7 Bitcoin predictions for a longer term: Many of the institutional investors these days are also analyzing Bitcoin as well as monitoring the price movements of Bitcoin. That is why there are quite a few Bitcoin predictions which are doing the rounds. We will today highlight some of these Bitcoin predictions.
According to Pantera capital, Bitcoin will reach around $20,000 by the end of this year.
Fundstrat Global Advisors:
According to this research group, Bitcoin will be trading around $ 25,000 by the end of this year. They also see Bitcoin heading towards $1,25,000 by the end of 2022.
Anthony Pompliano believes that Bitcoin will be trading around $ 50,000 by the end of this year.
John Pfeffer is of the opinion that Bitcoin will be trading around $ 75,000 by the end of this year. This is an appreciation of almost 9 times in the next 6 months.
Kay Van-Petersen believes that Bitcoin can reach $100000 by the end of this year.
Brian Kelly is another Bitcoin expert. He is of the opinion that Bitcoin will trade in $ 250,000 by the end of 2022. This is a significant appreciation from the current levels as well. That is why it seems like he is extremely bullish on Bitcoin.
John McAfee thinks that by the year 2020, Bitcoin will be trading around $1 million.
Currently, the Bitcoin market is very volatile. As a result, many of the investors are not having the same conviction as some of these experts. That is why they are keeping away from Bitcoin. Bitcoin as of today is trading around $ 8200. That is why the appreciation from the current levels which are according to these experts is pretty significant. If you’re thinking of investing in Bitcoin, it might be a good idea to wait it out and thereafter only think about investing in Bitcoin. If you’re able to follow the trend and then invest in Bitcoin, it will become easier for you to reap good returns as well. At the same point in time, it is important to look at the technical factors as well. In many of the cases, there is a technical breakdown in cryptocurrencies. That is why you have to look into all of these factors and thereafter only you have to think about investing in Bitcoin.
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