Tom Li has corrected the forecast for future price of bitcoin

The head of research in Fundstrat Global Advisors Thomas Li claiming earlier that the bitcoin will reach the level of $25 000 by the end of this year the other day has corrected the forecast. In particular, he has lowered estimated cost for 3 thousand dollars.

In an interview to CNBC TV channel the famous analyst has noted that the price of the main cryptocurrency has to be 2,5 times higher than the cost of costs of a mining. And at the moment this indicator is in the region of $7 000. However already by the end of this year, according to Tom Li, costs of production of bitcoin will make about $9 000.

As a result of simple calculations it is possible to calculate that the predicted bitcoin price by the end of 2018, according to the analyst, will be about $22 000. Though not so long ago Tom Li gave indisputable arguments of rise of the main cryptocurrency to $25 000. In May of this year he called 3 main reasons of growth of bitcoin.

Also in an interview Tom Li places emphasis on youth of cryptocurrency and its early stage of development. He says that it is one of the main problems of bitcoin on an equal basis with volatility, at the same time adding that for purchase of "digital gold" there was always suitable time.