According to experts surveyed by Finder.com, the price of Bitcoin could go up to 84% by the end of this year. These crypto experts think that the biggest cryptocurrency like bitcoin and still standing in the 1st place is very easy to grow suddenly.
Towards the end of 2017, Bitcoin has been traded at $ 20,000, it is truly extraordinary isn't it? But unfortunately the price has dropped again so far, and public interest seems to have diminished.
At the time of writing, one Bitcoin is only worth $ 3427, according to data from Santiment., a website that tracks cryptocurrency prices on different exchanges.
Cryptocurrency has suffered from government crackdowns in China, greater regulatory threats, massive selling and problems with algorithms, resulting in massive price fluctuations.
Ben Ritchie, chief operating officer of Digital Capital Management, was among the crypto experts surveyed. He made a convincing prediction about the price of Bitcoin over the next few months.
According to Ritchie, its flagship cryptocurrency will reach $ 9500 by the end of the year. He estimates that volatility will subside this year as institutional investors Bakkt and Fidelity Investments begin to plunge into the crypto market. furthermore he said:
"Two things to look out for in 2019 are whether we will see decoupling from cryptocurrency, to date they tend to be relatively similar.
The second is the impact of traditional markets on cryptocurrency. Will bitcoin increase if S&P goes down? On-ramp and off-ramps to buy cryptocurrency will increase in 2019 with Bakkt and Fidelity Group entering the market. However, I do not believe we will see many institutional investors enter quickly. "
But not everyone is enthusiastic about the future of bitcoin because analysts at JP Morgan warned last month that the price of Bitcoin could drop to as low as $ 1,260.
Many predictions have been made since the beginning of 2018 about the price of BTC. However, most of these predictions fail to come true. What do you think about the prediction of bitcoin at the end of 2019? Please provide your comments below.
