Bitcoin Will hit $25,000 Mark by the End of 2018 , A Bullish Forecast By Fundstrat's Lee
As Bitcoin price has shown green color some experts are ready to predict the price of bitcoin at the end of this year. It becomes easy for the community to believe on forecasts like this when sudden pump in price take place.
Thomas lee has predicted that bitcoin price will hit $25,000 this year in an interview with CNBC. Bitcoin price was down for more than two weeks and it had not crossed the $8,000 mark since march. Now there is a uptrend in the price of bitcoin which is positive news for the future of the bitcoin. The total daily volume of cryptocurrency market has also increased which is another positive sign for the price of bitcoin.
Thomas Lee is optimistic about the future of bitcoin he doesn't think that bear market in first quarter will stop price of bitcoin from reaching $25,000 at the end of this year instead he is almost sure that price will reach $25,000 mark at the end of this year.
Lee also has the same reason for the downtrend in first quarter and that is tax selling. According to him price was down because investors wanted to sell their bitcoins cheap so that they can collect dollars to pay their taxes.
Oh my goodness. If that happened I wouldn't know what to think.
I wouldn't be massively surprised if we hit that price tbh we were at $20,000 less than half a year ago!
That would be bonkers! I think then people would have to wake up and slapped in the face again to see that is a real financial reformation.
It is true that we were at $20,000 and it will not be a surprise with regard to long run but reality is different know as regulations have discourage some of the investors
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