economist of the International Monetary Fund (IMF), Kenneth Rogoff poured icy water on the hope that Bitcoin had arrived on the moon.[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]"I think Bitcoin will be worth a small part of what it is now if we go out in 10 years from now … I would see $ 100 as much more likely than $ 100,000." – Kenneth Rogoff[/perfectpullquote] Rogoff's prediction is based on his long-held belief that governments will rise up against anonymous virtual currencies like Bitcoin. The government regulations, according to Rogoff, will burst the Bitcoin bubble but a Bitcoin pioneer on Wall Street thinks on very different lines.
Bitcoin is the future; Fiat has passed – (Tim Draper, Venture Capitalist)
In 2014 with bitcoins for only $ 413, the popular VC, Tim Draper predicted bitcoins to reach $ 10,000 in three years. This came true a month earlier than expected to earn a reputation among cryptographic fans. He said he expected Bitcoin to continue its growth in an interview with Bloomberg last year. Tim Draper has made successful bets with Tesla, Skype and Twitter in the past.
Assuming that this growth takes place at the same rate as the 3-year journey up to $ 10k, we are six figures. Maniacal, right? That's exactly what Draper tries out of Bitcoin's prospects. Now on someone who understands a lot about the bitcoin foundation.
Bitcoin will hit $ 40,000 – Llew Claasen (executive director, Bitcoin Foundation)
Llew Classen made a bold statement to reassure Bitcoin believers that the cryptocurrency is on the right track, in particular, on its way to reaching the $ 40,000 mark. Although his view of some altcoin supporters has not been very encouraging, he made it clear that as something new, the cryptocurrency will be as risky as it is exciting.
Bitcoin will reach $ 320,000 a day – Cameron Winklevoss (co-founder, Gemini)
One of the famous Winkelvoss twins, Cameron Winklevoss recently stated that he could easily see the price of BTC rise by 40% a day. Maybe this year? Not likely The twin said that he and his brother were taking a longer perspective, 10 to 20 years.[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]"Bitcoin is currently fixed in the supply, so it's better than poor … it's equivalent to better gold across the board.We think that regardless of price changes over the last few weeks, it's still a very little appreciated resource." – Winklevoss [/perfectpullquote] The fourth richest investor in cryptocurrencies has weighed the bitcoin against gold and has issued a resounding verdict. "We believe that the bitcoin upsets the gold" He said.
Bitcoin will reach $ 1 million – Bobby Lee (BTCC Exchange CEO)
Bobby Lee, CEO of Bitcoin's first Chinese exchange at London Blockchain Week, exaggerated his prediction. Lee said bitcoin will exceed $ 1 million but unlike McAfee, he could see it happen in 20 years.[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]"Bitcoin, I think it will reach $ 1 million per bitcoin … Right now it's 10,000, it will go to 100,000 and then to 200,000, 500,000." – Bobby Lee[/perfectpullquote]
A good number of analysts have also had their opinion even if very few would have been dragged into real forecasts. We have observed a general tendency in their evaluations.
Expect price fluctuations:
In this phase, bitcoins and cryptocurrencies will be strongly influenced by speculations. Even small developments in governments, traditional prices will probably affect prices. Most say that fluctuations are normal and do not affect long-term prospects.
Experts would prefer to make predictions over a longer period. It is more common to have bitcoin price forecasts for 2020 or a 10 to 20 year perspective. While current reality may suggest a bit of sadness, it is worth remembering that the heights reached last year have come amid similar corrections along the way. It is only the 1st quarter of the year.
Bitcoin will be the standard for virtual currencies.
Although bitcoin may have a limited use case, it has been suggested to remain the king of all cryptocurrencies. It will not be about "which altcoin will exceed bitcoin" rather than how they will impress on their special use cases. It is a fact that the technology behind bitcoin is less sophisticated than many other projects such as ethereum.
Bitcoin as a reserve of value
Little by little, bitcoin is seen more as a store of value than a real currency is compared to gold and other assets. Bitcoin was originally designed as an alternative currency to cash out the unbanked. Most decision-making bodies and financial experts, however, see Bitcoin more as a store of value, a resource rather than a means of transaction.
Many Altcoin will suffer
Part of the process that will lead to the general acceptance of cryptocurrencies will include a cleanup of "useless" cryptocurrencies. A good number of the 2,000 coins will naturally go as their value becomes useless: some, only a fraction of a cent. Brad Garlinghouse, CEO of Ripple and Llew Claasen of Bitcoin Foundation are among those who raise this alarm.
The limited supply of bitcoin, a fixed supply of 21 million BTC, will play a role in its price; if not now, in the future.
External factors will play a significant role
Many observers believe that the external factors that influence the adoption of bitcoins will ultimately determine the price in the short term. The creation and trend of futures markets are expected to pry the price in both ways.
There are still concerns about bitcoins used for illicit purposes
Because of the anonymity of Bitcoin transactions, it was used to conduct illegal activities that give Bitcoin a poor overall image. This image, according to analysts, will influence its adoption and, ultimately, its future prospects.
Finally, attention to the risk of life savings
Crypto investments are new and super-risky. Remember the ethereum founder who claims that the criptos are so risky that the premiums could actually drop to zero. Well, that does not seem practical but the message was clear. Do not invest the savings of a lifetime in bitcoins or cryptocurrencies in general. Just as John Draper noted, you still need to buy things in fiat. So even if the bitcoin will evaluate much more in the future, it is advisable to invest as much as one can afford to lose.