Bitcoin Price Could Reach $10,000 In Few Months, With Fund Managers Bullish Sentiment
Bitcoin Price Could Reach $10,000 In Few Months, With Fund Managers Bullish Sentiment
In 2017, Bitcoin has bounced back from several severe setbacks, so many users believe that there is still a lot of gas left in the tank for the pioneer cryptocurrency.
Fresh from attending both Consensus and the Token Summit in New York and hearing from those who have had conversations with fund managers, Timothy Suggs of Expanse is positive that another cryptocurrency market surge is set to happen in the coming months.
Since April, we have seen a movement towards this stage, with the most recent run being longer and steeper than any run before it. In this case, if Bitcoin continues to quickly recover and resume a fast growth, we would see it around $10,000 within a year. Otherwise, if it goes back to a slower growth more consistent with the past two years`, it would “only” become around $3,000 within a year. In the long term, if the scaling issue gets solved, we may see it well above $10,000 sooner or later in any case.
That would be amazing but I don't know about a few months but who knows with scaling issues handled things can explode
well Bitcoin is now officially recognized as a means of payment in Japan, which increases demand and with more countries including Australia to follow, whereas Russia and India are aiming to start regulating Bitcoin.
very true
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