Is bitcoin getting charge towards $50,000 by the end of 2018?
In crypto tading if someone knows about Bitmex, one of the largest plateform of peer to peer trading than he would also know the name of Arther Hayes, who is the co-founder and CEO of this organization.
A few days back he made a prediction that there are many reasons behind this low price of bitcoin which is now about to $6300 and its also possible to sustain that in the range of $3000-$5000 if rest remains the same. But he also predicted that the main reason behind this volatility is actually the price of bitcoin.
A lot of people may assume that digital currency volatility, especially Bitcoin is simply all about price movement, Hayes, whose company actually thrives on volatility explains that the slump in price actually reduces the level of volatility in the market. Hence, for the market corrective rally, the increase in the capitalization is necessary.These corrective rallies has been happened many times.
Its expected that in coming few days this corrective rally is going to happened, as Hayes said that the reason behind his confidence is due to E.T.F(exchange traded funds), as it will bring new real money to the market to increase the capitalization. People who don't know what is E.T.F can see the article below.
Source Article:
https://www.ccn.com/hayes-a-positive-regulatory-etf-will-push-bitcoin-to-50000-in-2018/
Now please tell me what is your opinion on this prediction.
Comment Below.
after all..we will have one more big jump soon and then it will get similar to forex..a more stable economy..
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We are already up by some percentage and hope to see like this growth but can't predict the market.