Bitcoin recently crossed the $3,000 mark on Chinese bitcoin exchanges, marking a new high-water mark for the bitcoin price. That’s not too shabby for a currency that has died 134 times, according to 99Bitcoins’ Bitcoin Obituaries tracker.
Although naysayers such as Mark Cuban claim bitcoin is due for a correction, there are good reasons to think the bitcoin price is not in a bubble. Indeed, Keiser Report host and long-time crypto-advocate Max Keiser stated on Twitter that he believes a $5,000 bitcoin price is within sight.
Keiser’s comment was prompted by a tweet from Roy Sebag, CEO of Goldmoney, who said he attended a meeting where a portfolio manager from a well-known hedge fund stated that his or her hedge fund was “dabbling in cryptos” and that going long “has helped our performance.”
As bitcoin becomes mainstream, both fund managers and the general public will cease to view bitcoin as a taboo investment and instead treat it as a viable investment vehicle, or at least a way to diversify their assets.
This certainly does seem to be the case. Global Advisors, a U.K.-based hedge fund recently released a bitcoin assessment that theorized the bitcoin price could double if bitcoin successfully implements a scaling solution. The Financial Times also reported that four large Japanese and American hedge funds have begun buying Mt. Gox account holder claims on the gamble that a bitcoin price increase will net them a huge windfall.
The bitcoin price still has a long way to go to reach $5,000, but if current trends continue cautious investors will soon be left regretting that they did not buy bitcoin when it was valued at $3,000. On his part, Keiser—who boasts that he has been recommending bitcoin since its value was $3—claims on his Twitter profile that his price target is $100,000.
The value of cryptos keep increasing with the rise of the leading crypto bitcoin. I dont very much care too much about bitcoin but i would love to see my steem at 10$. It will be remarkable and there will be an inflush of new users thereby pushing it more higher leading to a positive feedback system
Yeah True
I agree
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.cryptocoinsnews.com/max-keiser-5000-bitcoin-price-in-sight/
sure
this will be great news :)
Yeah !
Who want bitcoin price $5000 this year? <3
Everyone who has the one. :p
There is chances of BIT Coin to raise many more not only $ 5,000 USD. By 2020 the expectation is much big. But if you take Steem sure it will grow day by day since its has strong valuations. The more new members are joined to Steemit the more valuation will be increase. I believe we can see STEEM at @ 10 $ very soon
Hope so..!!