Monday, May 14, 2018

Bitcoin Price Prediction 2018: What Experts Are Saying?

Yes, we’re all holding our breath.

Whether you’re planning to invest in Bitcoin or already have, the (crazy) price fluctuation of this cryptocurrency is no less than a nightmare. At least to the day traders and those who don’t know the basic rule of this game—‘HOLD/HODL’!

While mid-December of the past year Bitcoin touched its All-Time High (ATH) – going over $19,000 – it is now seeing a dramatic fall.

In short, it’s the bumpy start of 2018 for all of us.

Sceptics are already back to their favorite question – “Is Bitcoin Crashing”? (NO, it isn’t!)

bitcoin-price-prediction-2018, bitcoin-forecast-2018
Bitcoin Price Prediction 2018
It all makes you wonder…

What will be the value of Bitcoin this year? Will the price rise? Dip? Stay the same? What’s Bitcoin price prediction 2018?

Sadly, in the course of the past two years in particular, if Bitcoin taught us anything is that it’s really difficult to predict its price movement.

However, this hasn’t stopped some of this industry’s leading names from giving their own opinions. If you’re too wondering how high can Bitcoin Price 2018 go, these experts have the answers for you.

Bitcoin Price Prediction 2018


1) Bitcoin will hit $100,000 in 2018

Kay Van-Petersen believes Bitcoin price can hit $100,000 in 2018. An analyst at Saxo Bank, he is the guy who successfully forecasted the meteoric rise of Bitcoin 2017, when one unit was trading just around $900.

“First off, you could argue we have had a proper correction in Bitcoin, it has had a 50 percent pullback at one point, which is healthy. But we have still not seen the full effect of the futures contracts,” Van-Petersen said recently.

(Source)

2) Bitcoin will cross $60,000 in 2018

Dr. Julian Hosp thinks Bitcoin price can reach $60,000 in 2018. He is a cryptocurrency entrepreneur— co-founder of a fintech company TenX. 

“I think we're going to see Bitcoin hitting the $60,000 mark, but I also think we're going to see Bitcoin hitting the $5,000 mark. The question is though, 'Which one is it going to hit first,” Julian Hosp said.
bitcoin-price-prediction-2018, bitcoin-forecast-2018
Bitcoin Price Prediction 2018
(Source)

3) Bitcoin will double in value in 2018

Tom Lee says the price of Bitcoin will double in 2018. He is the co-founder and head of research at Fundstrat Global Advisors, with a history of accurately predicting price movement of this cryptocurrency. 

He says, once Bitcoin crosses the $20,000 barrier, it will move up unprecedentedly, eventually doubling in its value in the next few months.

“If [Bitcoin] can actually rise close to [that $20,000 level] in the first half of this year, I think in the second half of 2018, we'll see a move bigger than that," Lee said. "So I think Bitcoin is still something you should own [all year]," he said.

(Source)

4) Bitcoin Will End Up at $1800 in 2018

Wall Street consultancy firm Quinlan Associates has predicted that Bitcoin price will crash to $1800 by the end of 2018. 

In one of its reports, it said, “As an asset, we valued Bitcoin using a cost of production approach and a store of value approach, resulting in values of $2,161 and $687 respectively. To value BTC as a currency, we estimated its utilization for both legal, retail transaction payments, as well as payments on the black market. After significant testing, we calculated the price of BTC to be $1,780.”

(Source)

5) Bitcoin will reach $50,000 in 2018

Spencer Bogart thinks that Bitcoin can “easily” reach $50,000 in 2018. He is a partner at Blockchain Capital. 

“Institutional ownership is still effectively zero percent. There's a lot of room for upward movement here,” Spencer said in an interview. “This is the first round of product set that's going to evolve and mature and eventually become a deep market,” he added.

(Source)

Crash… Crash… Crash…

On the other side of the rope, two of the most renowned skeptics of Bitcoin is Jamie Dimon and Warren Buffet.

Chairman and CEO of Berkshire Hathaway, Warren Buffet said, “In terms of Cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending.”

Chairman and CEO of J.P Morgan, Jamie Dimon, in fact, went to an extent of calling Bitcoin a fraud last October. He said, “It's just not a real thing, eventually it will be closed.”

‘Eat My Dick’

Countering these critics is cyber-security pioneer John McAfee who, in his now infamous tweet, said that he will “eat my dick on national television” if Bitcoin’s value doesn’t cross $1 Million by 2020.
bitcoin-price-prediction-2018, bitcoin-forecast-2018
Bitcoin Price Prediction 2018
There are many such Bitcoin forecast 2018 from renowned market analysts and experts. Unsurprisingly, their views are widely divided, each side with their own theories and understandings.

However, at large, here’s what we understand. In 2018, one Bitcoin will be priced anywhere between $50,000 and $100,000.

On the other hand, according to skeptics, Bitcoin will crash. But nobody knows when. None of them has pointed out any definite year—none has mentioned anything about 2018.

So, on a lighter note, considering everyone’s opinions and analysis, it is very likely that Bitcoin will boom this year. It “can crash”—but not really in 2018 ;)

So if you have still haven’t done already, invest in Bitcoin today. Head here to know where to buy Bitcoin in India.

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