Worst Bitcoin Price Prediction of 2019
Cointelegraph By Sritanshu Sinha's original article for cointelegraph.com reduced by 79%
As 2019 comes to its end, the price of Bitcoin is hovering around $7,300 mark. Watching the institutional interest in crypto, Novogratz assumed that the price of Bitcoin would climb to its all-time highs of $20,000 before the end of 2019.He drew parallels from the movement of Bitcoin's price from $4,000 to almost $13,500 and saw that once institutions show increased interest again, Bitcoin prices would rise to $20,000. In a report published on Oct.
1, the German bank suggested that the effects of Bitcoin halving have yet to be factored into its current price considerations. "If the May 2020 stock-to-flow ratio for Bitcoin is factored into the model, a vertiginous price of around USD 90,000 emerges. This would imply that the forthcoming halving effect has hardly been priced into the current Bitcoin price of approximately USD 8,000.".
Anthony Pompliano: $100KTo give Anthony Pompliano, the founder of Morgan Creek, the benefit of doubt, his prediction for $100,000 came in 2017, before Bitcoin's price fell from its all-time high. Draper once said that his price prediction of $250,000 per Bitcoin was "Conservative." His earlier price prediction was based on factors like global mass adoption he added that the likes of the Bitcoin Lightning Network, designed to make smaller Bitcoin transactions quicker and cheaper, would be the catalyst for the next BTC bull run. To most casual users, this argument doesn't hold ground, considering only 800,000 Bitcoin wallets hold more than 1 BTC.
The vast majority of the Bitcoin holders have a fraction of a Bitcoin.
Donate Bitcoin to this address
Scan the QR code or copy the address below into your wallet to send Bitcoin
Donate Ethereum to this address
Scan the QR code or copy the address below into your wallet to send Ethereum
Donate With MetaMask
Donate ETH With MetaMask
Alternatively, support us by using the following referral links:
CN [too long; didn’t read]
Summarised crypto news.