Five forecasts on bitcoin from international experts

in news •  8 years ago 

A bubble or a promising asset that can rise in price to $ 50 thousand. FO collected major forecasts on bitcoin, made by international experts.

  1. Despite the growing voices of those who believe that the bubble in bitcoin will soon burst, the head of the technical analysis department at Goldman Sachs, Sheba Jafari, does not share this idea. She does not exclude that in the near future this crypto currency can reach almost $ 4 thousand. Recall now bitcoin costs a little less than $ 2570.

And, as the journalist Zerohedge notes, while Jafari's forecasts come true. Three weeks ago, she warned that bitcoin approached the highs above $ 3,000 and did not rule out. After that, bitcoin and ether (Euthereum), indeed, updated the highs and collapsed. Now it does not exclude the next major breakthrough bitcoin to $ 3915. True, the basic forecast of experts of the investment bank sounds more modest: "Bitcoin may for a while continue to move in the outset. However, we do not expect a drawdown below $ 1857. Our goal is at least $ 3212. "

  1. A similar forecast was announced almost a month ago by the head of the hedge fund Global Investment Fund Advisors Bitcoin Daniel Masters in an interview with CNBC. He said that waiting for bitcoin in 8-14 months at $ 4 thousand. However, in the short term, it did not exclude a rebound to $ 1100.

  2. Last week, the former head of the hedge fund, Fortress Investment Group LLC, Michael Novograts, said that he had reduced his positions in the crypto currency, that is, in bitcoin and air.

"Put some money into bitcoin ... Come back to them in a few years, and it will cost a lot more," said Novogradets in 2013.

According to him, Euthereum, most likely, reached its annual maximum, and the crypto-currencies were probably the biggest bubble in his life. Nevertheless, his view on crypto-currencies in the long term remains positive. As Novogradets told Bloomberg, five years later, the capitalization of the crypto currency could grow to $ 5 trillion if the industry can get out of the shadows. For this reason, he still holds 10% of his fortune in the crypto currency.

  1. Known analyst and founder of the firm Standpoint Research Ronnie Moas recently gave a far more radical long-term forecast for the growth rate of bitcoin. He is waiting for this crypto currency at around $ 25,000-50000, the portal Cryptoсoinsnews reported. "There are only 21,000,000 bitcoins in circulation, and the world will fight for this 21 million, as confidence in currency and other investments is falling," the expert said.

  2. The billionaire investor Mark Kuban considers bitcoin a bubble: "I think this is a bubble, but I do not know how strong and at what point it (bitcoin) will be adjusted. When everyone boasts, how easily they make $ = a bubble. "

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the market cap of bitcoin would grow up to 800bn if one coin will cost 50k. Can you imagine that any time soon ?

According to the analytical forecast for 2017-2018, the rate will most likely reach the level of 5,000 dollars

"Experts" is a funny term when it comes to price predictions.... either way.... because so many coins can mimick the functionality of bit-coin... i think there is a free-market cieling to bitcoin... if its price gets too high... people will flee to cheaper alternatives

Long term i feel bit-coin value is cap'd