Now the three major Bitcoin exchange exchanges in China are still closing the fund withdrawal service on their platform, macroeconomic research company strategist Lamoureux & Co believes that Bitcoin will reach its target price of up to $ 25,000 or more. Although news of stock exchange action in China has caused the price of Bitcoin to decline by 10 percent, but Bitcoin gradually gained its strength again.
Netcoins CEO Michael Vogel said that there are already predictions about Bitcoin which will become the world's reserve currency back in 2020. If that happens, it is expected that Bitcoin prices will soar, although it is unclear how high the bitcoin price will rise.
Similarly, multi-billion dollar investors Tim Draper believes that many investors now prefer to fund Bitcoin startup as a safer, longer-term option, believing that new beginners will increase the value associated with digital currency. Draper also made predictions about three years ago about the Bitcoin price increase so that Bitcoin's price would reach $ 10,000.
Lamoureux mentions in an earlier article that central bank hyperinflation sets out to enter the crypto space in the next few years as one of the newest investors of the wave of hyperinflation.
This is also the same as the projected Bitcoin price increase with the gold price pattern following when bitcoin is trading at $ 300 and Bitcoin is used specifically to avoid the dilution of fiat currencies that keep investors worried in retaining their purchasing power.
$ 25,000, Bitcoin Target Next Price
