Bitcoin Predicted to Hit the $30,000 Mark Sooner Than You Think!
David Drake has sparked a ray of hope in the eyes of bitcoin investors by making a bold prediction. The Chairman of the investment firm, LDJ Capital, says bitcoin could be set for a dramatic rise in value by the end of 2018 – precisely $30,000.
After the first G20 Meeting of Finance Ministers and Central Bank Governors of 2018, he termed the future of cryptocurrency in one line, “a cold winter.” However, he believed the price of the digital currency could reach $30,000.
The digital currency was on the priority list of the G20 agenda, but ministers did not agree on what Bloomberg called “a uniform clampdown on the currency.”
“I’d say this year is a cryptocurrency Wall Street time and like Dorsey said, and we have said that before as well, we think cryptocurrency on the bitcoin will be worth $30,000 at the year end – it is limited,” Drake said.
As of March 26, bitcoin’s was estimated price was around $8,400.
bitcoin has had a somewhat tumultuous year. Its value shot up from some $950 in March 2017 to record highs of nearly $20,000 in the final month of 2017.
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