What will happen to Bitcoin? Popular predictions for the end of 2018 more irrelevant
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Many capturadora and enthusiasts hoped that by the end of 2018 Bitcoin and other popular crypto currencies will increase in value, and then get a big way to celebrate the winter holidays. Throughout the year, we watched as analysts predict the price of Bitcoin at the end of 2018. Predictions were many, but today I would like to refresh your memory of a couple remarkable.
the- Founder and partner of Morgan Creek Anthony Pompliano earlier this year claimed that the Bitcoin price will reach 50 thousand dollars.
Director General of Fundstrat's Thomas Lee back in July predicted that BTC will grow to 25 thousand dollars. It is quite a long and bravely stood his ground. However, decided to reduce the forecasts to 15 thousand by the end of this year. the
a tough year for Bitcoin
Most of the price predictions of Bitcoin in 2018, fueled by hopes for a repeat of Q4 last year, when the coin soared to 20 thousand. In addition, many really believed in the inflow into the industry from institutional investors on wall street, which prepare the infrastructure. However, the year was struck on Bitcoin and the entire stock market as a whole.
Perhaps the reason for the start of the bear market began fake headlines that Goldman Sachs to work more in cryptosphere. For the first time the rumors appeared in early September, when the price of BTC was $ 7300. Since then, the price was negatively impacted by the launch platform Bakkt and regulator SEC, which is the matter of the application for approval for a Bitcoin ETF. And this is not to mention emergency .
theWhere will the price of Bitcoin?
How to write on Ethereumworldnews, the graphs can predict the price, except that for the next few hours or days. However, when in the sphere of unforeseen events, the data cease to be informative.
Partner in the Oracle Crypto Lou Kerner , it is still to predict the weather far into the future. However, he still put forward their assumptions.
1) Bitcoin will fail as a means of savings;
2) It will surpass gold as a store of value;
3) He at least takes second place as a means of savings, after silver.
In conclusion I want to say that before the end of the month there are only three weeks, so we can hardly expect a significant growth rate. More data to search for .
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