Could Bitcoin hit $50,000 in 2018?

in bitcoin •  7 years ago  (edited)

How high could bitcoin get in 2018? Some experts are claiming $50,000 or a 5X increase from today’s price of about $10,000. My predictions below

Circulating Supply of Steem as of 2-23-2018 — 250,007,326 STEEM — Top 100 market cap at about $435,249,123

For Bitcoin to get to $50,000 per coin other coin would also have to increase, like ETH at $2,500 and Steem at $15. A better case for bitcoin will have to be made as a store of value, and more Wallstreet investors will be required. Maybe an EFT Exchange traded fund that focuses on crypto currency would need to be posted on the New York Stock Exchange.

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Oh man, I would love so much to see Steem at $15 haha.

I can't imagine it right now but, then again, who would have bet Bitcoin would reach 19K on 2017? I was certainly surprised by that. Also, we'll have to see what dollar inflation behaves like in 2018, a lot depends on that and how long the Stock Market can remain on the green without crushing precipitously. regards

purchasing-power-of-the-us-dollar-1913-to-2013_517962b78ea3c_w1500.jpg
Inflation at work!

It will be interesting to see if the dollar falls in value and crypto currency’s increase in value! That may have some old-school investors looking for assets that don’t depreciate overtime because of inflation.

I'm for steem going to $50,000.

A “Flipping” in crypto currency is when another coin has a higher market cap than Bitcoin.