At first Bitcoin got the place in the virtual world due to the Global FInancial crisis in 2008 in order to make a safe transaction system for the global people without any interference of Government and financial institution, It’s called the digital cash not controlled by any single person or organisation, that’s why it’s decentralized currency.
Now a day, Bitcoin is compared with gold and people says that is digital gold. Because of the vast demand and popularity, Bitcoin has gained a massive worth, Day by day It’s gaining it’s ground around the world. It’s true that a couple of months ago, The price of Bitcoin faced a price crisis but it’s regaining its value again.
Today we are going to focus on some expert’s prediction regarding the price of Bitcoin in the Future and hopefully it will help making a good investment policy for you.
At first we see that The head of operations at OKEx cryptocurrency exchange (Andy Cheung) recently said that Bitcoin rising to $20,000 is simply a conservative prediction.
He said that “$20,000 is a conservative prediction for Bitcoin price in 2019, as I said last year,” he added “The rally won’t stop here, because more institutional investors are coming into the market and the 2020 halving effect starts to take place. We are thrilled to witness such bullish trend and I look forward to a new high the Bitcoin deserves. Bitcoin is not just a coin, but a spirit that hinders the crypto-industry.”
Another Cryptocurrency Legend (Arthur Hayes) he is The co-founder and the CEO of BitMex, a Bitcoin trading cryptocurrency exchange predicted in March that Bitcoin will touch $20,000 before the end of 2019. However, to him the bull rally was to commence in the fourth quarter of the year:
“The 2019 chop will be intense, but the markets will claw back to $20,000. That is a very significant psychological barrier. […] $20,000 is the ultimate recovery. However, it took 11 months from $1,000 to $10,000, but less than one month from $10,000 to $20,000 back to $10,000.”
So the above discussion about the Bitcoin’s price prediction, how’s getting your future investment policy?