After a period of lack of market demand, analysts expect Bitcoin's explosive growth, with the most optimistic claim that the maximum values reached in 2017 will be exceeded.
The main reason for the positive evolution is the growth in market demand, which peaked in March 2017. Last year Bitcoin cost 1000 US dollars and by the end of the year it increased 20 times, and if the history repeats, it is very likely that he will see a similar evolution.
Another important factor is the emergence of such major players as George Soros, Mike Novograts and the Rockefeller investment fund. Analysts confirm that other institutional investors follow their example, which fuel the rise in Bitcoin's price. Since last year these investors were not on the market, it would not be surprising that their influence would have a significant impact.
Rodrigo Marquez, CEO of the Atlas Quantum investment platform, said:
"I'm not surprised that the cost of bitcoin exceeded 9,000 dollars this week. The rumors about the explosion of prices are fueled by a growing number of institutional investors participating in the crypto-currency market. "
There is also a problem of legitimacy - although the idea of rules does not seem positive, in fact it motivates investors, as it provides them with long-term protection.
Marquez said:
"If investors' concerns about the regulation of crypto markets are mitigated by government intervention, market demand will grow. It is clear that clear rules (but not very restrictive) only legitimize the field. "
In fact, the director of the International Monetary Fund, Christine Lagarde, is the one who claims that "bitcoin and its main technology of blockages will be transformed, as people save and invest".
Looking at things from a psychological point of view, the fact that bitkoyn exceeded 9,000 dollars will help the market momentum to exceed the threshold of 10,000 dollars, since this is an important psychological threshold. Once this level is reached, the chances of growth will only grow.
The consultant of the blockbuster and crypto Oliver Isaacs confirms this prediction:
"Bitcoin is on the way to $ 10,000, and volumes, market demand and existing financial paradigms justify this development."
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