Since the beginning of the year, the bitcoin exchange rate cannot rise above $ 13,000 in any way – and the first cryptocurrency is far from the record level of $ 20,000. However, experts are confident that Bitcoin will continue to grow – and give the most optimistic forecasts.
$ 20,000 Founder of Galaxy Digital cryptocurrency bank Mike Novograts is confident that the price of bitcoin will rise to $ 20,000 as soon as investment banks enter the game. Personally, he is ready to sell bitcoin only when his rate reaches $ 20,000 – but, according to Novogratz, this will happen no earlier than the fourth quarter of 2019. In addition, he is confident that as soon as Bitcoin reaches $ 20,000, he will begin to move towards the $ 40,000 mark.
OKEX Exchange’s Operations Director Andy Chung agrees with Novogratz: he believes that after updating the historic maximum, the rally will continue, as everything comes to the market more institutional investors. At the same time, co-founder of Kenetic Capital, a Hong Kong-based investment company, Cihan Chu, is confident that by the end of 2019, Bitcoin will reach $ 30,000 due to the fact that companies such as Fidelity, JPMorgan and Facebook join the industry.
Bitcoin will hit a historic high of $ 20,000 after the Fed resumes its quantitative easing program, said BitMEX head Arthur Hayes. Last week, the European Central Bank launched the program and cut its deposit rate to a new all-time high: “Get ready for $ 20,000 in Bitcoin,” Hayes wrote.
He previously stated that the value of the first cryptocurrency could reach $ 50,000 in the next 2-5 years. The head of the crypto-derivative trading platform explained that this will be associated with increased control by the authorities, and digital money will remain the only asset that will help maintain financial confidentiality.