Researchers Fundstrat: by the end of 2019 Bitcoin will cost 36 thousand dollars
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In mid-March Whether 91 thousand dollars for one bitcoin in 2020. To the figure of the entrepreneur helped the analysis of the behavior of the coin after a previous falls. Now turn to guess came to employees of the company Tom — Fundstrat. Their study hints at 36 thousand dollars, but a year later.
theForecast Bitcoin exchange rate
The Results presented strategist at Fundstrat Sam Doctor, reports . The researchers studied the relationship of cost of mining and courses cryptocurrency. According to employees of the company, by the end of next year, the cost of Bitcoin will be in the range from 20 to 64 thousand dollars.
According to the Doctor, method of calculation has proved its reliability. Experts take into account the so-called breakeven mining, also known as P/BE.
We expect economic growth of mining over the next few years and the increase in the exchange rate of Bitcoin to 36 thousand dollars. We used the average P/BE 1.8.
Thomas Lee published an entry in his Twitter account.
CRYPTO: Our quant/data scientist publishing mining white paper. Crypto mining economics lead/explain price—suggests $39,000 per bitcoin by YE19. key takeaways below…
— Thomas Lee (@fundstrat)
Hopefully, these statements will translate the cryptocurrency market to phase the bulls. In April, 82 per cent of institutional investors confirmed the achievement of the bottom courses of cryptocurrency. The chances of a return to the December peaks grow.
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