The bitcoin price forecasts for this year continue, with Fundstrat's Tom Lee, who is still convinced that the $ 20k brand remains a possibility. Conductor RT Max Keiser seems to share this belief, especially since BTC has already broken $ 7,000 in September.
The price of the bitcoin can still reach $ 20k, says Tom Lee
Tom Lee of Fundstrat is known for his optimistic view on Bitcoin and his future He still believes that the various BTC price forecasts, including its , are still possible, especially the one that says that Bitcoin will reach $ 20,000 by the end of 2018. This belief was discarded by many during the year, as the constantly bearish market continues to hit the crypts hard, month after month
Lee recently discussed emerging markets, saying that the Bitcoin price movement shares many similarities with each other. More specifically, he talked about ETFs as the ETF on the iShares MSCI Emerging Markets Index. This ETF allows investors to allocate their funds to various equity / asset portfolios in developing regions and in their respective markets.
He later claimed that these markets, as well as BTC, peaked at the start of the year, only to see a significant fall later along the line. He also believes that the correlation continues to hold.
Bitcoin grow together with emerging markets
According to Lee, the performance of ETFs and assets is strongly influenced by emerging markets, and their increase is the spark that will bring the crypts to new levels of magnitude. The correlation between them has been strong since the beginning of last year.
Lee also predicts that various world conflicts, particularly those between the United States and Iran, Turkey, China and other countries in the world could also affect the US dollar. If this happens, the price of cryptocurrencies, and in particular Bitcoin, could skyrocket like never before.
Max Keizer believes that it is also possible $ 28k for BTC
Although 2018 has been marked as an extremely bearish year, Max Keizer has also maintained its positive position towards Bitcoin and its price. These days, we mark a whole month since the criptos have reached certain levels of stability. Some even consider the current situation to be decent, with BTC violating $ 7,200 per currency.
As usual, many other scrambles have followed its progress, and the market has even managed to surpass $ 13 billion, a major increase, especially considering that only a week ago it was barely more than $ 5 billion.
As the end of the year approaches, digital currencies are once again gaining value and Keizer believes its previous BTC forecasts that hit $ 28k are still valid. This is further supported by further interest from institutional investors, who are engaging in the market through custody solutions.
Still $ 28,000 in play. #Bitcoin
– Max Keizer (@maxkeiser) September 1, 2018
At this point, it would appear that the US SEC's waste from the US SEC does not contain either. Jonathan Hamel of Academie Bitcoin shares this opinion, as well as Tom Lee. EToro also stated that there are numerous alternatives to ETFs, such as ETN.
With all these positive factors accumulating, it is not surprising that the scramblers have been able to shake off the bears in favor of the bulls. Analysts and cryptocurrency experts believe that this is still just a beginning and that big changes are on the market, and especially on Bitcoins. If they are right, nobody knows, but considering the way things have been going recently, it would seem that the optimists could be correct.
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