Fundstrat bullish on Bitcoin: Fundstrat research has released a 2nd bullish report on Bitcoin in just one week. This clearly indicates that the research Organization is extremely bullish on Bitcoin. It might warrant a look as well. According to the research Organization, Bitcoin can trade between $ 20,000-$ 64,000 by the end of 2019. If you look at the current prices of Bitcoin that is around $ 9000, this can be a significant jump in just 18 months. That is why, it is a good idea to look at this report in order to find out whether you would be able to generate good return according to this report are not.
2nd Bullish call in one week:
You need to keep in mind that research organizations as well as fund houses keep on releasing bullish calls on various assets. However, when you look at this particular research Organization, you will realize that it’s extremely bullish on Bitcoin. This is slated from the fact that it has released a 2nd bullish report on Bitcoin in just one week.
The fundamental analysis behind the bullish call is that the mining costs are increasing. For Bitcoin to sustain, it has to keep up with the mining costs as well. Only when there is proper mining, the entire network will be able to sustain itself. This is one of the main reasons why it is necessary to have a realistic price of Bitcoin.
In case, the price of Bitcoin falls, it will not be profitable for the miners. In such a case, the mining will halt. This will result in less supply. When the supply is less, automatically the prices will increase. That is why; market economics will automatically push the price of Bitcoin to higher levels. This will mean that the Bitcoin is able to easily cross the $ 20,000 level which is a high as well.
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Also, according to the research Organization, in this very year as well, Bitcoin will trade about $ 10,000 by a significant amount. In the next 6 months, this forms a reasonable a positive return as well. This is the reason why in this year as well, the fund house is actually positive one Bitcoin. As a result, when you look at the reports which are released by the founders, you will realize that it is extremely positive on Bitcoin.
Moreover, from the start of the year it has fallen by over 55%. As a result, there can be at least some kind of recovery. Owing to this recovery, if you’re investing at the present prices, you can make a decent return as well.
When you look at most of the reports which are being launched in Bitcoin these days, you will realize that most of them point to the fact that Bitcoin has already bottomed out. If indeed, Bitcoin has bottomed out, the recovery will be pretty good. This will ensure that you are able to make a good amount of return if you’re thinking about investing in Bitcoin at the present levels. Also, most of the institutional investors are also positive on Bitcoin at the current levels. This further increases the confidence in Bitcoin.
Thus, if you’re on the fence regarding investing in Bitcoin, it might be a good idea to go through this research report as it claims that Bitcoin can provide you with significant amount of returns in the next 18 months.