Trace Mayer
Trace has formal education in Accounting and Law and he studied Austrian economics, he also was a blogger back when Bitcoin was in its infancy and began recommending his audience to invest when it was at $0.25.
I wanted to begin today’s video with Trace’s thoughts as an example of what a long time Bitcoin believer sees as a realistic valuation for this year and the years to come.
His thoughts on the price of Bitcoin for this year are pretty conservative compared to the others I’ve covered so far.
Back in October 2017, about 2 months before the dramatic run up to it’s new all time highs in mid-December, Trace was predicting Bitcoin’s price to hit $27,000 in February 2018. Citing its 200 day moving average as the reason for this price to be a reasonable valuation.
He gave another prediction in January, 3 months later after seeing the price movements in December and the recoil in January. This time he mentioned that if Wall Street investors wanted to get into Bitcoin, that Mountain of money could catapult Bitcoin’s price to $115,000 this year, which would be quite over valued. Until this happens Trace sees Bitcoin hovering in the $9,000-$14,000 range for the remainder of this year.
View Video Here^^^^^
Max Keiser
Max is a financial analyst and has a show on RT called the Keiser Report with his lovely cohost Stacey Herbert.
Frankly I don’t care if this comes off as biased, but I’m a huge fan of their show. It’s either the great banter between the two hosts or the plethora of information they cover in the short amount of time or just the sheer enthusiasm and passion that pretty much oozes out of Max, but I’m a fan and I’m going to recommend that you check it out if you haven’t already.
Max isn’t usually one to dole out price predictions and I can respect that, but instead of price predictions he’s got some interesting concepts about how game theory has scaled with the growth of Bitcoin and cryptocurrencies. First with the miners staking their claims with this new tech, and now it’s moving onto the sovereign level where different countries are trying to figure out how to best approach these new concepts of blockchain technology and borderless, digital currencies. He does say that he sees the future of Bitcoin hitting the $100,000 mark but doesn’t provide a timeline.
His other predictions for cryptocurrencies in 2018 include:
- Influx of institutional investors- 2017 brought us BTC futures thanks to the CME and CBOE, this could set the stage for ETFs in 2018. Which would lead more institutional investors into Bitcoin and cryptocurrencies in general.
- Increased pressure to tax cryptocurrency gains- the court case between Coinbase and the IRS was a hint that they are interested in knowing who’s invested in what and they type of gains they’ve made that they haven’t been reporting. If you’ve at all made it public that you’re making trades with cryptos, be prepared to pay taxes on your gains or else risk being audited.
- Increased Regulations - Which could lead to big price swings like we saw with every announcement out of China in 2017.
As it turns out, my time spent organizing this series has sent me down one of those rabbit holes so I’m going to end with the Max Keiser today. Although this one might be leaving something to be desired, I’ll be back tomorrow with more insights and some thought provoking dialogue for you all as we explore how Cliff High and his Web Bot makes predictions and also, the infamous bet that John McAfee waged that could end up seeing him turn into a self-inflicting cannibal of sorts.
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Next bull market will be epic
It will probably go up.
Probably, the trick is... when. But if you're a hodler it really doesn't matter ;)
It makes no difference to me,ill sell some at next all time high. :)
Hi heditravels,
I have been following you since I joined Steemit. Another interesting post with these pro investors who know crypto space very well.
I am hoping they are all projecting that the BTC price will go up sooner than later.
Thanks for sharing @heiditravels
Wow, this post contains some really positive vibes words, like if wall street investors invest in Bitcoin then price of Bitcoin can reach to the $115,000, and in my opinion if one day it's happened then the whole market can dance on the greenest uptrend and in my opinion everyone can enjoy the profits but let not so over enthusiastic and in my opinion now once again Bitcoin is reflecting on somewhat balanced state. Thanks for sharing and wishing you an great day. Stay blessed. 🙂
Since I joined steem world two months ago, my insight has not developed much, it can be said is still quite unstable.
But I am very happy and very grateful little by little to know and read other steemit user blogs.
amazed and motivated to get to know you all, I will always participate.
thanks for the review and explanation @heiditravels
I see your post very useful to always follow.
Cliff High is an interesting character to say the least. Looking forward to the forthcoming post.
Keep an eye on Wall Street and their moves towards bitcoin or any other crypto. Fortunately, the blockchain is made on that way that cannot be controlled easily for now, but when it comes down to bitcoin rise, it depends on them for sure.
Hi Heidi !
I think price predictions without any date are much more useful because in my opinion nobody knows how crypto prices will develop in the short term and most of predictions with dates will be wrong or just luckily right not because the guy is a genius.
Hi wow thanks a lot for your upvotes. I really appreciate that. Thanks.
Not sure about bitcoin price prediction. many altcoin seems to provide a genuine solution to a real problem (Ether for example). Other the first Crypto, what is the "real use" of bitcoin. May be its digital gold, dont know.I think the current economic model for crypto is not a workable solution in the long term. Block chain will be very useful and will see massive adoption but I am sure "crypto pricing " in its current form will go away
I hope your forecast becomes a fact
Very positive thoughts, thanks @heiditravels
As of yet, I don't know of any platform that truly allows institutional investors access bitcoin. (in the hedge fund sense) I'm hoping someone is working on a platform that will allow this.
A true entrepreneur take risks. :)