CRYPTO REPORT: What bitcoin up to actually, Says Analyst Who's Been Right Before

blaqothor (25)in #money • 7 years ago

How the bitcoin will rise up to $100,000 this year 2018 and with proof, as it does in 2017. The crypto-currency king rise by many multiple of its current price up to 1000% in the previous year.

Currently, each unit of bitcoin is worth $10973.58 and this might be the best time to buy as the cryptocurrency king might just be waiting for lucky investors before taking off. Towards the end of 2016, the Danish firm Saxo Bank released its annual list of “Outrageous Predictions” for the year ahead. In it, the bank’s analysts said that Bitcoin could easily triple in value in 2017.

bitcoin price as at 2016.jpg

Danish firm Saxo Bank's prediction came true, bitcoin went on to increase from around $900 to $18,000.

Saxo Bank analyst Kay Van-Petersen told CNBC on Tuesday that she “wouldn’t be surprised” if Bitcoin peaked between $50,000 and $100,000 this year. The pattern Van-Petersen has seen is for Bitcoin to surge in value, then plunge and plateau for a little while, before surging again.

So therefore, investing in bitcoin now when it is still low compare to the predicted value by the end of 2018 is not a bad idea. Nonetheless, a wise investor wouldn't want to invest all his income for digital currency. However investing an amount that could make a worthy turnover. (not a financial advise)

I currently have some bucks in the cryptocurrencies ranging from bitcoin, ripples, doge, ethereum, litecoin and steem, so i strongly believe that the bitcoin will rise, if not up to the prediction.

Warren Buffett said last week predicted “with almost certainty that [cryptocurrencies] will come to a bad ending but remember that even as Saxo Bank analysts are saying that Bitcoin could hit $100,000 in 2018.

Decision to invest or not depends on individual.