Nicholas Merten has a wide range of influence somewhere between John McAfee and Tom Lee in the crypt money industry. Nicholas Merten is the founder, entrepreneur and investor of the YouTube channel, Data Dash, which has about 300,000 subscribers. Nicholas Merten has a new estimate related to the price of Bitcoin . When Nicholas Merten tweets his views and forecasts to more than 34,000 followers, it can cause a change in trends. Nicholas Merten: “Bitcoin can see 50,000 dollars with these four factors.”
Nicholas Merten: “Bitcoin can see 50,000 dollars with these four factors.”
Nicholas Merten’s estimate of 2018, which is more than twice the peak price of $ 20,000 in 2017, is based on significant failures in the money market. Nicholas Merten thinks Bitcoin will reach $ 50,000 level by the end of 2018 due to four factors:
Interest rates will continue to increase
Deustsche Bank will attract bankruptcy in 2018
Stocks and housing prices will take a big blow
With trillions of dollars to go out, the SEC will become a Bitcoin ETF (stock exchange fund)
Analysts continue to make bullion estimates for Bitcoin
Nicholas Merten is a known crypto money investor. But even a few of his followers question the justification of his views on the tweet. Sammy Tommy, a follower of Nicholas Merten, stated that it is not possible for a bank to go bankrupt until the end of the year, despite the fact that interest rates are not correlated with crypto-currency prices and Deutsche Bank is restructured.
In the past week, although Bitcoin has fallen below $ 8,000, Tom Lee has renewed his year-end estimate of $ 25,000. It also suggests that corporate money will flow into the market. John Mcafee believes Bitcoin will see $ 15,000 by June. Spencer Bogart from Blockchain Capital is among the analysts who predicted that Bitcoin would make $ 50,000 in 2018.
