Now that the market has calmed down a bit, analysts are rushing in to share their price forecasts. Despite the recent price drop, many prominent analysts give very optimistic crypto forecasts for the year’s end.
June saw a little over $1000 swiped from bitcoin’s value. This is completely natural when we take into consideration that bitcoin’s price, has countless drivers behind it. Recently, the price was impacted positively by the trade wars between China and the United States.
Currently, the price hasn’t reached even 50% of the all-time height from 2017. The optimistic crypto forecasts however, overwhelmingly state that there are no worries for a market turnaround.
Plenty of optimistic crypto forecasts to go around
Oliver Isaacs, a very prominent bitcoin analyst shared his thoughts on the near-future of bitcoin:
“There is no doubt in my mind that bitcoin has the potential to reach $25K by the end of year. The trade wars between China and the United States, are definitely not the only reason bitcoin interest is rising.”
The countless optimistic forecasts could also be due to the fact that bitcoin is now viewed as a safe haven. Isaacs stated:
“Investors trust bitcoin. The market is finally being protected by regulatory oversight and many investors are beginning to understand how valuable bitcoin truly is. Just look at how many companies are beginning to adopt cryptocurrencies: Microsoft, Amazon, Starbucks and countless others, and this is only the beginning.”
One of the most optimistic forecasts, belongs to Tim Draper. He became known for saying that Bitcoin would hit $250K by 2023. Earlier this year, he doubled down on the statement and told Fox Business:
“I believe that in 4 to 5 years, bitcoin will have a 5% market share of the global market.”
Can Facebook’s Libra Influence the Bitcoin Price?
Thursday June 20, 2019
Coinspeaker Can Facebook’s Libra Influence the Bitcoin Price?Since Facebook released its Project Libra white-paper, people familiar with the matter are speculating on whether this can affect the price of Bitcoin and cryptocurrencies in general. While many crypto experts say that Facebook’s Libra isn’t even a cryptocurrency because of the trust issues Facebook is familiar with, […]
Many people would say that Draper’s optimistic crypto forecasts are taking things a step too far. Draper’s crypto adoption hopes are definitely rushed. He once said:
“When you go to Starbucks to buy coffee and you try to pay with USD, people would laugh at you. Think of an old lady trying to pay with pennies.”
The bitcoin whales out there, would be very pleased if Draper’s predictions turn out to be true in the time window he gives. If not, hodling seems to be the name of the game.
USGA’s GPS Service Helped Reduce Golf Course Water Costs by 30 Percent
Tuesday April 23, 2019
The United States Golf Association created a GPS service in the summer of 2014 to help courses track golfer movements in order to improve pace of play. Knowing how long rounds actually took and what holes were bottlenecks helped inform a better assignment of tee times. At the 2018 PGA Merchandise Show, golf course architect
The post USGA’s GPS Service Helped Reduce Golf Course Water Costs by 30 Percent appeared first on W88.
Major Crypto Project Developed by 14 of the Biggest Banks
Crypto Mixers Quickly Popped up on the Authorities’ Radar
Twitter Privacy Levels Continue to Shock as New Bug Takes Over
It’s Been More Than 30 Years Since The House Reversed An Election Outcome
Friday December 14, 2018
What’s going to happen in North Carolina’s 9th Congressional District? That’s a question currently without an answer. Republican Mark Harris was initially declared the winner, but after allegations of election fraud cast doubt on the integrity of the vote, the next steps remain uncertain. With The Washington Post now reporting that Harris personally directed the […]
The post It’s Been More Than 30 Years Since The House Reversed An Election Outcome appeared first on 12bet - Bet365.
The post Optimistic Crypto Forecasts: The Next Few Years Could be Wild appeared first on CoinStaker | Bitcoin News.