Jump to content

Bitcoin value can reach $50k this year


Recommended Posts

website-bitcoin-value-1280x500.jpg

 

Bitcoin value has dropped by almost 45% after hitting a high of almost $20k this month but some experts feel the crypto currency is set to climb again in 2018

Cryptocurrency investors who joined late will feel the latest headline about Bitcoin value is a bad joke. Most people who invested in Bitcoin recently are sitting on negative equity or have cashed out losing.

Ethereum and Ripple backers have similar stories to share with their Bitcoin owning counterparts. But for portfolio manager Jeet Sign cryptocurrency volatility isn’t surprising and he envisages Bitcoin’s value hitting $50k this year.

Singh gave his views about cryptocurrencies to RT while attending the Davos Economic Forum in Switzerland. He’s been operating in the cryptocurrency space for the last six years. He’s seen similar volatility time and again. And he’s also experienced fluctuations by more than 80% and above on a regular basis.

Singh drew comparisons between cryptocurrency and the early performance of Microsoft and Apple stock.

“If you look at Microsoft or Apple when they went public their stocks were very volatile because the market wasn’t mature,” he said.

The lack of vendors accepting cryptocurrencies as payment results in cryptocurrencies being used more like as a store of value. However, in countries with high inflation (Indonesia and Thailand) cryptocurrencies are more readily accepted.

 

 

For More Detail : Bitcoin value can reach $50k this year

Link to post
Share on other sites
  • 2 weeks later...

I think bitcoin is playing a mind game with the traders and it is testing the patience as well currently. I believe in the fruitful results of this patience as the value of it will touch the higher highs at the end of 2018. Do you believe in the bright future of bitcoin?

Link to post
Share on other sites
  • 2 years later...
  • 1 month later...

It's always a little bit funny to read these predictions a few years after they were made, seeing that Bitcoin still hasn't reached $50k. It might actually be possible this year, though. But we would need another bull run for that. 

Link to post
Share on other sites
On 1/26/2021 at 3:43 PM, Dora Wi said:

It's always a little bit funny to read these predictions a few years after they were made, seeing that Bitcoin still hasn't reached $50k. It might actually be possible this year, though. But we would need another bull run for that. 

We have to think that the rise in the levels of Bitcoin has been unprecedented so we need to remain cautious while dealing with the trading of Bitcoins.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...


×
×
  • Create New...