In a report by Fundstrat by Thomas Lee, it was recently articulated that Bitcoin will be reaching the levels of $ 36,000 by the end of 2019. This marks a significant improvement from the current levels. Currently, it is trading around $ 8600. Therefore, the appreciation will be pretty huge.
Bitcoin to reach levels of $36,000 according to Fundstrat
Moreover, if Bitcoin increases by such a significant amount, the other cryptocurrencies will also follow suit. As a result, it will be easy to get good returns in the cryptocurrency space.
According to the report, by end of 2019, it will be trading around $ 36,000 on the lower side. The reason for this is the mining cost. As the mining cost increases, the cost of Bitcoin will also increase. As a result, it will be trading at a higher value. In case, it continues to trade at lower wages, many of the people will not go ahead with Bitcoin mining. In such a case, automatically the supply will reduce. When the supply reduces, automatically the price will increase. That is why the report it is clearly articulated that Bitcoin is more likely to trade around $ 36,000.
Bitcoin Price Today
Please enter CoinGecko Free Api Key to get this plugin works.Also, it is taken into account that the price to mine is at breakeven cost. When you take that into account, you will realize that it is been trading at the level of 1.8. Currently, however, it is trading on the lower end. That is why in the future it has significant room for appreciation. This factor is taken by the research report into account in order to arrive at the levels.
Moreover, on the upper side, it can trade at around $ 64,000 according to the report. On the lower side, it can trade around $ 20,000. As a result, the value of Bitcoin will be much higher than the current one in the future. This will mean that it will provide a good amount of return to the investors who are investing in Bitcoin currently. Currently, however, it is trading around $ 8600. As a result, the amount of return which will be provided will be on the higher side. This will ensure that people are able to at least double their money in the next 18 months. By any standards, doubling of the money in the next 18 months can be counted as a good return. Thus, if you’re looking to invest in Bitcoin, do keep these few factors in mind and thereafter, it will become easier for you to understand how to get good returns by investing in Bitcoin.
