Bitcoin, Cryptocurrency Price Prediction for 2019 | How much will it be?
The Digital currencies and assets are believed to be the future of transactions and value storage, thus bitcoin is leading this revolution. However, the cryptocurrency market is currently in a “complaining” state, meaning more declines are predicted, some experts believe that cryptocurrency is set to achieve back the value that it lost in 2018.
There are several reasons which lead to the bitcoin’s price fall like Bitcoins being used for illegal purposes and so many past mishaps like hacking and thefts. Even though Bitcoin has such cons, the pros will exceed such cons. Hence Bitcoin is still the market leader, occupying the number one position and maintaining its position.
Market prediction of Bitcoin price:
Will 2019 see a rise in the price of Bitcoin?
Some of the cryptocurrency experts with the knowledge on the cryptocurrency market have talked about the future of the largest cryptocurrency by market capitalization and have also provided a range for Bitcoin’s price forecast.
John McAfee, the founder of the popular McAfee software and an ardent Bitcoin follower predicted that Bitcoin will hit $1 million by 2020 comparing to the last year’s prediction of $ 7000.
Joe DiPasquale, CEO of BitBull Capital predicted that the Bitcoin’s price can be anywhere in 5 years, from $10 000 to $100 000. he also says that an exact prediction is hard to provide because there are numerous fundamentals that can make changes in the prediction.
As the market is experiencing increased volatility, it is a little impossible to predict the bitcoin price range. Even though Bitcoin has been experiencing frequent fluctuations in the price range we believe that Bitcoin will soar up as per the predictions stated above.
The operational regions of many decentralized bitcoin exchanges have been extended in the several countries means that the developing countries start accepting cryptocurrency as a part of financial progress.
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