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Tom Lee, ex-Chief Equity Strategist JP Morgan, and Co-founder and head of research Fundstrat, considers that the break-even price of mining 1 BTC directly correlates with the price of the cryptocurrency. He believes BTC would grow as he is counting on more institutional investors taking on Bitcoin and also a steady increase in Bitcoin consumer base.Mr.

He's optimistic that increased institutional fortunes would help turn BTC's future around quite soon. Sam Doctor, an analyst from Fundsrat along with Lee predicted that by 2019, BTC might reach nothing less than $36,000, together with the likelihood of $64,000 in the maximum and $20,000 at its lowest. A few days back, Tom Lee stated the BTC fair value is a lot greater than the current cost.

Ronnie Moas, a cryptocurrency analyst predicted that BTC might hit $28,000 from 2019. He believes the demand for BTC would increase with its decreasing distribution. He made it somewhat obvious that by 2019, the adoption rate would increase and hence people would demand more of it. We must remember that BTC is not unlimited in supply. .

 

 

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At the Finance Disrupted event organized by The Economist in Manhattan Mike Novogratz, former hedge fund leader and founder of Galaxy Digital stated that he considers that BTC wont hit $9K annually, and its likely to split beyond $10,000 in the around the first quarter of 2019. This might take BTC to sky-reaching heights as it may soar way before the all-time-high $20K mark. .

 

 

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Fran Strajnar comes up with a very optimistic prediction at which he believes that BTC might reach $200,000 from January 2020. He thinks that the speed of adoption is directly proportional to the cost increase. The greater the adoption rate, the more the increase in worth.

Bobby Lee, CEO of Chinas first exchange- BTCC said before that it would require 20b years for BTC to achieve $1 million. Now his prediction completely changed.  Bobby Lee, the co-founder of BTCC(Hong Kong-based Bitcoin exchange) and also the brother of Charlie Lee, Litecoin creator gave an extremely bullish prediction but began with bearish though.

He iterated the market capital might reach $7 trillion, which may surpass the market cap of gold. .

Zhao Dong, one of the largest Bitcoin OTC dealers in China and an influencer recently forecast that Bitcoin could reach $50,000 by 2021. He cautioned that now is the best time to invest in BTC and said that you could find a return of 100 to 200% over 3 years if you invest now. .

 

 

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In a recent tweet, Anthony Pompliano, founder of Morgan Creek said that Bitcoin isn't going anywhere. He stated that BTC could go as low as $3000, and it will continue being bullish starting from 2019. He enunciated there is no reason to freak out on the declining cost as Bitcoin's fundamentals are becoming stronger. .

Arthur Hayes, the CEO of all crypto derivatives exchange BitMex, on the other hand, have come with a very pessimistic bearish prediction. He changed his earlier prediction statement based on the sudden change in the market. Formerly he had said that BTC has the prospect of reaching $50K by the end of this year, but now he states that BTC will reach as low as $3K and will continue being bearish to the entire 2019. .

Even though Bitcoin has been experiencing frequent fluctuations, we think that Bitcoin will soar upward click reference as per the predictions stated above. There are several reasons which resulted in Bitcoins price fall like Bitcoins being used for illegal purposes and so many past accidents like hacking and thefts. Pros outperformed the cons, hence Bitcoin is still the market leader, bagging the number one position and maintaining its position.

 

 

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2019 will be bullish for Bitcoin, as by then the adaptability will be higher as more people will start believing in the technology behind Bitcoin. Bitcoin will reach up to $20,000 by the mid of 2019. The more the trading, the more the price. Additionally, as we know, Bitcoins are rare in circulation, i.e.

Additionally, several countries like the U.S., Japan, anonymous and South Korea have shown intense willingness to integrate Bitcoin and other cryptocurrencies into their financial systems by setting up controlled markets which could function freely and safely. .

 

 

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By the end of the year 2019, the Bitcoin price will hit $23,499, which means that the 2018 bearish trend ends and changes to the bullish trend.

 

 

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The cryptocurrency market will experience a market optimism in 2020, as not only Bitcoin, but all the major cryptocurrencies will also experience an upward shift. The governments and the central banks will embrace the digital currencies, hence the demand should be more.

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