Will bitcoin’s price recover? Right now, Bitcoin is lying in buoyancy in the syndicate, though it is difficult to foretell how investors would respond to the current events. Many specialists and crypto masters have given their price prediction for Bitcoin in 2019. According to Coinlib, the current Bitcoin price (at the time of writing this article) is at $4141. It seems that BTC is slowly gaining its momentum.
Crypto Experts’ BTC Prediction For 2019
Analysts, supporter, and trade personalities have quite diverging views and bitcoin price forecasts for both long and short-term. Trust is still high in several quarters and experts think that Bitcoin will recover. History usually has a habit of imitating itself but bitcoin has a plenty of archives which gives it an even test foretelling which archives will be recited. Following are top 5 opinions of crypto experts on Bitcoin Price for 2019-2020
John McAfee, Bitcoin advocate and founder of the famous McAfee antivirus software, is being quite certain about Bitcoin’s future. He had prophesied that Bitcoin price will hit $1 million by 2020 following 2017’s prophecy of $7000 which was well exceeded.
When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong. pic.twitter.com/WVx3E71nyD
— John McAfee (@officialmcafee) November 29, 2017
According to the McAfee Prediction Tracker Bircoin.top, Bitcoin requires to increase at a rate of 0.484095526% per day from the day McAfee gave his price prediction to December 31, 2020, to reach $1 million.
Tom Lee, co-founder of Fundstrat Global Advisors has already predicted that Bitcoin price will hit $15,000. According to CNBC, Lee had said that
While bitcoin broke below that psychologically important $6,000, this has lead to a renewed wave of pessimism. But we believe the negative swing in sentiment is much worse than the fundamental implications.
Anthony Pompliano, the founder of Morgan Creek Digital Assets, initially prophesied that Bitcoin will hit $50,000 by the end of 2018, but realized that his forecast was incorrect. Pomp later estimated that it might take until Q3 of 2019. He had tweeted
I've revised my Bitcoin outlook after spending more time digging through data than I would like to admit. I'm still very bullish, but it may take longer than anticipated: https://t.co/TYEuoBaChh pic.twitter.com/yjF0VRt5Ey
— Pomp 🌪 (@APompliano) August 24, 2018
Tim Draper, an American venture capital investor had predicted that the total market cap of cryptocurrency will hit $80 trillion in 15 years. He said that Bitcoin and cryptocurrencies would temporarily decline but then increase swiftly to become an $80 trillion business in the next 15 years. Draper said that the notable decline in the crypto market in recent days is because of people who have not yet accepted cryptocurrencies as a new asset class. Cryptocurrencies will transform many significant industries worldwide once people become more familiar with the digital currencies.
In the month of January 2018, Jeet Singh (cryptocurrency portfolio manager) had predicted that the price of Bitcoin will go as high as $50,000. He was speaking at the World Economic Forum in Davos. He reminded of big price variations which he thinks is only normal for a Bitcoin market that is still evolving.
2018 has been a very stormy year for Bitcoin, and the course was regularly towards the deeper side. Although there are numerous thoughts about Bitcoin price, many experts still think that Bitcoin will increase again because of its habit of surprising its investors.
According to a Finder.com CEO Jon Ostler, currently, Bitcoin price is declining but it will increase to $29,500 by December 31, 2018. While he continues to believe that the volatility is here to stay but in the longer term, he believes that most of the cryptocurrencies will be much higher than the levels at which they are currently.
Disclaimer: This information should not be interpreted as an endorsement of any cryptocurrency. It is not a recommendation to trade. The cryptocurrency market is full of surprises and overhyped assets. Do your research before buying anything. Do not invest more than you can afford to lose.