Not enough: analysts predict the rise of Bitcoin to $ 8,500 by the end of the year
Source:Experts of the research firm Trefis don't expect serious Bitcoin price movements this year. In their opinion, cryptocurrency will grow to a maximum of 8500 by the end of December. About it writes .
theWhy is not growing Bitcoin
The Trefis Forecast is based on the number of transactions and active users of the crypts. To calculate the exact value of the asset by the end of the year, the staff calculated the ratio of supply and demand of Bitcoin. Data Trefis reliable — until the company was able to predict 94% of the events in the stock market.
The Main catalyst for price movements of digital assets remain media. They caused a sharp increase in interest of ordinary people to the crypt last year. However, now the news are not playing on hand Bitcoin — unchecked in a few days can derail the market.
And although the market is still inert reacts to news that the infrastructure around cryptocurrency is gradually increasing. A year ago, around digital assets weren't so many things needed for mass adoption. Progress is being made, but the price of Bitcoin still have a lot to worry about.
While the main reason for the rapid growth of the home cryptocurrency cryptocurrency can become . If this does not happen, Bitcoin can once again updated the annual minimum.
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
Cryptocurrency startup Robinhood that allows you to trade coins with zero Commission, earns millions of dollars by selling customer data to financial corporations. This is stated in the report research firm Seeking Alpha, which re...
When the capitalization of the stock market will rise to 80 trillion dollars? Response Tim Draper
According to Draper, the stock market has very big potential. In the next 15 years, the industry of cryptocurrency can achieve capitalization on the level of 80 trillion dollars. About it writes . the the Prospects of investments ...
Expert: cryptocurrency is not dead and will not disappear
the Loss of 600 billion dollars of capitalization is not a reason to consider the stock market dead. So says chief economic analyst at Allianz Mohamed El-Erian. The expert noted that the technology behind Bitcoin is here to stay a...
BitGo CEO: Bitcoin needs fresh capital, but wall street is already on the market
the Money of institutional investors is that should Bitcoin and the industry as a whole. However, the process of the arrival of the players from wall street to the market is delayed, while the industry was hoping for a more rapid ...
Another victory: on the mining of Bitcoin is spent 4 times less than gold production
One of the favorite arguments of the opponents of cryptocurrencies — stories about what mining has too much power. However, when mining cryptocurrency is used four times less energy than the extraction of gold. Information analyst...
And worse: why you should not worry about the fall of the stock market
Correction of 2018 hit hard by the stock market, but even it is not equal to the fall of Bitcoin in 2014. Then, many investors have left the industry, disillusioned with the cryptocurrency. However, the numbers speak for themselve...
Again puzzles: Bitcoin crashed due to an unknown whale. He poured 50500 coins BTC
the Fall of Bitcoin by 15 percent at the end of August doesn't just happen. Analysts Chainalysis found out that the anonymous "kit" in the interval from 23 to 30 August, made about 50 transactions totaling 50500 bitcoins. At that ...
The trading volume on the Ethereum rose to annual maximum. When you start to grow the course?
Yesterday, the daily volume of trade Ethereum has reached a maximum value in the last 12 months. In 24 hours the total amount of traders ' transactions amounted to 850 000 ETH is the last time that happened on 15 September 2017. T...
CEO Binance: Buterin wrong, the growth of cryptocurrency 1000 times possible
the Cryptocurrency will increase 1,000 times or more, and the statement Vitality Buterin about the impossibility of such a scenario is wrong. This was stated by Director General of the world's largest exchange Binance Chanpen Zhao...
Will come true if the forecast? Analyst predicted the Ethereum $ 2,000 by year-end
In the early years the founder of the ConsenSys Capital Andrew Keyes has published in his blog article with the prediction of the main coin prices and market capitalization in General. The analyst fall into the trap of hype is wha...
How to go to jail for mining? Experience of the head of Scam-project GAW Miners
Director General of the mining company GAW Miners Josh Garza was sentenced to 21 months in prison on charges of fraud. A recent hearing in the case GAW Miners has completed the investigation, which lasted for four years. About it ...
Time on the moon: three sign that the cryptocurrency will soon begin to grow
In its history, the cryptocurrency fell several times. After each correction, when investors ' hopes were trampled and broken, Bitcoin once again took a new record after about a year. The stock market is very on the dot-com bubble...
Bitcoin reached $ 6500, what's next? The opinion of the Russian expert
this morning rose above $ 6500. In this period, the cryptocurrency was delayed seven hours, during which she even took the leap to the level of 6596 bucks. Suitable conditions for growth created positive news. For example, today t...
From the Play Store is missing the crypto BitPay. Who is to blame?
the Recent decision by Google was a real surprise for cryptocommunist company removed the BitPay app from Play Store. One of the most popular cryptocell disappeared from Google without any notification. About it writes . the Fight...
What Althingi and Bitcoin in 2019? Expert opinion
the Main commercial Director BitPay Sonny Singh said that «altcoins will never return» to my old price. At the same time, Bitcoin needs to beat your price high in 2019. About it writes . the Why you should not buy altcoi...
Morgan Stanley will launch a service for trading Bitcoin swaps. What does it mean?
One of the largest banks in the world, Morgan Stanley, will soon launch for their customers ' Bitcoin swaps. The opportunity to play on fluctuations of the first cryptocurrency, not actually buying the coins. About it writes . wi...
New breakthrough: how did the design of sharding in Ethereum
has become one step closer to sharding. This convinced Vlad Zamfir, who announced the successful development of the idea of a proof of concept (Proof-of-concept) during the hackathon EthBerlin this week. Zamfir together with seve...
CEO Galaxy Digital cryptocurrency has reached its bottom. Then only the growth
the Founder of investment firm Digital Galaxy Capital Management Mike Novogratz said that cryptocurrency has reached its bottom. The price of Bitcoin and altcoins will not fall below. About it writes . the it's Time to buy Bitcoin...
Comments (0)
This article has no comment, be the first!