Bitcoin Community has experienced one of the greatest crash to bitcoin price at the start of this year as it is a custom for bitcoin price to hit the floor at the start of each year. In these situations some experts are still giving optimistic prediction about the price of bitcoin. Gatcoin's Thomas Gluckmanns had previously said in November that bitcoin is undervalued and now he thinks that price of bitcoin will rebound from $7000 to $50000.
In his interview to CNBC he gave three logical reasons for rebound first off all regulations which are although responsible for crash will also help to nullify the bad image of bitcoin exchanges. Secondly The major institutes will be able to invest after understanding the regulations on exchanges. The last and the more solid reason that he gave is the major technology developments that will attract more and more investors towards bitcoin. Jamie Broke the CEO of Outlier ventures also believes that market capital will hit trillion dollar mark at the end of this year and the bull run will start after the end of February.
Hello @ali-saeed, nice post about predictions of bitcoin uploading. I also believe that many Cryptomonedas will have a higher elevation than Bitcoin for this year. Greetings.
That would be quite fun watching it climb to those heights. UP-UP-UP
Optimistic outlook but certainly not impossible
Bitcoin will go even higher than that end of this year
Think this might be too optimistic. I agree that certain coins will go to the Mars in 2018 like Stellar, IOTA. But Bitcoin is is facing too many scalability issues and expect that it will drop hard and will be replaced by 2nd generation coins
Steem to the moon and mars!
I can definitely see Bitcoin at 50.000$ by the end of 2018.