Kay Van-Petersen predicted that in 2017 bitcoin would reach $2000. As of right now Kay says that it could reach upwards of $100,000 by the end of the year. Now that more and more people are getting into cryptocurrency, bitcoin will be on the rise. In relation to Gold, bitcoin should be sitting at $350,000 per coin once it is at its 21,000,000 coin cap.
At the current rate bitcoin will be going down in price, I would guess around $9000-$9500 a coin but mid-April then start on the rise from there. Personally I dont see it going up to $100,000, but I do see it going up to $35,000-$45,000. It is starting to be used between companies buying and trading, as well as countries.
There are a lot of analysts that say that we need to wait a little bit on jumping right into investing because it will crash and then skyrocket up to about $60,000 by the end of the year. The legendary investor Warren Buffett told CNBC that cryptocurrencies are going to come to a bad ending. Normally I would follow what he says but as of right now things are looking VERY promising.
The main thing to keep an eye on right now is how the future of bitcoin is going to go. If the coin goes under $10,000 there will be a huge turning point for everyone. The 2 main things that you will have to decide on is if it will be a good option to buy or if it will fold. More of the large investors in wall-street are saying that once it takes that plunge under that $10k mark that there is going to be a return from it.
If you are into stocks as well as cryptos then I would look into investing in IT companies. A big thing right now is mining coins. This means that people will need to buy software and hardware in order to get this done. I am sure that there will be a rise in companies that produce RAMs and hard-drives. IT companies are going to be going on a rise.
Source cnbc.com (different crypto news)
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BITCOIN 13AzVApADsW1XStDPfak2fy1NApjovWYmi
LITECOIN LT1RzP6PNNG86Q1qgMkaW22Nc5kLAQSuWq
EOS 0x968a60613Cbf6fB727DD3ac52F91a42aE856C6bf
SALT 0x968a60613Cbf6fB727DD3ac52F91a42aE856C6bf
