With the price of Bitcoin increasing beyond ten thousand dollars, analysts are forecasting higher price rebounds within the end of the year 2018.
For the 2018 price rocketing predictions, Tom Lee, a Bitcoin specialist and investor has observed that the price will augment to about twenty five thousand dollars within the year 2018. He has further predicted an increase to one hundred and twenty five thousand dollars by the end of the year 2022. A complete regaining of the price of Bitcoin to its original value is being expected by the end of July.
Post recovery, the price of Bitcoin will reach new heights, in a consistent manner as predicted by Bitcoin experts, by the second half of the year 2018. Lee has predicted an increased acceptance and higher dominance of use of Bitcoin in the second half of 2018. He also anticipates that the price rise of Bitcoin will no fluctuate so much after its value gets completely recovered.
The blue chip amongst crypto currencies
Lee considers the two digital currencies Bitcoin and Ethereum as blue chips amongst all the other cryptocurrencies in the global crypto currency trade market. This is because investors and stockholders tend to invest in both Bitcoin and Ethereum cryptocurrencies. If invested in Bitcoin and Ethereum for a long duration of time, the yields and returns will be enormously profitable for the investor in the long run. This is confusing the investors on whether they should invest now on the current price of Bitcoin or avoid it.
It has been observed that the acceptance of Bitcoin has now become prominent in the recent trade market of cryptocurrency. The momentum of trade has slowly been making a comeback in the current times. If at all the cryptocurrency regains its original momentum of acceptance and investment, the prices of Bitcoin will be able to increase at faster rate and so will the awareness of investing and trading in the cryptocurrency with firm consistency.