It is a known fact with the previous and current status-quo in cryptocurrency that bitcoin Price prediction for this year may take a hit as experts scrap them down. Is BTC even going to hit $10,000 by this year-end and what about this month end?
With a number of giants from Wall Street have jumped into the crypto market, a lot of positive news and developments are also surrounding the market right now. However, looks like this year just might not see the leading cryptocurrency skyrocketing to new highs according to experts.
According to the latest report by Finder, the
highest value for Bitcoin has been predicted by Cofounder at Satoshi School Ioerg Molt at $9,000 for 1 November 2018 and $20,000 for 31, December 2018. He states,
I think BTC could potentially hit bigger figures by the year 2020. But for the next year or two, it’ll still be hovering just under the $10K mark. But then again, the end of 2019 is essentially millennia awayI presume Mr @tradewonk @meno @kenny-crane and @nextgen622 do not agree less with this...
Meanwhile, Mike Novogratz of Galaxy Digitals has traced back on his $10k prediction from a few days back. As reported by CNBC, $9,000 is the number for Bitcoin this year and to reach $10k BTC needs about 6 more months.
Apparently, startups are required to sell their holdings in order to fund the industry’s burn rate as bear market has dried up the revenue that is putting the price pressure.